BOH Agenda 042220 - Laserfiche WebLink

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Agenda Item Number: ORANGE COUNTY BOARD OF HEALTH AGENDA ITEM SUMMARY Meeting Date: April 22, 2020 Agenda Item Subject: 3rd Quarter Financial Report FY 19-20 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 Budget vs. Actuals: Average YTD monthly revenue in FY19-20 after the third quarter is $220k/month or $2.OM YTD, representing 56.3% of our overall budgeted revenue for the year. As usual though, the total third quarter revenue is skewed down due to the majority of state funds not eligible to be drawn in July (this is typical) and allocations of Medicaid Max funds will not be transferred into our budget until the end of the fiscal year. Expenses are above revenues, at 62.7% of the overall budget but on trend with prior fiscal years. Total Billing Accuracy: The medical and dental billing accuracy measure continues to be a challenge as we work with UNC and the Dental EHR, Eaglesoft, to improve the accuracy of the reporting system for Health Department revenue and is not included in this quarter's dashboard. Dental Earned Revenue by Source: The FY 19-20 average monthly revenue ($49.4k/month) for the third quarter is above our budget projection ($45k/month) and our FY 18-19 average of $46.6k/month. We are seeing the direct impact of adding the additional Dental Hygienist in FY 18-19 and will potentially exceed our projected annual revenue related to this position ($72,157) since the dental clinic is fully staffed. The dental clinic will most likely see a more immediate, negative impact on revenues than the medical clinics as a result of the severely decreased operations and very limited appointments. FY 19-20 dental earned revenue totaled $445k at the end of the third quarter compared to $393k at the end of the FY 18-19 third quarter.