Orange County NC Website
<br /> <br />Agenda Item Number: <br /> <br />ORANGE COUNTY BOARD OF HEALTH <br />AGENDA ITEM SUMMARY <br /> <br />Meeting Date: May 25, 2016 <br /> <br />Agenda Item Subject: 3rd Quarter Financial Report FY 15-16 <br /> <br />Attachment(s): 3rd Quarter Financial Report <br /> 3rd 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 FY16 after the <br />3rd Quarter is $230k/month or $2.8 million YTD, representing 70.6% of our overall <br />budgeted revenue for the year. This is an increase from an average of $218k/month in <br />FY15. Expenses were slightly lower than revenues at 67.8%. <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 three quarters of the way through FY <br />15-16 is 86% as compared to 92% in FY 14-15 and the average rate for dental for FY <br />15-16 is 93% as compared to 94% in FY 14-15. <br /> <br />Dental Earned Revenue by Source: The FY 15-16 average monthly revenue <br />($40k/month) is slightly below our budget projection ($45k/month) but still above our FY <br />14-15 average of $36k/month. FY 15-16 dental revenue totaled $483k at the end of the <br />third quarter. Dental earned revenue will most likely continue to increase each month as <br />our new dentist adds more clients to her schedule. <br /> <br />Medical Earned Revenue by Source: Medical earned revenue is currently below the <br />budgeted projection for FY 15-16. The monthly average after the third quarter <br />($46k/month) is lower than FY15 ($50k/y) and our budget projection ($50k/month). This <br />was mainly due to holding Maternal Health encounters for Global Billing (billing multiple <br />encounters at the end of the pregnancy) and holding multiple program encounters until <br />we come to a resolution with Medicaid of an acceptable method to bill same day <br />appointments, which we resolved in late December. March and April showed monthly