"We continued to trend positively with respect to our ongoing efforts to improve collections and made significant strides in the key operating metrics we use to measure uncompensated care," Mr. Brucker said. "During the first quarter, we were also successful in increasing ambulance subsidies by $0.9 million over the prior year to help offset uncompensated care related to uninsured patients."
The Company's results reflected significant progress in key operating metrics related to uncompensated care. Since the three months ended March 31, 2007, when the Company began implementation of seven new initiatives designed to minimize exposure to uncompensated care, it has achieved the following:
* APC increased by $22 per transport to $348 in the first quarter of
fiscal 2008 from $326 in the fiscal 2007 third quarter ended March 31,
* DSO, a measurement of the average time it takes to collect per
transport, improved by three days, to 64 days in the first quarter of
fiscal 2008 from 67 days in the fiscal 2007 third quarter.
* Uncompensated care as a percentage of gross revenue improved to 15.0
percent in the first quarter from 15.2 percent in the third quarter
ended March 31, 2007.
Mr. Brucker continued, "These initiatives have driven reductions in
contractual allowances and decreases in write-offs for uncompensated care,
resulting in a 2.1 percent increase in overall ambulance collection rates.
We view this as a significant improvement in unco
|SOURCE Rural/Metro Corporation|
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