Accounts Receivable Analysis for Surgery Centers With More Than 50% Orthopedics

Here is an accounts receivable analysis for surgery centers that perform more than 50 percent of their cases in orthopedics, according to VMG Health’s 2009 Intellimarker.

Advertisement

1. A/R – Gross

  • Average — $1.49 million
  • Median — $1.09 million

2. A/R – Net

  • Average — $820,000
  • Median — $743,000

3. A/R turnover

  • Average — 9.09 days
  • Median — 8.86 days

4. A/R days* outstanding

  • Average — 43 days
  • Median — 41 days

A/R aging
5. 0-30 days

  • Average — 43.7 percent
  • Median — 47.5 percent

5. 31-60 days

  • Average — 23.1 percent
  • Median — 21.5 percent

6. 61-90 days

  • Average — 9.5 percent
  • Median — 9.9 percent

7. 91-120 days

  • Average — 5.7 percent
  • Median — 5.6 percent

8. Over 120 days

  • Average — 17.9 percent
  • Median — 13.8 percent

*A/R days are calculated by dividing A/R by total net revenue times the number of days in the period (365 for an annual calculation).

To receive a free 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.

Advertisement

Next Up in Uncategorized

Advertisement

Comments are closed.