Financial Performance Scorecard
- Gross Revenues
-
Patient Service revenues before revenue deductions. Calculated as the sum of:
- Gross Inpatient Revenue
- Portion of gross revenue derived from facility inpatients (Excludes Long Term Care and SNF)
- Gross Outpatient Revenue
- Portion of gross revenue derived from facility outpatients (Includes Observation Patients.)
- Gross Other Patient Revenue
- Portion of gross revenue derived from other patients, e.g. Physician Clinics, Long Term Care, Nursing Home, Skilled Nursing.
- Net Revenues
-
Total of Net Patient Revenue and Other Operating Revenue. Sum of Indicators:
- Net Patient Revenue
- Gross Patient Revenue less All Revenue Deductions
- This number should be listed as a positive
- Should also include charity care deductions
- Should NOT include Bad Debts.
- Number should be offset by any indigent care trust fund or UPL money received
- Other Operating Revenue
- Revenue from non-patient care services to patients or sales of supplies or services to persons other than patients. (May include tax revenue if included per your audited financial statement)
- Bad Debt Expenses
-
Bad Debt Expense as recorded on income statement.
- Net of recoveries
- Salary/Wages and Benefit Expenses
-
Annual Salaries, Wages and Benefits expense. Combination of Labor and Benefits expenses.
- Labor Expense
- Total of all salaries and wages
- Include ALL hospital personnel AND contract labor
- Exclude all physician salaries. (Note - Exclude PHYSICIANS Only - INCLUDE all other) (This number should be listed as a positive)
- Fringe Benefits Expense
- Total of all fringe benefit amounts such as medical and dental plan, pension plan, or 401K matching contributions. (Includes Payroll Taxes)
- Supply Expenses
-
Total of all supply expenses (medical and non-medical).
- If the contracted pharmacy includes the purchase of the drugs, rather than just management and other personnel, the drug portion should be included in supplies.
- If food service contract includes the purchase of the foods and other supplies, rather than just management and other personnel, that portion should be included in supplies.
- Rebates should be considered as a reduction to this expense.
- Days Net Accounts Receivable
-
Days Net Accounts Receivable - per Balance Sheet
- Definition: Net Patient Accounts Receivable divided by Average Daily Net Patient Revenue for period assessed.
- Preferably Average for last 90 Days (“90-Day Roll”) of period for which annual data is provided herein.
- If 90-Day Roll unavailable, use Net A/R Days at end of period for which annual data is provided herein.