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Agenda Item Number: ORANGE COUNTY BOARD OF HEALTH AGENDA ITEM SUMMARY Meeting Date: January 25, 2017 Agenda Item Subject: 2nd Quarter Financial Report FY 16-17 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 FY17 after the second quarter is $203k/month or $1.2M YTD, representing 39% 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 but in line with projections for mid-year at 45.4%. 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 87% as compared to 92% in FY 15-16 and the average rate for dental for second quarter FY 16- 17 is 99% as compared to 101% in FY 15-16. Dental Earned Revenue by Source: The FY 16-17 average monthly revenue ($37k/month) for the second quarter is below our budget projection ($48k/month) and 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 $224k at the end of the second quarter.