XML 23 R13.htm IDEA: XBRL DOCUMENT v3.21.1
REVENUE RECOGNITION AND ACCOUNTS RECEIVABLE
 3 Months Ended
Mar. 31, 2021
Revenue from Contract with Customer [Abstract]  
REVENUE RECOGNITION AND ACCOUNTS RECEIVABLE REVENUE RECOGNITION AND ACCOUNTS RECEIVABLE
The Company's revenue is derived from providing quality healthcare services to its patients. The amount of revenue recognized reflects the consideration to which the Company expects to be entitled to receive in exchange for these services. The promise to provide quality care is accounted for as a single performance obligation satisfied at a point in time, when those services are rendered on a daily basis.
The Company performed analyses using the application of the portfolio approach as a practical expedient to group patient contracts with similar characteristics, such that revenue for a given portfolio would not be materially different than if it were evaluated on a contract-by-contract basis. These analyses incorporated consideration of reimbursements at varying rates from Medicaid, Medicare, Managed Care, Private Pay, Assisted Living, Hospice, and Veterans for services provided in each corresponding state. It was determined that the contracts are not materially different for the following groups: Medicaid, Medicare, Managed Care and Private Pay and other (Assisted Living, Hospice and Veterans).
Disaggregation of Revenue and Accounts Receivable
In accordance with ASC 606, the Company recognized $3,757 and $299 of Medicaid and Hospice stimulus dollars, respectively, for the three month period ended March 31, 2021 that are reflected as patient revenues in the Company's results of operations and in the table below. Refer to Note 4, "COVID-19 Pandemic" for more information. The following table summarizes revenue from contracts with customers by payor source from continuing operations for the periods presented (dollar amounts in thousands):
Three Months Ended March 31,
20212020
Medicaid$49,955 44.1 %$54,330 45.3 %
Medicare24,458 21.6 %20,672 17.2 %
Managed Care13,676 12.1 %12,596 10.5 %
Private Pay and other25,271 22.2 %32,389 27.0 %
Total$113,360 100.0 %$119,987 100.0 %

Accounts receivable from continuing operations as of March 31, 2021 and December 31, 2020 are summarized in the following table:
March 31,December 31,
20212020
Medicaid$17,254 $17,354 
Medicare9,350 14,273 
Managed Care7,861 8,021 
Private Pay and other14,543 14,043 
Total accounts receivable$49,008 $53,691