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Accounts Receivable and Net Revenue (Tables)
6 Months Ended
Jun. 30, 2026
Text Block [Abstract]  
Schedule of Net Revenue

The following table summarizes the Company’s net revenue by category (in thousands):

 

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Net patient service revenue

 

$

418,699

 

 

$

397,410

 

 

$

824,051

 

 

$

786,788

 

Hospital contract administrative fees

 

 

68,305

 

 

 

68,224

 

 

 

138,225

 

 

 

133,408

 

Other revenue

 

 

779

 

 

 

3,210

 

 

 

1,703

 

 

 

7,007

 

 

 

$

487,783

 

 

$

468,844

 

 

$

963,979

 

 

$

927,203

 

Schedule of Percentage of Net Revenue

The approximate percentage of net patient service revenue by type of payor was as follows:

 

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Contracted managed care

 

 

72

%

 

 

71

%

 

 

71

%

 

 

70

%

Government

 

 

23

 

 

 

23

 

 

 

23

 

 

 

24

 

Other third-parties

 

 

4

 

 

 

4

 

 

 

4

 

 

 

4

 

Private-pay patients

 

 

1

 

 

 

2

 

 

 

2

 

 

 

2

 

 

 

100

%

 

 

100

%

 

 

100

%

 

 

100

%