Here are 20 statistics on orthopedic-driven ASC income statements based on statistics from the VMG Health Multi-Specialty ASC Intellimarker.
Patient revenues
1. Gross charges: $27 million
2. Adjustments: ($18 million)
3. Net revenue: $9 million
Operating expenses
4. Employee salary and wages: $1.7 million
5. Taxes and benefits: $404,000
6. Occupancy costs: $675,000
7. Medical and surgical: $2 million
8. Other medical costs: $80,000
9. Insurance: $33,000
10. Depreciation and amortization: $394,000
11. General & administrative bad debt: $207,000
12. Management fees: $253,000
13. Other G&A: $749,000
14. Total G&A: $995,000
15. Total operating expenses: $5.9 million
Operating income
16. Operating income: $3 million
17. Operating income expense: $11,000
18. Net interest expense: $96,000
19. Earnings before taxes: $2.9 million
EBITDA
20. EBITDA: $3.3 million