university of illinois medical center
Download
Skip this Video
Download Presentation
University of Illinois Medical Center

Loading in 2 Seconds...

play fullscreen
1 / 30

University of Illinois Medical Center - PowerPoint PPT Presentation


  • 65 Views
  • Uploaded on

University of Illinois Medical Center. Financial Performance FY03 Budget FY04. September 11, 2003. Operating Income (Millions). Bottom Line – Excess Revenues over Expenses (Millions).

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about 'University of Illinois Medical Center' - benny


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
university of illinois medical center

University of Illinois Medical Center

Financial Performance FY03

Budget FY04

September 11, 2003

slide7
Fiscal Year-End Days in Accounts Receivable2002 Midwest Average (Blue line), 2002 Urban Average (Black line)

Source: Hara Report

ftes and ftes per adjusted occupied bed ftes adj bars ftes aob blue diamonds trend black line
FTEs and FTEs per Adjusted Occupied Bed FTEs (adj) (Bars), FTEs/AOB (Blue Diamonds), Trend (Black Line)
slide14
Total SalaryTotal Salary per Adjusted Patient Day (Bars) UHC Best Quartile (Dashed Line) MCGs 15 Best Quartile (Blue Line)

UHC-University HealthSystem Consortium benchmark, MCG 15-Master Compare Group HBSI benchmark

salary per fte salary per fte bars uhc best quartile dashed line mcgs 15 best quartile blue line
Salary per FTESalary per FTE (Bars) UHC Best Quartile (Dashed Line) MCGs 15 Best Quartile (Blue Line)

UHC-University HealthSystem Consortium benchmark, MCG 15-Master Compare Group HBSI benchmark

slide17
Supply CostSupply Cost per Adjusted Patient Day (Bars) UHC Best Quartile (Dashed Line) MCGs 15 Best Quartile (Blue Line)

UHC-University HealthSystem Consortium benchmark, MCG 15-Master Compare Group HBSI benchmark

slide18
CostCost per Adjusted Patient Day (Bars) UHC Best Quartile (Dashed Line) MCGs 15 Best Quartile (Blue Line)

UHC-University HealthSystem Consortium benchmark, MCG 15-Master Compare Group HBSI benchmark

summary of results
Summary of Results
  • Increased volume
  • Increased net revenue
  • Cost increases
budget targets for fy04
Budget Targets for FY04
  • Positive operating margin
  • Improve cash position
  • Fund critical infrastructure needs
key elements of budget volume and revenue
Key Elements of Budget(Volume and Revenue)
  • Inpatient volume - flat
  • Outpatient volume increase 1.5%
  • Charge rate increase 5%
  • Medicaid increase 5%
  • State appropriation unchanged
  • Improved manage care
  • Continue revenue cycle improvement
  • Convert 5 Psych Research beds to inpatient Psych beds
key elements of budget expense
Key Elements of Budget(Expense)
  • 3% salary increase plus contractual requirements
  • 4.6% supply increase
  • Bad debt increase from FY03 (3.8% vs. 3.1%) but below FY02 of 5.2% (MCHC first quarter 2003 average 4.2%)
expense control initiatives
Expense Control Initiatives
  • Supply chain
  • Operating Room supplies and equipment
  • Overtime
  • FTE creep
  • Pay structure
key elements of cash goal
Key Elements of Cash Goal
  • Profitability
  • Reduce A/R days
  • Reduce inventory
  • Control capital spending
environment
Environment
  • NMH: New women’s hospital
  • Stroger Cook County Hospital: new facility
  • Rush: Major building program
  • WSVA: New hospital planned
  • Michael Reese Hospital: may emerge from bankruptcy
  • Mercy Hospital: $50 million cash infusion
  • Medicare/Medicaid: continuing budget pressure
  • Commercial insurers: employers pushing back on large premium increases
summary
Summary

Important Factors

  • Maintain volume
  • Control expenses
      • Supplies
      • Salaries
  • Improve revenue cycle
  • Large unmet capital needs
ad