Provides the revenue and expenses through the current month of the current year

Estimates the revenue and expenses for the rest of the current fiscal year based on the assumptions provided:

The hospital has to cut operating expenses by 5 percent for next fiscal year

hoping for about a 5% increase on the revenue side for FY 19

There was supposed to be $1.2 billion in total patient revenue. But in half the year, we've only hit just over $607 million.

By this point in the year, we should be over $612 million.

In terms of total patient revenue, There is a a deficit of nearly $5 million that was not expected. The problem is made worse because the other operating revenue is also under budget by $1.5 million.

FY 2018 YTD (Jul - Dec) FY 2018 Budget FY 2018 Variance YTD

OPERATING REVENUE:

Inpatient Revenue $375,040,349 $700,000,000 $25,040,349

Outpatient Revenue $232,498,397 $525,000,000 $ (30,001,603 TOTAL PATIENT SERVICES REVENUE$607,538,746 $1,225,000,000 $(4,961,254)

DEDUCTIONS FROM REVENUE:

Contractual Adjustments $476,543,215 $950,000,000 $1,543,215

Charity and Uncompensated Care $6,725,412 $14,000,000 $(274,588)

TOTAL DEDUCTIONS FROM REVENUE $483,268,627 $964,000,000 $1,268,627

NET PATIENT SERVICE REVENUE $124,270,119 $261,000,000 $(6,229,881)

OTHER OPERATING REVENUE

Other Operating Revenue $3,500,000 $10,000,000 $(1,500,000)

TOTAL OPERATING REVENUE $127,770,119 $271,000,000 $(7,729,881)

OPERATING EXPENSES

Salaries and Wages $42,932,230 $88,000,000 $(1,067,770)

Employee Benefits $12,624,012 $25,000,000 $124,012

Professional Fees $4,082,215 $9,000,000 $(417,785)

Supplies $23,883,407 $46,000,000 $883,407

Purchased Services - Utilities $1,632,191 $3,000,000 $132,191

Purchased Services - Other $11,536,320 $22,000,000 $536,320

Depreciation $8,455,254 $17,000,000 $(44,746)

Rentals and Leases $2,252,670 $4,000,000 $252,670

Insurance $2,715,378 $5,000,000 $215,378

License and Taxes $7,992,144 $18,000,000 $(1,007,856)

Interest $8,393,790 $18,000,000 $(606,210)

Provision For Bad Debts $- $- $-

Other Direct Expenses $4,744,642 $8,000,000 $744,642

TOTAL OPERATING EXPENSES $131,244,253 $263,000,000 $(255,747)

NET OPERATING REVENUE $(3,474,134) $8,000,000 $(7,474,134)

NET REVENUE BEFORE ITEMS LISTED BELOW $(3,474,134) $8,000,000 $(7,474,134)

EXTRAORDINARY ITEM $- $- $-

NET REVENUE OR (EXPENSE) $(3,474,134) $8,000,000 $(7,474,134)

Med/Surg Department Budget

FY 2019 YTD (Jul - Dec) FY 2019 Budget FY 2019 Variance TYD

OPERATING REVENUE:

Inpatient Revenue $23,123,516 $50,000,000 $(1,876,484)

TOTAL PATIENT SERVICES REVENUE $23,123,516 $50,000,000 $(1,876,484)

OPERATING EXPENSES

Salaries and Wages $12,157,632 $23,000,000 $657,632

Employee Benefits $3,040,408 $5,750,000 $165,408

Professional Fees $250,160 $400,000 $50,160

Supplies $5,883,497 $10,000,000 $883,497

Purchased Services - Utilities $27,456 $50,000 $2,456

Purchased Services - Other $23,484 $50,000 $(1,516)

Insurance $57,315 $105,000 $4,815

License and Taxes $21,456 $40,000 $1,456

Other Direct Expenses $972,157 $1,500,000 $222,157

TOTAL OPERATING EXPENSES $22,433,565 $40,895,000 $1,986,065

NET REVENUE OR (EXPENSE) $689,951 $9,105,000 $(3,862,549)