today. joining and morning thank Good us Mark. you everyone you, Thank for
I into plan to with open and future highlights and insight in our questions. XXXX performance Mark call, a first your which prepared After in strategy. call to and dedicating you our to portion like interest you company day remarks, factors this from this our today's On for more of to results our the quarter we affected you our provide your for give to morning. will of I'd call thank conference your discuss participate all
are Before of we that entire say want just start, I hope and healthy the families safe everyone our lenders and well. has behalf know to team, a you of all and difficult we on doing business we are of your myself and our around all this We time employees, and stakeholders, challenging are and shareholders. been partners, including grateful for the extremely world for RadNet
wishing are the you best. We all
and conserve have departure of some I and actions been that position, of our on will be understanding call. our recovery the prepared projected opportunity. a we financial our have will on a bit Today's our what operating have remarks focus what COVID-XX, thoughts morning, giving to liquidity an This results cash, discussion and during the reduce costs we facing under current usually from Mark anticipated taken and around post-COVID we you
February, strong third dramatically and operating of by business off our plan, are has on operating our of giving having ahead beginning week see beginning original volumes that COVID-XX. a the drop to how status by where you After in months start impacted internal results to like our update stands been March. and performed I'd it we January
in a period of material we impact time began spend. business face We This major take potentially is when business to most we which expenses effectively could plan swift and We cash to through categories. reduce and procedural our ways a drop on decisive a our focused to volume. actions sustain of cash and during flow analyzed aspects our to multi-pronged all created prolonged
professional and salaries could a local created remain XX%. reduce by market would confidence, could to fees we temporarily centers we high to where XX% degree to patient felt, that investigated operate lower identify in our payments plan of volume which close We we Specifically, open. we with facilities direct every and and by facilities' close we a rental to
also and spend lower of work We costs defer to that payments. cash evaluated us categories with would our identified vendors or large our
by this early achieving conservation instituted. our of that savings Our been most goal successful we have I have cost measures and will report goal. pleased that April, cash was am in we to
XXX closed to all employee and First, our By all recognize we preserving could able were facilities. to temporary RadNet center maintenance consolidated operating be whose redirecting utilities, and costs, while save in that costs, business sites. revenue and level patient closed the facilities sites, other and temporarily identified locations our on be sites, and nearby other closing into our we to were their of we repairs flow at analyzed clustered going approach, could the
Our clustering and us to this greatly has period. during penetration helped approach concentrated geographically market
been of our close our representing locations, XX at able have facilities. We to of least XX%
been central flow directing all patient Our have effective to remain open. in departments facilities scheduling that
XXXX plans we enabled closing The benefit furloughed fund by Temporarily employed expense. continue remains healthcare facilities about and and XXXX to in their RadNet to employees our these total has of furlough staff roughly us our workforce.
Federal their eligible salaries have programs. are we collect and from benefits paying to corresponding ceased employee taxes and and employees State-funded unemployment However, these
to volume committed communication furloughed their with our these allows reopen as in to way in are work them We are employees bring us as a methodical to back we gradually and frequent facilities. soon our
we the reductions team employees taking were level our salary by the reductions management working. from remain the led level vast the who salaries X% and to In executive XX%. A addition These range lot executive non-center of who physicians salaries. management of cuts in are cut majority of their to salaried furloughs, XX%
and of decrease professional salaries of expenses result XX% As have met and a of our a fee actions, we burn. cash these goal our associated
are measures. XX contributed agreed conservation have these six cash and rent providing a greatly to full landlords deferrals. Most repay our months or Our of landlords our deferrals three of to also most partial to six month to payments have to
As been rent the reduced has a for XX%. our cash by almost payments in result, second expenditures quarter
all including our us finance the buyout and the with on we payments have OEMs and with operating whom amounts April would the equipment. to leased of of these in Additionally, starting allow we have equipment, to rental back-end third-party have to leases defer agreed companies to add lessors six restructure payments payment made
already capital company was or owe will the capital which of currently prior we substantially have we to to construction new we projects. Additionally, April The during all year delivered the completed the majority that make remainder either capital for equipment expenditures suspended of money. vast for are
discussed, these of which are outflows have we In addition fixed made traditional significant variable variable contracted a also the payments which revenue to the generally lower with most and radiology expenses rent, and our procedural etc, cost volumes. our groups, outflows The employees, third-party to of procedural decreased cash function I've volumes. are
pay radiology collections groups to neighborhood our third-party exams. typically XX% in cash of XX% the We our to of interpret our
have RadNet, levels costs. As manage a own our payments control their and taken contracted to actions of their result staffing groups lower from
are radiology plan groups to as We close measures has revenues facilities ensure return to appropriate all our Each environment. health RadNet, throughout a contracted to all and appropriate the volumes survival to COVID-XX are group and taking they, in normal like reach have their remained with the contracted begin our through when that confident dialog levels. and
All employee-related that certain pharmacy equipment supplies, such than adjusted expenses expenses repair and meals other expenses the these variable outflows volumes travel, more utilities, Other include levels. have cash our adjusted and lower volume and employee and has proportionate maintenance reimbursement to revenues and procedural items. procedural with medical expense and now as
subsequent the under position end the for of Contributing we payments Act Medicare. received to our CARES the quarter to the strong and liquidity are first
Relief received Specifically, we million CARES appropriation and $XX billion of $XX the Economic Act Act. first under or Aid security almost Coronavirus
A billion RadNet not allocation reporting $XX to the based upon compliance two future money. this was Medicare second Act Subject under was to weeks our all to to do This our billings share we with ago. overall requirements, repay of appropriated Medicare required during announced being XXXX. anticipate relative providers CARES calculated
CMS this overall this We receive. is annual there At U.S. early billion trillion. and that speculative to estimated to and on the XXXX time, weeks. may healthcare $XX about were appropriation estimate our submit returns tax to during coming our about believe this at collections by it $X.X proportion more spend, be from currently information based us appropriation be allocation overall in we too amounts We should the have could additional we may asked of evidencing the
We from - we CMS be to million in This money its under a through In and to beginning period. year. $XX received Act, future already almost of receipt to provide CARES received addition services fourth we payments. and third Medicare to shall repaid this advance be adjudication days accelerated the anticipate this XXX of we the after substantially be repaid is the over quarters money grant Medicare are repaid during three-month
today? and So the municipalities They as how stay-at-home earlier, orders volumes March. by procedural decline related and third I States volumes and more volumes dramatically are of As bad where to our our local decline adopted mentioned policies. did continue began get week to
The we was West impacted East volumes hardest, the Our New to was has and our been almost Coast, and during California's the the hit impact area were Tri-State trough relative XX% whereby down budget. on operating mid-April, a on while Coast XX% York less. original
our procedural I'm weeks, as very the West that down our say to about East volumes Coast a past have and basis volumes happy improved today. XX% are whereby several of blended over materially on
Already procedures in we stay-at-home orders We be allowing as performed. are operate, are governors expect lifted. medical States non-emergency for improve this in to several to which
period associated from within the thing our been capitation during COVID-XX to by a and COVID-XX despite volumes fixed mention cash constant fewer we impact our bright has services really I spot has managed these period. a populations get on because procedural royalty flow perform following remained regards our paid the amount revenue required during the that medical for should this the under the to groups patient and with being One is capitated capitate, capitation business arrangements, revenues
pay benefited during than HMO contracted and of medical employees, for with this and remained continued capitated predictability has this their patients The those revenue to before these for groups intact even ever our premiums. healthcare flow has have Enrollment more furloughed, us period. patients cash who has been as
to The has protocols. and come need. Before keep their continue employees center-level each patients the to take RadNet Mark real we just to been employees our To medical this and discuss to recognize work instituted managers our new operating who our like service to safe, in heroes to communities and financials, the moment to over turn call I'd I for our workforce. patients day
safely sit in capabilities, These or cars. called include which waiting texted be virtual for their adding they to patients exam their room allow while
protective created have personal and as We environment as and grateful a that as sterile employees RadNet can unprecedented possible. in have patients an all also sincerely provided employees equipment play company important an and role these am for time. I
look call to turn quarter XXXX our like patient At performance. Mark I our furloughed and discuss of first closed workforce to reopening forward over of bringing this volume the facilities dictates. our some increasing I'd as time, to back the back to highlights
he's finished, remarks. When I closing will some make
