Contract Liabilities

6 Months Ended

Jun. 30, 2022

Revenue from Contract with Customer [Abstract]

Contract Liabilities

CONTRACT LIABILITIES

As further explained in Note 13, “Related Party Transactions”, the Company entered into certain agreements with Humana, Inc. ("Humana") under which the Company receives administrative payments in exchange for providing care coordination services at certain clinics licensed to the Company over the term of such agreements. The Company’s contract liabilities balance related to these payments from Humana was $7.5 million and $6.1 million as of June 30, 2022 and December 31, 2021, respectively. The short-term portion was recorded in other current liabilities and the long-term portion was recorded in other liabilities. The Company recognized $0.7 million and $1.3 million in revenue from contract liabilities recorded during the three and six months ended June 30, 2022, respectively.

A summary of significant changes in the contract liabilities balance during the period is as follows:

(in thousands)		For the three months ended June 30, 2022
Balance at March 31, 2022	$	8,189
Increases due to amounts collected		—
Decreases due to revenue recognized		(652)
Balance at June 30, 2022	$	7,537

(in thousands)		For the six months ended June 30, 2022
Balance at December 31, 2021	$	6,059
Increases due to amounts collected		2,750
Decreases due to revenue recognized		(1,272)
Balance at June 30, 2022	$	7,537

Of the June 30, 2022 contract liabilities balance, the Company expects to recognize the following amounts as revenue in the succeeding years:

Years ended December 31,		Amount (in thousands)
2022 - remaining	$	1,314
2023		2,628
2024		2,442
2025		1,111
2026		42
Total	$	7,537