NOAH’s performance is measured in several ways, including the number of patients we see, the comprehensive care we provide, and maintaining healthy financials. Here’s a look at the financials for November:
| Metric | Target | November 2022 | 3 months ago | 6 months ago |
| Days Cash on Hand | 90 | 87 | 92 | 71 |
| Current Ratio | 2.0 | 3.78 | 3.36 | 3.25 |
| Operating Margin | 6% | 2% | 4% | 0% |
Financial Insights provided by Julia Karl, NOAH Chief Financial Officer
Days Cash on Hand: NOAH increased our days cash on hand by 10 days over last month! This was made possible by a combination of receipt of grant funding and insurance payment collections. As we prepare for our year-end, the Finance and Revenue Cycle Teams are working hard to get as much cash in the door as possible.
Current Ratio: NOAH’s Current Ratio remains strong indicating we have almost four times as many liquid assets to pay for our short-term cash needs.
Operating Margin: NOAH’s Operating Margin remained at 2% for the year. It’s going to be a close call whether we achieve our goal of 3%. NOAH has requested a Change in Scope with AHCCCS with the relocation of our Desert Mission Health Center. If approved, this would retroactively increase our reimbursement rate for Medicaid services and could be enough to pull us over the 3% mark. Regardless of where we end the year, I still consider what we were able to achieve within our transition year to be remarkable and look forward to 2023!
