LUTZ BUSINESS INSIGHTS

 

Flex Monitoring – CAH Financial Indicators Released

JULIANNE KIPPLE, HEALTHCARE DIRECTOR

 

The Flex Monitoring team released the updated Critical Access Hospital (CAH) Financial Indicators Report in March 2017. The report includes a summary of the common financial indicators by state and for the nation. The report uses information from the Medicare Cost Report that Critical Access Hospitals filed during 2015.

The report can be a useful tool for benchmarking your CAH against others in your particular state or against CAHs throughout the country.

The report includes the following items:

  1. Profitability Indicators, including total margin and return on equity
  2. Liquidity Indicators, including days cash on hand and days in accounts receivable
  3. Capital Structure Indicators, including debt service coverage
  4. Revenue Indicators, including Medicare inpatient/outpatient mix and Medicare Acute inpatient cost per day
  5. Cost Indicators, including FTEs per occupied bed and Average Salary per FTE
  6. Utilization Indicators, including Average Daily Census for Swing Bed or Acute

The Flex Monitoring Team is under the federal Office of Rural Health Policy and consists of several Rural Health Research Centers. Their goal is to assist CAHs in improving access to and the quality of health care services, improving the financial performance of CAHs, and engaging rural communities in health care system development.

The Financial Indicator report can be found here: http://www.flexmonitoring.org/wp-content/uploads/2017/03/dsr23.pdf

The Flex Monitoring website also has useful research, tools, and articles: http://www.flexmonitoring.org/

 

ABOUT THE AUTHOR

julianne kipple

402.827.2075

jkipple@lutz.us

LINKEDIN

JULIANNE KIPPLE + HEALTHCARE DIRECTOR

Julianne Kipple is a Healthcare Director at Lutz with over 10 years of professional experience in the healthcare industry. Her expertise is in accounting and consulting services for healthcare facilities, including outsourced CFO services, Medicare and Medicaid reimbursement, and Medicaid Disproportionate Share Surveys (DSH).

AREAS OF FOCUS
AFFILIATIONS AND CREDENTIALS
  • Healthcare Financial Management Association, Member
  • American Institute of Certified Public Accountants, Member
  • Nebraska Society of Certified Public Accountants, Member
  • Certified Public Accountant
  • Certified Healthcare Financial Professional
EDUCATIONAL BACKGROUND
  • BSBA in Accounting, with high distinction, Creighton University, Omaha, NE
  • MBA, Creighton University, Omaha, NE

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