Quarterly report pursuant to Section 13 or 15(d)

SEGMENT REPORTING (Tables)

v3.22.2
SEGMENT REPORTING (Tables)
 6 Months Ended
Jun. 30, 2022
Segment Reporting [Abstract]  
SCHEDULE OF REVENUES, OPERATING EXPENSES AND OPERATING INCOME (LOSS) BY REPORTABLE SEGMENT

                         
    Six Months Ended June 30, 2022  
    ($ in thousands)  
    Healthcare IT    

Medical Practice Management

    

Unallocated Corporate

Expenses

     Total  
Net revenue   $ 66,182     $ 6,387     $ -     $ 72,569  
Operating expenses:                                
Direct operating costs     39,296       5,164       -       44,460  
Selling and marketing     4,797       13       -       4,810  
General and administrative     6,982       857       4,140       11,979  
Research and development     2,083       -       -       2,083  
Change in contingent consideration     (1,230 )     -       -       (1,230 )
Depreciation and amortization     5,699       177       -       5,876  
Net loss on lease termination, impairment and unoccupied lease charges     621       -       -       621  
Total operating expenses     58,248       6,211       4,140       68,599  
Operating income (loss)   $ 7,934     $ 176     $ (4,140 )   $ 3,970  

 

 

                         
    Three Months Ended June 30, 2022  
    ($ in thousands)  
    Healthcare IT    

Medical Practice Management

    

Unallocated Corporate

Expenses

     Total  
Net revenue   $ 34,029     $ 3,199     $ -     $ 37,228  
Operating expenses:                                
Direct operating costs     19,285       2,502       -       21,787  
Selling and marketing     2,421       5       -       2,426  
General and administrative     3,582       420       2,392       6,394  
Research and development     1,098       -       -       1,098  
Change in contingent consideration     (630 )     -       -       (630 )
Depreciation and amortization     2,847       89       -       2,936  
Net loss on lease termination, impairment and unoccupied lease charges     463       -       -       463  
Total operating expenses     29,066       3,016       2,392       34,474  
Operating income (loss)   $ 4,963     $ 183     $ (2,392 )   $ 2,754  

 

                         
    Six Months Ended June 30, 2021  
    ($ in thousands)  
    Healthcare IT    

Medical Practice
Management

     Unallocated Corporate
Expenses		     Total  
Net revenue   $ 58,119     $ 5,715     $ -     $ 63,834  
Operating expenses:                                
Direct operating costs     34,149       4,446       -       38,595  
Selling and marketing     4,079       15       -       4,094  
General and administrative     6,839       1,016       4,038       11,893  
Research and development     3,839       -       -       3,839  
Depreciation and amortization     5,792       167       -       5,959  
Net loss on lease termination, impairment and unoccupied lease charges     1,241       -       -       1,241  
Total operating expenses     55,939       5,644       4,038       65,621  
Operating income (loss)   $ 2,180     $ 71     $ (4,038 )   $ (1,787 )

 

                         
    Three Months Ended June 30, 2021  
    ($ in thousands)  
    Healthcare IT    

Medical Practice

Management

    

Unallocated Corporate

Expenses

     Total  
Net revenue   $ 31,085     $ 2,980     $ -     $ 34,065  
Operating expenses:                                
Direct operating costs     18,161       2,373       -       20,534  
Selling and marketing     2,197       7       -       2,204  
General and administrative     3,411       497       2,361       6,269  
Research and development     1,813       -       -       1,813  
Depreciation and amortization     3,043       85       -       3,128  
Net loss on lease termination, impairment and unoccupied lease charges     223       -       -       223  
Total operating expenses     28,848       2,962       2,361       34,171  
Operating income (loss)   $ 2,237     $ 18     $ (2,361 )   $ (106 )