NOAH’s performance is measured in several key ways, including the number of patients we see, the comprehensive care we provide, and maintaining healthy financials. We’ve wrapped up the first half of the year!
Below is the June Financial Dashboard from Chief Financial Officer, Julia Karl.
Metric | Target | June 2022 | 3 Months Ago | 6 Months Ago |
Days Cash on Hand | 90 | 74 | 79 | 116 |
Current Ratio | 2.0 | 3.44 | 2.93 | 3.25 |
Operating Margin | 6% | 0% | -2% | 10% |
Days Cash on Hand: This measure increased two days this month! Payments from insurance plans are starting to catch-up since our transition to NOAH billing in January.
Current Ratio: NOAH’s Current Ratio remains strong and has shown improvement over the past 6 months.
Operating Margin: NOAH’s Operating Margin stayed flat this month. Continuing to push this to a 3% gain will be NOAH’s financial priority this year.