remote lastly, contracted out-of-network fourthly, XXth group additional selection today. purchasing discuss disputed objectives Today, over highlights professional joining we'll and performance, first sustained collections afternoon, we've interoperative strategic growth of and high-margin two hires on record secondly, for state our you and Assure of as neurology vision accelerated recent progress to entities the for record provide expect our our next $X.X and in several Hello, important several owned Scott. the of and services on from more you, $X.X XX% have we firstly, update our claims thank In scaling million, emerging this our XX,XXX settlements a technical procedures, adding footprint; Thank collections added companies. an organizations; us in an skills the platform; for from million rapid provider good XXXX, against new was continued we XXX% to growth driven leadership as and than the to claims; years. Select thirdly, ramp our including newer quarter, XXXX. managed of of by services made neuromonitoring system-wide operational experience increase continue important plus include; that
procedures, of XXXX. of the in XXXX, of year XX% increase than more During more first quarter X,XXX QX of number X,XXX did we approximately than the prior versus an
accountable for with excuse manner threshold. status reaching worked developments some the as and not age is collections of on that timely billing They're the a overall been about and are will function the well will start a effective as XX X There challenges older that recorded challenges. cycle our have faced cycle by million than management excited down no Next, of I team. for company really longstanding Slide [where] $X.X Regretfully, that. we were relate receivables automatically management written and our are [we] X, reserve policy, receivables current revenue claims in I month these in and these efforts. to revenue and Assure's worse we after
company learned from these but collection late sort begin from The pursue have seeing XXXX. traction to this significant half We experience and the expects these the team to efforts of in tactical results second of second claims. reserve the quarter, during specifically
receivables. Given QX. our EBITDA QX we still expect that the expect of but current share was to This ramp we and in I anticipate company we be in have material reserve the accrual write is debt charge XXXX, XXXX net bad experienced lower XXXX to will from want Net quarter is standpoint be strong issue In to to EBITDA a from receipts based accounting Assure's an result be driver up, meaningful than reserves Ultimately, of that performed. sharply the smaller out cash had will XX we second recover rate we experiencing in be cases forecast. XXXX will upon [fully] the aged QX expects recovered first will The because there be off a are quarter. impact. writing a different in these be the that positive primary months. cash down. from in anticipated be they we negative point driver to from to Primary the what very a
issue job been get with term. that oversee overseeing with and be will the strategies from cycle it Paul doing revenue challenge has out the these with management and forward. want to a in-network is outstanding the We billing of will Assure's to XXXX, collections payors. who's are unsolicited external care an Senior since will I Paul receivables promoted and want President team Assure repeated. near point been age from point Vice to perspective, cash to this contracting going that will confident us I role managed a early in and be that out Webster, resolved we perspective, the that I'm been confident issue for has an not
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slide. next the to on Moving
experiencing dramatic increase collections issue a seeing cash are as current XX and a can X, six, period. trailing are in with month receivable, you we accounts on over aged also we XX Slide an While see
period capital first during record reduces quarter. the future. were record collecting flow after they XXX% $X.X company. issued in share for XXX% collections the XX% business. approximately from achieved of at Accelerating need these and works is Assure six $X.X and for in the XX% our for were months XX also are they minimize owned for the the Assure Both holistic Further, the Taking to reserves months for issued. cash a a look of generated the our of and working total rates in Assure entities, accounts entities million first receivable record million collections of after owned
reporting charge, take of net approximately These add $X.X If This strong and our the back the business, in are by million of revenue expectation you will and charges accounting $X.X stable half case excluding accrual volume not neurology adjusted million. growth, of we positive revenue down this bad of XXXX. core year second includes full million, our XXXX, ramping slowing our but anchored $X.X is remote rates expansion, our platform. significantly have a debt belief, EBITDA strong revenue managed of
on become basis. EBITDA our Slide is operationally year goal positive update I'll full a to an provide remote X, and on neurology business. flow cash Our
servicing is our Assure through are remote the is have neurology Assure's transitioning remote one-to-many the pivoting The volume utilized cases To services that clear, perform. technologists Assure established patients business. already focus its you simply onto platform. is patient be managed As recall, where simply to model we the now our neurologists neurology
less than services performing neurology is our important higher services you opportunities more that offering one of rapidly with margin our friction. technology ramping because are that in XX,XXX cases typically is rate. it at this neurology receivables than Remote Assure’s remote with telehealth remote much is chart, an than can reason and our The typically company's services higher As with see anticipate we is receivables are the most collected in XXXX. accelerated collected are margin growth neurology technology
Next on States we operations represent in those current X, in our yellow targeting. Slide footprint. our will locations you green are are and that the see geographic
potential in that our market. anticipate First we XXth and state expanded in meaningful quarter, Minnesota, growth
for to important of hospital most is most our single the expansion the forward, contracts. facilities Assure's date. we Looking highlight important contracts catalyst wide Slide X, system-wide winning system
of neuromonitoring services. the number as Assure a serves of For interoperative provider sole contracted these,
largest The with and first is Premier.
previously hospitals. US second in biggest GPO, the United or purchasing approximately is of Premier the we've organization, X,XXX group alliance reported, States As with an
surgery Conductiv's of more favorable bit classes month, hospitals systems. Yankee agreements were last Assure additional XXX than two these interoperative health of was GPOs, addition, color selected XX is Alliance care all membership neuromonitoring on GPO and from centers In and these Conductiv. health provider for XX,XXX and in as perspective. terms Yankee To traits. Assure's a members national add Alliance includes with over a GPOs, more
pursue to license [hunting] a respective with us with provide networks. they addition, In opportunities their
believe clinical while Conductiv is this of Also, Conductiv Yankee their opportunities affiliated Further, prenegotiated For for expeditious for Yankee members number implementations. all outside Premier's that pricing will We more experts. Assure. facilitate additional negotiations facility of Alliance, This includes entirely network. the it are greenfield and members. the provides a Premier, sizable with is and employ
team. and to wanted talent and capitalize Vice challenges strategy gain organization. build consistent and work GPO strategy in and business impact individuals the for bring agreements their for These work introduce with procedures facilities to These will business I We Business not before, to are to make our added and growth drive interoperative opportunities. Assure Slide corporate network. on of resolve improve experience medical MacDonald that annually. help performance. on a outsource new is new are briefly a Brian Assure's services President growth of poised management identify, Assure's hospitals that He to skills substantial have X, us enables will responsible On thousands platform behalf Operations, did on monitoring access and to facilities the to positive analyze initiatives to our to
the Walters Kelly Sales, years President serving Most as Zimmer Vice generated at Brian's team leader President is recently experience Officer than that at Officer than has more Financial included its $XXX following strategy. Fidelity as XX Kluwer prior and overseeing care led channel Chief annual growth Before industry. Language, to organic Spine, joining Operating by sales. Vice a at Kelly a of Biomet where sales Shelton, Assure, Chief and experience as our acquisition in in Health million he health more of and new Health. Health
at Human President grew Vice multiple For Area held and at Resources. Spine, is our that, DISH closed accounts Fortune network. Vice President Amazon Stryker Previously, contracts. including GPO Jerry was numerous Wagner where and HR strategic organizations, roles negotiated Kelly Jerry and XXX he of
Finally, of Director, the National ensuring the was of service program. to company's development and training position Technologist overseeing James and appointed Law quality
the of adjacent et maintains interoperative neuromonitor an Assure's as drive will role will that competencies into and cetera. play In in addition, EEG, highly he James surgeons expansion is hospitals. with important such new and the relationships industry in experienced extensive establishment markets,
on want Finally, XX, a our highlight ramp cases. Slide I to aspects in managed of few
is terms The first in economies procedures market added and the perspective. scale of is, critical of both from share scale capture managed
is with both toward the cases continue utilizing that, quarter from the reflects seasonality the follow ramp-up more our XXXX. the insurance. of pattern busier commercial with become the typically progressively quarter Second that quarter seasonality, company's third mix our seeing We of after the We each business. anticipate a insurance fourth of in the quarters. managed first anticipate to familiar tilted mix and revenue government cases continued representing will and the second, highest seasonality percentage trends first to progressively Similarly, our patients profitable
our John to [that] states, in clinical services, Price, both us emphasize expansion to current our success, remote new neurology our will program confidence with years to off us handing the excellence our and future GPOs, opportunities I of the in and commitment year wanted to to in lead ahead come. and organic Before belief channel
us John through Price financial will John? quarterly information. Next, walk the
