SEGMENT REPORTING

3 Months Ended

Mar. 31, 2022

Segment Reporting [Abstract]

SEGMENT REPORTING

SEGMENT REPORTING

Our reportable segments are described below:

Imaging Center

Our Imaging Center segment provides physicians with imaging capabilities to facilitate the diagnosis and treatment of diseases and disorders. Services include magnetic resonance imaging (MRI), computed tomography (CT), positron emission tomography (PET), nuclear medicine, mammography, ultrasound, diagnostic radiology (X-ray), fluoroscopy and other related procedures. The vast majority of our centers offer multi-modality imaging services, a strategy that diversifies revenue streams, reduces exposure to reimbursement changes and provides patients and referring physicians one location to serve the needs of multiple procedures. Included in the segment is our eRad subsidiary, which designs the underlying critical scheduling, data storage and retrieval systems necessary for imaging center operation.

Artificial Intelligence ("AI")

Our AI segment develops and deploys clinical applications to enhance interpretation of medical images and improve patient outcomes with an emphasis on brain, breast, prostate, and pulmonary diagnostics.

Our chief operating decision maker ("CODM"), who is also our CEO, evaluates the financial performance of our segments based upon their respective revenue and segmented internal profit and loss statements prepared on a basis not consistent with GAAP. We do not report balance sheet information by segment since it is not reviewed by our CODM.

The table below present segment information reconciled to our financial results, with segment operating income or loss including revenue less cost of operations, depreciation and amortization, and other operating expenses to the extent specifically identified by segment (in thousands):

	Three Months Ended March 31,
	2022		2021
Revenue:
Imaging Centers	$	341,168	$	315,319
AI	599		—
Total revenue	$	341,767	$	315,319
Cost of Operations
Imaging Centers	$	310,110	$	281,013
AI	4,929		1,267
Total cost of operations	$	315,039	$	282,280
Depreciation and Amortization:
Imaging Centers	$	25,805	$	22,569
AI	1,313		87
Total depreciation and amortization	$	27,118	$	22,656
Loss (Gain) on Disposal of Equipment:
Imaging Centers	$	1,154	$	(1,307)
AI	(26)		—
Total loss (gain)	$	1,128	$	(1,307)
Severance
Imaging Centers	$	201	$	285
AI	—		—
Total severance	$	201	$	285
(Loss) Income from Operations
Imaging Centers	$	3,898	$	12,759
AI	(5,617)		(1,354)
Total (loss) income from operations	$	(1,719)	$	11,405

For proper comparative purposes, Imaging Center segment revenue in 2021 excludes $6.2 million in Provider Relief Funding, as it represents a form of direct Government stimulus.