Symbion's income from continuing operations increased to $4.2 million in the third quarter of 2013, according to a report from the Nashville Post.
The company reported a net loss of $3.3 million during the third quarter of 2013; however this was still an improvement over the net loss incurred earlier this year. Revenue rose 4 percent to $129 million and revenue per case climbed more than 5 percent.
During the third quarter, Symbion purchased 59 percent share in a surgical center in California and 20 percent in a Tennessee center, spending $2.4 million combined.
Symbion reported spending $449,000 on hardware, software and implementation costs of electronic health records, and expects to receive further incentive payments for their efforts in completing EHR meaningful use requirements.
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The company reported a net loss of $3.3 million during the third quarter of 2013; however this was still an improvement over the net loss incurred earlier this year. Revenue rose 4 percent to $129 million and revenue per case climbed more than 5 percent.
During the third quarter, Symbion purchased 59 percent share in a surgical center in California and 20 percent in a Tennessee center, spending $2.4 million combined.
Symbion reported spending $449,000 on hardware, software and implementation costs of electronic health records, and expects to receive further incentive payments for their efforts in completing EHR meaningful use requirements.
More Articles on Surgery Centers:
Embracing Technology: 12 Surgery Centers With Patient Tracking Systems
10 Top Billed Ophthalmology Procedures With Highest Denial Rates
4 Documents to Have Prepared for Joint Commission Accreditation Surveys at ASCs