CINCINNATI, July 2, 2013 /PRNewswire/ -- LCA-Vision Inc. (NASDAQ: LCAV), a leading provider of laser vision correction services under the LasikPlus® brand, today reported that 12,994 procedures were performed during the second quarter of 2013, compared with 14,415 procedures performed during the second quarter of 2012.
"We primarily attribute the decline in procedure volume to the lowering of the maximum contribution for flexible spending accounts under the federal Patient Protection & Affordable Care Act," said LCA-Vision Chief Executive Officer Michael J. Celebrezze. "A survey of previous LasikPlus® patients conducted earlier this year showed that the contribution limit, which took effect at the beginning of 2013, is putting approximately 10% of prospective LasikPlus® patients at risk for not moving forward with the procedure. We expect that the contribution limit for flexible spending accounts will have a comparable percentage impact on procedure volume throughout the current year."
LCA-Vision will release second quarter 2013 financial results prior to the market open on Tuesday, July 30, 2013 with a conference call and webcast to follow at 10:00 a.m. Eastern time.
To access the conference call, dial 866-322-1352 (within the United States and Canada) or 706-643-6246 (international callers). The webcast will be available at the investor relations section of LCA-Vision's website. A replay of the call and webcast will begin approximately two hours after the live call has ended. To access the replay, dial 855-859-2056 (within the United States and Canada) or 404-537-3406 (international callers) and enter the conference ID number: 10544407.
About LCA-Vision Inc./LasikPlus®
LCA-Vision Inc., a leading provider of laser vision correction services, owns and operates 58 LasikPlus® vision centers in the United States: 51 full-service LasikPlus® fixed-site laser vision correction centers and seven pre- and post-operative LasikPlus® satellite centers.
For Additional Information
Investor Relations Contact:
Barb Kise, LCA-Vision
Jody Cain, LHA
SOURCE LCA-Vision Inc.