Net income from continuing operations attributable to NovaMed in the fourth quarter of 2009 was $1.798 million compared to $1.789 million in the prior year fourth quarter, according to the release.
“NovaMed continues to execute well in a difficult environment as demonstrated by our fourth quarter results and the significant improvement in our same-facility revenue growth,” Thomas S. Hall, Chairman, president and CEO of NovaMed, said in the release. “December was a very strong month for surgical procedures performed in our surgery centers. While we are encouraged by the continuing improvement in same-facility revenue growth, we remain cautious as to how this trend will develop over the next several quarters.”
For the year ended Dec. 31, 2009, total net revenue grew to $156.4 million, up 11 percent from $141.2 million in 2008. Same-facility net revenue in 2009 was flat with 2008, according to the release.
Read the release on NovaMed’s fourth quarter results.
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.
