1. Accounts receivable analysis:
(Note: Figures provided are averages, dollar amounts are in thousands.)
– A/R gross — $1,313
– A/R net — $653
– A/R turnover — 9.92 days
– A/R days outstanding — 37 days
– A/R aging
- 0-30 days — 51.3 percent
- 31-60 days — 18.3 percent
- 61-90 days — 8.7 percent
- 91-120 days — 5.5 percent
- Over 120 days — 12.5 percent
2. Average staff hours per case:
– Nursing staff — 6.3 hours/case
– Technical staff — 2.5 hours/case
– Administrative* staff — 4.1 hours/case
– Administrator — 0.5 hours/case
– Total hours per case — 11.6 hours/case
3. EBITDA margin analysis by net revenue:
– Less than $3 million
- Average — 9.3 percent
- Median — 11.3 percent
– $3.0-$4.9 million
- Average — 19.8 percent
- Median — 18.8 percent
– $5.0-$6.9 million
- Average — 31.9 percent
- Median — 33.0 percent
– $7.0-$8.9 million
- Average — 31.4 percent
- Median — 29.3 percent
– Over $9 million
- Average — 37.0 percent
- Median — 37.4 percent
4. Orthopedics gross charge and revenue statistics by number of ORs:
Gross charges
- All facilities — $8,026
- 1-2 ORs — $7,768
- 3-4 ORs — $7,633
- More than 4 ORs — $9,657
Net revenue
- All facilities — $2,453
- 1-2 ORs — $2,111
- 3-4 ORs — $2,482
- More than 4 ORs — $2,383
5. GI/endoscopy gross charge and revenue statistics by number of ORs:
Gross charges
- All facilities — $3,040
- 1-2 ORs — $2,675
- 3-4 ORs — $3,099
- More than 4 ORs — $3,320
Net revenue
- All facilities — $790
- 1-2 ORs — $676
- 3-4 ORs — $771
- More than 4 ORs — $947
6. Ophthalmology gross charge and revenue statistics by number of ORs:
Gross charges
- All facilities — $5,385
- 1-2 ORs — $5,043
- 3-4 ORs — $5,046
- More than 4 ORs — $6,074
Net revenue
- All facilities — $1,226
- 1-2 ORs — $1,119
- 3-4 ORs — $1,216
- More than 4 ORs — $1,319
7. Pain management gross charge and revenue statistics by number of ORs:
Gross charges
- All facilities — $3,873
- 1-2 ORs — $3,259
- 3-4 ORs — $3,755
- More than 4 ORs — $3,959
Net revenue
- All facilities — $890
- 1-2 ORs — $919
- 3-4 ORs — $903
- More than 4 ORs — $882
8. ENT gross charge and revenue statistics by number of ORs:
Gross charges
- All facilities — $6,975
- 1-2 ORs — $6,821
- 3-4 ORs — $7,143
- More than 4 ORs — $6,790
Net revenue
- All facilities — $1,725
- 1-2 ORs — $1,799
- 3-4 ORs — $1,793
- More than 4 ORs — $1,749
9. General surgery gross charge and revenue statistics by number of ORs:
Gross charges
- All facilities — $5,330
- 1-2 ORs — $4,285
- 3-4 ORs — $5,431
- More than 4 ORs — $5,444
Net revenue
- All facilities — $1,522
- 1-2 ORs — $1,230
- 3-4 ORs — $1,522
- More than 4 ORs — $1,583
10. Labor costs as a percentage of net revenue
Average — 23.8 percent
Median — 23 percent
Information comes from VMG Health’s Intellimarker benchmarking study. VMG Health is a leading valuation and transaction advisory firm in healthcare. To receive a complimentary copy of VMG Health’s 2009 Intellimarker, click here.
* “Administrative staff” can include all employees other than nurse and tech FTEs. Depending on what the ASC outsources with respect to back office functions (billing/ collections, mgmt services, accounting, HR, etc.), this can include receptionists, administrators, insurance verifiers, schedulers, transcriptionists, coders, billing/collections staff, medical records staff and accounts payable staff.
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.
