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 2019 YTD (Jul Dec) FY 2019 Budget FY 2019 Variance YTD OPERATING REVENUE: Inpatient Revenue 375,040,349 700,000,000 25,040,349 Outpatient Revenue 232,498,397 625,000,000 -30,001,603 TOTAL PATIENT SERVICES REVENUE 607,538,746 ,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 3,500,000 000,00 -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 24,012 Professional Fees 4,082,215 9,000,000 -417,785 Supplies 23,883,407 46,000,000 383,407 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 0 0 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 0 0 NET REVENUE OR (EXPENSE) 3,474, 134 8,000,00 -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 60,000,000 1,876,484 TOTAL PATIENT SERVICES REVENUE 23, 123,516 60,000,00 1,876,484 OPERATING EXPENSES Salaries and Wages 12, 157,632 23,000,00 657,632 Employee Benefits 3,040,408 5,750,000 65,408 Professional 250, 160 400,000 60, 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 05,000 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 ,986,065 NET REVENUE OR (EXPENSE) 689,951 9, 105,000 -3,862,549