NOAH’s performance is measured in many ways, from the number of patients we see, to the comprehensive care we provide, to maintaining healthy financials. Below is the October Financial Report from Chief Financial Officer, Julia Nierad.
NOAH performed financially better than was budgeted, which is always great news! NOAH is deep in our budget preparation for 2022. With Patient Revenue making up 78% of our overall revenue, we are monitoring visits closely to ensure NOAH’s continued financial health in 2022.
Definitions
- Days Cash on Hand: NOAH’s Days Cash on Hand dropped slightly this month. This is expected with the continued Capital Spending on our new Desert Mission (DM) location. We are tracking this same measure without the DM funds and NOAH remains above target with 105 Days Cash on Hand.
- Current Ratio: NOAH’s Current Ratio decreased this month, but still well above target. The shift from prior month is related to the DM Capital Project
- Operation Margin: NOAH’s Operating Margin decreased from last month. This was expected and will continue the remainder of the year; however, we are still projected to end the year with a healthy margin above target.
If you have any questions about any of the metrics, please reach out to NOAH Controller, Elizabeth Lawson.
