Quarterly report pursuant to Section 13 or 15(d)

Revenue (Tables)

v3.10.0.1
Revenue (Tables)
9 Months Ended
Sep. 30, 2018
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Revenue

The following table represents a disaggregation of revenue for the three and nine months ended September 30:

 

    Three Months Ended
September 30,
    Nine Months Ended
September 30,
 
    2018     2017     2018     2017  
Revenue cycle management services   $ 11,695,675     $ 6,725,939     $ 26,954,715     $ 21,085,696  
Practice management services     3,314,422       -       3,314,422       -  
Professional services     532,763       52,418       717,031       162,682  
Ancillary services     530,285       203,573       1,092,376       724,780  
Group purchasing services     477,168       -       477,168       -  
Printing and mailing services     335,999       348,060       985,522       989,480  
Clearinghouse and EDI services     158,214       183,602       493,554       555,778  
Total   $ 17,044,526     $ 7,513,592     $ 34,034,788     $ 23,518,416  

Schedule of Accounts Receivable, Contract Asset and Deferred Revenue

The opening and closing balances of the Company’s accounts receivable, contract asset and deferred revenue are as follows:

 

    Accounts Receivable, Net     Contract Asset     Deferred Revenue (current)     Deferred Revenue (long term)  
Beginning balance as of January 1, 2018   $ 3,879,463     $ 1,342,692     $ 62,104     $ 28,615  
Orion acquisition     5,727,618       673,317       -       -  
(Decrease) increase, net     (1,163,224 )     464,470       (31,890 )     (8,983 )
Ending balance as of September 30, 2018   $ 8,443,857     $ 2,480,479     $ 30,214     $ 19,632