Quarterly report pursuant to Section 13 or 15(d)

SEGMENT REPORTING (Tables)

v3.21.2
SEGMENT REPORTING (Tables)
 9 Months Ended
Sep. 30, 2021
Segment Reporting [Abstract]  
SCHEDULE OF REVENUES, OPERATING EXPENSES AND OPERATING INCOME (LOSS) BY REPORTABLE SEGMENT

 

    Nine Months Ended September 30, 2021  
    ($ in thousands)  
    Healthcare IT     Medical Practice Management     Unallocated Corporate Expenses     Total  
Net revenue   $ 92,797     $ 9,340     $ -     $ 102,137  
Operating expenses:                                
Direct operating costs     55,473       7,246       -       62,719  
Selling and marketing     6,446       23       -       6,469  
General and administrative     10,175       1,487       6,152       17,814  
Research and development     4,328       -       -       4,328  
Change in contingent consideration     -   -       -       -
Depreciation and amortization     9,251       254       -       9,505  
Loss on lease termination, impairment and unoccupied lease charges     1,664       -       -       1,664  
Total operating expenses     87,337       9,010       6,152       102,499  
Operating income (loss)   $ 5,460     $ 330     $ (6,152 )   $ (362 )

 

    Three Months Ended September 30, 2021  
    ($ in thousands)  
    Healthcare IT     Medical Practice Management     Unallocated Corporate Expenses     Total  
Net revenue   $ 34,678     $ 3,626     $ -     $ 38,304  
Operating expenses:                                
Direct operating costs     21,324       2,800       -       24,124  
Selling and marketing     2,368       7       -       2,375  
General and administrative     3,336       471       2,114       5,921  
Research and development     488       -       -       488  
Depreciation and amortization     3,459       88       -       3,547  
Loss on lease termination, impairment and unoccupied lease charges     424       -       -       424  
Total operating expenses     31,399       3,366       2,114       36,879  
Operating income (loss)   $ 3,279     $ 260     $ (2,114 )   $ 1,425  

 

    Nine Months Ended September 30, 2020  
    ($ in thousands)  
    Healthcare IT     Medical Practice Management     Unallocated Corporate Expenses     Total  
Net revenue   $ 64,159     $ 8,926     $ -     $ 73,085  
Operating expenses:                                
Direct operating costs     39,074       6,768       -       45,842  
Selling and marketing     4,753       25       -       4,778  
General and administrative     11,067       1,493       4,616       17,176  
Research and development     6,846       -       -       6,846  
Change in contingent consideration     (500 )     -       -       (500 )
Depreciation and amortization     6,706       238       -       6,944  
Impairment charges     681       -       -       681  
Total operating expenses     68,627       8,524       4,616       81,767  
Operating (loss) income   $ (4,468 )   $ 402     $ (4,616 )   $ (8,682 )

 

    Three Months Ended September 30, 2020  
    ($ in thousands)  
    Healthcare IT     Medical Practice Management     Unallocated Corporate Expenses     Total  
Net revenue   $ 28,191     $ 3,448     $ -     $ 31,639  
Operating expenses:                                
Direct operating costs     17,147       2,571       -       19,718  
Selling and marketing     1,563       8       -       1,571  
General and administrative     4,173       468       1,550       6,191  
Research and development     2,367       -       -       2,367  
Change in contingent consideration     (500 )     -       -       (500 )
Depreciation and amortization     3,127       79       -       3,206  
Impairment charges     321       -       -       321  
Total operating expenses     28,198       3,126       1,550       32,874  
Operating (loss) income   $ (7 )   $ 322     $ (1,550 )   $ (1,235 )