Annual report pursuant to Section 13 and 15(d)

Revenue (Tables)

v3.19.1
Revenue (Tables)
 12 Months Ended
Dec. 31, 2018
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Revenue

The following table represents a disaggregation of revenue for the years ended December 31, 2018 and 2017:

 

    Year Ended December 31,  
      2018       2017  
Healthcare IT:                
Revenue cycle management services   $ 38,559,180     $ 28,410,557  
Professional services     1,244,894       281,572  
Ancillary services     1,594,364       1,002,296  
Group purchasing services     654,805       -  
Printing and mailing services     1,344,011       1,372,239  
Clearinghouse and EDI services     647,446       743,971  
Practice Management:                
Practice management services     6,501,081       -  
Total   $ 50,545,781     $ 31,810,635  

Schedule of Accounts Receivable, Contract Asset and Deferred Revenue

The opening and closing balances of the Company’s accounts receivable, contract asset and deferred revenue are as follows:

 

    Accounts Receivable, Net    

Contract

Asset

     Deferred Revenue (current)    

Deferred Revenue

(long term)

  
Beginning balance as of January 1, 2018   $ 3,879,463     $ 1,342,692     $ 62,104     $ 28,615  
Orion acquisition     5,654,919       861,341       -       -  
(Decrease) increase, net     (2,202,908 )     404,598       (36,749 )     (9,666 )
Ending balance as of December 31, 2018   $ 7,331,474     $ 2,608,631     $ 25,355     $ 18,949