NOTE 3 - ACCOUNTS RECEIVABLE, MEDICAL RECEIVABLE AND MANAGEMENT AND OTHER FEES RECEIVABLE (USD $) (Tables)

6 Months Ended

Dec. 31, 2015

Receivables [Abstract]

Receivables - net

FONAR CORPORATION AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

DECEMBER 31, 2015 and 2014

(Amounts and shares in thousands, except per share amounts)

(UNAUDITED)

NOTE 3 – ACCOUNTS RECEIVABLE, MEDICAL RECEIVABLE AND MANAGEMENT AND OTHER FEES RECEIVABLE

Receivables, net is comprised of the following at December 31, 2015:

	Gross Receivable		Allowance for doubtful accounts		Net
Accounts receivable	$	4,845	$	288	$	4,557
Accounts receivable - related party	$	60	$	—	$	60
Medical receivable	$	31,804	$	22,237	$	9,567
Management and other fees receivable	$	28,097	$	13,441	$	14,656
Management and other fees receivable from related medical practices ("PC’s")	$	4,047	$	403	$	3,644

Receivables, net is comprised of the following at June 30, 2015:

	Gross Receivable		Allowance for doubtful accounts		Net
Accounts receivable	$	4,153	$	362	$	3,791
Accounts receivable - related party	$	—	$	—	$	—
Medical receivable	$	24,541	$	15,459	$	9,082
Management and other fees receivable	$	27,330	$	13,272	$	14,058
Management and other fees receivable from related medical practices ("PC’s")	$	3,910	$	403	$	3,507

Patient fee revenue - net

Management and Other Fees Receivable

(Amounts and shares in thousands, except per share amounts) (UNAUDITED)

The Company’s patient fee revenue, net of contractual allowances and discounts less the provision for bad debts for the three and six months ended December 31, 2015 and 2014 are summarized in the following tables.

	For the Three Months Ended December 31,
	2015			2014
Commercial Insurance/ Managed Care	$	1,122		$	1,074
Medicare/Medicaid		267			307
Workers' Compensation/Personal Injury		4,888			3,146
Other		1,509			2,102
Patient Fee Revenue, net of contractual allowances and discounts		7,786			6,629
Provision for Bad Debts		(3,270	)		(2,897	)
Net Patient Fee for Revenue	$	4,516		$	3,732

	For the Six Months Ended December 31,
	2015			2014
Commercial Insurance/ Managed Care	$	2,193		$	2,154
Medicare/Medicaid		542			604
Workers' Compensation/Personal Injury		10,196			6,841
Other		2,970			3,817
Patient Fee Revenue, net of contractual allowances and discounts		15,901			13,416
Provision for Bad Debts		(6,778	)		(6,042	)
Net Patient Fee for Revenue	$	9,123		$	7,374