Note 13 - Due to Fertility Medical Practices

12 Months Ended

Dec. 31, 2011

Due To Fertility Medical Practices [Text Block]

NOTE 13 – DUE TO FERTILITY MEDICAL PRACTICES:

Due to Fertility Medical Practices is comprised of the net amounts owed by us to medical practices contracted for the full array of practice management services. We do not consolidate the results of the Fertility Medical Practices into our accounts (as discussed in Note 2). This balance is comprised of amounts due to us by the medical practices for funds which we advanced for use in financing their accounts receivable and selected other transactions, less balances owed to the medical practices by us for undistributed physician earnings and patient deposits we hold on behalf of the medical practices.

While we are responsible for the management and collection of the Partner’s accounts receivable, as part of the business services we provide, the credit and collection risk for these receivables remains with the medical practice. We finance the receivables with full recourse. Amounts financed relating to uncollectible accounts are recovered from the medical practice in the month uncollectible reserves are established or accounts are written-off.

As of December 31, 2011 and 2010, Due to Medical Practices was comprised of the following balances (000’s omitted):

	2011			2010
Advances to Partner medical practices	$	(17,552	)	$	(14,906	)
Undistributed physician earnings		5,508			2,841
Partner practice patient deposits		26,273			23,311
Due to Medical Practices, net	$	14,229		$	11,246