This report includes the analysis for the top ASCs.
Top 75th percentile
1. Cash: $1.1 million
2. Cash as a percent of total operating expenses: 18.9 percent
3. Days of cash on hand: 69.1
4. Net accounts receivable: $1.2 million
5. Net A/R as a percent of total net operating revenue: 10.8 percent
6. A/R days outstanding: 39.6
7. Net working capital: $2 million
8. Net working capital as a percentage of revenue: 19.5 percent
9. Net working capital less cash: $890,000
10. Net working capital less cash as a percentage of revenue: 9.1 percent
11. Current ratio: 4.6
Top 90th percentile
1. Cash: $2.1 million
2. Cash as a percent of total operating expenses: 29.8 percent
3. Days of cash on hand: 108.9
4. Net accounts receivable: $1.6 million
5. Net A/R as a percent of total net operating revenue: 14.8 percent
6. A/R days outstanding: 54
7. Net working capital: $3.2 million
8. Net working capital as a percentage of revenue: 25.4 percent
9. Net working capital less cash: $1.3 million
10. Net working capital less cash as a percentage of revenue: 13.4 percent
11. Current ratio: 5.8
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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.
