Annual report pursuant to Section 13 and 15(d)

Revenue (Tables)

v3.20.4
Revenue (Tables)
 12 Months Ended
Dec. 31, 2020
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, 2020 and 2019:

 

    Year Ended December 31,  
    2020     2019  
Healthcare IT:   ($ in thousands)  
Revenue cycle management services   $ 65,335     $ 42,682  
SaaS solutions     18,684       297  
Professional services     2,559       1,764  
Ancillary services     3,977       3,234  
Group purchasing services     859       1,020  
Printing and mailing services     1,453       1,650  
Clearinghouse and EDI services     457       525  
Practice Management:                
Practice management services     11,798       13,267  
Total   $ 105,122     $ 64,439  
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)  
    ($ in thousands)  
Balance as of January 1, 2020   $ 6,995     $ 2,385     $ 20     $ 19  
CareCloud acquisition     2,299       538       -       269  
Meridian acquisition     3,558       881       907       -  
(Decrease) increase, net     (763 )     301       246       17  
Balance as of December 31, 2020   $ 12,089     $ 4,105     $ 1,173     $ 305  
                                 
Balance as of January 1, 2019   $ 7,331     $ 2,609     $ 25     $ 19  
Etransmedia acquisition     -       139       -       -  
Decrease, net     (336 )     (363 )     (5 )     -  
Balance as of December 31, 2019   $ 6,995     $ 2,385     $ 20     $ 19