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<br /> <br />Agenda Item Number: <br /> <br />ORANGE COUNTY BOARD OF HEALTH <br />AGENDA ITEM SUMMARY <br /> <br />Meeting Date: August 23, 2017 <br /> <br />Agenda Item Subject: 4th Quarter Financial Report FY 16-17 <br /> <br />Attachment(s): 4th Quarter Financial Report <br /> 4th Quarter Billing Dashboard <br /> <br />Staff or Board Member Reporting: Rebecca Crawford <br /> <br />Purpose: ___ Action <br /> _X_ Information only <br /> ___ Information with possible action <br /> <br /> <br />Summary Information: <br /> <br />Total Health Department Revenue: Average YTD monthly revenue in FY17 after the <br />fourth quarter is $247k/month or $2.97 million YTD, representing 95% of our overall <br />budgeted revenue for the year. This is an increase from an average of $225k/month in <br />FY16. Expenses were level with revenues at 95%. <br /> <br />Total Billing Accuracy: Continuing with the goal of 90% billing accuracy set in FY 14- <br />15, the average billing accuracy rate for medical at the end of FY 16-17 is 90% as <br />compared to 95% in FY 15-16 and the average rate for dental for FY 16-17 is 98% as <br />compared to 97% in FY 15-16. <br /> <br />Dental Earned Revenue by Source: The FY 16-17 average monthly revenue <br />($41k/month) ended the fiscal year below our budget projection ($47.5k/month) due to <br />decreased Medicaid and Commercial Insurance patients (Self-pay receipts exceeded <br />budget) and level with our FY 15-16 average of $40k/month. FY 16-17 dental revenue <br />totaled $497k at the end of the fourth quarter. <br /> <br />Medical Earned Revenue by Source: Medical earned revenue is currently below the <br />budgeted projection for FY 16-17. The monthly average after the fourth quarter <br />($55k/month) exceeded FY16 ($50k/month) but lower than our budget projection <br />($59.6k/month). Medical revenue totaled $663k for FY 16-17. <br /> <br /> <br />