Accounts Receivable Analysis for Orthopedic-Driven ASCs

Here is an accounts receivable analysis for ASCs with greater than 50 percent of their case volume in orthopedics, according to VMG Health’s 2009 Intellimarker. Note: Figures provided are averages, dollar amounts are in thousands.

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1. A/R (Gross) — $1,487

 

2. A/R (Net) — $820

 

3. A/R turnover (Net) — 9.09 days

 

4. A/R days outstanding (Net) — 43 days

 

5. A/R aging

  • 0-30 days — 43.7 percent
  • 31-60 days — 23.1 percent
  • 61-90 days — 9.5 percent
  • 91-120 days — 5.7 percent
  • Over 120 days — 17.9 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.

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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