WINNEMUCCA - Humboldt General Hospital Emergency Medical Services Rescue recently released the 2011 Burning Man after Action Report. An important aspect of the endeavor, of course, was the financial bottom line. According to the report, the budget and actual outcome were pretty much spot on.
The contract for 2011 paid HGH $290,000. The hospital purchased a mobile hospital unit and additional ambulances up front for about $244,000 to be amortized out over five years at an annual charge of $48,800.
Expenses for incident command and managers were budgeted for $13,200 and the actual amount came to $15,890. Personnel expenses for ambulance charges were budgeted for $34,944 and the actual cost came to $35,955.36. A large variance occurred in budgeting for clinical personnel estimated at $101,556 compared to $64,427.16, the actual cost.
The clinical personnel over budgeting offset the yearly disposable expenses. They were under budgeted at $45,500 and actually came to $85,148.91.
Total budgeted expenses came to $244,000 with an actual cost of $250,221.43, 2.5 percent over budget. The actual net profit came to $39,778.57.
Patient transports billed during the event came to $135,112.00. The report reflected two additional amounts of revenue based on 68 percent and 40 percent of the total transports that might actually be collected. At a 40 percent collection rate, the net profit increased to $93,823.37 and at 68 percent the net profit would come to $131,654.73.
As to the financials presented in the report, it stated, "The first year was financially successful for Humboldt General Hospital. In the following years we will continue to see improvement in the streamlining of operations and thus decreasing expenses. With the first year completed we are able to formulate a budget that will be closer to our actual needs after a final strengths and weakness assessment during the after action review."
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