Northstar Healthcare, a Houston-based company partnering with physicians on ownership and management of ambulatory facilities and healthcare services, reported $6.5 million for fourth quarter 2012 revenue.
The company generated $20.9 million in net patient service revenue in 2012, compared to $14.4 million in 2011. Cash flow at the end of 2012 was reported as $2.8 million, a slight increase over 2011 despite a lower case volume. The company focused on managing the revenue cycle last year, which had positive results in collections.
Last year the company successfully re-syndicated its three ambulatory surgery centers for equity alignment and future growth, as well as enhanced distributions, according to Northstar founder and CEO Donald Kramer, MD.
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The company generated $20.9 million in net patient service revenue in 2012, compared to $14.4 million in 2011. Cash flow at the end of 2012 was reported as $2.8 million, a slight increase over 2011 despite a lower case volume. The company focused on managing the revenue cycle last year, which had positive results in collections.
Last year the company successfully re-syndicated its three ambulatory surgery centers for equity alignment and future growth, as well as enhanced distributions, according to Northstar founder and CEO Donald Kramer, MD.
More Articles on Surgery Centers:
8 Steps for Smooth ASC Patient Flow
An Evolving Industry: 6 Trends in Ambulatory Surgery Centers
Physician Recruitment Trends for ASCs: Q&A With Paul Eiseman of Regent Surgical Health