![]() ![]() ![]() “Our average fee … came down a bit largely due to cuts in Medicare fees which represent about 22 per cent of our revenue in the US.”ĭr Goldschmidt said US volume growth was lifting again, after extreme weather in December, January and February disrupted the upwards trend. “ was consistent with our major competitors in the US,” he said. The US pathology business, which accounts for 21 per cent of revenue, had volume growth of 2.2 per cent, but revenue growth was flat. UBS analyst Andrew Goodsall said the result benefited from a “solid portfolio effect”. On a geographic split, Sonic now has more than half (51 per cent) of its revenue coming from offshore. Australian imaging and medical centres both had revenue growth of 5 per cent to $415 million and $349 million respectively. Australian pathology, which accounts for 29 per cent of revenue, had sales growth of 6 per cent. ![]()
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