Significant Accounting Policies (Tables)
|
9 Months Ended |
Sep. 30, 2022 |
|---|
| Significant Accounting Policies |
|
| Summary of total cash balances |
|
|
|
|
|
|
|
|
|
Successor |
|
|
September 30, 2022 |
|
December 31, 2021 |
Unrestricted |
|
$ |
34,357,237 |
|
$ |
140,477,586 |
Restricted |
|
|
1,003,307 |
|
|
356,286 |
Total Cash Balances |
|
$ |
35,360,544 |
|
$ |
140,833,872 |
|
|
|
|
|
|
Predecessor |
|
|
September 30, 2021 |
Unrestricted |
|
$ |
4,336,565 |
Restricted |
|
|
346,299 |
Total Cash Balances |
|
$ |
4,682,864 |
|
| Summary of sources (by product type) from which the Company's revenues are derived |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Successor |
|
|
Predecessor |
|
|
|
|
|
|
|
|
Three Months Ended |
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|
|
|
Three Months Ended |
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|
|
|
September 30, 2021 |
|
|
|
Revenue Type |
|
September 30, 2022 |
|
% of Total |
|
|
(As Restated) |
|
% of Total |
|
Capitated Revenue |
|
$ |
243,988,004 |
|
98.3 |
% |
|
$ |
153,072,995 |
|
98.0 |
% |
Other Patient Service Revenue: |
|
|
|
|
|
|
|
|
|
|
|
|
Clinical Fees & Insurance Revenue |
|
|
1,956,604 |
|
0.8 |
% |
|
|
1,278,339 |
|
0.8 |
% |
Shared Risk Revenue |
|
|
— |
|
0.0 |
% |
|
|
139,331 |
|
0.1 |
% |
Care Coordination / Management Fees |
|
|
1,729,800 |
|
0.7 |
% |
|
|
1,146,355 |
|
0.7 |
% |
Incentive Fees |
|
|
585,665 |
|
0.2 |
% |
|
|
548,935 |
|
0.4 |
% |
Total Other Patient Service Revenue |
|
|
4,272,069 |
|
1.7 |
% |
|
|
3,112,960 |
|
2.0 |
% |
Total Revenue |
|
$ |
248,260,073 |
|
100.0 |
% |
|
$ |
156,185,955 |
|
100.0 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Successor |
|
|
Predecessor |
|
|
|
|
|
|
|
|
Nine Months Ended |
|
|
|
|
|
Nine Months Ended |
|
|
|
|
September 30, 2021 |
|
|
|
Revenue Type |
|
September 30, 2022 |
|
% of Total |
|
|
(As Restated) |
|
% of Total |
|
Capitated Revenue |
|
$ |
780,775,285 |
|
98.7 |
% |
|
$ |
443,598,050 |
|
98.1 |
% |
Other Patient Service Revenue: |
|
|
|
|
|
|
|
|
|
|
|
|
Clinical Fees & Insurance Revenue |
|
|
4,103,481 |
|
0.5 |
% |
|
|
3,386,966 |
|
0.7 |
% |
Shared Risk Revenue |
|
|
55,154 |
|
0.0 |
% |
|
|
341,342 |
|
0.1 |
% |
Care Coordination / Management Fees |
|
|
4,412,973 |
|
0.6 |
% |
|
|
2,994,755 |
|
0.7 |
% |
Incentive Fees |
|
|
1,911,485 |
|
0.2 |
% |
|
|
1,749,225 |
|
0.4 |
% |
Total Other Patient Service Revenue |
|
|
10,483,093 |
|
1.3 |
% |
|
|
8,472,288 |
|
1.9 |
% |
Total Revenue |
|
$ |
791,258,378 |
|
100.0 |
% |
|
$ |
452,070,338 |
|
100.0 |
% |
|
| Summary of health plans from which the Company has a concentration of revenue that is 10.0%, or more |
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|
Successor |
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|
Predecessor |
|
|
|
|
|
|
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|
Three Months Ended |
|
|
|
|
|
Three Months Ended |
|
|
|
|
September 30, 2021 |
|
|
|
Plan Name |
|
September 30, 2022 |
|
% of Total |
|
|
(As Restated) |
|
% of Total |
|
Health Plan C |
|
$ |
48,538,454 |
|
19.5 |
% |
|
$ |
29,563,741 |
|
18.9 |
% |
Health Plan B |
|
|
46,082,052 |
|
18.5 |
% |
|
|
38,227,530 |
|
24.5 |
% |
Health Plan A |
|
|
35,936,246 |
|
14.5 |
% |
|
|
36,417,184 |
|
23.3 |
% |
Health Plan D |
|
|
31,563,532 |
|
12.8 |
% |
|
|
18,913,641 |
|
12.1 |
% |
All Other |
|
|
86,139,789 |
|
34.7 |
% |
|
|
33,063,859 |
|
21.2 |
% |
Total Revenue |
|
$ |
248,260,073 |
|
100.0 |
% |
|
$ |
156,185,955 |
|
100.0 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Successor |
|
|
Predecessor |
|
|
|
|
|
|
|
|
Nine Months Ended |
|
|
|
|
|
Nine Months Ended |
|
|
|
|
September 30, 2021 |
|
|
|
Plan Name |
|
September 30, 2022 |
|
% of Total |
|
|
(As Restated) |
|
% of Total |
|
Health Plan C |
|
$ |
158,252,527 |
|
20.0 |
% |
|
$ |
84,489,621 |
|
18.7 |
% |
Health Plan B |
|
|
139,920,223 |
|
17.7 |
% |
|
|
105,261,569 |
|
23.3 |
% |
Health Plan A |
|
|
124,681,687 |
|
15.8 |
% |
|
|
114,230,860 |
|
25.3 |
% |
Health Plan D |
|
|
104,439,689 |
|
13.2 |
% |
|
|
56,606,725 |
|
12.5 |
% |
All Other |
|
|
263,964,252 |
|
33.3 |
% |
|
|
91,481,563 |
|
20.2 |
% |
Total Revenue |
|
$ |
791,258,378 |
|
100.0 |
% |
|
$ |
452,070,338 |
|
100.0 |
% |
|
| Summary of settlement receivables (health plan surpluses) and settlement payables (health plan deficits), by health plan, by year |
|
|
|
|
|
|
|
|
|
Health Plan Receivables |
|
|
Successor |
|
|
September 30, 2022 |
|
December 31, 2021 |
Health Plan A |
|
$ |
524,540 |
|
$ |
4,695,712 |
Health Plan B |
|
|
24,387,307 |
|
|
15,473,828 |
Health Plan C |
|
|
28,798,095 |
|
|
1,380,752 |
Health Plan D |
|
|
15,136,034 |
|
|
6,651,586 |
Health Plan E |
|
|
184,332 |
|
|
2,439,046 |
Health Plan F |
|
|
1,467,834 |
|
|
2,925,751 |
Health Plan G |
|
|
35,179 |
|
|
239,375 |
Health Plan H |
|
|
3,570,820 |
|
|
2,185,619 |
Health Plan I |
|
|
1,586,752 |
|
|
1,134,750 |
Health Plan J |
|
|
(102,380) |
|
|
149,915 |
Health Plan K |
|
|
— |
|
|
2,705,147 |
Health Plan L |
|
|
— |
|
|
899,560 |
Health Plan M |
|
|
1,388,190 |
|
|
1,747,116 |
Health Plan N |
|
|
598,056 |
|
|
974,092 |
Health Plan O |
|
|
2,279,489 |
|
|
666,291 |
Health Plan P |
|
|
511,469 |
|
|
106,162 |
Health Plan Q |
|
|
476,057 |
|
|
61,990 |
Health Plan R |
|
|
— |
|
|
3,578,682 |
Health Plan S |
|
|
600,639 |
|
|
— |
Health Plan T |
|
|
57,607 |
|
|
2,175,324 |
Health Plan U |
|
|
— |
|
|
60,306 |
Health Plan W |
|
|
(2,317) |
|
|
— |
Total Health Plan Receivables |
|
$ |
81,497,703 |
|
$ |
50,251,004 |
|
|
|
|
|
|
|
|
|
Health Plan Settlement Payables |
|
|
Successor |
|
|
September 30, 2022 |
|
December 31, 2021 |
Health Plan A |
|
$ |
2,579,575 |
|
$ |
— |
Health Plan B |
|
|
11,700,274 |
|
|
11,700,274 |
Health Plan D |
|
|
— |
|
|
3,882,250 |
Health Plan F |
|
|
5,103,534 |
|
|
6,085,425 |
Health Plan G |
|
|
900,314 |
|
|
776,164 |
Health Plan I |
|
|
(10,915) |
|
|
(215,626) |
Health Plan O |
|
|
39,365 |
|
|
(39,151) |
Health Plan U |
|
|
226,209 |
|
|
226,209 |
Health Plan V |
|
|
88,480 |
|
|
133,149 |
Total Health Plan Settlement Payables |
|
$ |
20,626,836 |
|
$ |
22,548,694 |
|