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Accounts Receivable and Net Revenue (Tables)
12 Months Ended
Dec. 31, 2023
Text Block [Abstract]  
Schedule of Accounts Receivable, Net

Accounts receivable, net consists of the following (in thousands):

 

 

 

December 31,

 

 

 

2023

 

 

2022

 

Gross accounts receivable

 

$

1,379,213

 

 

$

1,548,492

 

Allowance for contractual adjustments and
   uncollectibles

 

 

(1,106,900

)

 

 

(1,251,705

)

 

$

272,313

 

 

$

296,787

 

Schedule of Net Revenue

Net revenue consists of the following (in thousands):

 

 

Years Ended December 31,

 

 

 

2023

 

 

2022

 

 

2021

 

Net patient service revenue

 

$

1,716,368

 

 

$

1,688,818

 

 

$

1,641,323

 

Hospital contract administrative fees

 

 

275,677

 

 

 

262,931

 

 

 

240,022

 

Other revenue

 

 

2,595

 

 

 

20,272

 

 

 

29,846

 

 

$

1,994,640

 

 

$

1,972,021

 

 

$

1,911,191

 

Schedule of Percentage of Net Revenue

The following is a summary of the Company’s payor mix, expressed as a percentage of net revenue, exclusive of administrative fees and other miscellaneous revenue, for the periods indicated:

 

 

 

Years Ended December 31,

 

 

 

2023

 

 

2022

 

 

2021

 

Contracted managed care

 

 

67

%

 

 

66

%

 

 

68

%

Government

 

 

26

%

 

 

26

%

 

 

25

%

Other third-parties

 

 

5

%

 

 

6

%

 

 

5

%

Private-pay patients

 

 

2

%

 

 

2

%

 

 

2

%

 

 

100

%

 

 

100

%

 

 

100

%