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Agenda Item Number: ORANGE COUNTY BOARD OF HEALTH AGENDA ITEM SUMMARY Meeting Date: August 22, 2018 Agenda Item Subject: 4th Quarter Financial Report FY 17-18 Attachment(s): 4th Quarter Financial Report 4th Quarter Billing Dashboard Staff or Board Member Reporting: Rebecca Crawford Purpose: ___ Action _X_ Information only ___ Information with possible action Summary Information: Total Health Department Budget vs. Actuals: Average YTD monthly revenue in FY18 after the fourth quarter is $276/month or $3.5 million for the entire fiscal year, representing 98.5% of our overall budgeted revenue for the year. This is an increase of ~$600k over FY 16-17. Expenses were lower than revenues at 94% of the total overall budget due to multiple contracts that crossed into the beginning of FY 18-19 and will be spent out by August 2018, which was $9.8 million compared to year end FY 16-17, which was $9.2 million. Total Billing Accuracy: Continuing with the goal of 90% billing accuracy set in FY 14- 15, the average billing accuracy rate for medical for FY 17-18 was 91% as compared to the year-end average of 96% in FY 16-17. The average billing accuracy rate for dental for FY 17-18 was 101% as compared to 100% in FY 16-17. Dental Earned Revenue by Source: The FY 17-18 average monthly revenue ($42.5/month) for the fourth quarter is below our budget projection ($43.4k/month) but above our FY 16-17 average of $39.8/month. FY 17-18 dental earned revenue totaled $511k at the end of the fiscal year, compared to $478k at the end of FY 16-17. Medical Earned Revenue by Source: Medical earned revenue for the fiscal year was below the budgeted projection for FY 17-18 ($686k) at $609k since we had a provider on maternity leave until the end of December, provider turnover at the end of the fiscal year, and reduced appointments available to allow for Epic preparation.