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Agenda Item Number: ORANGE COUNTY BOARD OF HEALTH AGENDA ITEM SUMMARY Meeting Date: January 24, 2018 Agenda Item Subject: 2nd Quarter Financial Report FY 17-18 Attachment(s): 2nd Quarter Financial Report 2nd Quarter Billing Dashboard Staff or Board Member Reporting: Rebecca Crawford Purpose: ___ Action _X_ Information only ___ Information with possible action Summary Information: Total Health Department Revenue: Average YTD monthly revenue in FY18 after the second quarter is $211/month and totals $1.3M YTD, representing 39.7% of our overall budgeted revenue for the year. The total second quarter revenue is slightly skewed down due to the majority of state funds not eligible to be drawn in July (this is typical) but we are trending higher than we were at this time last fiscal year ($1.2M). Expenses are higher than revenues at 44.3% of the total, overall budget. Total Billing Accuracy: Continuing with the goal of 90% billing accuracy set in FY 14- 15, the average billing accuracy rate for medical after the second quarter is 91% as compared to 95% in FY 16-17 and the average rate for dental for second quarter FY 17- 18 is 103% as compared to 104% in FY 16-17. Dental billing accuracy data for December is unavailable while we are going through a system upgrade. Dental Earned Revenue by Source: The FY 17-18 average monthly revenue ($38.1/month) for the second quarter is below our budget projection ($43.4k/month) and our FY 16-17 average of $39.8k/month. FY 17-18 dental earned revenue totaled $234k at the end of the second quarter. Medical Earned Revenue by Source: Medical earned revenue is currently below the budgeted projection for FY 17-18 ($57.1k/month) at $54.1k/month since we had a provider on maternity leave until the end of December. Medical clinic revenue totals $325k for second quarter FY 17-18.