Published in MD Week, March 19th, 2010
Revenues for the fourth quarter of 2009 were $61.3 million compared to $67.8 million for the fourth quarter of 2008, representing a decrease of $6.5 million, or 9.6%. Revenues for the year ended December 31, 2009 were $236.3 million compared to $266.9 million for the same period in 2008, representing a decrease of $30.6 million, or 11.5%. Medicare reimbursement reductions effective January 1, 2009 reduced revenues by approximately $6.5 million in the fourth quarter of 2009 and $27.4...
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