W & I Key Statistics July 2013 Inpatient:ActualBudgetFav/(Unfav) Variance % Variance Fav/(Unfav) Deliveries 776 718588.1% Discharges1,7601,72832 1.9% Patient.

Slides:

Advertisements

Similar presentations

F BUDGET Cancer Center Emerging Leader Program Ely Kuo-Vasher, MBA Finance Director.

Advertisements

FY 2011-FY2015 Budget Comparison And 5 Year Projection 1 Office of Finance.

Financial Management Thomas J. Dilts MT(ASCP),MBPA Vice Chair of Administration and Operations Department of Pathology Virginia Commonwealth University.

Care New England Women & Infants Efficiency & Effectiveness Metrics 1.

Calculating & Reporting Healthcare Statistics

Welcome to Financial Series #1 The Income Statement.

Charter Partners Institute eVenture Financial Case Guide Note: This is only a guideline. Presentations should be adapted to bring out the important financial.

FINANCE COMMITTEE MEETING OCTOBER 19, 2009 Fourth Quarter Financial Report – FY 2009.

Colorado Title X Family Planning Program Cost Analysis/Rate Setting Part 1: Determining Cost.

POST OFFICE. Revenue Mail Service ( ) Departmental charges (box rent & deliveries)$60,105 Box rent (off campus students)$1,000 USPS contract$5,000.

Presented by the Office of Research Development & Services and Sponsored Programs Administration.

Slides for Class 2 H ADM 545 January 17, Broad model depicting what a Health Care Organizations (HCO) must do to remain financially viable. Hire.

Financial Acumen: Cost Management Tools. Course Objectives Describe how healthcare business is different from other types of business Understand your.

Essential Standard 4.00 Understanding the role of finance in business. 1.

Heber Light & Power 2014 Budget/Forecast Review - Midyear.

1 U.S. DEPARTMENT OF AGRICULTURE National Institute of Food and Agriculture Nonprofit Indirect Cost Training – One Rate Method.

How to survive the migration to Managed Care Costing Out and Pricing Home Health Services H. Kenneth McNulty VNA of Boston.

Al H 116/Rad T 216 Financial Aspects of Hospital Management.

2015 Fiscal Year-End Activities for Recharge Centers Internal / External Sales Office.

CAMPAIGN FOR CHANGE Alecto Healthcare Services Hayward, LLC.

Maricopa Integrated Health System: Economic Impact Analysis, 2013 August 27, 2014.

Adjusting Entries. TWO METHODS  Some companies will employ different methods of accounting based on the nature of their operations.  These methods change.

Benchmarking Academic Enterprise Robert Belsole M.D. Vice Dean for Clinical Affairs.

University of Minnesota Internal/External Sales Rate Development – Advance Internal/External Sales.

Delmar Learning Copyright © 2003 Delmar Learning, a Thomson Learning company Nursing Leadership & Management Patricia Kelly-Heidenthal

Prepared By: I & S Tax Service LLC. Gross Receipts and Sales (Total income for this tax year) Returns & Allowances (Refunds to customers) Beginning Inventory.

Slides for Class 5 and 6 H ADM 545 February 7th and 14th, 2002 The 4 key financial statements in an accounting entity’s financial history.

Overview Goal Setting. Budget The Importance of Budgeting Preparation of an annual budget and continuous budget monitoring allows management to anticipate.

MEDICARE Presented By WIA Warner Insurance Agency.

Mid-Atlantic Crossroads (MAX) FY08 Financial Statement for 10 months Ending April 30, 2008 Cost/Pricing Analysis Status of Current & Potential Participants.

Budget and Finance Managing Finances for PT Services.

Care New England Health System Statement of Operations Month of April 2013 Variance Actual Budget Fav/(Unfav) Total Revenue $ 73,343,523 $ 72,935,597 $

SUMMARY OF OPERATING RESULTS September 30, Adult Admissions (rolling 12 months) FY2010 YTD 5,874 5,967 5,852.

Glorian Portrait Studios, Incorporated Statement of Income For the Month Ended May 31, 2007.

Financial Management and Budgeting The Details. What Is a Budget? A useful tool for keeping track of funds. A useful tool for keeping track of funds.

A Performance Monitoring Resource for Critical Access Hospitals, States, and Communities CAH Financial Indicators Report for Our Hospital CAH Financial.

Natividad Medical Center Board of Trustees February 1, 2013 Financial Statements For December 31,

Statement of Revenues for the Fiscal Years Estimated FY10 REVENUE Estimated Actual FY09 REVENUE VARIANCE SCIENCE INFRASTRUCTURE SODV 1,784,519.

Appendices. Appendix 1: Supplementary Data Tables Trends in the Overall Health Care Market.

ERCOT Financial Summary Fiscal Year ERCOT Financial Snapshot Preliminary - Unaudited.

Chapter 3 Accrual Accounting Concepts. Why is Accrual Accounting Needed? Cash received or paid Revenue earned Expense incurred.

Construction Accounting & Financial Management, 3/e Steven Peterson © 2013 by Pearson Higher Education, Inc Upper Saddle River, New Jersey All Rights.

UCSF, Decision Support Services 1 FY08 PSA Budget Overview Decision Support Services.

Healthcare Systems Engineering IDEAL Seminar Series January 27 th, 2015 Hospital metrics.

Treasurer Update Paul Andersen Budget Personnel $7,626,048 Salaries and Employee Benefits $7,626,048 Operations $3,647,587 Communications $904,511.

The Study Conducted by economist Dr. Michael Kurth and accounting professor Dr. Daryl V. Burckel. Dr. Morris Coats, a healthcare economist at Nicholls.

Internal/External Sales Rate Development Level III

Presented by Financial Services

Welcome to our Online Business Forum

Financial Update for 2017 and Budget 2018

MENTOR PUBLIC SCHOOLS FISCAL YEAR SUMMARY JUNE 30, 2014

Mandatory Student Fee Advisory Committee December 8, 2014.

SUMMARY OF OPERATING RESULTS September 30, 2009

Income Statement accounts

SUMMARY OF OPERATING RESULTS

Untuk Periode Yang Berakhir 31 Desember 2007

Pre-budget Consultations

SUMMARY OF OPERATING RESULTS

Internal/External Sales Rate Development Level III

THE INCOME SUMMARY ACCOUNT

Bronx Community College FY2017 Year-End Expenditure Report

ALA-APA Fiscal 2010 Year in Review James Neal – Treasurer

SUMMARY OF OPERATING RESULTS

University of New England

Finance Committee April 2019.

Managed Care: Financial Reporting

HFMA Mid-Year Meeting Board Financial Reporting Thursday, May 23, 2019

THE INCOME SUMMARY ACCOUNT

Agenda FYE June 30, 2020 Operating Budget

Agenda FYE June 30, 2020 Operating Budget

Presentation transcript:

W & I Key Statistics July 2013 Inpatient:ActualBudgetFav/(Unfav) Variance % Variance Fav/(Unfav) Deliveries % Discharges1,7601, % Patient Days Adult2,9763,077(101)(3.3)% Nursery1,9381, % NICU2,2472, % Total Pt. Days7,1616, % Adult Census per day (3.3)(3.3)% NICU Census per day % Surgeries (54)(30.5)%

W & I Key Statistics July 2013 Outpatient:ActualBudgetFav/(Unfav) Variance % Variance Fav/(Unfav) Surgeries % Imaging6,3925, % Lab77,91180,738(2,827)(3.5)% ER Visits2,6132, % Therapies2,5952, % WPCC2,2572, %

W & I Key Statistics Fiscal Year-to-date July 2013 Year-to-Date ActualBudgetVariance Hospital $ 7,734,324 $ 10,664,205 $ (2,929,881) Faculty Enterprise (327,790) 287,291 (615,081) Indemnity 4,697,863 1,000,000 3,697,863 Healthcare Alliance (3,310,521) (3,926,686) 616,165 W&I Corporation Net Income $ $ $ Inpatient:ActualBudgetFav/(Unfav) Variance % Variance Fav/(Unfav) Deliveries 6,9446, % Discharges 16,28716,519 (232) (1.4)% Patient Days Adult27,74829,348 (1,600)(5.5)% Nursery17,17617, % NICU20,00819, % Total Pt. Days64,93265,640 (708)(1.1)% Adult Census per day (5.3)(5.5)% NICU Census per day % Surgeries 1,2371,694(457)(27.0)%

W & I Key Statistics Fiscal Year-to-date July 2013 Outpatient:ActualBudgetFav/(Unfav) Variance % Variance Fav/(Unfav) Surgeries5,2614, % Imaging60,39457,6112,7834.8% Lab793,110834,411(41,301)(4.9)% ER Visits23,42622, % Therapies22,67819,5393, % WPCC21,60725,207(3,600)(14.3)%

Women & Infants Corporation Controllable Expenses For the Month of July 2013 Variance Actual Budget Fav/(Unfav) Salaries $16,484,968 $16,471,582 (13,385) Medical Supplies 2,020,031 1,750,853 (269,178) Drugs 1,185,305 1,155,915 (29,390) Other Expenses: Consulting 134, ,422 30,906 Non-Medical Supplies 102, ,427 2,335 Purchased Services 1,521,578 1,652, ,157 Maintenance Contracts 60, ,717 50,930 Repairs & Maintenance 191, ,268 13,539 Food Costs 81,089 88,494 7,405 Rent Equipment 86,615 71,844 (14,771) Dues & Subscriptions 50, ,799 92,040 Travel & Education 50,502 81,214 30,712

Fiscal Year 2013 Metrics Month of July 2013 CNE (excludes VNA) Women & Infants July July Variance July July Variance Actual Budget Fav/(Unfav) Actual Budget Fav/(Unfav) Cost Per Adjusted Day $2,361 $2, % $ 2,670 $ 2, % Cost Per Adjusted D/C $11,593 $11, % $ 10,869 $11, % FTE’s Per Adj Occp Bed % % Salary Per FTE $ 78,241 $ 80, % $80,903 $ 85, % Total Cost Per FTE $ 102,420 $104, % $ 106,116 $112, % OT as a % of Paid dollars 7.5% / 6.0% 3.7% / 2.4% Last Month 5.8% / 4.5% 2.8% / 2.4%

Women & Infants Corporation Controllable Expenses Fiscal Year-to-Date as of July 2013 Variance Actual Budget Fav/(Unfav) Salaries $ 160,590,512 $ 163,934,010 $ 3,343,498 Medical Supplies 18,107,149 16,983,197 (1,123,952) Drugs 12,254,575 11,530,278 (724,297) Other Expenses: Consulting 1,247,196 1,654, ,024 Non-Medical Supplies 1,010, ,375 (26,138) Purchased Services 15,868,525 16,561, ,418 Maintenance Contracts 1,312,728 1,316,728 4,000 Repairs & Maintenance 1,358,443 1,342,662 (15,781) Food Costs 833, ,736 43,695 Rent Equipment 815, ,670 (65,672) Dues & Subscriptions 743,617 1,201, ,614 Travel & Education 783,970 1,092, ,417

Fiscal Year 2013 Metrics Fiscal Year-to-Date July 2013 CNE (excludes VNA) Women & Infants July July Variance July July Variance Actual Budget Fav/(Unfav) Actual Budget Fav/(Unfav Cost Per Adjusted Day $2,359 $ 2, % $ 2,819 $ 2, % Cost Per Adjusted D/C $ 11,835 $ 11, % $11,239 $11, % FTE’s Per Adj Occp Bed % % Salary Per FTE $ 80,532 $ 81, % $87,456 $ 89, % Total Cost Per FTE $ 104,694 $ 105, % $ 114,885 $ 117, % OT as a % of Paid dollars 5.7% / 4.5% 4.6% / 3.3% Last month YTD 5.5% / 4.3% 5.3% / 3.9%

Care New England Health System Statement of Operations Fiscal Year-To-Date July 2013 Variance Actual Budget Fav/(Unfav) YTD YTD YTD Patient Service Revenue $ 752,146,289 $ 745,864,296 $ 6,281,993 Charity Care (32,736,365) (29,776,817) (2,959,548) Bad Debt (40,856,741) (36,771,180) (4,085,561) Other Revenues 48,775,150 47,782, ,151 Total Revenue $ 727,328,333 $ 727,099,298 $ 229,035 Salaries & Wages 355,634, ,264,866 3,630,533 Fringe Benefits 105,545, ,120,896 3,575,657 Medical Supplies & Drugs 66,808,033 63,960,691 (2,847,342) Other Expenses 113,064, ,600,145 (3,464,691) Insurance 22,182,879 22,249,472 66,593 Depreciation 23,680,736 24,647, ,197 Licensure Fee 26,921,425 26,921, Interest 2,957,105 3,180, ,152 Total Operating Expenses 716,794, ,945,685 2,151,099 Net Operating Income $ 10,533,747 $ 8,153,613 $ 2,380,134 Operating Margin % 1.5% 1.1%