UWMC FY17 FINANCIAL PERFORMANCE. April 24, 2017
|
|
- Emil Kelley
- 5 years ago
- Views:
Transcription
1 UWMC FY17 FINANCIAL PERFORMANCE April 24, 2017
2 FY17 RESULTS THROUGH FEBRUARY UWMC has experienced significant financial losses YTD through February. Pressure from governmental as well as commercial payers Expenses are increasing at a rate that isn t sustainable. This is not exclusive to UWMC. Happening to all health care organizations. At a high level: To date through February 2017, UWMC has incurred a loss of approximately $34.0 million, which is negative when compared to budget by $35.5m. Two primary drivers of the negative performance are as follows: $14.9m of negative variance related to net patient services revenue $17.8m of negative variance related to labor expenses. 2
3 UWMCKEY PERFORMANCE INDICATORS FEBRUARY YTD FY 2017 KPI YEAR TO DATE Through February, admissions were right on budget. OR IP cases were strong as were ED visits. Births have lagged behind budget all year ACTUAL BUDGET % VAR PRIOR YR Admissions 12,473 12, % 11,993 Observation Stays 1,363 1, % 1,577 Patient Days 87,978 90, % 88,176 Length Of Stay % 7.35 Case Mix Index % 2.22 Occupancy 79% 82% -2.9% 83% OR Inpatient Cases 4,457 4, % 4,165 OR Outpatient Cases 6,170 6, % 6,239 Emergency Dept. Visits 18,204 17, % 17,369 Births 1,291 1, % 1,297 Primary Care Visits 38,759 38, % 38,664 Specialty Care Visits 181, , % 168,023
4 UWMCKEY PERFORMANCE INDICATORS FEBRUARY YTD FY 2017 FTEs on a YTD basis remain unfavorable to budget. On a YTD basis, the blended deduct rate is unfavorable to budget despite commercial payer mix being at budgeted levels. This is caused by rate degradation within commercial. KPI YEAR TO DATE ACTUAL BUDGET % VAR PRIOR YR Total Op Rev/CMI Adjusted Admission $15,675 $16, % $15,929 Total Op Exp/CMI Adjusted Admission $15,806 $15, % $15,901 FTEs 4,497 4, % 4,408 FTE/CMI Adjusted Admission % 0.76 Blended Deduction Rate 57.5% 56.1% 2.4% 55.8% Payer Mix - Medicare 34.3% 33.8% 1.5% 34.0% Payer Mix - Medicaid 17.8% 18.8% -5.3% 19.0% Payer Mix - Commercial 44.1% 44.0% 0.2% 43.5% Payer Mix - Exchange (HIX) 2.7% 2.4% 12.5% 2.4% Payer Mix - Self-Pay 1.1% 1.0% 10.0% 1.1%
5 UWMC REVENUE AND EXPENSE SUMMARY FEBRUARY YTD FY 2017 YEAR TO DATE (In 000's) Actual Budget Variance Prior Year Total Patient Service Revenue $1,741,179 $1,721,439 $19,740 $1,597,671 Total Deductions from Revenue 1,000, ,286 34, ,583 Net Patient Service Revenue $740,231 $755,153 ($14,922) $706,088 Net Revenue variance YTD despite strong volumes. Labor expenses driving majority of expense variance Other Operating Revenue 37,795 36,517 1,278 36,709 Total Operating Revenue $778,026 $791,670 ($13,644) $742,797 Labor Expense $330,610 $312,793 $17,817 $315,745 SoM Faculty Funding 53,636 51,881 1,755 46,245 Medical Supplies 167, ,476 (3,701) 165,328 IT Services 47,045 47,260 (215) 41,977 Other Purchased Services 125, ,890 7, ,009 Other Non Labor Expense 25,144 25,371 (227) 27,509 Depreciation 35,158 36,200 (1,042) 32,680 Total Operating Expense $784,567 $762,871 $21,696 $741,493 Operating Income (Loss) ($6,541) $28,799 ($35,340) $1,304 Non-Operating Income (Expense) (35,860) (34,479) (1,381) (30,302) Equity Earnings from Investment in SCCA 8,347 7,175 1,172 7,039 Total Non-Operating Income (Expense) ($27,513) ($27,304) ($209) ($23,263) Net Income (Loss) ($34,054) $1,495 ($35,549) ($21,959)
6 UWMCMONTHLY INCOME FEBRUARY 2017 (in 000 s) $10,000 $7,000 $4,000 $1,000 -$2,000 -$5,000 -$8,000 -$11,000 Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun FY $2,569 -$6,370 -$1,618 $4,487 -$2,840 $147 -$8,108 -$5,089 -$235 -$5,646 -$1,728 -$2,735 FY $7,895 $1,890 -$10,284 -$3,690 -$4,621 $2,051 -$1,774 -$9,731 FY 2017 Budget -$3,288 $1,253 -$217 $4,352 -$2,644 $4,339 $605 -$2,905 $5,328 $1,416 $4,619 $5,473
7 UWMC CASH BALANCES BY CATEGORY JUNE 2015, JUNE 2016 AND FEBRUARY /30/2015 6/30/2016 2/28/2017 (In 000's) Audited Audited Unaudited Operating Cash Balance $ 10,201 $ 24,973 $ 25,980 Board Designated Funds 245, , ,885 Unrestricted Cash and Investments $ 255,688 $ 267,361 $ 180,865 Donor Restricted Assets 2,098 2,014 2,057 Restricted Cash and Investments $ 2,098 $ 2,014 $ 2,057 Total Cash $257,786 $269,375 $182,922 Unrestricted Days Cash on Hand Debt Covenant Requirement Moody's "A" Rated Note: CPE Hold Harmless settlement: $12.5M Days Unrestricted Cash without CPE Hold Harmless settlement: 55
8 FY18 BUDGET
9 TOUGH TIMES IN HEALTHCARE 9
10 THE NEED TO GENERATE POSITIVE MARGINS The long-term success and stability of any healthcare organization depends, in large measure, upon its ability to create sufficient capital (cash) resources to invest in the following: Staff New technology, buildings and replacement equipment Strategic initiatives that will lead to a sustainable competitive advantage. A positive operating margin is essential to cash generation and also the ability to access capital for strategic investments. No Margin, No Mission 10
11 FY18 KEY BUDGET ASSUMPTIONS Modest growth in volumes (except for strategic growth areas) Net revenue assumptions include the following: o Limited realization of price increases in commercial net revenue but none from other payers due to constraints on reimbursement o A reduction in outpatient facility fees from all payers, particularly for clinic services, certain surgical procedures, infusion services and other outpatient services o Reduction in the payment rate from commercial insurers as we see migration from more profitable commercial plans to less profitable plans. The impact of this for some plans is upwards of a 20% differential in the rates we are paid by the insurance companies. o Reductions from governmental payers across the board. Overall we are estimating a decrease in our reimbursement rate when compared to the current year. Status quo will continue to generate losses at the Medical Center. 11
12 FY18 KEY BUDGET ASSUMPTIONS (CONT D) In January, all areas within UW Medicine were asked by Dr. Paul Ramsey to model budget reductions in expenses of 2%, 4% and 6% from FY17 budgeted levels. Even at the 6% level, we will likely need to revisit and reduce further. Salary and non-salary expense inflation of 0% to 4% to account for state mandated and contractual increases, benefit load changes, etc. Pharmacy drug cost inflation of 8% IT operating expenses were reduced over the FY17 budgeted amount. Cash levels have dropped over the current year and margins must be generated so we can invest in our strategic priorities and replace capital equipment in the future. No new significant debt is anticipated; UWMC Phase II Expansion is continuing and was previously approved 12
13 SALARY IMPACT PUT IN NUMBERS OUR STAFF CAN RELATE TO FY17 FY18 Salary $75,000 $75,000 Benefits $28,425 $30,075 Total Compensation $103,425 $105,075 Benefit Load Rate 37.9% 40.1% Above illustrates the impact of the increasing costs of benefits to UWMC. Without any salary increase, the average total compensation for one RN2 is estimate to increase by $1,650 from FY17 to FY18. At a high level, the impact of these increasing benefits, without any salary increaseto all UWMC employees results in an additional $7.5m in expense for FY18. With a salary increase greater than 0%, this impact increases as the benefit load factor is applied to salary, including premium and overtime pay.
14 UWMC BUDGET HIGHLIGHTS FY18 FY17 Annualized Budget Target Net Income ($51.0) M $32.0 M Total Margin -4.4% 2.6% The variance between the current year annualized results and our budget target for next year is $83M Given the current financial results at UWMC, balancing the budget for FY18 will require significant assumptions beyond simply applying volume growth and inflation assumptions Programmatic initiatives eliminating and/or restructuring of certain programs Salary and FTE reductions through attrition, targeted reductions in force and revisions to labor mix in some areas Non-labor efficiencies Improved access for tertiary and quaternary referrals Achievement of the FY18 budget is dependent on system wide support of these initiatives 14
15 IN CONCLUSION We are currently in a time in our industry that is on a rapid course of change. We have experienced significant pressure on our margins and the arrival of a new competitor in the Pacific Northwest is going to continue to make our work challenging. Our ability to successfully maneuver through this rapid change is dependent on fresh new approaches on how we do our work specifically those related to cost reductions, standardization and efficiencies. We can do this, but we all need to work together.
16 QUESTIONS?
Approve Financial Stability Plan (aka Project FIT) for UW Medicine
STANDING COMMITTEES F 5 Finance and Asset Management Committee Approve Financial Stability Plan (aka Project FIT) for UW Medicine RECOMMENDED ACTION It is the recommendation of the administration and the
More informationBoard of Directors October 2018 and YTD Financial Report
Board of Directors October 2018 and YTD Financial Report Consolidated Financial Results Operating Margin October ($30,262) $129,301 ($159,563) Year-to-date $292,283 $931,358 ($639,076) Excess of Revenue
More informationSUMMARY OF OPERATING RESULTS DECEMBER UWHC Finance Committee & Authority Board
SUMMARY OF OPERATING RESULTS DECEMBER 20 UWHC Finance Committee & Authority Board Adult Admissions,679,263,263 2,039 1,932 1,929 December 20 2014 YTD 2 Pediatrics Admissions 1,781 1,799 1,776 257 280 274
More informationCook County Health and Hospitals System. Financial Statements for the Month Ended June 30, 2010
Cook County Health and s System Financial Statements for the Month Ended June 30, 2010 As of August 10, 2010 Page 1 of 10 Page 1 of 17 Index 1. Mission Statement 2. Attestation Statement 3. Management
More informationPUBLIC HOSPITAL DISTRICT NO. 1 OF KING COUNTY, WASHINGTON, DBA VALLEY MEDICAL CENTER (A Component Unit of the University of Washington)
Financial Statements (With Independent Auditors Report Thereon) Table of Contents Page(s) Independent Auditors Report 1 2 Management s Discussion and Analysis (Unaudited) 3 21 Basic Financial Statements:
More informationFinancial Report As of June 30, 2017
Financial Report As of Adventist HealthCare Financial Highlights For Period Ended June 30,2017 PROFITABILITY SUMMARY (in thousands) Month Year-to-Date Prior Year Budget Actual Entities Actual Budget Prior
More informationR o l l i n g F o r e c a s t i n g :
R o l l i n g F o r e c a s t i n g : A S t r a t e g y f o r E f f e c t i v e F i n a n c i a l M a n a g e m e n t Debra Miller Vice President Client Success January 22, 2016 Discussion Topics Overview
More informationCook County Health & Hospitals System. Finance Committee Meeting November Ekerete Akpan CFO
Cook County Health & Hospitals System Finance Committee Meeting November 2018 Ekerete Akpan CFO 1 Agenda 1. System-wide Financials & Stats a. Financials b. Observations c. Financial / Revenue Cycle metrics
More informationCook County Health & Hospitals System. Finance Committee Meeting October Ekerete Akpan CFO
Cook County Health & Hospitals System Finance Committee Meeting October 2018 Ekerete Akpan CFO 1 CCHHS Systems-wide Financial Statements 2 Agenda 1. System-wide Financials & Stats a. Financials b. Observations
More informationFinancial Statements. Kit Carson County Health Service District. October 2018
Financial Statements Kit Carson County Health Service District Kit Carson County Health Service District Rooted in excellence. Growing in trust. FINANCIAL STATEMENT SUMMARY Income Statement Summary Kit
More informationWESTWOOD LUTHERAN CHURCH Summary Financial Statement YEAR TO DATE - February 28, Over(Under) Budget WECC Fund Actual Budget
WESTWOOD LUTHERAN CHURCH Summary Financial Statement YEAR TO DATE - February 28, 2018 General Fund Actual A B C D E F WECC Fund Actual Revenue Revenue - Faith Giving 1 $ 213 $ 234 $ (22) - Tuition $ 226
More informationCash & Liquidity The chart below highlights CTA s cash position at December 2017 compared to December 2016.
To: Chicago Transit Authority Board From: Jeremy Fine, Chief Financial Officer Re: Financial Results for December 2017 Date: February 14, 2018 I. Summary CTA s financial results are $4.7 million favorable
More informationCash & Liquidity The chart below highlights CTA s cash position at September 2017 compared to September 2016.
To: Chicago Transit Authority Board From: Jeremy Fine, Chief Financial Officer Re: Financial Results for September 2017 Date: November 15, 2017 I. Summary CTA s financial results are $7.7 million favorable
More informationPhysician groups what goes wrong, how do we avoid it? Subtitle: Physicians, Change, and Maximizing Employed Physician Performance
Physician groups what goes wrong, how do we avoid it? Subtitle: Physicians, Change, and Maximizing Employed Physician Performance Thomas Ferkovic Managing Partner SS&G Healthcare Chicago tferkovic@ssandg.com
More information11 May Report.xls Office of Budget & Fiscal Planning
Education and General Fund Actual Revenues and s by Month MTD YTD Change Revenue Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Per 14 Total over FY06 Enrollment Fees $ 8,211 $ 219 $ 41,952 ($ 818) $
More informationThe year to date is less than budget and prior year by 15.4 million and 11.6 million, respectively.
To: Chicago Transit Authority Board From: Jeremy Fine, Chief Financial Officer Re: Financial Results for September 2016 Date: November 16, 2016 I. Summary CTA s financial results are $0.3 million unfavorable
More informationROSWELL PARK CANCER INSTITUTE CORPORATION
ROSWELL PARK CANCER INSTITUTE CORPORATION Section 203 Budget Filing Fiscal Year 2018 2019 FINAL March 30, 2018 Public Authority Relationship with Unit of Government 2 203.6(a) Roswell Park Comprehensive
More informationUniversity Medical Center of El Paso El Paso Children s Hospital El Paso Health University Medical Center Foundation
University Medical Center of El Paso El Paso Children s Hospital El Paso Health University Medical Center Foundation FINANCIAL REPORT September 2018 MONTHLY FINANCIAL REPORTS September 2018 TABLE OF CONTENTS
More informationHARRIS COUNTY HOSPITAL DISTRICT
HARRIS COUNTY HOSPITAL DISTRICT dba HARRIS HEALTH SYSTEM FINANCIAL STATEMENTS As of October 31, 2015 FINANCIAL STATEMENTS As of October 31, 2015 TABLE OF CONTENTS PAGE FINANCIAL STATEMENT HIGHLIGHTS 1
More informationHARRIS COUNTY HOSPITAL DISTRICT
HARRIS COUNTY HOSPITAL DISTRICT dba FINANCIAL STATEMENTS As of June 30, 2015 FINANCIAL STATEMENTS As of June 30, 2015 TABLE OF CONTENTS PAGE FINANCIAL STATEMENT HIGHLIGHTS 1 VARIANCE ANALYSIS NARRATIVE
More informationCash & Liquidity The chart below highlights CTA s cash position at January 2018 compared to January 2017.
To: Chicago Transit Authority Board From: Jeremy Fine, Chief Financial Officer Re: Financial Results for January 2018 Date: March 14, 2018 I. Summary CTA s financial results are $1.7 million unfavorable
More informationBANNER HEALTH Investor Conference Call
BANNER HEALTH Investor Conference Call Year Ended December 31, 2012 and Quarter Ended March 31, 2013 May 30, 2013 Dennis Dahlen, Senior Vice President / Chief Financial Officer Banner Health Snapshot 23
More informationHIPIOWA - IOWA COMPREHENSIVE HEALTH ASSOCIATION Unaudited Balance Sheet As of July 31
Unaudited Balance Sheet As of July 31 Total Enrollment: 407 Assets: Cash $ 9,541,661 $ 1,237,950 Invested Cash 781,689 8,630,624 Premiums Receivable 16,445 299,134 Prepaid 32,930 34,403 Assessments Receivable
More informationFinancial Report to the Board of Trustees
Financial Report to the Board of Trustees January 22, 2008 FY07 Closeout and FY08 Six Month Update University of Connecticut Health Center FY07 Closeout University of Connecticut Health Center FY 2007
More informationHIPIOWA - IOWA COMPREHENSIVE HEALTH ASSOCIATION Unaudited Balance Sheet As of January 31
Unaudited Balance Sheet As of January 31 Total Enrollment: 371 Assets: Cash $ 1,408,868 $ 1,375,117 Invested Cash 4,664,286 4,136,167 Premiums Receivable 94,152 91,261 Prepaid 32,270 33,421 Assessments
More informationUnderstanding Benchmarking for Healthcare Organizations
Understanding Benchmarking for Healthcare Organizations Melissa M. Meeker, CPA MSA, Accounting, Franklin University Tina R. Wright, CPA, CHBC BSBA, Accounting, The Ohio State University Benchmarking Basics
More informationMOUNT SINAI MEDICAL CENTER. MSMC Medical Center & Foundation
MOUNT SINAI MEDICAL CENTER MSMC Medical Center & Foundation Investor Call 3rd Quarter 2015 December 17, 2015 Overview CEO Report Mission Master Facility Planning Budget Update Hospital Financial Update
More informationBig Walnut Local School District
Big Walnut Local School District Monthly Financial Report for the month ended September 30, 2013 Prepared By: Felicia Drummey Treasurer BIG WALNUT LOCAL SCHOOL DISTRICT SUMMARY OF YEAR TO DATE FINANCIAL
More informationROSWELL PARK CANCER INSTITUTE CORPORATION
ROSWELL PARK CANCER INSTITUTE CORPORATION Section 203 Budget Filing Fiscal Year 2017 2018 FINAL March 23, 2017 Public Authority Relationship with Unit of Government 2 203.6 a RPCIC Budget Process Timeline
More informationCash & Liquidity The chart below highlights CTA s cash position at March 2017 compared to March 2016.
To: Chicago Transit Authority Board From: Jeremy Fine, Chief Financial Officer Re: Financial Results for March 2017 Date: May 10, 2017 I. Summary CTA s financial results are $0.6 million favorable to budget
More informationPARRISH MEDICAL CENTER TRENDING ANALYSIS 3rd QUARTER ENDING - JUNE ,000 6,500 6,000 5,500 5,000 4,500 4,000
TRENDING ANALYSIS 3rd QUARTER ENDING - JUNE 30 2015 Admissions Outpatient Visits 700 7,000 650 6,500 600 6,000 550 5,500 500 5,000 450 4,500 400 Actual 491 523 545 583 568 634 638 616 670 559 523 538 Prior
More informationIMPROVING THE FINANCIAL HEALTH OF YOUR PRACTICE. D e b b i e R i c c i a n d D o n n a R u s s o
IMPROVING THE FINANCIAL HEALTH OF YOUR PRACTICE D e b b i e R i c c i a n d D o n n a R u s s o Please silence or turn off all electronic devices at this time. THANK YOU Agenda Key Performance Indicators
More informationWashington State Health Insurance Pool Treasurer s Report November 2014 Financial Review
Washington State Health Insurance Pool Treasurer s Report November 2014 Financial Review 1. 2014 Interim III and 2013 Final True-up Assessment Required An assessment of $2.0 M is required in order to adequately
More informationMANAGEMENT S DISCUSSION OF FINANCIAL AND OPERATING PERFORMANCE
MANAGEMENT S DISCUSSION OF FINANCIAL AND OPERATING PERFORMANCE Utilization Trends The Corporation has experienced an increase in utilization from the end of 2015 through fiscal year 2017. Occupancy of
More informationUniversity of Vermont HEALTH NETWORK
- --THE--- University of Vermont HEALTH NETWORK University of Vermont Health Network Obligated Group Bond Disclosure Report Fiscal Year 2018 Hospital Results, Financial Statements and Key Ratios For the
More informationNR614: Foundations of Health Care Economics, Accounting and Financial Management
NR614: Foundations of Health Care Economics, Accounting and Financial Management WEEK 7: Budgeting SLIDE 1: Week 7: Week Seven Sample Problem: Budgeting... There is one sample problem provided in week
More informationFinancial Report to the Board of Trustees
Financial Report to the Board of Trustees February 18, 2010 FY09 Closeout and FY10 Six Month Update University of Connecticut Health Center FY09 Closeout 2 University of Connecticut Health Center FY 2009
More informationFinance and Management Committee Meeting Notice & Agenda. Wednesday, March 30, :30 a.m. 9:00 a.m. Dal Cielo Conference Room
Finance and Management Committee Meeting Notice & Agenda Wednesday, March 30, 2011 7:30 a.m. 9:00 a.m. Dal Cielo Conference Room Office of the Clerk: (510) 814-4001 Members of the public who wish to comment
More informationSELF-FUNDED PPO HEALTH PLAN RATE REQUIREMENTS RETIREES JANUARY 1, 2017 DECEMBER 31, 2017 COUNTY OF ORANGE JUNE 2016
SELF-FUNDED PPO HEALTH PLAN RATE REQUIREMENTS RETIREES JANUARY 1, 2017 DECEMBER 31, 2017 COUNTY OF ORANGE JUNE 2016 Page 1 of 12 CONTENTS 1. Introduction...1 2. Rate Adjustment...2 3. Reserve Fund...4
More informationPre-Existing Condition Insurance Plan Washington State (PCIP-WA) June 2013 Financial Review
Pre-Existing Condition Insurance Plan Washington State (PCIP-WA) June 2013 Financial Review 1. Financial Statements June 2013 U Sheet Due to the timing of the HHS reimbursement receipts, there is no available
More informationTITLE OF REPORT: QIPP Programme Update Month 7. Kelly Knowles Head of Strategic Financial Planning. Annette Walker Chief Finance Officer
NHS BOLTON CLINICAL COMMISSIONING GROUP Public Board Meeting AGENDA ITEM NO: 13 Date of Meeting: 25 th November 2016 TITLE OF REPORT: QIPP Programme Update Month 7 AUTHOR: PRESENTED BY: PURPOSE OF PAPER:
More informationNASSAU HEALTH CARE CORPORATION & SUBSIDIARIES OPERATING BUDGET FISCAL YEAR ENDED DECEMBER 31, 2011
NASSAU HEALTH CARE CORPORATION & SUBSIDIARIES OPERATING BUDGET FISCAL YEAR ENDED DECEMBER 31, 2011 Approved: September 27, 2010 Nassau Health Care Corporation and Subsidiaries Operating Budget For Twelve
More informationCash & Liquidity The chart below highlights CTA s cash position at July 2016 compared to July 2015.
To: Chicago Transit Authority Board From: Jeremy Fine, Chief Financial Officer Re: Financial Results for July 2016 Date: September 14, 2016 I. Summary CTA s financial results are $0.4 million favorable
More informationCONDENSED FINANCIAL REPORT
CONDENSED AN EQUAL OPPORTUNITY/ADA INSTITUTION CONDENSED Index Page Financial Performance Review 3 Financial Report by Operating Entity 4 Consolidated Balance Sheet 5 Consolidated Statement of Revenues
More informationTemple University Health System Q2 FY Investors Update Conference Call. March 19, 2019
Temple University Health System Q2 FY 2019 - Investors Update Conference Call March 19, 2019 Cautionary Statement Regarding Forward-Looking Statements Welcome to today s TUHS investor call. As identified
More informationRoswell Park Cancer Institute Corporation
Roswell Park Cancer Institute Corporation Section 203 Budget Filing Fiscal Year 2014 2015 FINAL 1 Public Authority Relationship with Unit of Government 203.6 a Roswell Park Cancer Institute The Institute
More informationCash & Liquidity The chart below highlights CTA s cash position at June 2018 compared to June 2017.
To: Chicago Transit Authority Board From: Jeremy Fine, Chief Financial Officer Re: Financial Results for June 2018 Date: August 15, 2018 I. Summary CTA s financial results are unfavorable to budget for
More informationROSWELL PARK CANCER INSTITUTE CORPORATION
ROSWELL PARK CANCER INSTITUTE CORPORATION Section 203 Budget Filing Fiscal Year 2017 2018 PROPOSED January 31, 2017 Public Authority Relationship with Unit of Government 2 203.6 a RPCIC Budget Process
More informationCash & Liquidity The chart below highlights CTA s cash position at February 2017 compared to February 2016.
To: Chicago Transit Authority Board From: Jeremy Fine, Chief Financial Officer Re: Financial Results for February 2017 Date: April 5, 2017 I. Summary CTA s financial results are $0.3 million favorable
More informationWashington State Health Insurance Pool Treasurer s Report September 2018 Financial Review
Washington State Health Insurance Pool Treasurer s Report September 2018 Financial Review 1. 2018 Interim III Assessment Required An assessment of $8.5 M was required to adequately fund the pool until
More informationWashington State Health Insurance Pool Treasurer s Report April 2018 Financial Review
Washington State Health Insurance Pool Treasurer s Report April 2018 Financial Review 1. 2018 Interim I Assessment Required An assessment of $7.0 M is required to adequately fund the pool until the next
More informationResearch Accounting & Analysis University of Washington Operational Performance Dashboard
Research Accounting & Analysis University of Washington Operational Performance Dashboard September 26 Quarter 1 - Fiscal Year 7 Grant and Contract Accounting Mission As a professional accounting team,
More informationWashington State Health Insurance Pool Treasurer s Report January 2018 Financial Review
Washington State Health Insurance Pool Treasurer s Report January 2018 Financial Review 1. 2017 Interim III Assessment Required An assessment of $8.5 M was required to adequately fund the pool until the
More informationWashington State Health Insurance Pool Treasurer s Report March 2018 Financial Review
Washington State Health Insurance Pool Treasurer s Report March 2018 Financial Review 1. 2017 Interim III Assessment Required An assessment of $8.5 M was required to adequately fund the pool until the
More informationUniversity Medical Center of El Paso
University Medical Center of El Paso FINANCIAL REPORT April 2018 Chief Financial Officer Report.. 1-19 Financial Statements EL PASO COUNTY HOSPITAL DISTRICT MONTHLY FINANCIAL REPORT April 2018 TABLE OF
More informationGeneral Fund Revenue
Millions Percent of Kathy Steinert, Director of Fiscal Services Phone: 541.923.8927 145 SE Salmon Ave Redmond, OR 97756 kathy.steinert@redmond.k12.or.us Date: May 23, 2014 To: Redmond School District Board
More informationThird Quarter Fiscal Year Financial Report (Unaudited Statements)
Bond Long Term Rating Standard and Poor s AA-/Stable FITCH Investors Service AA/Stable Third Quarter Fiscal Year Financial Report (Unaudited Statements) Cone Health is an integrated health care delivery
More informationXML Publisher Balance Sheet Vision Operations (USA) Feb-02
Page:1 Apr-01 May-01 Jun-01 Jul-01 ASSETS Current Assets Cash and Short Term Investments 15,862,304 51,998,607 9,198,226 Accounts Receivable - Net of Allowance 2,560,786
More informationR o l l i n g F o r e c a s t i n g :
R o l l i n g F o r e c a s t i n g : A S t r a t e g y f o r E f f e c t i v e F i n a n c i a l M a n a g e m e n t Debra Miller Client Services Executive May 18, 2017 2017 Kaufman, Hall & Associates,
More informationUNIVERSITY OF WASHINGTON DEBT MANAGEMENT ANNUAL REPORT. BOARD OF REGENTS FINANCE, AUDIT AND FACILITIES COMMITTEE FEBRUARY 17 th, 2011
UNIVERSITY OF WASHINGTON DEBT MANAGEMENT ANNUAL REPORT BOARD OF REGENTS FINANCE, AUDIT AND FACILITIES COMMITTEE FEBRUARY 17 th, 2011 2 DISCUSSION OUTLINE Debt Management Outlook 3 Regent Roles 4 Mission
More informationReview of Membership Developments
RIPE Network Coordination Centre Review of Membership Developments 7 October 2009/ GM / Lisbon http://www.ripe.net 1 Applications development RIPE Network Coordination Centre 140 120 100 80 60 2007 2008
More informationFiscal Year 2018 Project 1 Annual Budget
Fiscal Year 2018 Project 1 Annual Budget Table of Contents Table Page Summary 3 Summary of Costs Table 1 4 Treasury Related Expenses Table 2 5 Summary of Full Time Equivalent Table 3 6 Positions Cost-to-Cash
More informationWashington State Health Insurance Pool Treasurer s Report August 2017 Financial Review
Washington State Health Insurance Pool Treasurer s Report August 2017 Financial Review 1. 2017 Interim I Assessment Required An assessment of $9.5 M was required to adequately fund the pool until the next
More informationPre-Existing Condition Insurance Plan Washington State (PCIP-WA) June 2011 Financial Review
Pre-Existing Condition Insurance Plan Washington State (PCIP-WA) June 2011 Financial Review 1. Financial Statements June 2011 UBalance Sheet Due to the timing of the HHS reimbursement receipts, there is
More informationWashington State Health Insurance Pool Treasurer s Report December 2017 Financial Review
Washington State Health Insurance Pool Treasurer s Report December 2017 Financial Review 1. 2017 Interim III Assessment Required An assessment of $8.5 M is required to adequately fund the pool until the
More informationNH Community Behavioral Health Association Workforce Challenges and Opportunities
NH Community Behavioral Health Association Workforce Challenges and Opportunities January 10, 2018 Prepared by Patrick Miller, Founder and Principal Pero Consulting Group, LLC 1 Topics of Discussion 1.
More informationMercy Health Quarterly Financial Report. As of and for the three months ended December 31, 2018 and 2017
Mercylit Quarterly Financial Report As of and for the three months ended December 31, 2018 and 2017 Contents: - Consolidated Financial Statements (Unaudited) - Management Discussion & Analysis Consolidated
More informationPre-Existing Condition Insurance Plan Washington State (PCIP-WA) January 2011 Financial Review
Pre-Existing Condition Insurance Plan Washington State (PCIP-WA) January 2011 Financial Review 1. Financial Statements January 2011 UBalance Sheet Cash on Hand at the end of January 2011 is $30 K, which
More informationF 4 STANDING COMMITTEES. Finance and Asset Management Committee. Debt Management Annual Report INFORMATION. For information only.
STANDING COMMITTEES F 4 Finance and Asset Management Committee Debt Management Annual Report INFORMATION For information only. BACKGROUND The Board of Regents is charged with oversight of the University
More informationCash & Liquidity The chart below highlights CTA s cash position at August 2018 compared to August 2017.
To: Chicago Transit Authority Board From: Jeremy Fine, Chief Financial Officer Re: Financial Results for August 2018 Date: October 10, 2018 I. Summary CTA s financial results are favorable to budget for
More informationBeatitudes Campus. Occupancy. Days of Cash on Hand. Occupancy. Operating Ratio. Debt Service Coverage Ratio
86% 96% 95% 80% 2018 Forecast 86% 95% 80% 2018 YTD 2017 2016 2015 2014 2013 Operating Ratio Operating Ratio (Revenue ) / (Expenses-(Depreciation & Amortization)) (Revenue)/(Expenses-(Depr & Amort)) Debt
More informationSeptember 30, 2018 Fiscal Year Financial Report (Unaudited Statements)
Bond Long Term Rating Standard and Poor s AA-/Stable FITCH Investors Service AA/Stable September 30, 2018 Fiscal Year Financial Report (Unaudited Statements) Cone Health is an integrated health care delivery
More informationFirst Quarter Fiscal Year Financial Report (Unaudited Statements)
Bond Long Term Rating Standard and Poor s AA/Negative FITCH Investors Service AA/Stable First Quarter Fiscal Year Financial Report (Unaudited Statements) Cone Health is an integrated health care delivery
More informationSELF-FUNDED PPO HEALTH PLAN RATE REQUIREMENTS RETIREES JANUARY 1, 2018 DECEMBER 31, 2018 COUNTY OF ORANGE JUNE 2017
SELF-FUNDED PPO HEALTH PLAN RATE REQUIREMENTS RETIREES JANUARY 1, 2018 DECEMBER 31, 2018 COUNTY OF ORANGE JUNE 2017 Page 1 of 12 COUNTY OF ORANGE CONTENTS 1. Introduction...3 2. Rate Adjustment...4 3.
More informationThird Quarter Fiscal Year 2017 Financial Report (Unaudited Statements)
Bond Long Term Rating Standard and Poor s AA/Negative FITCH Investors Service AA/Stable Third Quarter Fiscal Year 2017 Financial Report (Unaudited Statements) Cone Health is an integrated health care delivery
More informationBalance Sheet Benefis Health System For month Ended September
Montana Facility Finance Authority Hospital Revenue Series 2007 Bonds - $125 Million Benefis Health System Continuing Disclosure Quarterly Report (Quarter ended 9/30/2009) The accompanying unaudited balance
More informationMultiCare Health System Year End 2012 Results December 31, 2012
MultiCare Health System Year End 2012 Results December 31, 2012 MultiCare Health System (MHS), a Washington nonprofit corporation, is an integrated healthcare delivery system providing inpatient, outpatient,
More informationUnderstanding Your Medicare Options. Medicare Made Clear
Understanding Your Medicare Options Medicare Made Clear 1. Eligibility 2. Coverage Options 3. Enrollment 4. Next Steps 5. Resources Agenda 2 ELIGIBILITY Medicare Made Clear ELIGIBILITY Original Medicare
More informationPre-Existing Condition Insurance Plan Washington State (PCIP-WA) November 2014 Financial Review
Pre-Existing Condition Insurance Plan Washington State (PCIP-WA) November 2014 Financial Review 1. Financial Statements November 2014 U Sheet Due to the timing of the HHS reimbursement receipts, there
More informationManaging Clinical Denials
Managing Clinical Denials The Role of MIDAS+ in Improving the Process MIDAS+ 15th Annual User Symposium May 22-24, 2006 Tucson, Arizona 110 Irving St. NW Washington, DC 20011 Jim Hoopes, RN, CPHQ James.A.Hoopes@Medstar.Net
More informationReport on the Economic Crisis: Initial Impact on Hospitals
Report on the Economic Crisis: Initial Impact on Hospitals November 2008 Executive Summary The capital crunch is making it difficult and expensive for hospitals to finance facility and technology needs.
More informationFinancial & Business Highlights For the Year Ended June 30, 2017
Financial & Business Highlights For the Year Ended June, 17 17 16 15 14 13 12 Profit and Loss Account Operating Revenue 858 590 648 415 172 174 Investment gains net 5 162 909 825 322 516 Other 262 146
More informationPre-Existing Condition Insurance Plan Washington State (PCIP-WA) January 2012 Financial Review
Pre-Existing Condition Insurance Plan Washington State (PCIP-WA) January 2012 Financial Review 1. Financial Statements January 2012 U Sheet Due to the timing of the HHS reimbursement receipts, there is
More informationPre-Existing Condition Insurance Plan Washington State (PCIP-WA) February 2012 Financial Review
Pre-Existing Condition Insurance Plan Washington State (PCIP-WA) February 2012 Financial Review 1. Financial Statements February 2012 U Sheet Due to the timing of the HHS reimbursement receipts, there
More informationSpheria Australian Smaller Companies Fund
29-Jun-18 $ 2.7686 $ 2.7603 $ 2.7520 28-Jun-18 $ 2.7764 $ 2.7681 $ 2.7598 27-Jun-18 $ 2.7804 $ 2.7721 $ 2.7638 26-Jun-18 $ 2.7857 $ 2.7774 $ 2.7690 25-Jun-18 $ 2.7931 $ 2.7848 $ 2.7764 22-Jun-18 $ 2.7771
More informationManagement Reports. June for PREPARED BY POWERED BY
Management Reports for June 217 PREPARED BY POWERED BY Contents 1. Management Reports Cashflow Forecast Actual vs Budget P&L Forecast Where Did Our Money Go? Net Worth 2. Understanding your Reports 3.
More informationMANAGEMENT S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS FOR ASCENSION
MANAGEMENT S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS FOR ASCENSION As of and for the year ended June 30, 2017 and 2016 The following information should be read in conjunction
More informationDUKE UNIVERSITY HEALTH SYSTEM, INC. AND AFFILIATES
Consolidated Financial Statements December 31, 2017 and 2016 (Unaudited) Prepared by: Duke University Health System Finance Print Date: January 17, 2018 Consolidated Balance Sheets (Unaudited) December
More informationPre-Existing Condition Insurance Plan Washington State (PCIP-WA) June 2014 Financial Review
Pre-Existing Condition Insurance Plan Washington State (PCIP-WA) June 2014 Financial Review 1. Financial Statements June 2014 U Sheet Cash on Hand at the end of June 2014 is $14 K. The entire $14 K is
More informationBig Walnut Local School District
Big Walnut Local School District Monthly Financial Report for the month ended September 30, 2012 Prepared By: Felicia Drummey Treasurer BIG WALNUT LOCAL SCHOOL DISTRICT SUMMARY OF YEAR-TO-DATE FINANCIAL
More informationBusiness & Financial Services December 2017
Business & Financial Services December 217 Completed Procurement Transactions by Month 2 4 175 15 125 1 75 5 2 1 Business Days to Complete 25 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 217 Procurement
More informationInvestor Conference Call
Investor Conference Call Quarter Ended June 30, 2015 August 24, 2015 Dennis Dahlen, Senior Vice President / Chief Financial Officer 2 Regarding Use of this Electronic Presentation Certain statements included,
More informationCash & Liquidity The chart below highlights CTA s cash position at March 2018 compared to March 2017.
To: Chicago Transit Authority Board From: Jeremy Fine, Chief Financial Officer Re: Financial Results for March 2018 Date: May 9, 2018 I. Summary CTA s financial results are $0.9 million favorable to budget
More informationForecast Position. Detailed financial statements are included in the Appendix attached to this report.
MEMO To: Board Members From: Eric Sinclair, GM Finance & Performance Date: 17 January 2018 Subject: Financial Report for December 2017 Status This report contains: For decision Update Regular report For
More informationWashington State Health Insurance Pool Treasurer s Report February 2018 Financial Review
Washington State Health Insurance Pool Treasurer s Report February 2018 Financial Review 1. 2017 Interim III Assessment Required An assessment of $8.5 M was required to adequately fund the pool until the
More informationProposed FY 2018 Operating Budget
Proposed FY 2018 Operating Budget June 27, 2017 HEALTHCARE FINANCE FY 2018 Operating Budget Revenue Assumptions The FY 2017 projected year end actuals include a net decrease of $4.2 million which includes
More informationFinancial Report to the Board of Trustees
Financial Report to the Board of Trustees January 26, 2011 FY10 Closeout and FY11 Six Month Update University of Connecticut Health Center FY10 Closeout University of Connecticut Health Center FY 2010
More informationMEDICAID FEDERAL SHARE OF MATCHING FUNDS
MEDICAID FEDERAL SHARE OF MATCHING FUNDS revised by EDR based on FFIS Estimated for FFY 2019 August 3, 2017 Effective State Budget Year State adopted February 2017 State State FY real Difference in state
More informationPandemics, Catastrophic Trends and Capital Issues
Pandemics, Catastrophic Trends and Capital Issues John P. Cookson, F.S.A. Milliman, Inc. -0- Tail Risk Pandemic is the prime example Other risks could combine to reach this level Pandemic combines with
More informationBNSSG CCG Governing Body Meeting
BNSSG CCG Governing Body Meeting Date: Tuesday 5 th February 2019 Time: 1.30pm Location: The Royal Hotel, 1 South Parade, Weston-super-Mare BS23 1JP Agenda number: 8.2 Report title: BNSSG CCG Finance Report
More information