Delaware
|
0-16079
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84-0915893
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(State or other jurisdiction of incorporation or organization)
|
(Commission file number)
|
(IRS Employer Identification Number)
|
7301 South Peoria, Englewood, Colorado
|
80112
|
|
(Address of principal executive offices)
|
(Zip Code)
|
o
|
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
|
o
|
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
|
o
|
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
|
o
|
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
|
Item 2.02 | Results of Operations and Financial Condition |
1st Q
2013
|
2nd Q
2013
|
3rd Q
2013
|
4th Q
2013
|
1st Q
2014
|
2nd Q
2014
|
3rd Q
2014
|
||||||||||||||||||||||
Historical Private Insurance Collection Rate
|
75.3
|
%
|
74.5
|
%
|
74.6
|
%
|
74.9
|
%
|
74.8
|
%
|
74.5
|
%
|
73.5
|
%
|
||||||||||||||
Historical Private Insurance Collection Rate Excluding One Government- Sponsored Private Insurance plan
|
75.8
|
%
|
76.1
|
%
|
76.6
|
%
|
77.2
|
%
|
77.6
|
%
|
77.7
|
%
|
76.8
|
%
|
· | True-Up: During the third quarter of 2014 and 2013, the Company recorded a positive “true-up” of $419 and $457, respectively, per transport related to a higher payer mix for the second quarter of 2014 and 2013, respectively, than was originally recorded. |
· | Payer Mix: |
3rd Q
2014
|
3rd Q
2013
|
|||||||
Private Insurance Carriers
|
32.6
|
%
|
34.2
|
%
|
||||
Medicare
|
32.4
|
%
|
31.7
|
%
|
||||
Medicaid
|
23.6
|
%
|
20.1
|
%
|
||||
Self-Pay Patients
|
11.4
|
%
|
14.0
|
%
|
· | Government-Sponsored Private Insurance Plans: In both the second and third quarters of 2014, government-sponsored plans accounted for approximately 10% of private insurance transports. |
· | Same-Base Transports: |
3Q 2014
|
3Q 2013
|
|||||||||||
Month | ||||||||||||
Transports
|
Weather
Cancellations
|
Transports
|
Weather
Cancellations
|
|||||||||
July
|
4,781
|
1,250
|
4,623
|
1,796
|
||||||||
August
|
4,747
|
1,628
|
4,791
|
1,402
|
||||||||
September
|
4,340
|
1,534
|
4,829
|
1,155
|
· | 2014 Monthly Net Revenue Per Transport: |
Month
|
Net Revenue Per Transport
|
|||
July
|
$
|
12,245
|
||
August
|
$
|
11,663
|
||
September
|
$
|
12,002
|
Item 7.01
|
Regulation FD Disclosure
|
|
AIR METHODS CORPORATION
|
||
|
|
|
|
Date: October 23, 2014
|
By:
|
/s/ Crystal L. Gordon
|
|
|
|
Crystal L. Gordon, General Counsel and Secretary
|