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.
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