Financial Summary April 30, 2014. Bob Baden Chief Financial Officer. Statistical Summary April 30, 2014. Curr YTD Budget Average Daily Census 24.7 23.9 23.0 Occupancy % 41% 40% 39% Discharges 191 196 199
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Chief Financial Officer
Current Assets $ 40,459,953 $39,297,930 $ 1,162,023
Assets whose use is limited $ 5,552,317 $ 5,572,053 $ (19,736)
Net property value $103,275,757$103,120,277$ 155,480
Total Assets $149,288,027 $147,990,260 $ 1,297,767
Liabilities & Fund Balances
Current liabilities $ 12,330,936 $ 12,798,989 $ (468,053)
Long term liabilities $102,827,379 $101,233,490 $ 1,593,889
Fund balances $ 34,129,712$ 33,957,781$ 171,931
Total liabilities & fund bal $ 149,288,027 $147,990,260 $ 1,297,767
April’s Inpatient Discharges decreased by 14% compared to March and fell short of budget by 4%. Inpatient Average Daily Census decreased slightly for same period to 24.7 and was 7% above budget. ALOS in April was 6% below budget. Outpatient activity at 3,772 visits was 5% above March and 10% above budget. The CCC average daily census rose to 103 in April and increased 102 from March.
Surgery cases at 211 declined by 9 compared to March and were 1% below budget. Endoscopy procedures at 153 were 22% above budget. LVMC had only 24 newborn deliveries in April or 38% below budget. ER visits totaled 1,760 (22 visits or 1% below budget).
April Pre-Audit Acute Financials show that Gross Revenue at $9.5M was above budget by nearly $1.4M or 17%. Inpatient Gross Revenue was $231K above budget and Outpatient Gross Revenue was $1.13 M above budget. Outpatient volume increases made our Contractual Discounts much higher causing our Net Patient Revenue to be low but above budget by $240K.
Government programs are the poorest outpatient payers and this month was no exception, as can be seen by the overages in Medicare and MediCal.
Other Finance Items: