v3.25.1
Total Revenue
 3 Months Ended
Mar. 31, 2025
Revenues [Abstract]  
Total Revenue

NOTE 3 TOTAL REVENUE

The Company’s total revenue is dependent on a series of contracts with third-party payors, which is typical for providers in the healthcare industry. The Company has determined that the nature, amount, timing and uncertainty of revenue and cash flows are affected by the payor mix with third-party payors, which have different reimbursement rates.

The payor mix of fee-for-service revenue from patients and third-party payors consists of the following:

 

 

Three Months Ended March 31,

 

 

 

2025

 

 

2024

 

 

 

Amount

 

 

% of Total Revenue

 

 

Amount

 

 

% of Total Revenue

 

Commercial

 

$

300,877

 

 

 

90

%

 

$

273,766

 

 

 

91

%

Government

 

 

17,069

 

 

 

5

%

 

 

13,532

 

 

 

5

%

Self-pay

 

 

12,316

 

 

 

4

%

 

 

10,321

 

 

 

3

%

Total patient service revenue

 

 

330,262

 

 

 

99

%

 

 

297,619

 

 

 

99

%

Nonpatient service revenue

 

 

2,708

 

 

 

1

%

 

 

2,818

 

 

 

1

%

Total

 

$

332,970

 

 

 

100

%

 

$

300,437

 

 

 

100

%

Among the commercial payors, the table below represents insurance companies that individually represented 10% or more of revenue:

 

 

Three Months Ended March 31,

 

 

 

2025

 

 

2024

 

Payor A

 

 

15

%

 

 

17

%

Payor B

 

 

15

%

 

 

15

%