| Schedule of Revenues, Operating Expenses and Operating Income (Loss) by Reportable Segment |
The following tables present revenues, operating
expenses and operating income (loss) by reportable segment for the years ended December 31, 2020 and 2019:
| |
|
Year Ended December 31, 2020 |
|
| |
|
($ in thousands) |
|
| |
|
Healthcare IT |
|
|
Practice Management |
|
|
Unallocated Corporate
Expenses
|
|
|
Total |
|
| Net revenue |
|
$ |
93,324 |
|
|
$ |
11,798 |
|
|
$ |
- |
|
|
$ |
105,122 |
|
| Operating expenses: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Direct operating costs |
|
|
55,653 |
|
|
|
9,168 |
|
|
|
- |
|
|
|
64,821 |
|
| Selling and marketing |
|
|
6,549 |
|
|
|
33 |
|
|
|
- |
|
|
|
6,582 |
|
| General and administrative |
|
|
14,578 |
|
|
|
1,978 |
|
|
|
6,255 |
|
|
|
22,811 |
|
| Research and development |
|
|
9,311 |
|
|
|
- |
|
|
|
- |
|
|
|
9,311 |
|
| Change in contingent consideration |
|
|
(1,000 |
) |
|
|
- |
|
|
|
- |
|
|
|
(1,000 |
) |
| Depreciation and amortization |
|
|
9,587 |
|
|
|
318 |
|
|
|
- |
|
|
|
9,905 |
|
| Impairment and unoccupied lease charges |
|
|
963 |
|
|
|
- |
|
|
|
- |
|
|
|
963 |
|
| Total operating expenses |
|
|
95,641 |
|
|
|
11,497 |
|
|
|
6,255 |
|
|
|
113,393 |
|
| Operating (loss) income |
|
$ |
(2,317 |
) |
|
$ |
301 |
|
|
$ |
(6,255 |
) |
|
$ |
(8,271 |
) |
| |
|
Year Ended December 31, 2019 |
|
| |
|
($ in thousands) |
|
| |
|
Healthcare IT |
|
|
Practice Management |
|
|
Unallocated Corporate
Expenses
|
|
|
Total |
|
| Net revenue |
|
$ |
51,172 |
|
|
$ |
13,267 |
|
|
$ |
- |
|
|
$ |
64,439 |
|
| Operating expenses: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Direct operating costs |
|
|
30,798 |
|
|
|
10,388 |
|
|
|
- |
|
|
|
41,186 |
|
| Selling and marketing |
|
|
1,487 |
|
|
|
35 |
|
|
|
- |
|
|
|
1,522 |
|
| General and administrative |
|
|
11,124 |
|
|
|
2,067 |
|
|
|
4,721 |
|
|
|
17,912 |
|
| Research and development |
|
|
871 |
|
|
|
- |
|
|
|
- |
|
|
|
871 |
|
| Change in contingent consideration |
|
|
(344 |
) |
|
|
- |
|
|
|
- |
|
|
|
(344 |
) |
| Depreciation and amortization |
|
|
2,689 |
|
|
|
317 |
|
|
|
- |
|
|
|
3,006 |
|
| Restructuring and impairment charges |
|
|
219 |
|
|
|
- |
|
|
|
- |
|
|
|
219 |
|
| Total operating expenses |
|
|
46,844 |
|
|
|
12,807 |
|
|
|
4,721 |
|
|
|
64,372 |
|
| Operating income (loss) |
|
$ |
4,328 |
|
|
$ |
460 |
|
|
$ |
(4,721 |
) |
|
$ |
67 |
|
|