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Agenda Item Number: ORANGE COUNTY BOARD OF HEALTH AGENDA ITEM SUMMARY Meeting Date: April 25, 2018 Agenda Item Subject: 3rd Quarter Financial Report FY 17-18 Attachment(s): 3rd Quarter Financial Report 3rd 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 FY18 after the third quarter is $211/month and totals $2.1M YTD, representing 61.2% of our overall budgeted revenue for the year. The total third quarter revenue is slightly skewed down due to the majority of state funds not eligible to be drawn in July (this is typical) but we are trending higher than we were at this time last fiscal year ($1.9M). Expenses are higher than revenues at 66.2% of the total, overall budget. 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 third quarter is 89% as compared to 96% in FY 16-17 and the average rate for dental for third quarter FY 17-18 is 101% as compared to 98% in FY 16-17. Dental Earned Revenue by Source: The FY 17-18 average monthly revenue ($40.9/month) for the third quarter is below our budget projection ($43.4k/month) but above our FY 16-17 average of $39.8k/month. FY 17-18 dental earned revenue totaled $381k at the end of the third quarter. Medical Earned Revenue by Source: Medical earned revenue is currently below the budgeted projection for FY 17-18 ($57.1k/month) at $51.6k/month since we had a provider on maternity leave until the end of December. Medical clinic revenue totals $469k for third quarter FY 17-18.