BOH Agenda 082620 - Laserfiche WebLink

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Agenda Item Number: ORANGE COUNTY BOARD OF HEALTH AGENDA ITEM SUMMARY Meeting Date: August 26, 2020 Agenda Item Subject: 4th Quarter Financial Report FY 19-20 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 FY19-20 after the fourth quarter is $271 k/month or $3.31VI YTD, representing 91.8% of our overall budgeted revenue for the year compared to last year, which was 91.6%. Expenses are above revenues, at 92% of the overall budget. This shows how well staff did in reducing expenditures in order to match decreased revenues during office closures. Additional state and federal funding to offset revenue shortages and support the pandemic response contributed to an almost equal percent of overall revenue received of what was budgeted to the prior fiscal year. 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 ($39k/month) for the fourth quarter is below our budget projection ($45k/month) and our FY 18-19 average of $46.6k/month. As anticipated, the dental clinic saw a more immediate, negative impact on revenues than the medical clinics as a result of the severely decreased operations and very limited appointments. We began seeing more patients in June when PPE was more readily available, which led to slightly higher than anticipated revenue totals for that time period. FY 19-20 dental earned revenue totaled $468k at the end of the fourth quarter compared to $559k at the end of the FY 18-19 fourth quarter.