Question-and-Answer Session
Operator
(Operator Instructions) Your first question comes from [Hommed Corsen], EWS Financial. Please go ahead.
Hommed Corsen - EWS Financial
Good morning. Excuse me, I’m on a cell phone. My question was when should we expect the improvement in collection on the accounts receivable?
Lawrence Pemble
Well, I can answer that. I don’t think it’s an issue of improved collections. It was just a large item in the loan program. The collection cycle on those deals simply takes some time. We’ve actually, the substantial number that was outstanding at year-end was actually already cleared as we’re having this call now.
Hommed Corsen - EWS Financial
The expansion into Guangzhou is taking place in 2008 -- is that correct?
Roberta Lipson
Well, it’s a two-phased expansion in Guangzhou. The first phase is an out-patient clinic and we’re working on that development right now and expect it to be open -- well, in fiscal 2008 and calendar 2007. The second phase of expansion is a large hospital, which will include in-patient and out-patient facilities and that’s a little over a two-year development cycle.
Hommed Corsen - EWS Financial
Thank you.
Operator
Your next question come from Julie Chen of Brean Murray. Please go ahead.
Julie Chen - Brean Murray, Carret & Co.
Good morning, Roberta and Larry. I have a two-phase question, if I may. In terms of the healthcare services, it seems as if I look at the historical trend for the second-half of your fiscal year 2008, the healthcare service revenue has been leveling off about $12 million. Is that something that we should expect or are we expecting additional traction from Shanghai as Shanghai continues to gain patient efficiency inflow?
Roberta Lipson
Julie, I think that you don’t have to worry about a leveling off. We expect to see same-store sales growth this year in both Beijing and Shanghai and substantial same-store sales growth. We hope to be able to add on a couple of new facilities, out-patient facilities at the same time. So yes, there hopefully will be some extra traction from the addition of those facilities as well.
Julie Chen - Brean Murray, Carret & Co.
Great, thank you. In terms of the healthcare insurance premium program, the last time apparently you updated in terms of finding the price point that’s very attractive. Could you give us some update in terms of where it stands as of today?
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