Here are 11 statistics about operating expenses in ASCs, according to VMG Health's Multi-Specialty ASC Intellimarker 2010.
1. The average total annual operating expenses for surgery centers was $4.8 million, with a median of $4.9 million.
2. Employee salary and wages constituted the highest percentage of a surgery center's annual operating expenses at an average of 23.7 percent.
3. Medical and surgical costs represented the second highest percentage of a surgery center's annual operating expenses at an average of 20.6 percent.
Operating expenses by type
Note: These numbers are in thousands. Costs are on an annual basis.
4. Employee salary and wages
• Average — $1,488
• Median — $1,284
5. Medical and surgical costs
• Average — $1,386
• Median — $1,196
6. General and administrative costs
• Average — $1,061
• Median — $992
7. Occupancy costs
• Average — $454
• Median — $427
8. Depreciation and amoritization
• Average — $324
• Median — $271
9. Taxes and benefits
• Average — $321
• Median — $279
10. Other medical costs
• Average — $1,488
• Median — $1,284
11. Insurance
• Average — $54
• Median — $43
VMG information comes from VMG Health's Multi-Specialty ASC Intellimarker 2010 benchmarking study. VMG Health is a leading valuation and transaction advisory firm in healthcare. To receive a complimentary copy of VMG Health's 2010 Multi-Specialty ASC Intellimarker, click here.
1. The average total annual operating expenses for surgery centers was $4.8 million, with a median of $4.9 million.
2. Employee salary and wages constituted the highest percentage of a surgery center's annual operating expenses at an average of 23.7 percent.
3. Medical and surgical costs represented the second highest percentage of a surgery center's annual operating expenses at an average of 20.6 percent.
Operating expenses by type
Note: These numbers are in thousands. Costs are on an annual basis.
4. Employee salary and wages
• Average — $1,488
• Median — $1,284
5. Medical and surgical costs
• Average — $1,386
• Median — $1,196
6. General and administrative costs
• Average — $1,061
• Median — $992
7. Occupancy costs
• Average — $454
• Median — $427
8. Depreciation and amoritization
• Average — $324
• Median — $271
9. Taxes and benefits
• Average — $321
• Median — $279
10. Other medical costs
• Average — $1,488
• Median — $1,284
11. Insurance
• Average — $54
• Median — $43
VMG information comes from VMG Health's Multi-Specialty ASC Intellimarker 2010 benchmarking study. VMG Health is a leading valuation and transaction advisory firm in healthcare. To receive a complimentary copy of VMG Health's 2010 Multi-Specialty ASC Intellimarker, click here.