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Basis of Presentation and Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2021
Accounting Policies [Abstract]  
Schedule of Disaggregated Revenue by Payor Type The following table presents disaggregated revenue generated by each payor type (in thousands):
Years Ended December 31,
202120202019
Commercial$138,333 $108,851 $107,340 
Medicare307,286271,596226,002
Medicaid283,311269,079192,596
Other third parties44,98537,65434,680
Revenue$773,915 $687,180 $560,618 
Schedule of Contributions to Revenue and Receivables by Payor The Company had major payors that contributed the following percentages of net revenue:
Years Ended December 31,
202120202019
Payor A12.5 %12.5 %13.6 %
Payor B*%10.9 %13.4 %
Payor C11.9 %13.1 %11.7 %
Payor D15.3 %16.9 %12.9 %
*Less than 10% of total net revenues
The Company had major payors that contributed to the following percentages of net receivables and receivables - related parties :
As of December 31,
20212020
Payor E45.0 %43.9 %
Payor F30.0 %36.5 %
Schedule of Carrying Amounts and Fair Values of Financial Instruments
The carrying amounts and fair values of the Company’s financial instruments as of December 31, 2021 are presented below (in thousands):
Fair Value Measurements
Level 1Level 2Level 3Total
Assets
Money market accounts*$114,665 $— $— $114,665 
Marketable securities – certificates of deposit25,024 — — 25,024 
Marketable securities – equity securities24,123 4,270 — 28,393 
Contingent equity securities— — 4,270 4,270 
Warrants— 1,145 — 1,145 
Total assets$163,812 $5,415 $4,270 $173,497 
Liabilities
Interest rate swaps— 1,071 — 1,071 
APCMG contingent consideration— — 1,000 1,000 
Total liabilities$— $1,071 $1,000 $2,071 
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 1Level 2Level 3Total
Assets
Money market accounts*$115,769 $— $— $115,769 
Marketable securities – certificates of deposit67,637 — — 67,637 
Marketable securities – equity securities58 — — 58 
Total$183,464 $— $— $183,464 
*Included in cash and cash equivalents