VMG Health's 2018 Multi-Specialty ASC Benchmarking Study broke down the liquidity analysis for ASCs by region.
The 2018 multispecialty ASC study is based on data from 2016 and 2017 collected from over 275 centers, encompassing a surgical case volume of over 1.3 million.
Here are the key statistics to know:
Atlantic
Cash and equivalents: $564,000
Percent of total operating expenses: 9.4 percent
Days cash on hand: 34.5
Net accounts receivable: $769,000
Percent of net operating revenue: 8.6 percent
Net working capital: $1,137,000
Midwest
Cash and equivalents: $695,000
Percent of total operating expenses:9.1 percent
Days cash on hand: 33.1
Net accounts receivable: $1,084,000
Percent of net operating revenue: 11.0 percent
Net working capital: $1,355,000
Mountain
Cash and equivalents: $463,000
Percent of total operating expenses: 6.0 percent
Days cash on hand: 22.1
Net accounts receivable: $761,000
Percent of net operating revenue: 8.5 percent
Net working capital: $1,141,000
Northeast
Cash and equivalents: $672,000
Percent of total operating expenses: 10.4 percent
Days cash on hand: 38.1
Net accounts receivable: $1,118,000
Percent of net operating revenue: 48.6 percent
Net working capital: $1,368.000
Pacific
Cash and equivalents: $758,000
Percent of total operating expenses: 9.5 percent
Days cash on hand: 34.7
Net accounts receivable: $965,000
Percent of net operating revenue: 10.2 percent
Net working capital: $1,376,000
South
Cash and equivalents: $889,000
Percent of total operating expenses: 11.7 percent
Days cash on hand: 42.8
Net accounts receivable: $836,000
Percent of net operating revenue: 7.5 percent
Net working capital $1,267,000