Treasurer’s Financial Snapshot March 2024

Treasurer’s Financial
Snapshot from
March 27, 2024
Board Meeting
Drew McCalley
 
The RCMS Board is committed to increasing transparency and communication with the community. Each month we will share a financial snapshot. Complete financial reports are available on our webpage via the link at the end of this post.
RCMS Treasurer’s Financial Snapshot by Drew McCalley
 
As of the end of February, RCMS's financial results continue to be better than budgeted and our financial position remains strong.  In February, Primary Care visits recovered somewhat from their dip in January, but remained below budget.  As has been the case throughout this fiscal year, lower Primary Care visits were partly offset by higher Urgent Care visits.  Overall, patient service revenue remains above budget year to date, and the bottom line is positive and significantly better than budget, largely due to expenses running below budget.  However, one part of expenses, personnel expenses, is trending upward and will be over budget for the remainder of the fiscal year ending in June.   Despite these financial challenges, we remain confident that we will be able to maintain our sound financial condition going forward.