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Accounts Receivable and Net Revenue (Tables)
9 Months Ended
Sep. 30, 2022
Text Block [Abstract]  
Schedule of Accounts Receivable, Net

Accounts receivable, net consists of the following (in thousands):

 

 

 

September 30, 2022

 

 

December 31, 2021

 

 

 

 

 

 

 

 

Gross accounts receivable

 

$

1,499,499

 

 

$

1,393,584

 

Allowance for contractual adjustments and uncollectibles

 

 

(1,205,148

)

 

 

(1,091,809

)

 

 

$

294,351

 

 

$

301,775

 

Schedule of Net Revenue

The following table summarizes the Company’s net revenue by category (in thousands):

 

 

 

Three Months Ended
September 30,

 

 

Nine Months Ended
September 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Net patient service revenue

 

$

421,085

 

 

$

432,854

 

 

$

1,245,627

 

 

$

1,226,866

 

Hospital contract administrative fees

 

 

67,418

 

 

 

59,491

 

 

 

196,425

 

 

 

175,462

 

Other revenue

 

 

1,412

 

 

 

604

 

 

 

16,125

 

 

 

10,333

 

 

 

$

489,915

 

 

$

492,949

 

 

$

1,458,177

 

 

$

1,412,661

 

Schedule of Percentage of Net Revenue

The approximate percentage of net patient service revenue by type of payor was as follows:

 

 

 

Three Months Ended
September 30,

 

 

Nine Months Ended
September 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Contracted managed care

 

 

65

%

 

 

69

%

 

 

67

%

 

 

69

%

Government

 

 

28

 

 

 

26

 

 

 

26

 

 

 

25

 

Other third-parties

 

 

5

 

 

 

3

 

 

 

5

 

 

 

4

 

Private-pay patients

 

 

2

 

 

 

2

 

 

 

2

 

 

 

2

 

 

 

 

100

%

 

 

100

%

 

 

100

%

 

 

100

%