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Accounts Receivable and Net Revenue (Tables)
12 Months Ended
Dec. 31, 2025
Text Block [Abstract]  
Schedule of Net Revenue

Net revenue consists of the following (in thousands):

 

 

Years Ended December 31,

 

 

 

2025

 

 

2024

 

 

2023

 

Net patient service revenue

 

$

1,630,517

 

 

$

1,723,604

 

 

$

1,716,368

 

Hospital contract administrative fees

 

 

271,125

 

 

 

286,684

 

 

 

275,677

 

Other revenue

 

 

12,207

 

 

 

2,631

 

 

 

2,595

 

 

$

1,913,849

 

 

$

2,012,919

 

 

$

1,994,640

 

Schedule of Percentage of Net Revenue

The following is a summary of the Company’s payor mix, expressed as a percentage of net revenue, exclusive of hospital contract administrative fees and other revenue, for the periods indicated:

 

 

 

Years Ended December 31,

 

 

 

2025

 

 

2024

 

 

2023

 

Contracted managed care

 

 

70

%

 

 

70

%

 

 

67

%

Government

 

 

24

%

 

 

24

%

 

 

26

%

Other third-parties

 

 

4

%

 

 

4

%

 

 

5

%

Private-pay patients

 

 

2

%

 

 

2

%

 

 

2

%

 

 

100

%

 

 

100

%

 

 

100

%