With the advent of mandatory quality reporting and increasing pressure on ASCs to cut costs, benchmarking is becoming all the more important. Here are 100 surgery center benchmarks, provided by VMG Health's Multi-Specialty Intellimarker 2011. All numbers are averages.
Income statement
Patient revenues
Gross charges: $29,979,000
Adjustments: $10,288,000
Net revenue: $7,736,000
Operating expenses
Employee salary and wages: $1,552,000
Taxes and benefits: $359,000
Occupancy costs: $477,000
Medical and surgical: $1,530,000
Other medical costs: $111,000
Insurance: $53,000
Depreciation and amortization: $349,000
Total general & administrative expenses: $1,123,000
Total operating expenses: $5,222,000
Operating income: $2,165,000
Other income: $86,000
Net interest expense: $110,000
Earnings before taxes: $2,052,000
EBITDA: $2,513,000
Balance sheet
Assets
Cash and equivalents: $744,000
Net accounts receivable: $781,000
Other current assets: $224,000
Total current assets: $1,686,000
Gross PP&E: $4,100,000
Accumulated depreciation: $2,435,000
Net PP&E: $1,724,000
Other assets: $1,216
Total assets: $4,071
Liabilities
Current liabilities: $457,000
Current portion of LTD: $276,000
Total current liabilities: $599,000
Total long-term debt: $1,303,000
Other LT liabilities: $302,000
Total liabilities: $1,846,000
Equity
Shareholders' equity: $2,264,000
Total liabilities & equity: $4,071,000
Accounts receivable analysis
Accounts receivable – gross: $1,446,000
Accounts receivable – net: $781,000
A/R turnover – net: 11.36
A/R days outstanding – net: 36
A/R aging
0-30 days: 53.4 percent
31-60 days: 17.2 percent
61-90 days: 8.2 percent
Case volume mix as percent of total cases
ENT: 8 percent
GI/endoscopy: 29 percent
General surgery: 7 percent
OB/GYN: 4 percent
Ophthalmology: 17 percent
Oral surgery: 1 percent
Orthopedics: 17 percent
Pain management: 14 percent
Plastic: 4 percent
Podiatry: 3 percent
Urology: 3 percent
Other: 1 percent
Case volume & staffing summary
Total cases per center: 4,714
Cases per day: 18.9
Nurse FTE: 13.3
Tech FTE: 5.4
Administrative FTE: 8.5
Administrator FTE: 1.0
Total FTE: 27.6
Nurse hours per case: 6.3
Tech hours per case: 2.6
Administrative hours per case: 4.3
Administrator hours per case: 0.6
Total hours per case: 10.0
Salary & wages
Nurse staff: $32.12
Tech staff: $20.92
Administrative staff: $23.09
Total hourly: $27.03
Administrator salary: $109,184
Payor mix as percent of gross charges
Medicare: 25 percent
Medicaid: 5 percent
Commercial: 58 percent
Workers' comp: 5 percent
Self-pay: 4 percent
Other: 7 percent
Revenue per case by specialty
ENT
Gross charges: $7,433
Net revenue: $1,761
GI/Endoscopy
Gross charges: $3,517
Net revenue: $778
General surgery
Gross charges: $6,058
Net revenue: $1,689
OB/GYN
Gross charges: $6,788
Net revenue: $1,953
Ophthalmology
Gross charges: $5,708
Net revenue: $1,267
Oral surgery
Gross charges: $3,464
Net revenue: $1,078
Orthopedics
Gross charges: $9,398
Net revenue: $2,585
Pain management
Gross charges: $4,103
Net revenue: $955
Plastic
Gross charges: $6,738
Net revenue: $1,516
Podiatry
Gross charges: $7,574
Net revenue: $1,871
Urology
Gross charges: $6,484
Net revenue: $1,639
Other
Gross charges: $6,688
Net revenue: $1,718
Learn more about VMG Health's Intellimarker.
Related Articles on Benchmarking:
40 Statistics on Surgery Center Staffing Costs
3 Tough Benchmarking Goals for ASCs and How to Meet Them
15 New Statistics on GI/Endoscopy Revenue Per Case
Income statement
Patient revenues
Gross charges: $29,979,000
Adjustments: $10,288,000
Net revenue: $7,736,000
Operating expenses
Employee salary and wages: $1,552,000
Taxes and benefits: $359,000
Occupancy costs: $477,000
Medical and surgical: $1,530,000
Other medical costs: $111,000
Insurance: $53,000
Depreciation and amortization: $349,000
Total general & administrative expenses: $1,123,000
Total operating expenses: $5,222,000
Operating income: $2,165,000
Other income: $86,000
Net interest expense: $110,000
Earnings before taxes: $2,052,000
EBITDA: $2,513,000
Balance sheet
Assets
Cash and equivalents: $744,000
Net accounts receivable: $781,000
Other current assets: $224,000
Total current assets: $1,686,000
Gross PP&E: $4,100,000
Accumulated depreciation: $2,435,000
Net PP&E: $1,724,000
Other assets: $1,216
Total assets: $4,071
Liabilities
Current liabilities: $457,000
Current portion of LTD: $276,000
Total current liabilities: $599,000
Total long-term debt: $1,303,000
Other LT liabilities: $302,000
Total liabilities: $1,846,000
Equity
Shareholders' equity: $2,264,000
Total liabilities & equity: $4,071,000
Accounts receivable analysis
Accounts receivable – gross: $1,446,000
Accounts receivable – net: $781,000
A/R turnover – net: 11.36
A/R days outstanding – net: 36
A/R aging
0-30 days: 53.4 percent
31-60 days: 17.2 percent
61-90 days: 8.2 percent
Case volume mix as percent of total cases
ENT: 8 percent
GI/endoscopy: 29 percent
General surgery: 7 percent
OB/GYN: 4 percent
Ophthalmology: 17 percent
Oral surgery: 1 percent
Orthopedics: 17 percent
Pain management: 14 percent
Plastic: 4 percent
Podiatry: 3 percent
Urology: 3 percent
Other: 1 percent
Case volume & staffing summary
Total cases per center: 4,714
Cases per day: 18.9
Nurse FTE: 13.3
Tech FTE: 5.4
Administrative FTE: 8.5
Administrator FTE: 1.0
Total FTE: 27.6
Nurse hours per case: 6.3
Tech hours per case: 2.6
Administrative hours per case: 4.3
Administrator hours per case: 0.6
Total hours per case: 10.0
Salary & wages
Nurse staff: $32.12
Tech staff: $20.92
Administrative staff: $23.09
Total hourly: $27.03
Administrator salary: $109,184
Payor mix as percent of gross charges
Medicare: 25 percent
Medicaid: 5 percent
Commercial: 58 percent
Workers' comp: 5 percent
Self-pay: 4 percent
Other: 7 percent
Revenue per case by specialty
ENT
Gross charges: $7,433
Net revenue: $1,761
GI/Endoscopy
Gross charges: $3,517
Net revenue: $778
General surgery
Gross charges: $6,058
Net revenue: $1,689
OB/GYN
Gross charges: $6,788
Net revenue: $1,953
Ophthalmology
Gross charges: $5,708
Net revenue: $1,267
Oral surgery
Gross charges: $3,464
Net revenue: $1,078
Orthopedics
Gross charges: $9,398
Net revenue: $2,585
Pain management
Gross charges: $4,103
Net revenue: $955
Plastic
Gross charges: $6,738
Net revenue: $1,516
Podiatry
Gross charges: $7,574
Net revenue: $1,871
Urology
Gross charges: $6,484
Net revenue: $1,639
Other
Gross charges: $6,688
Net revenue: $1,718
Learn more about VMG Health's Intellimarker.
Related Articles on Benchmarking:
40 Statistics on Surgery Center Staffing Costs
3 Tough Benchmarking Goals for ASCs and How to Meet Them
15 New Statistics on GI/Endoscopy Revenue Per Case