RECEIVABLES

Receivables, before the allowance for doubtful accounts, consist of the following components:



	December 31,
	2014		2013

Medicare	$	16,312,000	$	12,889,000
Medicaid and other non-federal government programs	14,710,000		13,131,000
Other patient and resident receivables	16,294,000		10,517,000
	$	47,316,000	$	36,537,000
Other receivables and advances	$	862,000	$	1,118,000

The other receivables and advances balance are composed of $588,000 and $843,000 related to renovation projects to be funded by Omega at December 31, 2014 and 2013, respectively. See Note 11 for additional discussion of these receivables and leased facility construction projects.

Our accounts receivable at December 31, 2014 included approximately $5.5 million of accounts that had not yet been billed as a result of the change of ownership process. The unbilled receivables are primarily attributable for the newly leased facilities in Nicholasville, Kentucky, and Greenville, Kentucky, for which we assumed operations in August 2013 and October 2014, respectively. These two facilities have approximately $2.7 million of unbilled receivables as of December 31, 2014. Additionally, the three facilities in Missouri, for which we assumed operations in July 2014, contributed $2.3 million to the unbilled receivables balance. The balance of the unbilled receivables at December 31, 2014 also includes amounts attributable to the Avon and Ontario Pointe facilities for which we assumed operations in August 2014. During the change of ownership process, we are required to hold these accounts while waiting for final Medicare and Medicaid approvals. We expect these accounts to be collectible as soon as we are able to submit them for payment.

The Company provides credit for a substantial portion of its revenues and continually monitors the credit-worthiness and collectability from its patients, including proper documentation of third-party coverage. The Company is subject to accounting losses from uncollectible receivables in excess of its reserves.

Substantially all receivables are pledged as collateral on the Company's debt obligations.