AOPA Releases Latest Statistics
The American Orthotic & Prosthetic Association (AOPA) has released the latest O&P industry statistics in the 2004 AOPA Operating Performance and Compensation (OPC) Report, giving O&P facilities new benchmarks for evaluating and identifying opportunities to improve business performance.
Using data representing over 890 O&P facility locations, the OPC Report includes comparative financial ratios in every cost category of running an O&P business, AOPA noted. The OPC Report enables O&P facilities to compare and evaluate significant differences in their own financial, operating, and compensation figures to that of others in the industry. In addition, the OPC Report provides data on the "Profit Leaders," the upper 25 percent of O&P facilities, based on return-on-assets figures.
The OPC Report includes:
- in-depth financial profile of the O&P industry;
- balance sheets and income statements;
- compensation information;
- employee benefit analysis;
- payer information organized by total revenue size; and
- community size and profitability.
The Table of Contents of the OPC Report can be viewed at www.AOPAnet.org . Customers can visit the website or call the AOPA Bookstore at 301.362.6910.