Imaging services provider Radiologix has revised its financial guidance for fiscal year 2002 to reflect lower volume and service-fee revenue in July and August this year. The company attributes the downturn to a higher-than-anticipated concentration of patient and referring physician vacations in July and August, as well as the effect of its previous decision to terminate some capitation contracts in two markets, including the implementation of pre-authorization programs by several payors.
Radiologix said it expects to see a days sales outstanding (DSO) level between 68 and 73 days, and income growth before interest, taxes, depreciation, and amortization (EBITDA) of $73.5 million. Revenues are estimated at $290 million for the 2002 fiscal year.
By AuntMinnie.com staff writersSeptember 25, 2002
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