| SCHEDULE OF DISAGGREGATION OF REVENUE |
The
following table represents a disaggregation of revenue for the three and nine months ended September 30, 2024 and 2023:
SCHEDULE OF DISAGGREGATION OF REVENUE
| |
|
2024 |
|
|
2023 |
|
|
2024 |
|
|
2023 |
|
| |
|
Three Months Ended September 30, |
|
|
Nine Months Ended September 30, |
|
| |
|
2024 |
|
|
2023 |
|
|
2024 |
|
|
2023 |
|
| |
|
($ in thousands) |
|
| Healthcare IT: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Technology-enabled business solutions |
|
$ |
17,871 |
|
|
$ |
18,763 |
|
|
$ |
54,188 |
|
|
$ |
57,878 |
|
| Professional services |
|
|
4,854 |
|
|
|
5,691 |
|
|
|
13,767 |
|
|
|
17,755 |
|
| Printing and mailing services |
|
|
969 |
|
|
|
749 |
|
|
|
2,639 |
|
|
|
2,149 |
|
| Group purchasing services |
|
|
608 |
|
|
|
389 |
|
|
|
1,009 |
|
|
|
749 |
|
| Medical Practice Management: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Medical practice management services |
|
|
4,244 |
|
|
|
3,688 |
|
|
|
10,995 |
|
|
|
10,112 |
|
| Total |
|
$ |
28,546 |
|
|
$ |
29,280 |
|
|
$ |
82,598 |
|
|
$ |
88,643 |
|
| Revenue |
|
$ |
28,546 |
|
|
$ |
29,280 |
|
|
$ |
82,598 |
|
|
$ |
88,643 |
|
|
| SCHEDULE OF CHANGES IN ACCOUNTS RECEIVABLE, CONTRACT ASSET AND DEFERRED REVENUE |
SCHEDULE OF CHANGES IN 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, 2024 |
|
$ |
11,888 |
|
|
$ |
5,094 |
|
|
$ |
1,380 |
|
|
$ |
256 |
|
| Increase (decrease), net |
|
|
104 |
|
|
|
(477 |
) |
|
|
(68 |
) |
|
|
71 |
|
| Balance as of September 30, 2024 |
|
$ |
11,992 |
|
|
$ |
4,617 |
|
|
$ |
1,312 |
|
|
$ |
327 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 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 |
|
|
| 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, 2024 |
|
|
December 31, 2023 |
|
| |
|
($ in thousands) |
|
| Beginning balance |
|
$ |
879 |
|
|
$ |
823 |
|
| Adoption of ASC 326 |
|
|
- |
|
|
|
186 |
|
| Provision |
|
|
284 |
|
|
|
454 |
|
| Recoveries/adjustments |
|
|
2 |
|
|
|
107 |
|
| Write-offs |
|
|
(205 |
) |
|
|
(691 |
) |
| Ending balance |
|
$ |
960 |
|
|
$ |
879 |
|
|