The ARIA revenue only showed up last November and that number represents gross billings for this business model or which the single insurer only returned 13% last quarter. Now notice last week that they get a higher EBITDA number out there without revealing the actual filing? I will be looking for more evidence that they sand bagged last quarters earnings numbers to show some growth. We know that the number of beds didn't actually increase for Q4.
...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%...
...Blue Cross has been billed for approximately 96% of the total revenue in the quarter...
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