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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2022
Roll-Forward of Activity in Allowance for Credit Losses

A roll-forward of the activity in the Company’s allowance for credit losses is as follows:

 

 

December 31,

 

 

2022

 

 

2021

 

 

2020

 

 

(in thousands)

 

Allowance for credit losses at beginning of year

$

11,217

 

 

$

1,898

 

 

$

751

 

Impact of ASU 2016-13 adoption

 

 

 

 

887

 

 

 

 

Current period provision

 

32,596

 

 

 

8,931

 

 

 

1,170

 

Write-downs

 

(2,608

)

 

 

(499

)

 

 

(23

)

Allowance for credit losses at end of year

$

41,205

 

 

$

11,217

 

 

$

1,898

 

Accounting Standards Update 2014-09  
Summary of Revenue from Contracts with Customers by Payor Type The following table summarizes revenue from contracts with customers by payor type for the years ended December 31, 2022, 2021 and 2020.

 

 

Year Ended December 31,

 

 

2022

 

 

2021

 

 

2020

 

 

(in thousands)

 

Testing Services by payor

 

 

 

 

 

 

 

 

Insurance

$

377,873

 

 

$

555,762

 

 

$

257,587

 

Institutional

 

239,961

 

 

 

435,688

 

 

 

163,083

 

Patient

 

1,134

 

 

 

1,134

 

 

 

1,042

 

Total Revenue

$

618,968

 

 

$

992,584

 

 

$

421,712