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Basis of Presentation and Summary of Significant Accounting Policies (Tables) | 12 Months Ended
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Dec. 31, 2022
Accounting Policies [Abstract] |
Gain (Loss) on Securities | The components comprising total gains and losses on equity securities are as follows (in thousands) for the periods listed below:
|  |  | Twelve Months Ended December 31,
|  |  |  |  | 2022 |  | 2021
Total losses recognized on equity securities |  |  |  |  | $ | (23,713) |  |  | $ | (10,745) |
Gains recognized on equity securities sold |  |  |  |  | 2,272 |  |  | — |
Unrealized losses recognized on equity securities held at end of period |  |  |  |  | $ | (21,441) |  |  | $ | (10,745) |
Schedule of Disaggregated Revenue by Payor Type | The following table presents disaggregated revenue generated by each payor type (in thousands):
| Years Ended December 31,
| 2022 |  | 2021 |  | 2020
Commercial | $ | 171,723 |  |  | $ | 138,333 |  |  | $ | 108,851 |
Medicare | 633,463 |  | 307,286 |  | 271,596
Medicaid | 280,083 |  | 283,311 |  | 269,079
Other third parties | 58,894 |  | 44,985 |  | 37,654
Revenue | $ | 1,144,163 |  |  | $ | 773,915 |  |  | $ | 687,180 |
Schedule of Contributions to Revenue and Receivables by Payor | The Company had major payors from its Care Partners segment that contributed the following percentages of net revenue:
| Years Ended December 31,
| 2022 |  | 2021 |  | 2020
Payor A | *% |  | 12.5 | % |  | 12.5 | %
Payor B | *% |  | *% |  | 10.9 | %
Payor C | 34.2% |  | 11.9 | % |  | 13.1 | %
Payor D | *% |  | 15.3 | % |  | 16.9 | %
* Less than 10% of total net revenues The Company had major payors that contributed to the following percentages of net receivables and receivables - related parties:
|  | As of December 31,
|  | 2022 |  | 2021
Payor C (restated) |  | 26.0 | % |  | *
Payor E (restated) |  | 52.0 | % |  | 45.0 | %
Payor F |  | ** |  | 30.0 | %
* Less than 10% of total receivables and receivables - related parties, net ** Payor E and F have been combined in 2022 under Payor E
Schedule of Carrying Amounts and Fair Values of Financial Instruments | The carrying amounts and fair values of the Company’s financial instruments as of December 31, 2022 are presented below (in thousands):
|  | Fair Value Measurements |  |
|  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Assets |  |  |  |  |  |  |  |
Money market accounts* |  | $ | 135,235 |  |  | $ | — |  |  | $ | — |  |  | $ | 135,235 |
Marketable securities – equity securities |  | 5,567 |  |  | — |  |  | — |  |  | 5,567 |
Contingent equity securities |  | — |  |  | — |  |  | 1,900 |  |  | 1,900 |
Interest rate swaps |  | — |  |  | 3,164 |  |  | — |  |  | 3,164 |
Total assets |  | $ | 140,802 |  |  | $ | 3,164 |  |  | $ | 1,900 |  |  | $ | 145,866 |
Liabilities |  |  |  |  |  |  |  |
APCMG contingent consideration |  | — |  |  | — |  |  | 1,000 |  |  | 1,000 |
AAMG cash contingent consideration (see Note 4) |  | — |  |  | — |  |  | 5,851 |  |  | 5,851 |
VOMG contingent consideration (see Note 4) |  | — |  |  | — |  |  | 17 |  |  | 17 |
Total liabilities |  | $ | — |  |  | $ | — |  |  | $ | 6,868 |  |  | $ | 6,868 |
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
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation | The change in the fair value of Level 3 liabilities for the year ended December 31, 2022 was as follows (in thousands):
| Amount
Balance at January 1, 2022 | $ | 1,000 |
AAMG cash contingent consideration (see Note 4) | 5,851 |
VOMG contingent consideration (see Note 4) | 17 |
Balance at December 31, 2022 | 6,868 |

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