RESTRUCTURING COSTS |
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| Restructuring and Related Activities [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RESTRUCTURING COSTS | 14. RESTRUCTURING COSTS
During October 2023, the Company committed to effectively align resources with business priorities and improve profitability through a reduction in the workforce for the Healthcare IT segment. The Company identified opportunities for improvements in its workforce realignment, strategy and staffing, and increased its focus on performance management, to ensure it has the right skillsets and number of employees to execute its long-term vision. In addition, the Company instituted certain other expense reductions.
A majority of the impacted employees exited in the fourth quarter of 2023. The Company incurred expenses of approximately $1.4 million related to the reduction in workforce of which approximately $154,000 and $606,000 were incurred in 2025 and 2024, respectively. These restructuring expenses consisted of one-time termination benefits, including but not limited to, severance payments and healthcare benefits.
The following table summarizes restructuring costs for 2025 and 2024:
The expense associated with the restructuring is included in restructuring costs in the consolidated statement of operations for the years ended December 31, 2025 and 2024. The liabilities associated with restructuring costs are included in accrued expenses in the consolidated balance sheet. The following table summarizes activity related to liabilities associated with restructuring costs:
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