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Revenue from Contracts with Customers (Tables)
6 Months Ended
Jun. 30, 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

 

 

Three Months
Ended
June 30, 2022

 

Revenue related to deferred revenue balance at beginning of period

 

$

36,151

 

 

$

25,901

 

Revenue related to new performance obligations satisfied during the period

 

 

45,306

 

 

 

55,990

 

Revenue recognized under "right-to-invoice" expedient

 

 

61,114

 

 

 

68,877

 

Reimbursed travel expenses, shipping and other revenue

 

 

101

 

 

 

130

 

Total revenue

 

$

142,672

 

 

$

150,898

 

 

(In thousands)

 

Three Months
Ended
March 31, 2021

 

 

Three Months
Ended
June 30, 2021

 

Revenue related to deferred revenue balance at beginning of period

 

$

29,401

 

 

$

36,770

 

Revenue related to new performance obligations satisfied during the period

 

 

47,263

 

 

 

41,814

 

Revenue recognized under "right-to-invoice" expedient

 

 

56,811

 

 

 

62,105

 

Reimbursed travel expenses, shipping and other revenue

 

 

177

 

 

 

517

 

Total revenue

 

$

133,652

 

 

$

141,206

 

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.

 

 

Six Months Ended June 30,

 

(In thousands)

 

2022

 

 

2021

 

Beginning balance

 

$

2,110

 

 

$

2,110

 

Write-offs

 

 

(345

)

 

 

0

 

Ending balance

 

$

1,765

 

 

$

2,110

 

Less: Contract assets, short-term

 

 

564

 

 

 

576

 

Total contract assets, long-term

 

$

1,201

 

 

$

1,534

 

Revenue by Segment [Member]  
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 segment.

 

 

Three Months Ended June 30, 2022

 

(In thousands)

 

Veradigm

 

 

Unallocated Amounts

 

 

Total

 

Provider

 

$

112,678

 

 

$

6,261

 

 

$

118,939

 

Payer & Life Sciences

 

 

31,959

 

 

 

0

 

 

 

31,959

 

Total revenue

 

$

144,637

 

 

$

6,261

 

 

$

150,898

 

 

 

 

Three Months Ended June 30, 2021

 

(In thousands)

 

Veradigm

 

 

Unallocated Amounts

 

 

Total

 

Provider

 

$

108,147

 

 

$

7,757

 

 

$

115,904

 

Payer & Life Sciences

 

 

25,302

 

 

 

0

 

 

 

25,302

 

Total revenue

 

$

133,449

 

 

$

7,757

 

 

$

141,206

 

 

 

 

Six Months Ended June 30, 2022

 

(In thousands)

 

Veradigm

 

 

Unallocated Amounts

 

 

Total

 

Provider

 

$

224,949

 

 

$

12,655

 

 

$

237,604

 

Payer & Life Sciences

 

 

55,966

 

 

 

0

 

 

 

55,966

 

Total revenue

 

$

280,915

 

 

$

12,655

 

 

$

293,570

 

 

 

 

Six Months Ended June 30, 2021

 

(In thousands)

 

Veradigm

 

 

Unallocated Amounts

 

 

Total

 

Provider

 

$

212,035

 

 

$

15,039

 

 

$

227,074

 

Payer & Life Sciences

 

 

47,784

 

 

 

0

 

 

 

47,784

 

Total revenue

 

$

259,819

 

 

$

15,039

 

 

$

274,858