Quarterly report pursuant to Section 13 or 15(d)

REVENUE (Tables)

v3.23.3
REVENUE (Tables)
 9 Months Ended
Sep. 30, 2023
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, 2023 and 2022:

  

    2023     2022     2023     2022  
    Three Months Ended September 30,     Nine Months Ended September 30,  
    2023     2022     2023     2022  
    ($ in thousands)  
Healthcare IT:                                
Technology-enabled business solutions   $ 18,763     $ 21,626     $ 57,878     $ 68,457  
Professional services     5,691       7,434       17,755       25,572  
Printing and mailing services     749       594       2,149       1,515  
Group purchasing services     389       310       749       602  
Medical Practice Management:                                
Medical practice management services     3,688       3,759       10,112       10,146  
Total   $ 29,280     $ 33,723     $ 88,643     $ 106,292  
SCHEDULE OF ACCOUNTS RECEIVABLE, CONTRACT ASSET AND DEFERRED REVENUE

SCHEDULE OF ACCOUNTS RECEIVABLE, CONTRACT ASSET AND DEFERRED REVENUE 

   

Accounts

Receivable - Net

     Contract Asset     Deferred Revenue (current)     Deferred Revenue
(long term)		  
    ($ in thousands)  
Balance as of January 1, 2023   $ 14,773     $ 4,399     $ 1,386     $ 342  
(Decrease) increase, net     (2,463 )     549       141       80  
Balance as of September 30, 2023   $ 12,310     $ 4,948     $ 1,527     $ 422  
                                 
Balance as of January 1, 2022   $ 17,006     $ 4,725     $ 1,085     $ 341  
(Decrease) increase, net     (725 )     (318 )     332       49  
Balance as of September 30, 2022   $ 16,281     $ 4,407     $ 1,417     $ 390  
SCHEDULE OF TRADE ALLOWANCE FOR DOUBTFUL ACCOUNTS

Changes in the allowance for expected credit losses for trade accounts receivable are presented in the table below:

 

SCHEDULE OF TRADE ALLOWANCE FOR DOUBTFUL ACCOUNTS 

    Nine Months Ended     Year Ended  
    September 30, 2023     December 31, 2022  
    ($ in thousands)  
Beginning balance   $ 823     $ 537  
Adoption of ASC 326     186       -  
Provision     389       740  
Recoveries/adjustments     67       313  
Write-offs     (468 )     (767 )
Ending balance   $ 997     $ 823