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Article: Team Finance LLC Announces Third Quarter 2009 Results.(Financial report)
- Article from:
- Investment Weekly News
- Article date:
- November 21, 2009
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TeamHealth Inc.'s parent company, Team Finance LLC (the "Company"), announced results for the third quarter of 2009.
Net revenue less provision for uncollectibles ("revenue less provision") in the third quarter of 2009 increased 8.6% to $363.0 million from $334.3 million in the third quarter of 2008. Same contract revenue less provision for the quarter increased 7.5% to $331.0 million from $307.9 million in the same period a year ago. During the third quarter of 2009, growth in same contract revenue less provision was positively impacted by increases in billed patient volume, which contributed approximately 4.9% of growth between quarters. Increases in estimated ...
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