Accounts Payable and Accrued Expenses

3 Months Ended

Mar. 31, 2021

7.	Accounts Payable and Accrued Expenses:

Accounts payable and accrued expenses consist of the following (in thousands):


	March 31, 2021		December 31, 2020
Accounts payable	$	59,069	$	59,771
Accrued salaries and incentive compensation		76,882		184,849
Accrued payroll taxes and benefits		46,913		43,945
Accrued professional liabilities		48,878		50,607
Accrued interest		13,751		32,721
Other accrued expenses		60,917		51,290

	$	306,410	$	423,183

The net decrease in accrued salaries and incentive compensation of $108.0 million, from December 31, 2020 to March 31, 2021, is primarily due to the payment of performance-based incentive compensation, principally to the Company’s affiliated physicians, partially offset by performance-based incentive compensation accrued during the three months ended March 31, 2021. A majority of the Company’s payments for performance-based incentive compensation is paid annually during the first quarter.