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<br /> <br />Agenda Item Number: <br /> <br />ORANGE COUNTY BOARD OF HEALTH <br />AGENDA ITEM SUMMARY <br /> <br />Meeting Date: October 25, 2017 <br /> <br />Agenda Item Subject: 1st Quarter Financial Report FY 17-18 <br /> <br />Attachment(s): 1st Quarter Financial Report <br /> 1st 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 FY18 after the <br />first quarter is $208/month or $624k YTD, representing 18.7% of our overall budgeted <br />revenue for the year. The total first quarter revenue is slightly skewed down due to the <br />majority of state funds not eligible to be drawn in July (this is typical) and allocations of <br />Medicaid Max funds are not transferred into our budget until the end of the fiscal year. <br />Expenses are slightly higher than revenues at 19.1% of the total, overall budget. <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 after the first quarter is 88% as <br />compared to 95% in FY 16-17 and the average rate for dental for first quarter FY 17-18 <br />is 98% as compared to 104% in FY 16-17. <br /> <br />Dental Earned Revenue by Source: The FY 17-18 average monthly revenue <br />($42.9k/month) for the first quarter is very close to our budget projection ($43.4k/month) <br />and above our FY 16-17 average of $39.8k/month and is tied to our new, automated <br />patient reminder system, which has decreased the no show rate in the dental clinic from <br />an average of 19% in FY 16-17 to an average of 15% so far in FY 17-18. FY 17-18 <br />dental earned revenue totaled $129k at the end of the first quarter. <br /> <br />Medical Earned Revenue by Source: Medical earned revenue is currently below the <br />budgeted projection for FY 17-18 ($58k/month) at $48.2k/month since we have a <br />provider on maternity leave. Medical clinic revenue totals $145k for first quarter FY 17- <br />18.