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Segment Information
 3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Segment Information Segment Information
ASC 280, Segment Reporting, establishes standards for reporting information about operating segments. Operating segments are defined as components of an entity for which separate financial information is available and regularly reviewed by the chief operating decision maker. The Company’s chief operating decision maker ("CODM") is the Chief Executive Officer. The Company manages its operations as a single segment for the purposes of assessing performance and making decisions. The Company's singular focus is being a leading value-added provider of data analytics and technology-enabled end-to-end cost management, payment and revenue integrity solutions to the healthcare industry.
The CODM assesses performance for our reporting segment and decides how to allocate resources based on consolidated net income (loss). The measure of segment assets is reported on the condensed consolidated balance sheets as total consolidated assets. The CODM uses net income (loss) to evaluate income generated from segment assets (return on assets) in deciding whether to reinvest profits into our segment or into other parts of the entity, such as for acquisitions or debt and equity repurchases. Additionally, we have identified personnel costs, stock-based compensation ("SBC"), and access and bill review fees as significant expenses that are regularly provided to the CODM and included in net income (loss). Personnel costs are defined as salaries and corresponding benefits (excluding SBC), severance costs, indirect costs such as recruitment fees, contract labor, and are presented net of capitalized costs. Stock-based compensation includes expense under the 2020 Omnibus Incentive Plan and ESPP. Access and bill review fees include fees for accessing non-owned third-party provider networks, expenses associated with vendor fees for database access and systems technology used to reprice claims, and outsourced
services. Third-party network expenses are fees paid to non-owned provider networks used to supplement our owned network assets to provide more network claim savings to our clients.
In addition, substantially all of the Company's revenues and long-lived assets are attributable to operations in the United States for the periods presented.
The following table presents summary results for our reporting segment for the periods presented (in thousands):
Three Months Ended March 31,
20262025
Revenues$244,678 $231,330 
Cost of Services ("COS")
Personnel expenses excluding stock-based compensation51,355 47,879 
Stock-based compensation, including cRSUs2,386 1,777 
Access and bill review fees8,870 5,507 
Other cost of service expenses6,469 5,273 
Costs of services (exclusive of depreciation and amortization of intangible assets shown below)69,080 60,436 
General and Administrative ("G&A")
Personnel expenses excluding stock-based compensation11,732 16,768 
Stock-based compensation, including cRSUs3,442 4,941 
Transformation costs11,790 7,728 
Other general and administrative expenses30,866 17,531 
General and Administrative Expenses57,830 46,968 
Depreciation25,183 24,546 
Amortization of intangible assets85,908 85,971 
Loss on disposal of leases38 3,317 
Loss on sale of assets— 350 
Total expenses238,039 221,588 
Operating income
6,639 9,742 
Interest expense99,542 91,636 
Interest income(182)(488)
Transaction costs related to refinancing transaction— 7,792 
Loss on extinguishment of debt
— 670 
Net loss before taxes(92,721)(89,868)
Benefit for income taxes(19,161)(18,549)
Net loss(73,560)(71,319)
Less: net loss attributable to non-controlling interests— — 
Net loss attributable to Claritev Corporation$(73,560)$(71,319)