University of Illinois Medical Center

1
University of Illinois Medical Center

• Financial Performance FY04
• Budget FY05

February 19, 2004
2
Mission

• High-quality, patient-oriented health care
• Support of the service, education, and research
  responsibilities of the health sciences colleges
• Fiscally responsible

3
YTD Highlights

• Volume (vs. Budget) (vs. Last
  Year)
• Discharges 0.1 -0.9
• Patient days 2.4 2.4
• Operations I/P 24.1 14.3
• Operations O/P -4.1 -4.5
• Clinic Visits -2.2 -0.1
• ER Visits 3.0 2.9
• ADC 316 vs. 308 316 vs. 308
• Adjusted Census 469 vs. 457 469 vs. 449

4
(No Transcript)
5
(No Transcript)
6
(No Transcript)
7
Discharges Average discharges per month (Bars)
8
Patient Days Average Patient Days per month
(Bars)
9
Outpatient Visits Average Outpatient Visits per
month (Bars)
10
FTEs and FTEs per Adjusted Occupied Bed FTEs
(Bars), FTEs per AOB (Line)
11
Total SalaryTotal Salary per Adjusted Patient
Day (Bars) UHC Best Quartile (Dashed
Line) MCGs 15 Best Quartile (Blue Line)
UHC-University HealthSystem Consortium benchmark,
MCG 15-Master Compare Group ACTION benchmark
12
Salary per FTESalary per FTE (Bars) UHC Best
Quartile (Dashed Line) MCGs 15 Best Quartile
(Blue Line)
UHC-University HealthSystem Consortium benchmark,
MCG 15-Master Compare Group ACTION benchmark
13
Nurse Agency (000s) Nurse Agency Average per
Month (Bars)
14
Supply CostSupply Cost per Adjusted Patient Day
(Bars) UHC Best Quartile (Dashed Line) MCGs
15 Best Quartile (Blue Line)
UHC-University HealthSystem Consortium benchmark,
MCG 15-Master Compare Group ACTION benchmark
15
CostCost per Adjusted Patient Day (Bars) UHC
Best Quartile (Dashed Line) MCGs 15 Best
Quartile (Blue Line)
UHC-University HealthSystem Consortium benchmark,
MCG 15-Master Compare Group ACTION benchmark
16
Fiscal Year-End Cash Balance(Millions)
17
Cash Collected (000s)Average Monthly Cash
Collected (Bars)
18
Operating Income(Millions)
19
Bottom Line Excess Revenues over Expenses
(Millions)
20
(No Transcript)
21
Support Costs for OCC(all figures in Millions)

• Clinic Administration 12.9
• Admin and General 8.3
• GME 3.3
• ITS 1.5
• Maintenance 1.3
• Depreciation 1.0
• Total Support 28.3

22
Summary of ResultsFY 2004

• Volume mixed
• Increased net revenue
• Salary/Wages- Increases
• FTEs
• Rate
• Significant- Revenue/Expense Hits

23
Budget Targets for FY04

• Positive operating margin
• Improve cash position
• Fund critical infrastructure needs and Strategy
  Initiatives

24
(No Transcript)
25
Key Elements of Budget(Volume and Revenue)

• Small volume increases
• Charge rate increase 5
• No increase from IDPH
• State appropriation unchanged
• Improved manage care
• Continue revenue cycle improvement
• Significant cost containment

26
Expense Control Initiatives

• Supply chain
• Operating Room supplies and equipment
• Overtime
• Reverse FTE creep

27
(No Transcript)
28
Key Elements of Cash Goal

• Profitability
• Reduce A/R days
• Reduce inventory
• Control capital spending

29
UNIVERSITY OF ILLINOIS MEDICAL CENTER AT CHICAGO UNIVERSITY OF ILLINOIS MEDICAL CENTER AT CHICAGO UNIVERSITY OF ILLINOIS MEDICAL CENTER AT CHICAGO UNIVERSITY OF ILLINOIS MEDICAL CENTER AT CHICAGO UNIVERSITY OF ILLINOIS MEDICAL CENTER AT CHICAGO UNIVERSITY OF ILLINOIS MEDICAL CENTER AT CHICAGO UNIVERSITY OF ILLINOIS MEDICAL CENTER AT CHICAGO
CAPITAL BUDGET FY05 CAPITAL BUDGET FY05 CAPITAL BUDGET FY05 CAPITAL BUDGET FY05 CAPITAL BUDGET FY05 CAPITAL BUDGET FY05 CAPITAL BUDGET FY05
(all figures in Millions) (all figures in Millions) (all figures in Millions) (all figures in Millions) (all figures in Millions) (all figures in Millions) (all figures in Millions)
             
             
  ITS         4.1
  Renovations and Infrastructure Renovations and Infrastructure Renovations and Infrastructure Renovations and Infrastructure 20.4
             
  Equipment Equipment       8.5
             
  Total Capital Budget Total Capital Budget Total Capital Budget     33.0
           
             
30
Summary

• Important Factors
• Maintain volume
• Control expenses
• Supplies
• Salaries
• Improve revenue cycle
• Large unmet capital needs

31
Questions