Basis of Presentation and Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2020

Accounting Policies [Abstract]

Schedule of Disaggregated Revenue by Each Payor Type

The following table presents disaggregated revenue generated by each payor type for the three months ended March 31, 2020 and 2019 (in thousands):

	For the Three Months Ended March 31,
	2020		2019
Commercial	$	24,710	$	26,761
Medicare	68,641		25,465
Medicaid	62,690		37,232
Other third parties	9,064		6,300
Revenue	$	165,105	$	95,758

Schedule of Contributions to Revenue and Receivables by Payor

The Company had major payors that contributed the following percentages of net revenue:

	For the Three Months Ended March 31,
	2020		2019
Payor A	12.1	%	17.4	%
Payor B	10.3	%	15.3	%
Payor C	*		12.0	%
Payor D	17.6	%	*
Payor E	13.3	%	*

* Less than 10% of total net revenues

The Company had major payors that contributed to the following percentages of receivables and receivables – related parties before the allowance for doubtful accounts:

	As of March 31, 2020		As of December 31, 2019
Payor D	13.6	%	*
Payor F	33.5	%	30.4	%
Payor G	33.6	%	36.0	%

* Less than 10% of total receivables and receivables — related parties, net

Schedule of Carrying Amounts and Fair Values of Financial Instruments

The carrying amounts and fair values of the Company’s financial instruments as of March 31, 2020 are presented below (in thousands):

	Fair Value Measurements
	Level 1		Level 2		Level 3		Total
Assets
Money market funds*	$	41,675	$	—	$	—	$	41,675
Marketable securities – certificates of deposit	117,036		—		—		117,036
Marketable securities – equity securities	39		—		—		39
Total	$	158,750	$	—	$	—	$	158,750

The carrying amounts and fair values of the Company’s financial instruments as of December 31, 2019 are presented below (in thousands):

	Fair Value Measurements
	Level 1		Level 2		Level 3		Total
Assets
Money market funds*	$	50,731	$	—	$	—	$	50,731
Marketable securities – certificates of deposit	116,469		—		—		116,469
Marketable securities – equity securities	70		—		—		70
Total	$	167,270	$	—	$	—	$	167,270

*    Included in cash and cash equivalents