v3.25.2
Concentration of Credit and Revenue Risk
 6 Months Ended
Jun. 30, 2025
Risks and Uncertainties [Abstract]  
Concentration of Credit and Revenue Risk Concentration of Credit and Revenue Risk
Our financial instruments that are potentially subject to concentrations of credit risk consist primarily of cash, cash equivalents, and accounts receivable. While our cash and cash equivalents are managed by reputable financial institutions, the Company’s cash balances with the individual institutions may at times exceed the federally insured limits. At June 30, 2025, substantially all of the Company’s cash and cash equivalents were held at two financial institutions.
The following table provides the Company’s revenue concentrations with respect to major payers as a percentage of the Company’s total revenues:
For the Three Months Ended June 30,For the Six Months Ended June 30,
(Dollars in Thousands)2025202420252024
Payer A
29 %27 %28 %26 %
Payer B
16 %16 %16 %16 %
Payer C
15 %17 %16 %17 %
The following table provides the Company’s concentrations of credit risk with respect to major payers comprising 10% or more of the Company’s receivables, net:
For the Six Months Ended June 30,
(Dollars in Thousands)20252024
Payer A
50 %53 %
Payer B
18 %17 %
Payer C
14 %10 %