| SCHEDULE OF REVENUES, OPERATING EXPENSES AND OPERATING INCOME (LOSS) BY REPORTABLE SEGMENT |
SCHEDULE OF REVENUES, OPERATING EXPENSES AND OPERATING INCOME (LOSS) BY REPORTABLE SEGMENT
| |
|
Year
Ended December 31, 2021 |
|
| |
|
($
in thousands) |
|
| |
|
Healthcare
IT |
|
|
Medical
Practice Management
|
|
|
Unallocated
Corporate
Expenses
|
|
|
Total |
|
| Net
revenue |
|
$ |
127,080 |
|
|
$ |
12,519 |
|
|
$ |
- |
|
|
$ |
139,599 |
|
| Operating
expenses: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Direct
operating costs |
|
|
76,981 |
|
|
|
9,937 |
|
|
|
- |
|
|
|
86,918 |
|
| Selling
and marketing |
|
|
8,755 |
|
|
|
31 |
|
|
|
- |
|
|
|
8,786 |
|
| General
and administrative |
|
|
13,910 |
|
|
|
2,080 |
|
|
|
8,283 |
|
|
|
24,273 |
|
| Research
and development |
|
|
4,408 |
|
|
|
- |
|
|
|
- |
|
|
|
4,408 |
|
| Change
in contingent consideration |
|
|
(2,515 |
) |
|
|
- |
|
|
|
- |
|
|
|
(2,515 |
) |
| Depreciation
and amortization |
|
|
11,854 |
|
|
|
341 |
|
|
|
- |
|
|
|
12,195 |
|
| Loss
on lease termination, impairment and unoccupied lease charges |
|
|
2,005 |
|
|
|
- |
|
|
|
- |
|
|
|
2,005 |
|
| Total
operating expenses |
|
|
115,398 |
|
|
|
12,389 |
|
|
|
8,283 |
|
|
|
136,070 |
|
| Operating
income (loss) |
|
$ |
11,682 |
|
|
$ |
130 |
|
|
$ |
(8,283 |
) |
|
$ |
3,529 |
|
| |
|
Year
Ended December 31, 2020 |
|
| |
|
($
in thousands) |
|
| |
|
Healthcare
IT |
|
|
Medical
Practice Management
|
|
|
Unallocated
Corporate
Expenses
|
|
|
Total |
|
| Net
revenue |
|
$ |
93,324 |
|
|
$ |
11,798 |
|
|
$ |
- |
|
|
$ |
105,122 |
|
| Operating
expenses: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Direct
operating costs |
|
|
55,653 |
|
|
|
9,168 |
|
|
|
- |
|
|
|
64,821 |
|
| Selling
and marketing |
|
|
6,549 |
|
|
|
33 |
|
|
|
- |
|
|
|
6,582 |
|
| General
and administrative |
|
|
14,578 |
|
|
|
1,978 |
|
|
|
6,255 |
|
|
|
22,811 |
|
| Research
and development |
|
|
9,311 |
|
|
|
- |
|
|
|
- |
|
|
|
9,311 |
|
| Change
in contingent consideration |
|
|
(1,000 |
) |
|
|
- |
|
|
|
- |
|
|
|
(1,000 |
) |
| Depreciation
and amortization |
|
|
9,587 |
|
|
|
318 |
|
|
|
- |
|
|
|
9,905 |
|
| Impairment
and unoccupied lease charges |
|
|
963 |
|
|
|
- |
|
|
|
- |
|
|
|
963 |
|
| Total
operating expenses |
|
|
95,641 |
|
|
|
11,497 |
|
|
|
6,255 |
|
|
|
113,393 |
|
| Operating
(loss) income |
|
$ |
(2,317 |
) |
|
$ |
301 |
|
|
$ |
(6,255 |
) |
|
$ |
(8,271 |
) |
|