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Basis of Presentation and Summary of Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2025
Accounting Policies [Abstract]  
Schedule of Disaggregated Revenue by Each Payor Type The following table presents disaggregated revenue generated by each payer type (in thousands):

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Commercial

 

$

46,049

 

 

$

44,187

 

 

$

93,278

 

 

$

92,916

 

Medicare

 

 

403,111

 

 

 

243,125

 

 

 

790,995

 

 

 

488,070

 

Medicaid

 

 

192,621

 

 

 

180,350

 

 

 

365,802

 

 

 

261,611

 

Other third parties

 

 

13,027

 

 

 

18,603

 

 

 

25,121

 

 

 

48,024

 

Revenue

 

$

654,808

 

 

$

486,265

 

 

$

1,275,196

 

 

$

890,621

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Schedule of Contributions to Revenue and Receivables by Payor

The Company had major payers from its Care Partners segment that contributed the following percentages of net revenue:

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Payer A

 

 

31.9

%

 

 

28.9

%

 

 

32.4

%

 

 

31.2

%

Payer B

 

 

17.6

%

 

 

15.4

%

 

 

16.5

%

 

 

14.5

%

Payer C (1)

 

 

10.3

%

 

 

12.0

%

 

 

10.4

%

 

 

10.6

%

(1)
For the three and six months ended June 30, 2024, Payer C also includes subsidiary health plans.

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

 

 

As of June 30,
2025

 

 

As of December 31,
2024

 

Payer A

 

 

50.8

%

 

 

38.9

%

Payer D

 

 

15.9

%

 

 

16.1

%

Payer E

 

 

12.0

%

 

 

18.3

%