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Revenue from Contracts with Customers (Tables)
3 Months Ended
Mar. 31, 2022
Summary of Revenue Recognized on Various Performance Obligations and Elected Accounting Expedients

The breakdown of revenue recognized based on the origination of performance obligations and elected accounting expedients is presented in the tables below:

(In thousands)

 

Three Months
Ended
March 31, 2022

 

Revenue related to deferred revenue balance at beginning of period

 

$

36,151

 

Revenue related to new performance obligations satisfied during the period

 

 

45,306

 

Revenue recognized under "right-to-invoice" expedient

 

 

61,114

 

Reimbursed travel expenses, shipping and other revenue

 

 

101

 

Total revenue

 

$

142,672

 

 

(In thousands)

 

Three Months
Ended
March 31, 2021

 

Revenue related to deferred revenue balance at beginning of period

 

$

29,401

 

Revenue related to new performance obligations satisfied during the period

 

 

47,263

 

Revenue recognized under "right-to-invoice" expedient

 

 

56,811

 

Reimbursed travel expenses, shipping and other revenue

 

 

177

 

Total revenue

 

$

133,652

 

Summary of Revenue by Type and Nature of Revenue Stream by Reportable Segments The tables below summarize revenue by type and nature of revenue stream as well as by our reportable segments. Refer to Note 16, “Business Segments”, for further information regarding the change to our reportable segments during the first quarter of 2022.
Summary of Changes in Estimate of Credit Losses for Contract Assets

Changes in the estimate of credit losses for contract assets are presented in the table below.

 

 

Three Months Ended March 31,

 

(In thousands)

 

2022

 

 

2021

 

Beginning balance

 

$

2,110

 

 

$

2,110

 

Current period provision

 

 

0

 

 

 

0

 

Ending balance

 

$

2,110

 

 

$

2,110

 

Less: Contract assets, short-term

 

 

576

 

 

 

576

 

Total contract assets, long-term

 

$

1,534

 

 

$

1,534

 

 

Revenue by Segment [Member]  
Summary of Revenue by Type and Nature of Revenue Stream by Reportable Segments

 

 

Three Months Ended March 31, 2022

 

(In thousands)

 

Veradigm

 

 

Unallocated Amounts

 

 

Total

 

Provider

 

$

112,271

 

 

$

6,394

 

 

$

118,665

 

Payer & Life Sciences

 

 

24,007

 

 

 

0

 

 

 

24,007

 

Total revenue

 

$

136,278

 

 

$

6,394

 

 

$

142,672

 

 

 

 

Three Months Ended March 31, 2021

 

(In thousands)

 

Veradigm

 

 

Unallocated Amounts

 

 

Total

 

Provider

 

$

103,888

 

 

$

7,282

 

 

$

111,170

 

Payer & Life Sciences

 

 

22,482

 

 

 

0

 

 

 

22,482

 

Total revenue

 

$

126,370

 

 

$

7,282

 

 

$

133,652