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Case Study: The New London Hospital

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Case Study: The New London Hospital
For the month of July 2016, The New London Hospital Association, Inc. generated a consolidated loss from operations of $177k compared to a budgeted loss of $247k. Non-operating revenue was $109k compared to a budget of $83k, resulting in a positive variance of $26k.

Gross Revenue – The first month of FY17 started off with consolidated gross revenue $192k lower than budget, but favorable to July 2015’s gross revenue by $300k. Within the Hospital, the departments with the largest favorable revenue variances to budget included the SCU at $95k, the ED at $77k and Med Surg at $68k over budget. The Medical Groups’ (Physician Practices’) July gross revenue was $30k over budget. Within the Medical Group, departments with favorable to budget variances included NLH Orthopedics at $53k and Women’s Health at $16k over budget. The Clough Center’s census declined to an average daily census of 21.3 for the month of July with gross revenue that was $226k below budget. …show more content…
July Patient Free Care was $14k under budget and bad debt was $24k under budget. The Clough Center had a positive variance in Other Income of $30k when compared to the budget, which was related to receipts from the Nursing Home Quality Assessment. 340(b) revenue and expenses were essentially on budget. Disproportionate Share Income for July was on
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