REVENUE RECOGNITION AND ACCOUNTS RECEIVABLE

9 Months Ended

Sep. 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 $6,645 and $11,709 of Medicaid and Hospice stimulus dollars for the three and nine month periods ended September 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 September 30,
	2020				2019
Medicaid	$	55,844	47.3	%	$	57,191	48.2	%
Medicare	24,374		20.7	%	19,274		16.2	%
Managed Care	11,967		10.1	%	11,794		9.9	%
Private Pay and other	25,780		21.9	%	30,371		25.7	%
Total	$	117,965	100.0	%	$	118,630	100.0	%

	Nine Months Ended September 30,
	2020				2019
Medicaid	$	164,335	46.1	%	$	164,815	46.5	%
Medicare	67,470		18.9	%	59,211		16.7	%
Managed Care	36,918		10.4	%	37,911		10.7	%
Private Pay and other	87,472		24.6	%	92,208		26.1	%
Total	$	356,195	100.0	%	$	354,145	100.0	%

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

	September 30,		December 31,
	2020		2019
Medicaid	$	19,218	$	21,998
Medicare	9,962		11,811
Managed Care	6,615		9,103
Private Pay and other	14,798		17,609
Total accounts receivable	$	50,593	$	60,521