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Agenda Item Number: ORANGE COUNTY BOARD OF HEALTH AGENDA ITEM SUMMARY Meeting Date: November 18, 2015 Agenda Item Subject: 1st Quarter Financial Report FY 15-16 Attachment(s): 1st Quarter Financial Report 1st 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 FY16 after the 1st Quarter is $204k/month or $593k YTD, representing 22% of our overall budgeted revenue for the year. This is a slight decrease from an average of $205k/month in FY15. Expenses were in line with revenues at 21%. Total Billing Accuracy: Continuing with the goal of 90% billing accuracy set in FY 14- 15, the average billing accuracy rate for medical at the beginning of FY 15-16 is 88% as compared to 91% in FY 14-15 and the average rate for dental for FY 15-16 is 95% as compared to 96% in FY 14-15. Dental Earned Revenue by Source: FY 15-16 average monthly revenue ($41k/month) is slightly below our budget projection ($46k/month) but still above our FY 14-15 average of $35k/month. FY 15-16 dental revenue totaled $119k at the end of the first quarter. Dental earned revenue is historically lower in the first quarter of the fiscal year than in other quarters. Medical Earned Revenue by Source: Medical earned revenue is currently below the budgeted projection for FY 15-16. The monthly average after the first quarter ($44k/month) is lower than FY15 ($50k/y) and our budget projection ($51k/month). This is mainly due to holding Maternal Health encounters for Global Billing (billing multiple encounters at the end of the pregnancy) and holding multiple program encounters until we come to a resolution with Medicaid of an acceptable method to bill same day appointments. We anticipate a solution by December 2015.