Schedule of Operating Results by Reportable Segments |
The following table summarizes the operating results regularly provided to the CODM by reportable segment for the three months ended March 31, 2023 and 2022: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | March 31, 2023 | | March 31, 2022 | (In thousands) | PACE | | All other(1) | | Totals | | PACE | | All other(1) | | Totals | Capitation revenue | $ | 172,196 | | | $ | — | | | $ | 172,196 | | | $ | 176,988 | | | $ | — | | | $ | 176,988 | | Other service revenue | 87 | | | 256 | | | 343 | | | 166 | | | 205 | | | 371 | | Total revenues | 172,283 | | | 256 | | | 172,539 | | | 177,154 | | | 205 | | | 177,359 | | External provider costs | 89,805 | | | — | | | 89,805 | | | 103,254 | | | — | | | 103,254 | | Cost of care, excluding depreciation and amortization | 53,861 | | | 88 | | | 53,949 | | | 45,995 | | | 107 | | | 46,102 | | Center-Level Contribution Margin | 28,617 | | | 168 | | | 28,785 | | | 27,905 | | | 98 | | | 28,003 | | Overhead costs(2) | 33,041 | | | (79) | | | 32,962 | | | 30,911 | | | (85) | | | 30,826 | | Depreciation and amortization | 3,858 | | | 134 | | | 3,992 | | | 3,760 | | | 90 | | | 3,850 | | Interest expense, net | (360) | | | (45) | | | (405) | | | (663) | | | (46) | | | (709) | | Other income (expense) | (101) | | | — | | | (101) | | | 108 | | | — | | | 108 | | Income (Loss) Before Income Taxes | $ | (8,743) | | | $ | 68 | | | $ | (8,675) | | | $ | (7,321) | | | $ | 47 | | | $ | (7,274) | |
The following table summarizes the operating results regularly provided to the CODM by reportable segment for the nine months ended March 31, 2023 and 2022: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | March 31, 2023 | | March 31, 2022 | in thousands | PACE | | All other(1) | | Totals | | PACE | | All other(1) | | Totals | Capitation revenue | $ | 510,268 | | | $ | — | | | $ | 510,268 | | | $ | 524,507 | | | $ | — | | | $ | 524,507 | | Other service revenue | 263 | | | 682 | | | 945 | | | 234 | | | 1,039 | | | 1,273 | | Total revenues | 510,531 | | | 682 | | | 511,213 | | | 524,741 | | | 1,039 | | | 525,780 | | External provider costs | 279,550 | | | — | | | 279,550 | | | 284,299 | | | — | | | 284,299 | | Cost of care, excluding depreciation and amortization | 158,455 | | | 426 | | | 158,881 | | | 128,573 | | | 1,167 | | | 129,740 | | Center-Level Contribution Margin | 72,526 | | | 256 | | | 72,782 | | | 111,869 | | | (128) | | | 111,741 | | Overhead costs(2) | 100,148 | | | — | | | 100,148 | | | 93,463 | | | (98) | | | 93,365 | | Depreciation and amortization | 10,739 | | | 348 | | | 11,087 | | | 10,130 | | | 305 | | | 10,435 | | Interest expense, net | (1,095) | | | (136) | | | (1,231) | | | (1,783) | | | (147) | | | (1,930) | | Other income (expense) | 380 | | | — | | | 380 | | | (357) | | | (1) | | | (358) | | Income (Loss) Before Income Taxes | $ | (39,076) | | | $ | (228) | | | $ | (39,304) | | | $ | 6,136 | | | $ | (483) | | | $ | 5,653 | |
_________________________________ (1)Center-level Contribution Margin from segments below the quantitative thresholds are attributable to two operating segments of the Company. Those segments consist of Homecare and Senior Housing. Neither of those segments has ever met any of the quantitative thresholds for determining reportable segments. (2)Overhead consists of the Sales and marketing and Corporate, general and administrative financial statement line items.
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