AmSurg has reported its financial results for the fourth quarter and year ended Dec. 31, 2010, highlighted by an 11 percent increase in revenues, 9 percent increase in procedures and 2 percent increase in average revenue per procedure for the quarter, according to a news release.
Same-center revenues were flat for the quarter.
For the year, AmSurg reported an 8 percent increase in revenues and the addition of seven ambulatory surgery centers, three of which were added during the fourth quarter.
Christopher Holden, AmSurg CEO, said he expects AmSurg to experience same-center revenues in a range of 0 percent to a negative 1 percent and the addition of 18-20 new centers in 2011.
He anticipates a much better 2012, according to the news release, with AmSurg benefitting from the completion of reductions in Medicare rate reimbursement in 2011, with no scheduled reduction in Medicare rates for 2012 for the first time in four years.
Read the news release about the financial results of AmSurg.