The financial report, published on the Sunshine Clinic Friends blog last week, shows that, through the first quarter, the Clinic is at a budget shortfall of just under $120,000. That number is not due to overspending. Expenses came in about $31,000 under budget. The problem is revenue, specifically from patient visits.
In financial terms, visits are referred to as encounters. In June, July, and August, visits fell just over twenty-two percent versus the same period last year. That, in turn, reduced the amount of money coming from patient fees, which makes up 47% of the Clinic’s income, according to its annual statement. The total shortfall of income from patients was $153,000 as of the end of September. (more…)