Liquidity Analysis for Surgery Centers Based on Facility Size

Here are the median amounts of cash, net accounts receivable and working capital for surgery centers and their relative percentages of total assets, based on the number of operating rooms at a facility, according to VMG Health’s 2009 Intellimarker.

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1. Cash

  • All facilities — $511,000
  • 1-2 ORs — $346,000
  • 3-4 ORs — $386,000
  • More than 4 ORs — $731,000

2. Cash as a percent of total assets

  • All facilities — 15.8 percent
  • 1-2 ORs — 13.5 percent
  • 3-4 ORs — 163 percent
  • More than 4 ORs — 14.5 percent

3. Net A/R

  • All facilities — $653,000
  • 1-2 ORs — $649,000
  • 3-4 ORs — $570,000
  • More than 4 ORs — $929,000

4. Net A/R as a percent of total assets

  • All facilities — 21.1 percent
  • 1-2 ORs — 21.4 percent
  • 3-4 ORs — 23.3 percent
  • More than 4 ORs — 17.1 percent

5. Working capital

  • All facilities — $900,000
  • 1-2 ORs — $802,000
  • 3-4 ORs — $800,000
  • More than 4 ORs — $1.392 million

6. Working capital as a percent of net revenue

  • All facilities — 13.5 percent
  • 1-2 ORs — 14.5 percent
  • 3-4 ORs — 13.1 percent
  • More than 4 ORs — 13.6 percent

To receive a free copy of VMG Health’s 2009 Intellimarker, click here

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