Becker's ASC Review

March, April 2017 Issue of Becker's ASC Review

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17 BENCHMARKING • A powerful quality-improvement framework with state-of-the-art benchmarking • Real-world, highly accurate, and specific data that shows your placement in the market by procedure and other criteria • Facts-based sales and marketing data that demonstrate to potential patients your surgery center's superiority To learn more, contact us at 877-602- 0156 or watch our video at SOIX.com. 16 Benchmarks for ASC Balance Sheets By Laura Dyrda H ere is the average ASC's balance sheet based on statistics from the VMG Health 2016 Intellimarker Multi-Specialty ASC Study. Assets Cash and equivalents: $938,000 Net accounts receivable: $923,000 Other current assets: $310,000 Total current assets: $1.8 million Gross PP&E: $4.3 million Accumulated deprecia- tion: -$2.9 million Net fixed assets: $1.4 million Liabilities Current liabilities: $560,000 Current portion of LTD: $231,000 Total current liabilities: $642,000 Long-term debt: $1.3 million Other long term liabilities: $1.4 million Total long term liabilities: $1.5 million Total liabilities: $1.7 mil- lion Equity Shareholders equity: $2.3 million Total liabilities and equity: $3.3 million n 18 Statistics on ASC Payer Mix 2016 By Laura Dyrda H ere are 18 statis- tics on payer mix at ASCs based on the VMG Health 2016 In- tellimarker Multi-Specialty ASC Study. Payer mix as a percentage of gross charges 1. Medicare: 29 percent 2. Medicaid: 7 percent 3. Commercial: 59 percent 4. Worker's compensa- tion: 9 percent 5. Self-pay: 4 percent 6. Other pay: 5 percent Payer mix as a per- cent of cases 7. Medicare: 33 percent 8. Medicaid: 10 percent 9. Commercial: 51 percent 10. Worker's compensa- tion: 4 percent 11. Self-pay: 5 percent 12. Other pay: 9 percent Payer mix as a per- cent of collections 13. Medicare: 19 percent 14. Medicaid: 7 percent 15. Commercial: 65 percent 16. Worker's compensa- tion: 5 percent 17. Self-pay: 10 percent 18. Other pay: 9 percent n

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