Page 168 - Flipbook January Board

Robert Packer Hospital

Projection Based on YTD November 30,2018 Operating Results

Robert Packer Hospital
Projection Based on YTD November 30, 2018 Operating Results
Summary
Fav/(Unfav)
Variance
Projection vs
FY19 Projection FY19 Budget Budget
Patient Service Revenue Net of
Contractual and Other Allowances 378,816,224 377,436,442 1,379,782

Provision for Bad Debt 25,192,730 25,436,088 243,358

Other Operating Revenue 12,668,735 11,803,667 865,068
Total Operating Revenue 366,292,229 363,804,022 2,488,207

Expenses:
Salaries and Wages 84,336,947 89,908,803 5,571,856 A
Employee Benefits 22,979,915 21,262,623 (1,717,292)
Purchased Services 78,120,735 68,284,058 (9,836,677) A
Physician Fees 21,849,728 20,465,467 (1,384,261)
Supplies 49,559,967 48,409,327 (1,150,640)
Pharmaceuticals 37,620,043 29,305,557 (8,314,486) B
Insurance 2,646,154 2,646,154 -
Other Expenses 22,246,267 20,136,280 (2,109,987) C
Depreciation & Amortization 16,087,656 16,874,825 787,169
Interest Expense 3,873,686 3,873,362 (323)
Loss on Refinancing
Total Operating Expenses 339,321,097 321,166,456 (18,154,641)

Income/(Loss) from Operations 26,971,132 42,637,566 (15,666,434)

A - Net Salaries/Purchased Services variance of ($4.3M) due primarily to the Temporary Staff expense for
vacancies to support patient volumes.
B - Projection period additional expense for CTS $3.3M, change in 340B savings estimate $2.4M, change in
system targeted expense reduction $.2 and YTD November variance $2.4M results in ($8.3M) unfavorable
variance to FY19 Budget.
C - Other Expense variance of ($2.1M) due primarily to $1M of expense for Repair and Upkeep of buildings and
equipment, net of a targeted $.5M savings, and PAMA assessment expense of $.7M for change in methodology
(Other Operating Revenue offset).