Financial R Report March 2020 2020 Lora Conger Chief Financial - - PowerPoint PPT Presentation

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Jan 28, 2024 145 likes •229 views

Financial R Report March 2020 2020 Lora Conger Chief Financial Officer To serve our communities pre hospital needs through value driven, compassionate, and clinically superior care. EMSA March 20 Income Statement Year to

SLIDE 1

“To serve our communities’ pre‐hospital needs through value‐driven, compassionate, and clinically superior care.”

Financial R Report March 2020 2020

Lora Conger Chief Financial Officer

SLIDE 2

“To serve our communities’ pre‐hospital needs through value‐driven, compassionate, and clinically superior care.”

EMSA March 20 Income Statement

Year to date as of Mar-2020 Actuals Budget 2020 Variance Revenue Net Patient Revenue Patient Revenue 167,872,953 157,953,568 9,919,384 Contractuals & Deductions

120,608,866
112,825,388
7,783,478

Total Net Patient Revenue 47,264,086 45,128,180 2,135,906 Realization Rate 28.2% 28.6% Other Operating Revenue 10,725,497 9,400,881 1,324,616 Total Revenue 57,989,584 54,529,061 3,460,522 Total Operating Expense 54,961,749 51,671,282

3,290,467

Non-Operating Income 58,891 96,750 155,641 Non-Operating Expenses 2,915,092 2,957,084 41,993 Net Income 171,633

2,555

174,188 Net Income % 0.3% 0.0% 0.3% EBITDA 3,027,834 2,857,780 170,055 EBITDA % 5.2% 5.2% 0.0%

SLIDE 3

“To serve our communities’ pre‐hospital needs through value‐driven, compassionate, and clinically superior care.”

EMSA March 20 Operating Expenses

Note: Operating expenses exclude grant expenditures

Year to date as of Mar-2020 Actuals Budget 2020 Variance Salary & Wages 2,837,530 2,705,054

132,476

Benefits 883,546 915,519 31,973 Professional & Contracted Services 46,035,895 43,921,305

2,114,590

Training & Development 38,215 81,548 43,333 Supplies 308,239 295,876

12,363

Repairs & Maintenance 1,183,348 987,521

195,827

Utilities 1,201,588 1,092,911

108,677

Rent 419,938 399,114

20,824

Insurance 157,434 187,307 29,873 Public Relations 123,078 116,736

6,342

Other Expenses 1,238,789 965,853

272,936

Total Expense 54,427,600 51,668,744

2,758,857

SLIDE 4

“To serve our communities’ pre‐hospital needs through value‐driven, compassionate, and clinically superior care.”

EMSA March 2020

592,470 613,062 621,293 593,979 612,802 625,839 631,224 627,619 577,269

550,000 560,000 570,000 580,000 590,000 600,000 610,000 620,000 630,000 640,000 Jul-2019 Aug-2019 Sep-2019 Oct-2019 Nov-2019 Dec-2019 Jan-2020 Feb-2020 Mar-2020

Patient Revenue Per Day

SLIDE 5

“To serve our communities’ pre‐hospital needs through value‐driven, compassionate, and clinically superior care.”

FY21 Budget Update

No Emergency Transport Rate Increase Non-Emergency Transport Rate - TBD Volume based on trailing 12 months from Feb 20 with a 15% reduction factored into first 6 months Less than 3% subsidy increase for both Eastern and Western Divisions No salary increases for team members except for raises related to promotions Capital acquisitions consistent with prior year

SLIDE 6

Non- Emergency Transport Rates in Oklahoma

$345.00 $393.00 $644.13 $697.14 $1,124.42 $1,125.23 $1,128.44

EMSA- EAST EMSA- WEST COMPETITOR 1 COMPETITOR 2 COMPETITOR 3 COMPETITOR 4 COMPETITOR 5

SLIDE 7

Rate Issues

EMSA non-emergency rates are significantly below fair market value based on a 2019 market analysis Reimbursement rates from private payors are higher than EMSA’s rates- We Are Leaving Money on the Table Transport margin is very small- Maximize Reimbursement Opportunities EMSA non-emergency rate has not been adjusted since 2009

SLIDE 8

Distribution

f Patient

Revenue

72% 26%

2% Contractuals Ambulance Contractor Residual