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Financial Ratio Analysis in Florida County Health Departments: Insights and Actions

This report by Matthew J. Dillon presents an in-depth financial ratio analysis of Florida's 67 County Health Departments, examining their financial performance from a public health perspective. Covering the financial landscape from 2006-2008, it highlights key metrics such as revenue per capita, expenses, accounts receivables, and overall financial margins. The study emphasizes the need for leadership buy-in, local engagement, and establishing a robust monitoring framework to implement financial strategies effectively. Data-driven insights aim to enhance the operational efficiency of health departments statewide.

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Financial Ratio Analysis in Florida County Health Departments: Insights and Actions

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  1. Viewing Public Health Financial Information from a Different Perspective: Financial Ratio Analysis in Florida County Health Departments Matthew J. Dillon November 7, 2010

  2. CHARLOTTE

  3. Florida Department of Health • 67 County Health Departments • $834 M CHDs Statewide • $208 B Department Wide • Co-managed under the State and Local Board of County Commissioners • All State Employees • Single Accounting System • Unified chart of accounts

  4. Florida Finance Ratio Analysis Initiative 2006-2008: • Population size: • 1 = <25,000; • 2 = 25,000-49,999; • 3 = 50,000-99,999; • 4 = 100,000-499,999; • 5 = 500,000-999,999; • 6 = >1,000,000

  5. Florida Local Health Agency Revenue Per Capita 2008

  6. Florida Local Health Agency Expense Per Capita 2008

  7. Florida Local Health Agency Days of Revenue in Accounts Receivable 2008

  8. Florida Local Health Agency Accounts Receivables Written Off as a % of Total Collected 2008

  9. Florida Local Health Agency Total Margin 2008

  10. GOALS / ACTION………. DONE • Obtain “buy-in” from Leadership • State Level • Local Level • Action Taken • Peggy Honore visited Tallahassee – Statewide webinar • Leadership and key peer support • Established a workgroup • Intent • Identify 10 -20 ratios • Implement seamlessly with new business plan beginning of Fiscal Year • Monitor and Analyze data DONE

  11. Thank you for your time…….Questions??Suggestions??

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