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Basis of Presentation and Summary of Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2024
Accounting Policies [Abstract]  
Schedule of Disaggregated Revenue by Each Payor Type The following table presents disaggregated revenue generated by payer type for the three and six months ended June 30, 2024 and 2023 (in thousands):

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Commercial

 

$

44,187

 

 

$

38,907

 

 

$

92,916

 

 

$

78,926

 

Medicare

 

 

243,125

 

 

 

222,159

 

 

 

488,070

 

 

 

438,469

 

Medicaid

 

 

180,350

 

 

 

69,112

 

 

 

261,611

 

 

 

136,451

 

Other third parties

 

 

18,603

 

 

 

18,031

 

 

 

48,024

 

 

 

31,607

 

Revenue

 

$

486,265

 

 

$

348,209

 

 

$

890,621

 

 

$

685,453

 

Schedule of Contributions to Revenue and Receivables by Payor

The Company had major payers that contributed the following percentages of net revenue for the three and six months ended June 30, 2024 and 2023:

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Payer A

 

 

28.9

%

 

 

38.2

%

 

 

31.2

%

 

 

39.8

%

Payer B

 

 

15.4

%

 

*

 

 

 

14.5

%

 

*

 

*Less than 10% of total net revenues

The Company had major payers that contributed to the following percentages of receivables and receivables – related parties:

 

 

As of June 30,
2024

 

 

As of December 31,
2023

 

Payer A

 

 

30.5

%

 

 

36.0

%

Payer C

 

 

33.8

%

 

 

41.0

%