10 Interesting Facts and Statistics for ASCs

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Written by Scott Becker

Friday, 18 January 2008

The 2007 edition of a leading benchmarking guide for ASCs, which is developed and published by VMG Health, AAASC and Informed Healthcare Media, has been released. The guide covers financial and operational benchmarks for various specialties performed within ASCs, multi- and single-specialty ASCs and varying procedure volumes. Here are 10 statistics and observations from the 2007 Intellimarker ASC Financial and Operational Benchmarking Study.

1. In 2005, the number of Medicare-certified ASCs grew by 467 to 4,508 (nearly 5,000 as of 2007), and 97 facilities merged or closed. The 467-facility growth was the single largest by number of ASC facilities added to the Medicare rolls.

2. Gastroenterology and orthopedics are the two highest-volume ASC types of cases by specialty performed in ASCs. Ophthalmology and pain management follow closely behind.

3. Healthsouth, or now what was once its ASC division, had the highest number of surgical centers as a company. USPI, an outstanding company headquartered in Dallas, has now likely closed that gap.

4. The AAAHC, based in Skokie Ill., has been the single largest accrediting body of ASCs. It appears that the Joint Commission has made significant inroads in the ASC accreditation effort over the last two years.

5. The median fixed assets for all centers included in the study was $2.1 million. The median net accounts receivable was $645,000.

6. The median amount of long-term debt was a little less than $1.2 million.

7. The median days in accounts receivable was 45 days.

8. The specialties with the best net revenues per case included ENT, general surgery, gynecology, orthopedics, podiatry and urology. The findings are likely influenced by the size of study and the impact of lithotripsy on the urology numbers.

9. The median amount of Medicare and Medicaid business by charges was 34 percent of a center's revenues.

10. ENT was the fifth-highest specialty by case volume for ASCs.

For more information on this incredible resource, please call VMG Health, one of the top valuation firms in the ASC arena, at (214) 369-4888.