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.

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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.

 

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