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

9 Months Ended

Sep. 30, 2021

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, 2021 and 2020 (in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Commercial	$	36,960	$	25,041	$	102,522	$	75,233
Medicare	103,919		79,649		232,869		206,567
Medicaid	74,262		65,849		212,408		200,746
Other third parties	11,976		9,584		31,016		27,851
Revenue	$	227,117	$	180,123	$	578,815	$	510,397

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,				Nine Months Ended September 30,
	2021		2020		2021		2020
Payor A	13.8	%	12.7	%	13.1	%	12.1	%
Payor B	*		*		10.1	%	10.1	%
Payor C	13.3	%	16.2	%	15.4	%	17.0	%
Payor D	17.1	%	16.7	%	12.1	%	14.2	%

*    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, 2021		As of December 31, 2020
Payor C	13.7	%	*
Payor F	42.0	%	43.9	%
Payor G	25.8	%	36.5	%

*    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, 2021, are presented below (in thousands):

	Fair Value Measurements
	Level 1		Level 2		Level 3		Total
Assets
Money market funds*	$	89,678	$	—	$	—	$	89,678
Marketable securities – certificates of deposit	67,540		—		—		67,540
Marketable securities – equity securities	57,108		3,910		—		61,018
Warrants	—		1,045		—		1,045
Total assets	$	214,326	$	4,955	$	—	$	219,281
Liabilities
Interest rate swaps	$	—	$	1,010	$	—	$	1,010
APCMG contingent consideration	—		—		1,000		1,000
Total liabilities	$	—	$	1,010	$	1,000	$	2,010

*    Included in cash and cash equivalents

The carrying amounts and fair values of the Company’s financial instruments as of December 31, 2020, are presented below (in thousands):

	Fair Value Measurements
	Level 1		Level 2		Level 3		Total
Assets
Money market funds*	$	115,769	$	—	$	—	$	115,769
Marketable securities – certificates of deposit	67,637		—		—		67,637
Marketable securities – equity securities	58		—		—		58
Total	$	183,464	$	—	$	—	$	183,464

*    Included in cash and cash equivalents