REVENUE RECOGNITION AND ACCOUNTS RECEIVABLE

6 Months Ended

Jun. 30, 2021

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 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 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 $5,502 and $313 of Medicaid and Hospice stimulus dollars, respectively, for the three month period ended June 30, 2021. The Company recognized $9,259 and $612 of Medicaid and Hospice stimulus dollars, respectively, for the six month period ended June 30, 2021. The Medicaid and Hospice stimulus dollars are reflected as patient revenues in the Company's results of operations and in the table below. 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,
	2021				2020
Medicaid	$	51,765	46.5	%	$	54,161	45.8	%
Medicare	18,730		16.8	%	22,424		19.0	%
Managed Care	12,095		10.9	%	12,355		10.4	%
Private Pay and other	28,680		25.8	%	29,303		24.8	%
Total	$	111,270	100.0	%	$	118,243	100.0	%

	Six Months Ended June 30,
	2021				2020
Medicaid	$	101,720	45.3	%	$	108,491	45.5	%
Medicare	43,188		19.2	%	43,096		18.1	%
Managed Care	25,771		11.5	%	24,951		10.5	%
Private Pay and other	53,951		24.0	%	61,692		25.9	%
Total	$	224,630	100.0	%	$	238,230	100.0	%

Accounts receivable from continuing operations as of June 30, 2021 and December 31, 2020 are summarized in the following table:

	June 30,		December 31,
	2021		2020
Medicaid	$	18,348	$	17,354
Medicare	8,474		14,273
Managed Care	7,725		8,021
Private Pay and other	16,399		14,043
Total accounts receivable	$	50,946	$	53,691