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Agenda Item Number: ORANGE COUNTY BOARD OF HEALTH AGENDA ITEM SUMMARY Meeting Date: November 30, 2016 Agenda Item Subject: 1st Quarter Financial Report FY 16-17 Attachment(s): 1st Quarter Financial Report 1st Quarter Billing Dashboard Staff or Board Member Reporting: Kim Quatrone Purpose: ___ Action _X_ Information only ___ Information with possible action Summary Information: Total Health Department Revenue: Average YTD monthly revenue in FY17 after the first quarter is $193k/month or $579k YTD, representing 18.2% of our overall budgeted revenue for the year. The total first quarter revenue is slightly skewed down due to an error made by the central Finance Office. We are working to have this error fixed, which will bring our total revenue for the first quarter to $672k and 22% of our overall budgeted revenue. Expenses closely match 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 after the first quarter is 88% as compared to 92% in FY 15-16 and the average rate for dental for first 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 ($38k/month) for the first quarter is below our budget projection ($48k/month) our FY 15-16 average of $40k/month but is related to lower patient volume in August while the dental clinic was renovated. FY 16-17 dental revenue totaled $114k at the end of the first quarter. Medical Earned Revenue by Source: Medical earned revenue is currently slightly below the budgeted projection for FY 16-17 ($58k/month) at $56k/month. Medical clinic revenue totals $168k for first quarter FY 16-17.