10 Statistics on Cash in ASCs

Here are 10 statistics on cash in ambulatory surgery centers, based on data from VMG Health’s Multi-Specialty ASC Intellimarker 2010.

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1. Average cash in ASCs was $525,000, representing 15.9 percent of total assets.

Based on number of operating rooms:

2. Average cash in ASCs with 1-2 ORs was $345,000, representing 14.2 percent of total assets.
3. Average cash in ASCs with 3-4 ORs was $403,000, representing 16.9 percent of total assets.
4. Average cash in ASCs with more than four ORs was $741,000, representing 14.8 percent of total assets.

Based on case volume:

5. Average cash in ASCs with fewer than 3,000 annual cases was $237,000, representing 15.9 percent of total assets.
6. Average cash in ASCs with 3,000-5,999 annual cases was $351,000, representing 18 percent of total assets.
7. Average cash in ASCs with more than 5,999 annual cases was $690,000 representing 17.4 percent of total assets.

Based on net revenue:

8. Average cash in ASCs with less than $4.5 million in annual net revenue was $187,000, representing 14.7 percent of total assets.
9. Average cash in ASCs with $4.5-$6.99 million in annual net revenue was $359,000, representing 14.7 percent of total assets.
10. Average cash in ASCs with more than $6.99 million in annual net revenue was $846,000, representing 20.7 of total assets.

Read more benchmarking statistics from VMG Health:

VMG information comes from VMG Health’s Multi-Specialty ASC Intellimarker 2010 benchmarking study. VMG Health is a leading valuation and transaction advisory firm in healthcare. To receive a complimentary copy of VMG Health’s 2010 Multi-Specialty ASC Intellimarker, click here.

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.

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