REVENUE RECOGNITION AND ACCOUNTS RECEIVABLE

6 Months Ended

Jun. 30, 2020

Revenue from Contract with Customer [Abstract]

REVENUE RECOGNITION AND ACCOUNTS RECEIVABLE

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

In accordance with ASC 606, the Company recognized $4,203 and $5,064 of Medicaid and Hospice stimulus dollars for the three and six month periods ended June 30, 2020, respectively, that are reflected as patient revenues in the Company's results of operations. Refer to Note 4, "COVID-19 Pandemic" for more information. 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 June 30,
	2020				2019
Medicaid	$	54,161	45.8	%	$	53,812	45.6	%
Medicare	22,424		19.0	%	19,545		16.6	%
Managed Care	12,355		10.4	%	13,120		11.1	%
Private Pay and other	29,303		24.8	%	31,490		26.7	%
Total	$	118,243	100.0	%	$	117,967	100.0	%

	Six Months Ended June 30,
	2020				2019
Medicaid	$	108,491	45.5	%	$	107,623	45.7	%
Medicare	43,096		18.1	%	39,936		17.0	%
Managed Care	24,951		10.5	%	26,118		11.1	%
Private Pay and other	61,692		25.9	%	61,840		26.2	%
Total	$	238,230	100.0	%	$	235,517	100.0	%

Accounts receivable from continuing operations as of June 30, 2020 and December 31, 2019 are summarized in the following table:

	June 30,		December 31,
	2020		2019
Medicaid	$	18,722	$	21,998
Medicare	9,659		11,811
Managed Care	7,057		9,103
Private Pay and other	16,472		17,609
Total accounts receivable	$	51,910	$	60,521