Significant Increase in Patient Visits
Total patient visits reached 48,269, a 20.5% increase from 40,068 in Q1 2024. Mature hospitals achieved a 5.3% increase in visits.
Record Revenue Growth
Total revenue reached $211.8 million, a 214% increase from $67.5 million in Q1 2024. Hospital division revenue grew by 240%.
Strong Adjusted EBITDA and Net Income
Adjusted EBITDA was $72.8 million, up from a negative $400,000 in Q1 2024. Net income attributable to Nutex Health, Inc. was $14.6 million compared to a $400 million loss in Q1 2024.
Improved Cash Flow and Debt Reduction
Net cash flow from operating activities was $51 million compared to $3.1 million in Q1 2024. Long-term debt reduced to $20.7 million from $22.5 million at year-end 2024.
Effective Arbitration Process
Submitted 60% to 70% of billable visits through arbitration with an 80% win rate, increasing facility collections by 200% to 300% compared to initial insurance payments.
Expansion Plans
Plans to open three additional hospitals in 2025, with a pipeline extending to 2028 for more projects in high-demand markets.