Medical Facilities Corporation reported $72.9 million in revenue for the first quarter of 2013, with a 92.2 percent payout ratio.
Consolidated facility service revenue increased 23.7 percent from the same period last year, due to revenue from the recently acquired Arkansas Surgical Hospital. The company's two specialty hospitals and ambulatory surgery centers experienced a revenue decline from unfavorable case and payor mix, and a pain management case reduction.
Net income dropped when compared with the same period last year.
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Consolidated facility service revenue increased 23.7 percent from the same period last year, due to revenue from the recently acquired Arkansas Surgical Hospital. The company's two specialty hospitals and ambulatory surgery centers experienced a revenue decline from unfavorable case and payor mix, and a pain management case reduction.
Net income dropped when compared with the same period last year.
More Articles on Surgery Centers:
4 Ways for ASCs to Save Real Dollars on Human Resources
Outlook for ASC Development & Transactions: 8 Key Trends
10 Statistics on Orthopedic-Driven Surgery Center Operating Expenses