“We are delighted to bring this resource to the GI market. It provides critical comparable information for owners, operators, developers, capital providers, consultants and many others with an interest in the segment” commented Chad Coben, president of Informed Healthcare. “The Endoscopy Intellimarker will provide the Endoscopy industry with an “apples-to-apples” benchmarking study the market has long been awaiting,” says Greg Koonsman, founding principal of VMG Health. “Any financial or operational metric a center needs to compare is now available. Industry leaders, owners and operators need to continuously review the performance of their business to remain competitive. The Endoscopy Intellimarker provides data that allows operators to do just that.”
The data in the Endoscopy Intellimarker is broken down by facility size in terms of number of operating rooms, annual case volume and annual net revenue, and also offers a side-by-side comparison of single-specialty endoscopy centers to multi-specialty ambulatory surgery centers (ASCs) with varying levels of endoscopy case volume. Each section includes analyses and key findings for a given data set, such as payor mix, case volume, gross charges and net revenue per case, detailed operating expenses, staffing statistics, including hours worked per case and wages by employee type, accounts receivable aging, working capital, fixed assets and a host of other critical operating metrics.
Specific findings from InforMed’s Endoscopy Intellimarker include:
-- The average net revenue per GI case in multi-specialty ASCs is approximately $750, significantly higher than the net revenue per case reported in single-specialty endoscopy centers. This is largely attributable to better contracts with commercial payors as a result of hospital affiliations as well as a higher acuity case mix in the multi-specialty ASCs.
-- Because of the efficiencies associated with single-specialty endoscopy centers, the annual case volume per operating and procedure room of approximately 1,775 cases, is nearly twice the case volume reported in multi-specialty ASCs.
-- Of the centers that received payments from Medicare and/or Medicaid, the median percentage made up by Medicare and Medicaid combined comprised approximately 30 percent of the gross charges of those centers.
-- The Endoscopy Intellimarker reported the top one, two, and three volume producing physicians in a typical endoscopy facility contributed a median 26 percent, 45 percent, and 73 percent of the total case volumes, respectively.
-- Medical and surgical supplies expenses per case are lowest in the single-specialty endoscopy centers that process the highest number of cases.
-- The Endoscopy Intellimarker reported that the median square feet per facility is 3,958 square feet with an average of approximately 2.5 operating and procedure rooms per facility. The median rental rate for single-specialty endoscopy centers is approximately $23 per square foot.
-- The Endoscopy Intellimarker research showed the average staff hours per case to be approximately 5.6 hours.
-- Median total hourly wage rate across all facilities reporting data was $24.99, including all nursing, technical and administrative staff. Reported total hourly wage rate decreased as the facility sizes increased.
InforMed’s Endoscopy Intellimarker is available now in printed format or on CD-ROM, and can be purchased by calling InforMed at (214) 866-0103.
Source: InforMed Healthcare Media