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Agenda Item Number: ORANGE COUNTY BOARD OF HEALTH AGENDA ITEM SUMMARY Meeting Date: April 26, 2017 Agenda Item Subject: 3rd Quarter Financial Report FY 16-17 Attachment(s): 3rd Quarter Financial Report 3rd 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 FY17 after the third quarter is $210k/month or $1.9M YTD, representing 63% of our overall budgeted revenue for the year. (Multiple sources of revenue from the county and Medicaid Maximization funds will be transferred in at the end of the fiscal year, but cause our revenue receipts to look lower than projected at this point in the fiscal year as a result.) Expenses are higher than revenues and slightly lower than projections for third quarter at 67%. 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 third quarter is 89% as compared to 95% in FY 15-16 and the average rate for dental for third quarter FY 16-17 is 98% as compared to 97% in FY 15-16. Dental Earned Revenue by Source: The FY 16-17 average monthly revenue ($41k/month) for the third quarter is below our budget projection ($47k/month) and in- line with our FY 15-16 average of $40k/month but is related to lower patient volume in August while the dental clinic was renovated and an overall higher volume of patients this fiscal year that are self-pay and either pay 0% according to our sliding fee scale or are unable to pay the full charge and are on a payment plan. FY 16-17 dental revenue totaled $367k at the end of the third quarter. Medical Earned Revenue by Source: Medical earned revenue is currently slightly below the budgeted projection for FY 16-17 ($59k/month) at $51k/month. This is