Mednax (MD) Tops Q4 EPS by 3c

Mednax (NYSE: MD) reported Q4 EPS of $0.89, $0.03 better than the analyst estimate of $0.86. Revenue for the quarter came in at $651 million versus the consensus estimate of $637.9 million.

Same-unit growth attributable to patient volume was 3.2 percent for the 2014 fourth quarter as compared to the prior-year period. Volume growth in our anesthesia, neonatology, other pediatric services and maternal-fetal medicine was partially offset by a decline in pediatric cardiology services. For the 2014 fourth quarter, compared to the 2013 period, same-unit neonatal intensive care unit (NICU) patient days were up 3.0 percent.

Same-unit growth from net reimbursement-related factors was 1.4 percent. This was principally due to continued modest improvements in reimbursements received from third-party commercial payors resulting from the Company’s ongoing contract renewal process.

On a same-unit basis, the percentage of services reimbursed under government programs decreased by 30 basis points for the 2014 fourth quarter compared with the prior-year period.

For earnings history and earnings-related data on Mednax (MD) click here.

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