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Revenue (Tables) | 12 Months Ended
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Dec. 31, 2020
Revenue from Contract with Customer [Abstract] |
Summary of Contract Assets | Contract assets balances for the periods indicated below were as follows:
|  | Contract Assets |
|  | Profit Share |  |  | TPA Fee |  |  | Program Fee |  |  | Total |
|  | (in thousands) |
Beginning balance as of January 1, 2019 |  | $ | 37,734 |  |  | $ | 438 |  |  | $ | 3,088 |  |  | $ | 41,260 |
Increase of contract assets due to new business generation |  |  | 48,181 |  |  |  | 3,142 |  |  |  | 36,667 |  |  |  | 87,990 |
Adjustment of contract assets due to estimation of revenue from performance obligations satisfied in previous periods |  |  | 4,857 |  |  |  | — |  |  |  | — |  |  |  | 4,857 |
Receivables transferred from contract assets upon billing the lending institutions |  |  | — |  |  |  | — |  |  |  | (34,746 | ) |  |  | (34,746 | )
Payments received from insurance carriers |  |  | (33,405 | ) |  |  | (3,005 | ) |  |  | — |  |  |  | (36,410 | )
Ending balance as of December 31, 2019 |  |  | 57,367 |  |  |  | 575 |  |  |  | 5,009 |  |  |  | 62,951 |
Increase of contract assets due to new business generation |  |  | 62,032 |  |  |  | 4,505 |  |  |  | 43,995 |  |  |  | 110,532 |
Adjustment of contract assets due to estimation of revenue from performance obligations satisfied in previous periods |  |  | (1,640 | ) |  |  | — |  |  |  | — |  |  |  | (1,640 | )
Receivables transferred from contract assets upon billing the lending institutions |  |  | — |  |  |  | — |  |  |  | (43,661 | ) |  |  | (43,661 | )
Payments received from insurance carriers |  |  | (34,582 | ) |  |  | (4,258 | ) |  |  | — |  |  |  | (38,840 | )
Ending balance as of December 31, 2020 |  | $ | 83,177 |  |  | $ | 822 |  |  | $ | 5,343 |  |  | $ | 89,342 |
Accounting Standards Update and Change in Accounting Principle | As a result of the modified retrospective method, the following adjustments were made to the consolidated balance sheet as shown in the below selected condensed consolidated balance sheet line items as of January 1, 2019.
|  | Ending Balance as of December 31, 2018 |  |  | Adjustments due to ASC 606 |  |  | Opening Balance as of January 1, 2019 |
|  | (in thousands) |
Assets |  |  |  |  |  |  |  |  |  |  |  |
Current assets |  | $ | 24,455 |  |  | $ | 9,847 |  |  | $ | 34,302 |
Non-current assets |  |  | 429 |  |  |  | 22,921 |  |  |  | 23,349 |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |
Current liabilities |  |  | 13,845 |  |  |  | — |  |  |  | 13,844 |
Non-current liabilities |  |  | 3,313 |  |  |  | — |  |  |  | 3,313 |
Equity |  |  |  |  |  |  |  |  |  |  |  |
Accumulated deficit |  | $ | (139,810 | ) |  | $ | 32,768 |  |  | $ | (107,042 | )
The following table compares net revenue for the periods presented to the pro forma amounts had the previous ASC 605 guidance been in effect for the year ended December 31, 2019:
|  | Year ended December 31, 2019 |
|  | Balances without new revenue standard |  |  | Effect of change |  |  | As reported |
|  | (in thousands) |
Program fee |  | $ | 36,667 |  |  | $ | — |  |  | $ | 36,667 |
Profit share |  |  | 33,807 |  |  |  | 19,231 |  |  |  | 53,038 |
Claims administration service fee |  |  | 3,142 |  |  |  | — |  |  |  | 3,142 |
Total revenue, net |  | $ | 73,616 |  |  | $ | 19,231 |  |  | $ | 92,847 |
|  | Year ended December 31, 2019 |
|  | Pro forma as if ASC 605 was in effect |  |  | Effect of change |  |  | As reported |
|  | (in thousands) |
Assets |  |  |  |  |  |  |  |  |  |  |  |
Unbilled revenue |  | $ | 10,793 |  |  | $ | (10,793 | ) |  | $ | — |
Current contract assets |  |  | — |  |  |  | 29,782 |  |  |  | 29,782 |
Total current assets |  |  | 10,793 |  |  |  | 18,989 |  |  |  | 29,782 |
Non-current contract assets |  |  | — |  |  |  | 33,169 |  |  |  | 33,169 |
Total |  | $ | 10,793 |  |  | $ | 52,158 |  |  | $ | 62,951 |

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