REVENUE RECOGNITION AND ACCOUNTS RECEIVABLE

3 Months Ended

Mar. 31, 2020

Revenue from Contract with Customer [Abstract]

REVENUE RECOGNITION AND ACCOUNTS RECEIVABLE

The Company's revenue is derived from providing quality healthcare services to its patients. The amount of revenue recognized reflects the consideration to which the Company expects to be entitled to receive in exchange for these services. The promise to provide quality care is accounted for as a single performance obligation satisfied at a point in time, when those services are rendered.

The Company performed analyses using the application of the portfolio approach as a practical expedient to group patient contracts with similar characteristics, such that revenue for a given portfolio would not be materially different than if it were evaluated on a contract-by-contract basis. These analyses incorporated consideration of reimbursements at varying rates from Medicaid, Medicare, Managed Care, Private Pay, Assisted Living, Hospice, and Veterans for services provided in each corresponding state. It was determined that the contracts are not materially different for the following groups: Medicaid, Medicare, Managed Care and Private Pay and other (Assisted Living, Hospice and Veterans).

Disaggregation of Revenue and Accounts Receivable

The Company received $900 of Medicaid stimulus dollars, which related to March 2020 and is reflected in the Company's results of operations for the three month periods ended March 31, 2020. The following table summarizes revenue from contracts with customers by payor source from continuing operations for the periods presented (dollar amounts in thousands):



	Three Months Ended March 31,
	2020				2019
Medicaid	$	54,330	45.3	%	$	53,811	45.8	%
Medicare	20,672		17.2	%	20,391		17.3	%
Managed Care	12,596		10.5	%	12,998		11.1	%
Private Pay and other	32,389		27.0	%	30,350		25.8	%
Total	$	119,987	100.0	%	$	117,550	100.0	%

Accounts receivable from continuing operations as of March 31, 2020 and December 31, 2019 are summarized in the following table:



	March 31,		December 31,
	2020		2019
Medicaid	$	23,321	$	21,998
Medicare	9,621		11,811
Managed Care	8,052		9,103
Private Pay and other	18,461		17,609
Total accounts receivable	$	59,455	$	60,521