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Accounts Receivable and Net Revenue (Tables)
9 Months Ended
Sep. 30, 2023
Text Block [Abstract]  
Schedule of Accounts Receivable, Net

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

 

 

 

September 30, 2023

 

 

December 31, 2022

 

 

 

 

 

 

 

 

Gross accounts receivable

 

$

1,448,620

 

 

$

1,548,492

 

Allowance for contractual adjustments and uncollectibles

 

 

(1,171,268

)

 

 

(1,251,705

)

 

$

277,352

 

 

$

296,787

 

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,

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Net patient service revenue

 

$

437,321

 

 

$

421,085

 

 

$

1,290,888

 

 

$

1,245,627

 

Hospital contract administrative fees

 

 

68,712

 

 

 

67,418

 

 

 

204,286

 

 

 

196,425

 

Other revenue

 

 

579

 

 

 

1,412

 

 

 

3,023

 

 

 

16,125

 

 

 

$

506,612

 

 

$

489,915

 

 

$

1,498,197

 

 

$

1,458,177

 

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,

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Contracted managed care

 

 

67

%

 

 

65

%

 

 

67

%

 

 

67

%

Government

 

 

25

 

 

 

28

 

 

 

25

 

 

 

26

 

Other third-parties

 

 

5

 

 

 

5

 

 

 

6

 

 

 

5

 

Private-pay patients

 

 

3

 

 

 

2

 

 

 

2

 

 

 

2

 

 

 

100

%

 

 

100

%

 

 

100

%

 

 

100

%