Here are 37 ASC benchmarks to know on management and operating expenses from a variety of sources in the industry.
The following statistics on general and administrative operating expenses for ASCs are based on data from the VMG Health 2018 Multi-Specialty ASC Benchmarking Study.
Operating expense as a percent of net revenue
1. All facilities: 16.6 percent
2. Atlantic: 16.9 percent
3. Midwest: 17.5 percent
4. Mountain: 15.9 percent
5. Northeast: 16.1 percent
6. Pacific: 14.8 percent
7. South: 16.8 percent
Operating expense per operating room
8. All facilities: $362
9. Atlantic: $354
10. Midwest: $379
11. Mountain: $321
12. Northeast: $468
13. Pacific: $417
14. South: $343
Operating expense per case
15. All facilities: $314
16. Atlantic: $283
17. Midwest: $385
18. Mountain: $319
19. Northeast: $305
20. Pacific: $279
21. South: $348
HealthCare Appraisers released the 2018 ASC Valuation Survey which offers insights into ASC valuation and ownership trends. HealthCare Appraisers surveyed 15 respondents that represented 700-plus surgery centers throughout the country. Here are statistics on ASC management fees:
22. Sixty percent of respondents said their typical management fees were between 5 percent and 6 percent of net revenue. Forty percent reported fees were between 3 percent and 4 percent of net revenue. The management fees reported were consistent with responses in last year's survey as well.
23. Of respondents who reported charging a minimum management fee (53 percent), 50 percent indicated their fee is between $100,000 and $199,999 annually, whereas 40 percent charged a fee that varied based on revenue generated by an ASC.
24. Thirteen percent of respondents said they had performance-based fee arrangements, whereas 87 percent said they had no performance-based arrangements.
25. Sixty percent observed typical fees for billing and collections, ranging from 4.0 percent to 5.9 percent of collections; however 40 percent collected between 3.0 percent and 3.9 percent of collections.
Here are 12 statistics on how many ASCs organizations have under ownership and management from HealthCare Appraisers' 2018 ASC Valuation Survey. Data was collected from 15 respondents representing 700-plus surgery centers in the U.S.
ASCs under ownership
26. Less than 10: 53 percent
27. Eleven to 20: 13 percent
28. Twenty-one to 30: 0 percent
29. Thirty-one to 40: 0 percent
30. Forty-one to 50: 7 percent
31. More than 51: 27 percent
ASCs under management
32. Less than 10: 43 percent
33. Eleven to 20: 29 percent
34. Twenty-one to 30: 0 percent
35. Thirty-one to 40: 0 percent
36. Forty-one to 50: 7 percent
37. More than 51: 21 percent