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Berkshire Hospital Case Study

396 Words2 Pages

Operating Results – In June, NLHA generated a consolidated loss from operations of $4k compared to a budgeted loss of $28k. That brought YTD operating performance to a loss of $1.1 million versus a budgeted YTD gain of $41k. Non-operating revenue was $115k compared to a budget of $83k. YTD non-operating revenue was $861k compared to a budget of $1 million. Net Gain – The combination of the operating loss and the non-operating gain produced a net gain of $111k compared to a budgeted gain of $56k. YTD operating and non-operating losses are $273k compared to a budgeted gain of $1.04 million. Gross Revenue –June’s consolidated gross revenue was $195k over budget, bringing the YTD gross revenue to $934k over budget. The Hospital was $466k over budget for the month. Strong over budget variances in the Hospital came from Radiology ($159k), Cardiology ($93k) and the Lab ($85k). The Medical Group’s June gross revenue approximated budget, with continued strong performance in New London Orthopedics. The Clough Center’s gross revenue was $225k under budget due to the continued decline in the average daily …show more content…

Salary expense was $57k over in June and $918k over budget YTD, for the most part due to revenue-generating positions added during the year and partially due to the market value adjustments added earlier in the year. The market value adjustments led to Purchased Services savings. Purchased Services showed an YTD decrease of $424k, with a continued favorable trend expected in FY17. Benefits were $151k over for the month and $132k over YTD, primarily the result of three covered members at or approaching the stop-loss level. Chargeable supplies were $141k over budget for June, a by-product of strong Orthopedic volumes in the OR. The Medicaid Enhancement Tax finished the year $308k over budget due to higher taxable revenue than

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