Income statement
Patient revenues
Gross charges: $29,979,000
Adjustments: $10,288,000
Net revenue: $7,736,000
Operating expenses
Employee salary and wages: $1,552,000
Taxes and benefits: $359,000
Occupancy costs: $477,000
Medical and surgical: $1,530,000
Other medical costs: $111,000
Insurance: $53,000
Depreciation and amortization: $349,000
Total general & administrative expenses: $1,123,000
Total operating expenses: $5,222,000
Operating income: $2,165,000
Other income: $86,000
Net interest expense: $110,000
Earnings before taxes: $2,052,000
EBITDA: $2,513,000
Balance sheet
Assets
Cash and equivalents: $744,000
Net accounts receivable: $781,000
Other current assets: $224,000
Total current assets: $1,686,000
Gross PP&E: $4,100,000
Accumulated depreciation: $2,435,000
Net PP&E: $1,724,000
Other assets: $1,216
Total assets: $4,071
Liabilities
Current liabilities: $457,000
Current portion of LTD: $276,000
Total current liabilities: $599,000
Total long-term debt: $1,303,000
Other LT liabilities: $302,000
Total liabilities: $1,846,000
Equity
Shareholders’ equity: $2,264,000
Total liabilities & equity: $4,071,000
Accounts receivable analysis
Accounts receivable – gross: $1,446,000
Accounts receivable – net: $781,000
A/R turnover – net: 11.36
A/R days outstanding – net: 36
A/R aging
0-30 days: 53.4 percent
31-60 days: 17.2 percent
61-90 days: 8.2 percent
Case volume mix as percent of total cases
ENT: 8 percent
GI/endoscopy: 29 percent
General surgery: 7 percent
OB/GYN: 4 percent
Ophthalmology: 17 percent
Oral surgery: 1 percent
Orthopedics: 17 percent
Pain management: 14 percent
Plastic: 4 percent
Podiatry: 3 percent
Urology: 3 percent
Other: 1 percent
Case volume & staffing summary
Total cases per center: 4,714
Cases per day: 18.9
Nurse FTE: 13.3
Tech FTE: 5.4
Administrative FTE: 8.5
Administrator FTE: 1.0
Total FTE: 27.6
Nurse hours per case: 6.3
Tech hours per case: 2.6
Administrative hours per case: 4.3
Administrator hours per case: 0.6
Total hours per case: 10.0
Salary & wages
Nurse staff: $32.12
Tech staff: $20.92
Administrative staff: $23.09
Total hourly: $27.03
Administrator salary: $109,184
Payor mix as percent of gross charges
Medicare: 25 percent
Medicaid: 5 percent
Commercial: 58 percent
Workers’ comp: 5 percent
Self-pay: 4 percent
Other: 7 percent
Revenue per case by specialty
ENT
Gross charges: $7,433
Net revenue: $1,761
GI/Endoscopy
Gross charges: $3,517
Net revenue: $778
General surgery
Gross charges: $6,058
Net revenue: $1,689
OB/GYN
Gross charges: $6,788
Net revenue: $1,953
Ophthalmology
Gross charges: $5,708
Net revenue: $1,267
Oral surgery
Gross charges: $3,464
Net revenue: $1,078
Orthopedics
Gross charges: $9,398
Net revenue: $2,585
Pain management
Gross charges: $4,103
Net revenue: $955
Plastic
Gross charges: $6,738
Net revenue: $1,516
Podiatry
Gross charges: $7,574
Net revenue: $1,871
Urology
Gross charges: $6,484
Net revenue: $1,639
Other
Gross charges: $6,688
Net revenue: $1,718
Learn more about VMG Health’s Intellimarker.
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