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<br /> <br />Agenda Item Number: <br /> <br />ORANGE COUNTY BOARD OF HEALTH <br />AGENDA ITEM SUMMARY <br /> <br />Meeting Date: October 24, 2018 <br /> <br />Agenda Item Subject: 1st Quarter Financial Report FY 18-19 <br /> <br />Attachment(s): 1st Quarter Financial Report <br /> 1st 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 FY19 after the <br />first quarter is $157k/month or $471k YTD, representing 13.6% of our overall budgeted <br />revenue for the year. Multiple factors contribute to the lower than normal revenue: <br />Electronic Medical Record (EMR) change to Epic, provider on maternity leave in Dental, <br />and departmental closures due to hurricane Florence. As usual though, the total first <br />quarter revenue is also skewed down due to the majority of state funds not eligible to be <br />drawn in July (this is typical) and allocations of Medicaid Max funds will not be <br />transferred into our budget until the end of the fiscal year. Expenses are higher than <br />revenues, but on trend, at 20.5% of the total, overall budget. <br /> <br />Total Billing Accuracy: Billing Accuracy is under construction due to the change in <br />EMR. The Informatics team is working diligently to have this measure for both medical <br />and dental back by the second quarter financial report. <br /> <br />Dental Earned Revenue by Source: The FY 18-19 average monthly revenue <br />($39.5k/month) for the first quarter is below our budget projection ($45k/month) and our <br />FY 17-18 average of $42.6k/month due to having a dentist on maternity leave. Also, we <br />projected and budgeted to receive a higher level of revenue for FY 18-19 than in FY 17- <br />18 because of the additional Dental Hygienist we received for this fiscal year. Our new <br />Hygienist was hired mid-quarter so we will not begin seeing increased revenues until <br />second quarter. FY 18-19 dental earned revenue totaled $118k at the end of the first <br />quarter. <br />