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Strategies & Market Trends : Floorless Preferred Stock/Debenture
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To: Zeev Hed who wrote (637)7/10/1999 10:36:00 PM
From: BDR  Read Replies (1) of 1438
 
Zeev- this discussion of AVF piqued my interest and with a little investigation I learned we are talking about a mobile fluoro unit. Since I am in the medical field and run my own office I feel qualified to comment on the A/R issue and you are absolutely right. There is a major problem here.

For a physician's office: two months of receivables in A/R- doing pretty well. Three months- OK but you might want to look at your systems to see what you can improve. Usually anything beyond 120-150 days is unlikely to ever get paid. 180 days is as good as a right off and you might as well think about turning them over to collections if you are so inclined. 17 months? Forget it. Either they have the most incompetent person on the planet doing the billing, nobody at all doing the billing, or some kind of fraud is being perpetuated.
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