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Business Segment Information
3 Months Ended
Mar. 31, 2024
Segment Reporting [Abstract]  
Business Segment Information Business Segment Information
The Company’s reportable segments are organized based on service platforms, with the Patient Services segment reflecting higher margin rental revenues that generally include payments made by third-party and direct payers and the Device Solutions segment reflecting lower margin product sales, direct payer rental and service revenues. Resources are allocated and performance is assessed for these segments by the Company’s Chief Executive Officer, whom the Company has determined to be its chief operating decision-maker. The Company believes that reporting performance at the gross profit level is the best indicator of segment performance.
The financial information summarized below is presented by reportable segment for the three months ended March 31, 2024 and 2023:
2024
(in thousands)Patient ServicesDevice Solutions
Corporate/
Eliminations
Total
 
Net revenues - external$18,591$13,404$$31,995
Net revenues - internal1,713(1,713)
Total net revenues18,59115,117(1,713)31,995
Gross profit12,2744,20016,474
Selling, general and administrative expenses17,319
Interest expense(456)
Other income3
Loss before income taxes$(1,298)
Total assets$57,996$44,854$2,000$104,850
Purchases of medical equipment$350$1,143$$1,493
Depreciation and amortization of intangible assets$1,856$1,044$$2,900
2023
(in thousands)Patient ServicesDevice Solutions
Corporate/
Eliminations
Total
Net revenues - external$18,774$11,596$$30,370
Net revenues - internal1,630(1,630)
Total net revenues18,77413,226(1,630)30,370
Gross profit11,5413,40914,950
Selling, general and administrative expenses15,057
Interest expense(484)
Other expense(35)
Loss before income taxes$(626)
Total assets$62,769$37,492$2,000$102,261
Purchases of medical equipment$2,673$1,295$$3,968
Depreciation and amortization of intangible assets$2,178$1,025$$3,203