Basis of Presentation and Summary of Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2020

Accounting Policies [Abstract]

Schedule of Disaggregated Revenue by Each Payor Type

The following table presents disaggregated revenue generated by payor type for the three and nine months ended September 30, 2020 and 2019 (in thousands):

	Three Months Ended September 30,
	2020		2019
Commercial	$	25,041	$	25,429
Medicare	79,649		60,737
Medicaid	65,849		61,189
Other third parties	9,584		8,705
Revenue	$	180,123	$	156,060

	Nine Months Ended September 30,
	2020		2019
Commercial	$	75,233	$	75,883
Medicare	206,567		155,730
Medicaid	200,746		122,837
Other third parties	27,851		27,417
Revenue	$	510,397	$	381,867

Schedule of Contributions to Revenue and Receivables by Payor

The Company had major payors that contributed the following percentages of net revenue:

	Three Months Ended September 30,
	2020		2019
Payor A	12.7	%	12.0	%
Payor B	*		11.7	%
Payor D	16.2	%	12.0	%
Payor E	16.7	%	19.9	%

	Nine Months Ended September 30,
	2020		2019
Payor A	12.1	%	14.3	%
Payor B	10.1	%	13.3	%
Payor C	*		10.0	%
Payor D	17.0	%	*
Payor E	14.2	%	11.0	%

*    Less than 10% of total net revenues

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

	As of September 30, 2020		As of December 31, 2019
Payor D	16.7	%	*
Payor F	32.5	%	30.4	%
Payor G	29.2	%	36.0	%

*    Less than 10% of total receivables and receivables — related parties, net

Schedule of Carrying Amounts and Fair Values of Financial Instruments

The carrying amounts and fair values of the Company’s financial instruments as of September 30, 2020, are presented below (in thousands):

	Fair Value Measurements
	Level 1		Level 2		Level 3		Total
Assets
Money market funds*	$	115,039	$	—	$	—	$	115,039
Marketable securities – certificates of deposit	118,262		—		—		118,262
Marketable securities – equity securities	47		—		—		47
Total	$	233,348	$	—	$	—	$	233,348

The carrying amounts and fair values of the Company’s financial instruments as of December 31, 2019, are presented below (in thousands):

	Fair Value Measurements
	Level 1		Level 2		Level 3		Total
Assets
Money market funds*	$	50,731	$	—	$	—	$	50,731
Marketable securities – certificates of deposit	116,469		—		—		116,469
Marketable securities – equity securities	70		—		—		70
Total	$	167,270	$	—	$	—	$	167,270

*    Included in cash and cash equivalents