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Accounts Payable and Accrued Expenses
3 Months Ended
Mar. 31, 2022
Payables and Accruals [Abstract]  
Accounts Payable and Accrued Expenses

7. Accounts Payable and Accrued Expenses:

Accounts payable and accrued expenses consist of the following (in thousands):

 

 

 

March 31, 2022

 

December 31, 2021

Accounts payable

 

$30,315

 

$36,645

Accrued salaries and incentive compensation

 

75,419

 

213,974

Accrued payroll taxes and benefits

 

29,628

 

34,994

Accrued professional liabilities

 

34,042

 

37,729

Accrued interest

 

3,205

 

29,052

Other accrued expenses

 

59,480

 

41,724

 

 

$232,089

 

$394,118

 

The net decrease in accrued salaries and incentive compensation of $138.6 million, from December 31, 2021 to March 31, 2022, is primarily due to the payment of performance-based incentive compensation, principally to the Company’s affiliated physicians, partially offset by performance-based incentive compensation accrued during the three months ended March 31, 2022. A majority of the Company’s payments for performance-based incentive compensation is paid annually during the first quarter.