Quarterly report pursuant to Section 13 or 15(d)

REVENUE

v3.23.1
REVENUE
3 Months Ended
Mar. 31, 2023
REVENUE  
REVENUE

3. REVENUE

The Company disaggregates revenue from contracts with customers by revenue stream as this depicts the nature, amount, timing and uncertainty of its revenue and cash flows as affected by economic factors. Commercial insurance consists of all Neuromonitoring cases whereby a patient has healthcare insurance. Facility billing consists of services related to uninsured or government patients whereby the Company has an agreement with the facility for services for the patient and other contracted agreements with facilities.  

The Company’s revenue disaggregated by payor is as follows (in thousands):

Three Months Ended March 31, 

2023

    

2022

  

 

  

Commercial insurance

$

1,796

$

2,824

Facility billing

1,312

1,045

Managed service agreements and other

444

832

Total

$

3,552

$

4,701

Accounts Receivable

A summary of the accounts receivable, net, by revenue stream is as follows (in thousands):

March 31, 

December 31,

    

2023

    

2022

Technical service

$

2,614

 

$

3,072

Professional service

10,067

11,829

Other

 

206

 

242

Total accounts receivable, net

$

12,887

$

15,143

The concentration of accounts receivable, net, by payor as a percentage of total accounts receivable is as follows:

As of March 31,

As of December 31,

2023

    

2022

 

  

Commercial insurance

88

%

84

%

Facility billing

8

%

9

%

Other

4

%

7

%

Total

 

100

%

100

%