Page 10 - This Month at Sansum Clinic – June 2021

Financial Update
Revenues for the first quarter of 2021 came in lower than we anticipated because many patients decided to stay home when the second surge of COVID-19 cases struck in January and February. Since then, we have seen revenue continue to increase as patient volumes have returned to normal. We expect our second quarter revenue to be steadier since COVID-19 cases in our community continue to decline.
Sansum’s Money Matters WITH TRACY KERN, CONTROLLER
To ensure our Sansum team gets what is due to them for any driving done on behalf of the Clinic, its time for a refresher on
how you calculate and request your mileage reimbursement.
The rules and requirements for Sansum Clinic’s mileage reimbursement policy are dictated by the IRS. The amount reimbursed per mile is updated by the IRS every year and is intended to compensate you for both
the cost of fuel and wear and tear on your vehicle. The most
basic tenant of the IRS’s reimbursement policy, is that Sansum cannot reimburse any employee for their normal daily commute. That rule determines the calculation for mileage reimbursement.
WHAT’S THE MATH?
l1 Calculate your normal daily commute (your trip from your home to your assigned location and back home again.)
l2 Calculate the TOTAL mileage you incurred on the day you did additional driving for the clinic from the when you left for work to each of your destinations (excluding personal driving for lunch, errands, etc.)
l3 Subtract your daily commute total from your special drive day total. l4 The net amount is the mileage due to you.
Calculating your mileage this way ensures you get credit for every extra mile you drove.
But someone told me to use the round trip mileage from my regular Clinic location to the alternate location I drove to!
That ONLY works if you drove to your regular location first, then you drive to your alternate location, then you drive back to your regular location, THEN you drive home. So, it’s always better to calculate your mileage for the day and subtract out your regular commute. That works EVERY time!
Revenue and Expense Summary FOR THE 3 MONTHS ENDED MARCH 31, 2021
OPERATING REVENUE Medical Service Revenue Non-Patient Revenue
TOTAL OPERATING REVENUE
OPERATING EXPENSES FIXED EXPENSES
OPERATING PROFIT (LOSS)
Margin %
Current Year
$79,411 2,738
$82,149
$83,728 2,168
$3,748
-4.56%
2021 Fav Fav Budget (Unvav) (Unvav)
Prior Fav Year (Unfav)
$78,797 1% 2,248 22%
$81,045 1%
$87,185 4% 2,102 -3%
$ (8,241) 55%
-10.17%
$86,223 $(6,812) 1,825 913
$88,049 $(5,900)
$86,288 $2,559 2,178 9
$ (416) $ (3,331)
-0.47% -4.09%
-8% 50%
-7%
3% 0%
0%
Tracy Kern
Total Medical Services Revenue 2021 IN $1,000’S
$30,000 $25,000 $20,000 $15,000 $10,000
$5,000 $0
Feb $25,204 $27,797
Mar $29,708 $30,630
Jan Actual $24,499
Budget
$27,797
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This Month at Sansum Clinic - June 2021