ACCOUNTS RECEIVABLE, NET

3 Months Ended

Mar. 31, 2019

ACCOUNTS RECEIVABLE, NET

ACCOUNTS RECEIVABLE, NET

NOTE D — ACCOUNTS RECEIVABLE, NET

Accounts receivable, net represents outstanding amounts we expect to collect from the transfer of our products and services.  Principally, these amounts are comprised of receivables from Medicare, Medicaid, and commercial insurance plans.  Our accounts receivable represent amounts outstanding from our gross billings, net of contractual discounts and other implicit price concessions including estimates for payor disallowances, sales returns, and patient non-payments.

An allowance for doubtful accounts is also recorded for our Products & Services segment which is deducted from gross accounts receivable to arrive at “Accounts receivable, net.”  Accounts receivable, net as of March 31, 2019 and December 31, 2018 is comprised of the following:

	As of March 31, 2019						As of December 31, 2018
			Products &						Products &
(in thousands)	Patient Care		Services		Consolidated		Patient Care		Services		Consolidated
Accounts receivable, before allowances	$	176,705	$	24,981	$	201,686	$	182,338	$	24,542	$	206,880
Allowances for estimated implicit price concessions arising from:
Payor disallowances		(55,385)		—		(55,385)		(53,378)		—		(53,378)
Patient non-payments		(7,245)		—		(7,245)		(7,244)		—		(7,244)
Accounts receivable, gross		114,075		24,981		139,056		121,716		24,542		146,258
Allowance for doubtful accounts		—		(2,165)		(2,165)		—		(2,272)		(2,272)
Accounts receivable, net	$	114,075	$	22,816	$	136,891	$	121,716	$	22,270	$	143,986