Medical Facilities Corporation announced a 34 percent increase in consolidated facility service revenue for the third quarter of 2013, totaling $73 million.
The increase over last year is attributable to including results of Arkansas Surgical Hospital, increased combined surgical cases, a favorable shift in case mix and additional revenue from primary and urgent care. These factors offset decreased payer reimbursements.
Consolidated income from operations increased 20 percent to $19.3 million. Total net income increased to $8 million, compared to $1.7 million over the same period last year.
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The increase over last year is attributable to including results of Arkansas Surgical Hospital, increased combined surgical cases, a favorable shift in case mix and additional revenue from primary and urgent care. These factors offset decreased payer reimbursements.
Consolidated income from operations increased 20 percent to $19.3 million. Total net income increased to $8 million, compared to $1.7 million over the same period last year.
More Articles on Surgery Centers:
5 Tips for Stretching ASC Staff During the Holiday Season
Outlook on the Future of Ambulatory Surgery Centers: Now to 2014
ASC Owners & Operators: 4 Things to Know About Large Employer Health Benefits