REVENUE RECOGNITION AND ACCOUNTS RECEIVABLE

9 Months Ended

Sep. 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 $4,516 and $522 of Medicaid and Hospice stimulus dollars, respectively, for the three month period ended September 30, 2021, compared to $6,327 and $318 of Medicaid and Hospice stimulus dollars, respectively, for the three month period ended September 30, 2020. The Company recognized $13,775 and $1,134 of Medicaid and Hospice stimulus dollars, respectively, for the nine month period ended September 30, 2021, compared to $11,709 and $1,089 of Medicaid and Hospice stimulus dollars, respectively, for the nine month period ended September 30, 2020. 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 September 30,
	2021				2020
Medicaid	$	55,554	48.0	%	$	55,844	47.3	%
Medicare	19,682		17.0	%	24,374		20.7	%
Managed Care	13,033		11.3	%	11,967		10.1	%
Private Pay and other	27,467		23.7	%	25,780		21.9	%
Total	$	115,736	100.0	%	$	117,965	100.0	%

	Nine Months Ended September 30,
	2021				2020
Medicaid	$	157,274	46.2	%	$	164,335	46.1	%
Medicare	62,870		18.5	%	67,470		18.9	%
Managed Care	38,804		11.4	%	36,918		10.4	%
Private Pay and other	81,418		23.9	%	87,472		24.6	%
Total	$	340,366	100.0	%	$	356,195	100.0	%

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

	September 30,		December 31,
	2021		2020
Medicaid	$	19,697	$	17,354
Medicare	8,192		14,273
Managed Care	9,028		8,021
Private Pay and other	14,314		14,043
Total accounts receivable	$	51,231	$	53,691