Here are 15 statistics on ambulatory surgery center revenue cycles for orthopedics-driven centers based on the VMG Health Multi-Specialty ASC Intellimarker 2011.
1. Average net revenue: $7.885 million
2. Cash and equivalents: $963,000
3. Net accounts receivable: $734,000
4. Working capital: $1.5 million
5. Days operating expenses: 85
6. Accounts receivable - Gross: $1.96 million
7. Accounts receivable - Net: $735,000
8. A/R turnover - Net: 9.84
9. A/R days outstanding - Net: 40
10. Gross charges per case: $9,530
11. Net revenue per case: $3,069
12. Medicare (as a percent of gross charges): 17 percent
13. Commercial payers (as a percent of gross charges): 67 percent
14. Workers compensation (as a percent of gross charges): 12 percent
15. Self pay (as a percent of gross charges): 1 percent
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1. Average net revenue: $7.885 million
2. Cash and equivalents: $963,000
3. Net accounts receivable: $734,000
4. Working capital: $1.5 million
5. Days operating expenses: 85
6. Accounts receivable - Gross: $1.96 million
7. Accounts receivable - Net: $735,000
8. A/R turnover - Net: 9.84
9. A/R days outstanding - Net: 40
10. Gross charges per case: $9,530
11. Net revenue per case: $3,069
12. Medicare (as a percent of gross charges): 17 percent
13. Commercial payers (as a percent of gross charges): 67 percent
14. Workers compensation (as a percent of gross charges): 12 percent
15. Self pay (as a percent of gross charges): 1 percent
More Articles on ASC Issues:
AAAHC: 9 Top Surgery Center Accreditation Slip-Ups & Their Foolproof Solutions
234 People in the ASC Industry to Know
Consolidation in Healthcare: Should ASCs Join In?