Accounts Payable and Accrued Expenses

3 Months Ended

Mar. 31, 2023

Payables and Accruals [Abstract]

Accounts Payable and Accrued Expenses

6. Accounts Payable and Accrued Expenses:

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

	March 31, 2023	December 31, 2022
Accounts payable	$35,333	$31,857
Accrued salaries and incentive compensation	67,767	197,831
Accrued payroll taxes and benefits	28,355	34,983
Accrued professional liabilities	26,062	32,232
Accrued interest	3,235	8,921
Other accrued expenses	65,923	68,401
	$226,675	$374,225

The net decrease in accrued salaries and incentive compensation of $130.0 million, from December 31, 2022 to March 31, 2023, 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 three months ended March 31, 2023. A majority of the Company’s payments for performance-based incentive compensation is paid annually during the first quarter.