Revenue Recognition and Receivables

12 Months Ended

Dec. 31, 2020

Revenue from Contract with Customer [Abstract]

Revenue Recognition and Receivables

REVENUE RECOGNITION AND RECEIVABLES

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 on a daily basis.

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, within each respective group listed below, 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 $16,142 and $823 of Medicaid and Hospice stimulus dollars, respectively, for the twelve months ended December 31, 2020 that are reflected as patient revenues in the Company's results of operations and in the table below. Refer to Note 2, "COVID-19 Pandemic" for more information. The following table set forth net patient revenues related to our continuing operations by payor source for the periods presented (dollar amounts in thousands):

	Twelve Months Ended December 31,
	2020				2019
Medicaid	$	217,147	45.6	%	$	222,560	46.9	%
Medicare	94,375		19.8	%	80,798		17.0	%
Managed Care	49,708		10.4	%	50,323		10.6	%
Private Pay and other	114,488		24.2	%	121,339		25.5	%
Total	$	475,718	100.0	%	$	475,020	100.0	%

Accounts receivable as of December 31, 2020 and 2019 is summarized in the following table:

	December 31,
	2020		2019
Medicaid	$	17,354	$	21,998
Medicare	14,273		11,811
Managed Care	8,021		9,103
Private Pay and other	14,043		17,609
Total accounts receivable	$	53,691	$	60,521