Another comparison point we like: general and administrative expenses as a fraction of revenue.
The assumption was that HIPAA would markedly reduce both health plan and health provider administrative expenses.
He slashed staff at headquarters by 75% and halved administrative expenses to 18% of sales.
The 5% annual payout requirement will probably be amended to make certain administrative expenses ineligible.
Some institutions charge a relatively small custodial fee to cover administrative expenses each year.
Meanwhile, operating profit increased 37% as the company leveraged its selling, general and administrative expenses.
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Sky high selling, general, and administrative expenses reduce the EBITDAR margin to the 66th percentile, which still looks pretty good.
Higher selling, general and administrative expenses also were factors dragging down its bottom line, as the company hired more people.
Earnings, however, decreased 37% because of higher selling, general and administrative expenses and a near doubling of research and development costs.
Its selling, general and administrative expenses as a percentage of sales also improved to 11.1% from 11.9% in the year-ago quarter.
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Administrative expenses increase 4% (effectively 8% per pupil) and employee benefits expenses increase just under 1% despite a total decline in staffing.
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Selling, general and administrative expenses also dropped to 16.5% of net sales.
The increased loss is partially attributable to higher general and administrative expenses and lower auction commission revenues, the international auction house said.
Increases in administrative expenses and interest on loans also played a part.
The company said a drop in selling, general and administrative expenses, and lower charges related to store closings helped decrease the red ink.
The growth in ARPU, coupled with lower selling, general and administrative Expenses, helped the operating profit margin expand by 362 basis points to 32.47%.
The reason this is so important is that primary care physicians, internists, family practitioners and others, are being driven out of business by rising administrative expenses.
Costs will be contained, Mr Shumlin says, by cutting administrative expenses, slashing fraud and rewarding doctors for the quality rather than just the quantity of care.
This step could save tens of billions of dollars a year by reducing hospital and physician office administrative expenses, as well as health plan back office expense.
Such plans may be more likely to run afoul of the law's requirements that insurers spend a high portion of premiums on medical care rather than administrative expenses.
Watson says his company can afford to offer financial incentives, because it has newer and more efficient information technology systems than established insurance companies, and lower administrative expenses.
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LabCorp lowered its sales, general and administrative expenses to 21% of revenue last year from 26% in 1999, enabling it to almost triple the net margin to 11.8%.
Operating margin is expected to be approximately 7.5 percent, or 100 basis points higher than the prior year quarter, primarily as a result of improved leverage on selling, general and administrative expenses.
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Selling, general, and administrative expenses as well as manufacturing fixed costs were kept well under control, while the quarter was burdened by temporary inefficiencies related to the volume drop and an inventory reduction.
The remaining 30% went for administrative expenses--and profit.
Something else is revealed by digging deeper into the key components in healthcare spending: Technology, administrative expenses, hospital costs, lifestyle choice and chronic disease conditions have all had greater impacts on rising overall healthcare costs than physicians.
With the company committed to cutting down on its Average Unit Cost and marketing, general and administrative expenses, we expect that the EBITDA margin for this division will gradually increase to around 25% by the end of our forecast period.
One potential perverse effect of the law, says medical-cost analysts Milliman, is that insurers might have less incentive to drive down reimbursement rates to hospitals and doctors because that might push their administrative expenses above the ObamaCare cap of 15% of total costs.
The bottler, which operates in North America, Turkey, Russia, Greece and Spain, said it would refine its selling and service organization, lower its general and administrative expenses, make its supply chain more efficient and modify its defined benefit pension plans in the U.S. and Canada.
While these savings are expected to come largely from organizational streamlining, the company will also target areas such as real estate, information technology, product and service procurement costs, overall general and administrative expenses, and a significant reduction of suppliers in order to further lower costs and improve quality.
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