Quarterly report pursuant to Section 13 or 15(d)

SEGMENT REPORTING (Tables)

v3.24.2.u1
SEGMENT REPORTING (Tables)
 6 Months Ended
Jun. 30, 2024
Segment Reporting [Abstract]  
SCHEDULE OF REVENUES, OPERATING EXPENSES AND OPERATING INCOME (LOSS) BY REPORTABLE SEGMENT

 

    Healthcare IT     Medical Practice Management     Unallocated Corporate Expenses     Total  
    Six Months Ended June 30, 2024  
    ($ in thousands)  
    Healthcare IT     Medical Practice Management     Unallocated Corporate Expenses     Total  
Net revenue   $ 47,301     $ 6,751     $ -     $ 54,052  
Operating expenses:                                
Direct operating costs     25,254       5,165       -       30,419  
Selling and marketing     3,417       17       -       3,434  
General and administrative     4,602       911       2,236       7,749  
Research and development     1,968       -       -       1,968  
Depreciation and amortization     7,478       166       -       7,644  
Loss on lease terminations, unoccupied lease charges and restructuring costs     438       -       -       438  
Total operating expenses     43,157       6,259       2,236       51,652  
Operating income (loss)   $ 4,144     $ 492     $ (2,236 )   $ 2,400  

 

 

    Healthcare IT     Medical Practice Management     Unallocated Corporate Expenses     Total  
    Three Months Ended June 30, 2024  
    ($ in thousands)  
    Healthcare IT     Medical Practice Management     Unallocated Corporate Expenses     Total  
Net revenue   $ 24,580     $ 3,510     $ -     $ 28,090  
Operating expenses:                                
Direct operating costs     12,710       2,532       -       15,242  
Selling and marketing     1,657       7       -       1,664  
General and administrative     2,021       477       1,530       4,028  
Research and development     1,055       -       -       1,055  
Depreciation and amortization     3,633       81       -       3,714  
Loss on lease terminations, unoccupied lease charges and restructuring costs     116       -       -       116  
Total operating expenses     21,192       3,097       1,530       25,819  
Operating income (loss)   $ 3,388     $ 413     $ (1,530 )   $ 2,271  

 

    Healthcare IT     Medical Practice Management     Unallocated Corporate Expenses     Total  
    Six Months Ended June 30, 2023  
    ($ in thousands)  
    Healthcare IT     Medical Practice Management     Unallocated Corporate Expenses     Total  
Net revenue   $ 52,939     $ 6,424     $ -     $ 59,363  
Operating expenses:                                
Direct operating costs     30,634       4,949       -       35,583  
Selling and marketing     5,174       18       -       5,192  
General and administrative     5,746       896       4,394       11,036  
Research and development     2,263       -       -       2,263  
Depreciation and amortization     6,200       179       -       6,379  
Net loss on lease terminations and unoccupied lease charges     422       -       -       422  
Total operating expenses     50,439       6,042       4,394       60,875  
Operating income (loss)   $ 2,500     $ 382     $ (4,394 )   $ (1,512 )

 

    Healthcare IT     Medical Practice Management     Unallocated Corporate Expenses     Total  
    Three Months Ended June 30, 2023  
    ($ in thousands)  
    Healthcare IT     Medical Practice Management     Unallocated Corporate Expenses     Total  
Net revenue   $ 25,985     $ 3,377     $ -     $ 29,362  
Operating expenses:                                
Direct operating costs     14,941       2,535       -       17,476  
Selling and marketing     2,570       10       -       2,580  
General and administrative     3,250       448       2,218       5,916  
Research and development     1,185       -       -       1,185  
Depreciation and amortization     3,251       90       -       3,341  
Net loss on lease terminations and unoccupied lease charges     153       -       -       153  
Total operating expenses     25,350       3,083       2,218       30,651  
Operating income (loss)   $ 635     $ 294     $ (2,218 )   $ (1,289 )