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Note 4 - Other Revenues | 6 Months Ended
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Jun. 30, 2024
Notes to Financial Statements |
Other Revenues [Text Block] | Note 4 – Other Revenues Other revenues are outlined in the table below. Revenues from rental income include health care real estate properties owned by us and leased to third party operators. Revenues from management and accounting services include fees provided to manage and provide accounting services to other healthcare operators. Revenues from insurance services include premiums for workers’ compensation and professional liability insurance policies that our wholly owned insurance subsidiaries have written for certain healthcare operators to which we provide management or accounting services. "Other" revenues include miscellaneous health care related earnings (in thousands).
|  | Three Months Ended June 30 |  |  | Six Months Ended June 30 |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Rental income |  | $ | 6,028 |  |  | $ | 5,965 |  |  | $ | 11,987 |  |  | $ | 12,009 |
Management and accounting services fees |  |  | 4,081 |  |  |  | 5,763 |  |  |  | 8,518 |  |  |  | 9,860 |
Insurance services |  |  | 816 |  |  |  | 882 |  |  |  | 1,688 |  |  |  | 1,930 |
Other |  |  | 370 |  |  |  | 367 |  |  |  | 455 |  |  |  | 734 |
Total other revenues |  | $ | 11,295 |  |  | $ | 12,977 |  |  | $ | 22,648 |  |  | $ | 24,533 |
Rental Income The Company leases real estate assets consisting of skilled nursing facilities and assisted living facilities to third party operators. Additionally, we sublease four Florida skilled nursing facilities included in our lease from National Health Investors (“NHI”) as noted in Note 7 – Long Term Leases. Management Fees from National Health Corporation We manage five skilled nursing facilities owned by National Health Corporation (“National”). We recognized management fees and interest on management fees from these facilities of $1,346,000 and $1,276,000 for the three months ended June 30, 2024 and 2023, respectively. We recognized management fees and interest on management fees of $2,666,000 and $2,466,000 from these facilities for the six months ended June 30, 2024 and 2023, respectively. Insurance Services For workers’ compensation insurance services, the premium revenues reflected in the interim condensed consolidated statements of operations for the three months ended June 30, 2024 and 2023 were $527,000 and $570,000, respectively. The premium revenues reflected in the interim condensed consolidated statements of operations for the six months ended June 30, 2024 and 2023 were $1,109,000 and $1,307,000, respectively. Associated losses and expenses including those for self-insurance are included in the interim condensed consolidated statements of operations as "Salaries, wages and benefits." For professional liability insurance services, the premium revenues reflected in the interim condensed consolidated statements of operations for the three months ended June 30, 2024 and 2023 were $289,000 and $312,000, respectively. The premium revenues reflected in the interim condensed consolidated statements of operations for the six months ended June 30, 2024 and 2023 were $579,000 and $623,000, respectively. Associated losses and expenses including those for self–insurance are included in the interim condensed consolidated statements of operations as "Other operating costs and expenses".

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