All I can say is that talking about revenue is a waste of time when the bottom line earnings is a small fraction of reported "gross billings" also referred to as revenue. An EBITDA number $47K is embarrassing in my opinion and they probably pulled out all the stops to deliver that number. Teh FAQ page attempted to tamp down earnings expectations explaining the numbers reported.
In November and December the Company reported that the ARIA treatment center had Gross billing numbers of $602,000.00. What did that mean?
"The various Gross Billing amount for a single day of treatment in Detox is $4,500.00, Residential $3,950.00, PHP $3,200.00, IOP $2800.00 and OP$2,200.00. In-network contracts would pay anywhere from 5% to 15% of those rates. Out-of-Network claims could pay around 25% to 35% of amount claimed. In addition there are deductibles, co-pays, and co-insurance that affect the actual net on the claims."
"The segmented information for the ARIA treatment center was an EBITDA of $47,359 for the quarter. Revenue is recorded based on the adjusted gross billing for the period. The facility has been averaging a net collection of gross billings at a rate of approximately 13%."
News 
Market Data 
Discover 
