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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Oct. 31, 2012
Summary of Significant Accounting Policies  
Schedule of fair value measurements

 

 

 

 

10/31/2012

 

Quoted Prices in
Active Markets for
Identical
Assets/Liabilities

 

Significant Other
Observable Inputs

 

Significant
Unobservable
Inputs

 

 

 

 

 

Level 1

 

Level 2

 

Level 3

 

Assets:

 

 

 

 

 

 

 

 

 

Cash surrender value of officers’ life insurance policies (a component of Other Assets)

 

$

866

 

 

$

866

 

 

Schedule of adjustments made to gross service revenues to arrive at net service revenues

 

 

 

 

October, 31

 

 

 

2012

 

2011

 

2010

 

 

 

 

 

 

 

 

 

Gross Revenues

 

$

3,052,431

 

$

2,482,349

 

$

1,902,573

 

 

 

 

 

 

 

 

 

Contractual Adjustments and Discounts:

 

 

 

 

 

 

 

Medicare/Medicaid Portion

 

320,697

 

293,874

 

281,002

 

All Other Third Party and Direct Payors*

 

2,070,073

 

1,629,833

 

1,163,547

 

Total Contractual Adjustments and Discounts

 

2,390,770

 

1,923,707

 

1,444,549

 

 

 

 

 

 

 

 

 

Net Service Revenues

 

$

661,661

 

$

558,642

 

$

458,024

 

 

 

 

 

 

 

 

 

Percent of Contractual Adjustments and Discounts To Gross Revenues

 

78.3

%

77.5

%

75.9

%

Schedule of amounts for contractual credits and doubtful accounts

 

 

 

 

October 31

 

 

 

2012

 

2011

 

 

 

 

 

 

 

Contractual Credits/Discounts

 

$

267,921

 

$

235,922

 

Doubtful Accounts

 

51,274

 

45,220

 

 

 

 

 

 

 

Total Allowance

 

$

319,195

 

$

281,142