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US Oncology Reports 2009 Fourth Quarter and Year End Operating Results
Date:2/25/2010

n class="xn-money">$1.7 million, or 10.1 percent, compared to the same period in 2008.  The revenue decrease is primarily due to fewer patient enrollments in research studies.  In the fourth quarter of 2009, Adjusted EBITDA from research and other services was a loss of $1.6 million, an increased loss of $0.1 million from the fourth quarter of 2008 primarily due to the discontinuation of Oncology Reimbursement Solutions ("ORS"), our billing and collection service offering.

During 2009, research and other services revenue increased $11.1 million, or 18.8 percent, which reflects an increase in blood and marrow transplant cases at some of our CSA physicians' practices.  Adjusted EBITDA increased $7.2 million as compared to 2008.  The increase is primarily due to cost savings realized as part of new incentive programs.  The new incentives reflect our strategy to expand our research network, launch a contract research organization, and create aligned incentives with participating physicians which encourage long-term research programs.  The new incentives focus on long-term growth, and as a result, accruals for amounts due to researchers for activities during 2009 were lower than in the prior year.  These increases were partially offset by higher investments for new service offerings, such as Innovent, as compared to 2008.

Corporate Costs


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SOURCE US Oncology, Inc.
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