The company generated $20.9 million in net patient service revenue in 2012, compared to $14.4 million in 2011. Cash flow at the end of 2012 was reported as $2.8 million, a slight increase over 2011 despite a lower case volume. The company focused on managing the revenue cycle last year, which had positive results in collections.
Last year the company successfully re-syndicated its three ambulatory surgery centers for equity alignment and future growth, as well as enhanced distributions, according to Northstar founder and CEO Donald Kramer, MD.
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