complementary to our evidence-based clinical pathways that have been
adopted by approximately 90 percent of practices affiliated under
comprehensive service agreements and form the foundation of an
integrated Care Management model.
-- We added 190 physicians to our network and, in January 2008, executed
a comprehensive services agreement with a 47 physician practice that
represents our largest practice affiliation.
-- The Company continued to match affiliated practices with economic
models that both align our economic interests and acknowledge the
varied scope of services that our customers seek. During the fourth
quarter, two practices previously affiliated under comprehensive
agreements chose to affiliate under our OPS model.
-- We ended the year with over 600 providers implemented on our
electronic medical record, an increase of over 70% since
December 31, 2006.
-- From the end of 2006, our accounts receivable days outstanding
decreased by 5 days to 33 days as of December 31, 2007.
-- We strengthened our management team through the addition of Glen
Laschober as chief operating officer and through the expansion of our
regional leadership team to enhance the support of our existing
practice operations and the integration of new practices into our
Results of Operations
The Company operates and manages its business through four operating
segments. The table below compares the results of the fourth quarter of
2007 and fiscal year 2007, to the results of the corresponding period of
the prior year and the preceding quarter (in millions).
Q4 Q4 % Q3 % Fiscal Fiscal %
2007 2006 Change 2007 Change 2007 2006 Change
|SOURCE US Oncology Holdings, Inc.|
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