Accounts Payable and Accrued Expenses

9 Months Ended

Sep. 30, 2022

Payables and Accruals [Abstract]

Accounts Payable and Accrued Expenses

7. Accounts Payable and Accrued Expenses:

Accounts payable and accrued expenses consist of the following (in thousands):

	September 30, 2022	December 31, 2021
Accounts payable	$27,136	$36,645
Accrued salaries and incentive compensation	142,515	213,974
Accrued payroll taxes and benefits	37,191	34,994
Accrued professional liabilities	32,072	37,729
Accrued interest	3,520	29,052
Accrued contingent consideration	2,022	—
Other accrued expenses	62,004	41,724
	$306,460	$394,118

The net decrease in accrued salaries and incentive compensation of $71.5 million, from December 31, 2021 to September 30, 2022, is primarily due to the payment of performance-based incentive compensation, principally to the Company’s affiliated physicians, partially offset by performance-based incentive compensation accrued during the nine months ended September 30, 2022. A majority of the Company’s payments for performance-based incentive compensation is paid annually during the first quarter.