Significant Accounting Policies (Tables)
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6 Months Ended |
Jun. 30, 2022 |
Significant Accounting Policies |
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Summary of total cash balances |
| | | | | | | | | Successor | | | June 30, 2022 | | December 31, 2021 | Unrestricted | | $ | 63,145,379 | | $ | 140,477,586 | Restricted | | | 753,920 | | | 356,286 | Total Cash Balances | | $ | 63,899,299 | | $ | 140,833,872 |
| | | | | | Predecessor | | | June 30, 2021 | Unrestricted | | $ | 16,322,893 | Restricted | | | 223,872 | Total Cash Balances | | $ | 16,546,765 |
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Summary of sources (by product type) from which the Company's revenues are derived |
| | | | | | | | | | | | | | | Successor | | | Predecessor | | | | | | | | | Three Months Ended | | | | | | Three Months Ended | | | | | June 30, 2021 | | | | Revenue Type | | June 30, 2022 | | % of Total | | | (As Restated) | | % of Total | | Capitated Revenue | | $ | 267,102,466 | | 99.1 | % | | $ | 141,560,867 | | 97.9 | % | Other Patient Service Revenue: | | | | | | | | | | | | | Clinical Fees & Insurance Revenue | | | 264,624 | | 0.1 | % | | | 1,286,863 | | 0.9 | % | Shared Risk Revenue | | | 55,154 | | 0.0 | % | | | 202,011 | | 0.1 | % | Care Coordination / Management Fees | | | 762,067 | | 0.3 | % | | | 971,605 | | 0.7 | % | Incentive Fees | | | 1,269,660 | | 0.5 | % | | | 565,098 | | 0.4 | % | Total Other Patient Service Revenue | | | 2,351,505 | | 0.9 | % | | | 3,025,577 | | 2.1 | % | Total Revenue | | $ | 269,453,971 | | 100 | % | | $ | 144,586,444 | | 100 | % |
| | | | | | | | | | | | | | | Successor | | | Predecessor | | | | | | | | | Six Months Ended | | | | | | Six Months Ended | | | | | June 30, 2021 | | | | Revenue Type | | June 30, 2022 | | % of Total | | | (As Restated) | | % of Total | | Capitated Revenue | | $ | 536,787,281 | | 98.9 | % | | $ | 290,525,057 | | 98.2 | % | Other Patient Service Revenue: | | | | | | | | | | | | | Clinical Fees & Insurance Revenue | | | 2,146,877 | | 0.4 | % | | | 2,108,627 | | 0.7 | % | Shared Risk Revenue | | | 55,154 | | 0.0 | % | | | 202,011 | | 0.1 | % | Care Coordination / Management Fees | | | 2,683,173 | | 0.5 | % | | | 1,848,400 | | 0.6 | % | Incentive Fees | | | 1,325,820 | | 0.2 | % | | | 1,200,291 | | 0.4 | % | Total Other Patient Service Revenue | | | 6,211,024 | | 1.1 | % | | | 5,359,329 | | 1.8 | % | Total Revenue | | $ | 542,998,305 | | 100 | % | | $ | 295,884,386 | | 100 | % |
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Summary of health plans from which the Company has a concentration of revenue that is 10.0%, or more |
| | | | | | | | | | | | | | | Successor | | | Predecessor | | | | | | | | | Three Months Ended | | | | | | Three Months Ended | | | | | June 30, 2021 | | | | Plan Name | | June 30, 2022 | | % of Total | | | (As Restated) | | % of Total | | Health Plan C | | $ | 54,392,897 | | 20.2 | % | | $ | 18,412,847 | | 12.7 | % | Health Plan B | | | 45,818,789 | | 17.0 | % | | | 33,449,667 | | 23.2 | % | Health Plan A | | | 48,047,307 | | 17.8 | % | | | 39,119,191 | | 27.1 | % | Health Plan D | | | 36,013,196 | | 13.4 | % | | | 27,231,621 | | 18.8 | % | All Other | | | 85,181,782 | | 31.6 | % | | | 26,373,118 | | 18.2 | % | Total Revenue | | $ | 269,453,971 | | 100 | % | | $ | 144,586,444 | | 100 | % |
| | | | | | | | | | | | | | | Successor | | | Predecessor | | | | | | | | | Six Months Ended | | | | | | Six Months Ended | | | | | June 30, 2021 | | | | Plan Name | | June 30, 2022 | | % of Total | | | (As Restated) | | % of Total | | Health Plan C | | $ | 109,714,073 | | 20.2 | % | | $ | 37,693,084 | | 12.7 | % | Health Plan B | | | 93,838,172 | | 17.3 | % | | | 67,034,039 | | 22.7 | % | Health Plan A | | | 93,285,372 | | 17.2 | % | | | 77,813,676 | | 26.3 | % | Health Plan D | | | 72,876,157 | | 13.4 | % | | | 54,925,880 | | 18.6 | % | All Other | | | 173,284,531 | | 31.9 | % | | | 58,417,707 | | 19.7 | % | Total Revenue | | $ | 542,998,305 | | 100 | % | | $ | 295,884,386 | | 100 | % |
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Summary of settlement receivables (health plan surpluses) and settlement payables (health plan deficits), by health plan, by year |
| | | | | | | | | Health Plan Receivables | | | Successor | | | June 30, 2022 | | December 31, 2021 | Health Plan A | | $ | 4,296,896 | | $ | 4,695,712 | Health Plan B | | | 24,371,497 | | | 15,473,828 | Health Plan C | | | 32,543,742 | | | 1,380,752 | Health Plan D | | | 13,749,578 | | | 6,651,586 | Health Plan E | | | 517,654 | | | 2,439,046 | Health Plan F | | | 1,435,258 | | | 2,925,751 | Health Plan G | | | 19,890 | | | 239,375 | Health Plan H | | | 3,795,423 | | | 2,185,619 | Health Plan I | | | 1,504,353 | | | 1,134,750 | Health Plan J | | | 317,704 | | | 149,915 | Health Plan K | | | 666,312 | | | 2,705,147 | Health Plan L | | | 260,317 | | | 899,560 | Health Plan M | | | 3,310,581 | | | 1,747,116 | Health Plan N | | | 1,596,377 | | | 974,092 | Health Plan O | | | 2,696,375 | | | 666,291 | Health Plan P | | | 415,688 | | | 106,162 | Health Plan Q | | | 351,090 | | | 61,990 | Health Plan R | | | 4,426,655 | | | 3,578,682 | Health Plan S | | | 600,639 | | | — | Health Plan T | | | 2,198,285 | | | 2,175,324 | Health Plan U | | | 723,797 | | | 60,306 | Health Plan W | | | 8,299 | | | — | Total Health Plan Receivables | | $ | 99,806,410 | | $ | 50,251,004 |
| | | | | | | | | Health Plan Settlement Payables | | | Successor | | | June 30, 2022 | | December 31, 2021 | Health Plan A | | $ | 109,085 | | $ | — | Health Plan B | | | 11,700,274 | | | 11,700,274 | Health Plan D | | | — | | | 3,882,250 | Health Plan F | | | 5,144,469 | | | 6,085,425 | Health Plan G | | | 885,194 | | | 776,164 | Health Plan I | | | (147,868) | | | (215,626) | Health Plan O | | | 16,552 | | | (39,151) | Health Plan U | | | 226,209 | | | 226,209 | Health Plan V | | | 88,480 | | | 133,149 | Total Health Plan Settlement Payables | | $ | 18,022,395 | | $ | 22,548,694 |
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