Operating expenses:
Total operating expenses — $5.2 million
Employee salary and wage — $1.6 million
Taxes and benefits — $359,000
Occupancy costs — $477,000
Medical and surgical — $1.5 million
Depreciation and amortization — $349,000
Assets:
Cash and equivalents — $744,000
Net accounts receivable — $781,000
Other current assets — $224,000
Liabilities:
Current liabilities — $457,000
Total long-term debt — $1.3 million
Other long-term liabilities — $302,000
Liquidity:
Cash — $757,000; percent of total assets — 20.2
Net accounts receivable — $782,000; percent of total assets — 23.8
Working capital — $1.2 million; percent of net revenue — 15.6
Accounts receivable:
Gross — $1.4 million
Net — $781,000
Net A/R turnover — 11.36
Net A/R days outstanding — 36
More Articles on Turnarounds:
5 Tips for Introducing New Technology to Your Board
25 Statistics on ASC Payor Mix
4 Advantages of Using Cloud-Computing Software for ASCs
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.
