CAH Metrics and Financial Measures
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1 acumen CAH Metrics and Financial Measures Presented by Ann King White, CPA BKD, LLP August 5, 2015 AZ Rural Flex Program 2015 Performance Improvement Summit
2 Financial Indicators and Comparison Benchmarks 1. Profitability 2. Revenue 3. Liquidity 4. Capital Structure 5. Operational Measures acumen
3 acumen Profitability
4 acumen Profitability
5 Goals for Profitability acumen Hospitals need to look for ways to be v More Efficient v Cost Effective In the delivery of Services
6 Financial Pressures Reduce Costs acumen Quality of Care and Compliance Issues
7 AZ CAHs Profitability acumen AZ Flex Program Monitoring Team Survey 2013 v 6 CAHs were profitable (Range $200,000 to $3.9M) v 7 CAHs had Net Profit Losses (Range $300,000 to $2.4M) Cost Report data (6/30/2014 & 12/31/2013) v 7 CAHs were profitable (Range $800,000 to $4M) v 4 CAHs had Net Profit Losses (Range $500,000 to $6M)
8 Total Margin % (Median) acumen
9 EBIDA Margin % (Median) acumen
10 acumen Revenue
11 acumen
12 acumen 12
13 acumen Improve Revenue Realization Analyze charge payer % s by procedure Restructure charges to take advantage of procedures with higher % of charge payers Update the hospital s Charge Description Master (CDM)
14 acumen Take a closer look at Medicare Payments Re-examine that all Medicare payments are correct Verify the relationship between coding and payments
15 How Do Your Third Party Payers pay... Depends on the payer and services provided to the patient acumen v Fee for service v Fixed payments v Payments based on Medicare methodology v Contracts with payer AUDIT these payments
16 AZ CAHs Revenue acumen AZ Flex Program Monitoring Team Survey 2012 v Outpatient revenue to Total Revenue Range from 70.9% to 93.3% v Major source of outpatient revenue was from RHC Clinics Cost Report data (6/30/2014 & 12/31/2013) v Outpatient revenue to Total Revenue Range from 56% to 98% v Median for AZ hospitals was78%
17 acumen Outpatient Revenue to Total %
18 Acute Medicare Utilization acumen
19 Acute Medicaid Utilization acumen
20 acumen Outpatient Medicare Utilization
21 Medicare Bad Debts CAH bad debt reimbursement reduced to: v 88% for periods beginning on or after 10/1/12 v 76% for periods beginning on or after 10/1/13 v 65% for all periods beginning on or after 10/1/14
22 Medicare Bad Debts (Extra Cash?) AZ CAH Averages for Inpatient v Deductibles & Co-Insurance $117,000 v Average Bad Debts $8,000 or 7% v 2 out of 12 had NO Inpatient Bad Debts AZ CAH Averages for Outpatient v Deductibles & Co-Insurance $925,000 v Average Bad Debts $48,000 or 5% v 6 out of 12 had NO Outpatient Bad Debts (? Grouped with Inpatient)
23 acumen Liquidity Cash is still King
24 AZ CAHs Liquidity acumen AZ Flex Program Monitoring Team Survey 2012 v Current Ratio range from 0.8% to 6.8% v Days Cash on Hand range from.01 to Days v Net Days in Accounts Receivable range from 9.7 to 64.1 Days
25 acumen Current Ratio (Median)
26 Days Cash on Hand Including Investments acumen
27 Net Days in Accounts Receivable acumen
28 acumen Capital Structure
29 Debt to Capitalization (%) acumen
30 Debt Financing A word of caution acumen v Typical financing structures (i.e. long-term revenue bonds) for major facility improvements can generate strong cash flow in early years but could have insufficient cash flow to make the payments in later years v CHA cost reimbursement higher in early years from Depreciation and Interest v Important to understand your forecast model
31 Total Liabilities & Debt to Total Assets acumen
32 Net Assets (Equity) to Total Assets acumen
33 Operational Measures acumen
34 Average Daily Census Acute Beds & Swing Beds acumen
35 acumen Department Opportunities
36 Outpatient Medicare Utilization Top Departments (Median) Department, Median Charges & Cost/Charge Ratio v Radiology -- $1.9M -- 21% v Emergency -- $1.2M -- 37% v Laboratory -- $1.2M -- 27% v Drugs -- $560, % v PT -- $330, % v OR -- $300, %
37 Prepare for the Future Fine tune operations v Revenue Cycle v Medicare Cash Flow v Staffing Levels v Adequate Medical Staff v Evaluate & consider eliminating unprofitable services, carefully evaluate new services
38 Thank You Contact Information Ann King White, CPA Denver, CO
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