XML 32 R24.htm IDEA: XBRL DOCUMENT v3.24.3
Accounts Receivable and Net Revenue (Tables)
9 Months Ended
Sep. 30, 2024
Text Block [Abstract]  
Schedule of Accounts Receivable, Net

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

 

 

 

September 30, 2024

 

 

December 31, 2023

 

 

 

 

 

 

 

 

Gross accounts receivable

 

$

1,469,676

 

 

$

1,379,213

 

Allowance for contractual adjustments and uncollectibles

 

 

(1,182,779

)

 

 

(1,106,900

)

 

$

286,897

 

 

$

272,313

 

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,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Net patient service revenue

 

$

438,675

 

 

$

437,321

 

 

$

1,293,353

 

 

$

1,290,888

 

Hospital contract administrative fees

 

 

72,413

 

 

 

68,712

 

 

 

215,129

 

 

 

204,286

 

Other revenue

 

 

70

 

 

 

579

 

 

 

2,073

 

 

 

3,023

 

 

 

$

511,158

 

 

$

506,612

 

 

$

1,510,555

 

 

$

1,498,197

 

 

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,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Contracted managed care

 

 

72

%

 

 

67

%

 

 

71

%

 

 

67

%

Government

 

 

23

 

 

 

25

 

 

 

24

 

 

 

25

 

Other third-parties

 

 

4

 

 

 

5

 

 

 

3

 

 

 

6

 

Private-pay patients

 

 

1

 

 

 

3

 

 

 

2

 

 

 

2

 

 

 

100

%

 

 

100

%

 

 

100

%

 

 

100

%