XML 35 R25.htm IDEA: XBRL DOCUMENT
v3.22.1

Basis of Presentation and Summary of Significant Accounting Policies (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2022
Accounting Policies [Abstract] |
Schedule of Disaggregated Revenue by Each Payor Type | The following table presents disaggregated revenue generated by payor type for the three months ended March 31, 2022 and 2021 (in thousands):
| Three Months Ended March 31, |  |
| 2022 |  | 2021 |  |  |  |
Commercial | $ | 42,140 |  |  | $ | 32,266 |  |  |  |  |
Medicare | 133,659 |  |  | 64,677 |  |  |  |  |
Medicaid | 71,663 |  |  | 69,664 |  |  |  |  |
Other third parties | 15,796 |  |  | 9,451 |  |  |  |  |
Revenue | $ | 263,258 |  |  | $ | 176,058 |  |  |  |  |
Schedule of Contributions to Revenue and Receivables by Payor | The Company had major payors that contributed the following percentages of net revenue:
| Three Months Ended March 31, |  |
| 2022 |  | 2021 |  |  |  |
Payor A | * |  | 12.8 | % |  |  |  |
Payor B | * |  | 10.5 | % |  |  |  |
Payor C | 10.6 | % |  | 16.9 | % |  |  |  |
Payor D | 30.4 | % |  | * |  |  |  |
* Less than 10% of total net revenues The Company had major payors that contributed to the following percentages of receivables and receivables – related parties:
| As of March 31, 2022 |  | As of December 31, 2021
Payor D | 19.0 | % |  | *
Payor E | 28.0 | % |  | 45.0 | %
Payor F | 19.0 | % |  | 30.0 | %
* Less than 10% of total receivables and receivables — related parties, net
Schedule of Carrying Amounts and Fair Values of Financial Instruments | The carrying amounts and fair values of the Company’s financial instruments as of March 31, 2022, are presented below (in thousands):
| Fair Value Measurements |  |
| Level 1 |  | Level 2 |  | Level 3 |  | Total
Assets |  |  |  |  |  |  |
Money market funds* | $ | 96,213 |  |  | $ | — |  |  | $ | — |  |  | $ | 96,213 |
Marketable securities – certificates of deposit | 25,046 |  |  | — |  |  | — |  |  | 25,046 |
Marketable securities – equity securities | 13,577 |  |  | 4,270 |  |  | — |  |  | 17,847 |
Contingent equity securities | — |  |  | — |  |  | 4,270 |  |  | 4,270 |
Warrants | — |  |  | 1,135 |  |  | — |  |  | 1,135 |
Interest rate swaps | — |  |  | 522 |  |  | — |  |  | 522 |
Total assets | $ | 134,836 |  |  | $ | 5,927 |  |  | $ | 4,270 |  |  | $ | 145,033 |
Liabilities |  |  |  |  |  |  |
APCMG contingent consideration | — |  |  | — |  |  | 1,000 |  |  | 1,000 |
Total liabilities | $ | — |  |  | $ | — |  |  | $ | 1,000 |  |  | $ | 1,000 |
* Included in cash and cash equivalents The carrying amounts and fair values of the Company’s financial instruments as of December 31, 2021, are presented below (in thousands):
| Fair Value Measurements |  |
| Level 1 |  | Level 2 |  | Level 3 |  | Total
Assets |  |  |  |  |  |  |
Money market accounts* | $ | 114,665 |  |  | $ | — |  |  | $ | — |  |  | $ | 114,665 |
Marketable securities – certificates of deposit | 25,024 |  |  | — |  |  | — |  |  | 25,024 |
Marketable securities – equity securities | 24,123 |  |  | 4,270 |  |  | — |  |  | 28,393 |
Contingent equity securities | — |  |  | — |  |  | 4,270 |  |  | 4,270 |
Warrants | — |  |  | 1,145 |  |  | — |  |  | 1,145 |
Total assets | $ | 163,812 |  |  | $ | 5,415 |  |  | $ | 4,270 |  |  | $ | 173,497 |
Liabilities |  |  |  |  |  |  |
Interest rate swaps | $ | — |  |  | $ | 1,071 |  |  | $ | — |  |  | $ | 1,071 |
APCMG contingent consideration | $ | — |  |  | $ | — |  |  | $ | 1,000 |  |  | $ | 1,000 |
Total liabilities | $ | — |  |  | $ | 1,071 |  |  | $ | 1,000 |  |  | $ | 2,071 |
* Included in cash and cash equivalents

X
- References No definition available. + Details
Name: | us-gaap_AccountingPoliciesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130545-203045 + Details
Name: | us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19279-110258 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2C -URI http://asc.fasb.org/extlink&oid=123874694&loc=SL7498348-110258 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bb) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the extent of the entity's reliance on its major customers, if revenues from transactions with a single external customer amount to 10 percent or more of entity revenues, including the disclosure of that fact, the total amount of revenues from each such customer, and the identity of the reportable segment or segments reporting the revenues. The entity need not disclose the identity of a major customer or the amount of revenues that each segment reports from that customer. For these purposes, a group of companies known to the entity to be under common control is considered a single customer, and the federal government, a state government, a local government such as a county or municipality, or a foreign government is each considered a single customer. + References No definition available. + Details
Name: | us-gaap_ScheduleOfRevenueByMajorCustomersByReportingSegmentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration