RECENT POSTS
Monday, May 20, 2019
Research Paper: Capex Spending

Thursday, May 16, 2019
Psst: Got Any Weed?

Wednesday, May 15, 2019
Open Letter: SEC Proposed Rule for BDCs

Friday, May 10, 2019
General Motors and Workhorse

Monday, May 6, 2019
How to Find Earnings Release Data

Tuesday, April 23, 2019
Following Restructuring Costs Over Time

Monday, April 22, 2019
Capex Spending: More Than You Might Think

Saturday, April 13, 2019
When AWS Takes Over the World

Thursday, April 11, 2019
Data Trends in Focus: Restructuring Costs

Sunday, April 7, 2019
How One Customer Crushed It With Calcbench

Thursday, April 4, 2019
TJX Shows Complexity of Leasing Costs Reporting

Tuesday, April 2, 2019
CEO Pay Ratios: Some 2018 Thoughts

Wednesday, March 27, 2019
Corporate Spending: Where It Goes, 2017 vs. 2018

Monday, March 25, 2019
Health Insurers: A Bit Winded?

Friday, March 22, 2019
Our New Master Class Video

Thursday, March 21, 2019
Tech Data’s Goodwill Adjustment

Tuesday, March 19, 2019
There’s Taxes, and There’s Taxes

Saturday, March 16, 2019
Adventures in Tax Cuts and Net Income

Monday, March 11, 2019
Big Moves in Goodwill, Intangible Value

Friday, March 8, 2019
CVS, Goodwill, and Enterprise Value

Archive  |  Search:

We noticed an article on Bloomberg this week about the healthcare industry, and the frustration some medical practices are experiencing with high-deductible healthcare plans — that patients with those plans aren’t paying their bills on time, forcing medical practices to spend more time collecting overdue debts.

Interesting, we thought, because Calcbench grumbles about health insurance costs as much as anyone else these days. So how might a financial analyst following healthcare companies use our data to get a clearer sense of that problem in the companies you follow?

We did a quick experiment here using lab testing kingpin Quest Diagnostics as the target.

First, we visited our Multi-Company Page and entered Quest as our company to study. Immediately results started appearing on our screen, of both Quest and its peers: Laboratory Corp. of America, First Choice Healthcare Solutions, Genomic Health, and a bunch more.

A good start, but the standard results you see are revenue, operating income, operating cash flow, and assets. We wanted to explore unpaid debts and how that line item may be changing over time.

Well, unpaid debts are reported as account receivables. So we went to the Search Standardized Metrics field above our list of results and started typing in “receivables.” Right away, one option that came up was “increase or decrease in receivables.” We selected that one, and a new column of data appeared listing that change for each company we were staring at.

Better, but we specifically want to see the changes reported at Quest over the last several years. How do to that?

Move your cursor back to the listing for Quest Diagnostics on the left side, and a few options will magically appear — including one that says “history.” (We’ve enhanced the image below and noted it in red.

Click on the history feature, and you’ll see a period-by-period summary for each line item for that specific company you selected. See Figure 2, below.



Now we can see the historical data we wanted to find. Then it’s a matter of exporting that data to Excel (shout here for our Excel Add-In feature), so you can run whatever analysis you want. We decided to compare period-by-period trends in revenue and change in account receivables. You can clearly see the trend line for revenue is going up, while the trend in receivables is going down.





So yes, Quest might be having more difficulty collecting payment from patients with high-deductible plans, but the data doesn’t suggest any calamity that might be material to the company. You could also then visit our Interactive Disclosures page to dive into the data more deeply, perhaps searching for “deductible” or “debts” in the narrative disclosures for more detail.

Most important for Calcbench users is simply the ease of finding all this data. We ran these searches within a few minutes. Professional analysts who know exactly what they want to search can do the same, and get results with, well, surgical precision.


FREE Calcbench Premium
Two Week Trial

Research Financial & Accounting Data Like Never Before. More features and try our Excel add-in. Sign up now to try the Premium Suite.