Quarterly report pursuant to Section 13 or 15(d)

SEGMENT REPORTING (Tables)

v3.22.2.2
SEGMENT REPORTING (Tables)
 9 Months Ended
Sep. 30, 2022
Segment Reporting [Abstract]  
SCHEDULE OF REVENUES, OPERATING EXPENSES AND OPERATING INCOME (LOSS) BY REPORTABLE SEGMENT

                                 
    Nine Months Ended September 30, 2022  
    ($ in thousands)  
    Healthcare IT     Medical Practice Management     Unallocated Corporate Expenses     Total  
Net revenue   $ 96,146     $ 10,146     $ -     $ 106,292  
Operating expenses:                                
Direct operating costs     56,878       7,988       -       64,866  
Selling and marketing     7,293       21       -       7,314  
General and administrative     10,213       1,312       6,954       18,479  
Research and development     3,251       -       -       3,251  
Change in contingent consideration     (2,890 )     -       -       (2,890 )
Depreciation and amortization     8,420       266       -       8,686  
Net loss on lease termination and unoccupied lease charges     928       -       -       928  
Total operating expenses     84,093       9,587       6,954       100,634  
Operating income (loss)   $ 12,053     $ 559     $ (6,954 )   $ 5,658  

 

                                 
    Three Months Ended September 30, 2022  
    ($ in thousands)  
    Healthcare IT     Medical Practice Management     Unallocated Corporate Expenses     Total  
Net revenue   $ 29,964     $ 3,759     $ -     $ 33,723  
Operating expenses:                                
Direct operating costs     17,582       2,824       -       20,406  
Selling and marketing     2,496       8       -       2,504  
General and administrative     3,231       455       2,814       6,500  
Research and development     1,168       -       -       1,168  
Change in contingent consideration     (1,660 )     -       -       (1,660 )
Depreciation and amortization     2,721       89       -       2,810  
Loss on lease termination and unoccupied lease charges     307       -       -       307  
Total operating expenses     25,845       3,376       2,814       32,035  
Operating income (loss)   $ 4,119     $ 383     $ (2,814 )   $ 1,688  

 

                                 
    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  
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 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