Here are five things to know about the company:
1. Its network includes 67 operating rooms, 155 overnight beds, 15 procedure rooms and five urgent care clinics.
2. The company shares some of its ownership with its top surgeons.
3. Medicare and Medicaid comprise 31 percent of the company’s payer mix, compared to 37 percent on average in the U.S. healthcare system overall.
4. Medical Facilities Corp.’s revenue grew from $151.37 million (C$199.4 million) in 2008 to $292.50 million (C$385.3 million) in 2017.
5. Its operating margin decreased from 30.8 percent in 2008 to 17.4 percent in 2017.
More articles on turnarounds:
5 security breaches at ASCs for the first half of the year
What it takes to beat declining reimbursements and higher costs: Key thoughts from the executive director of 3 ASCs
7 things for ASC leaders to know for Thursday — July 5, 2018
At the Becker's 23rd Annual Spine, Orthopedic and Pain Management-Driven ASC + The Future of Spine Conference, taking place June 11-13 in Chicago, spine surgeons, orthopedic leaders and ASC executives will come together to explore minimally invasive techniques, ASC growth strategies and innovations shaping the future of outpatient spine care. Apply for complimentary registration now.
