Note 6 - Other Revenues

9 Months Ended

Sep. 30, 2021

Notes to Financial Statements

Other Revenues [Text Block]

Note 6 – Other Revenues

Other revenues are outlined in the table below. Revenues from rental income include health care real estate properties owned by us and leased to third party operators. Revenues from management and accounting services include fees provided to manage and provide accounting services to other healthcare operators. Revenues from insurance services include premiums for workers’ compensation and professional liability insurance policies that our wholly–owned insurance subsidiaries have written for certain healthcare operators to which we provide management or accounting services. "Other" revenues include miscellaneous health care related earnings (in thousands).

	Three Months Ended September 30				Nine Months Ended September 30
	2021		2020		2021		2020
Rental income	$	5,792	$	5,646	$	16,954	$	16,972
Management and accounting services fees		4,244		4,052		12,703		12,651
Insurance services		1,291		1,294		3,832		4,074
Other		164		119		427		766
Total other revenues	$	11,491	$	11,111	$	33,916	$	34,463

Rental Income

The Company leases real estate assets consisting of skilled nursing facilities and assisted living facilities to third party operators. Additionally, we sublease four Florida skilled nursing facilities included in our lease from National Health Investors (“NHI”) as noted in Note 9 – Long Term Leases.

Management Fees from National Health Corporation

We manage five skilled nursing facilities owned by National Health Corporation (“National”). For the three and nine months ended September 30, 2021, we recognized management fees and interest on management fees of $970,000 and $2,806,000 from these centers, respectively. For the three months and nine months ended September 30, 2020, we recognized management fees and interest on management fees of $920,000 and $3,399,000 for these centers, respectively.

Insurance Services

For workers’ compensation insurance services, the premium revenues reflected in the interim condensed consolidated statements of operations for the three months and nine months ended September 30, 2021 were $780,000 and $2,298,000, respectively. For workers’ compensation insurance services, the premium revenues reflected in the interim condensed consolidated statements of operations for the three months and nine months ended September 30, 2020 were $779,000 and $2,441,000, respectively. Associated losses and expenses are reflected in the interim condensed consolidated statements of operations as "Salaries, wages and benefits."

For professional liability insurance services, the premium revenues reflected in the interim condensed consolidated statements of operations for the three months and nine months ended September 30, 2021 were $511,000 and $1,534,000, respectively. For professional liability insurance services, the premium revenues reflected in the interim condensed consolidated statements of operations for the three months and nine months ended September 30, 2020 were $515,000 and $1,633,000, respectively. Associated losses and expenses including those for self–insurance are included in the interim condensed consolidated statements of operations as "Other operating costs and expenses".