Schedule of Disaggregation of Revenue |
Service revenue for the three and six months ended June 30, 2025 and 2024 is summarized in the following tables: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | 2025 | | 2024 | | Revenue | | % of Revenue | | Revenue | | % of Revenue | Medicaid(1) | $ | 485,848 | | | 39.8 | % | | $ | 411,760 | | | 40.0 | % | Medicare | 291,117 | | | 23.8 | | | 258,869 | | | 25.1 | | Medicaid — skilled | 75,207 | | | 6.2 | | | 62,969 | | | 6.1 | | Total Medicaid and Medicare | $ | 852,172 | | | 69.8 | % | | $ | 733,598 | | | 71.2 | % | Managed care | 229,495 | | | 18.8 | | | 191,022 | | | 18.5 | | Private and other(2) | 139,747 | | | 11.4 | | | 105,954 | | | 10.3 | | SERVICE REVENUE | $ | 1,221,414 | | | 100.0 | % | | $ | 1,030,574 | | | 100.0 | % | (1) Medicaid payor includes revenue for senior living operations. | | (2) Private and other in skilled services includes private, Veteran Affairs and hospice payors. In addition, private and other in the "all other" category includes revenue from senior living and ancillary operations. | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Six Months Ended June 30, | | 2025 | | 2024 | | | | Revenue | | % of Revenue | | Revenue | | % of Revenue | | | | | Medicaid(1) | $ | 939,688 | | | 39.3 | % | | $ | 801,923 | | | 39.4 | % | | | | | Medicare | 578,868 | | | 24.2 | | | 524,452 | | | 25.8 | | | | | | Medicaid — skilled | 144,758 | | | 6.1 | | | 126,278 | | | 6.2 | | | | | | Total Medicaid and Medicare | $ | 1,663,314 | | | 69.6 | % | | $ | 1,452,653 | | | 71.4 | % | | | | | Managed care | 456,712 | | | 19.1 | | | 379,126 | | | 18.6 | | | | | | Private and other(2) | 268,428 | | | 11.3 | | | 203,280 | | | 10.0 | | | | | | SERVICE REVENUE | $ | 2,388,454 | | | 100.0 | % | | $ | 2,035,059 | | | 100.0 | % | | | | | (1) Medicaid payor includes revenue for senior living operations. | | | | | (2) Private and other in skilled services includes private, Veteran Affairs and hospice payors. In addition, private and other in the "all other" category includes revenue from senior living and ancillary operations. | | | | | |
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Schedule of Accounts Receivable |
Accounts receivable as of June 30, 2025 and December 31, 2024, is summarized in the following table: | | | | | | | | | | | | | June 30, 2025 | | December 31, 2024 | | | | | | | Medicaid | $ | 237,393 | | | $ | 228,872 | | Managed care | 159,415 | | | 139,711 | | Medicare | 92,542 | | | 77,056 | | Private and other payors | 97,020 | | | 132,693 | | | $ | 586,370 | | | $ | 578,332 | | Less: allowance for doubtful accounts | (8,320) | | | (8,435) | | ACCOUNTS RECEIVABLE, NET | $ | 578,050 | | | $ | 569,897 | |
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