Annual report pursuant to Section 13 and 15(d)

SEGMENT REPORTING (Tables)

v3.24.1
SEGMENT REPORTING (Tables)
 12 Months Ended
Dec. 31, 2023
Segment Reporting [Abstract]  
SCHEDULE OF REVENUES, OPERATING EXPENSES AND OPERATING INCOME (LOSS) BY REPORTABLE SEGMENT

 

    Healthcare IT     Medical Practice
Management		     Unallocated
Corporate
Expenses		     Total  
    Year Ended December 31, 2023
($ in thousands)		  
    Healthcare IT     Medical Practice
Management		     Unallocated
Corporate
Expenses		     Total  
Net revenue   $ 103,683     $ 13,376     $ -     $ 117,059  
Operating expenses:                                
Direct operating costs     60,319       10,498       -       70,817  
Selling and marketing     9,614       36       -       9,650  
General and administrative     10,992       1,854       8,618       21,464  
Research and development     4,736       -       -       4,736  
Depreciation and amortization     14,046       356       -       14,402  
Goodwill impairment charges     42,000       -       -       42,000  
Loss on lease terminations, unoccupied lease charges and restructuring costs     1,105       -       -       1,105  
Total operating expenses     142,812       12,744       8,618       164,174  
Operating (loss) income   $ (39,129 )   $ 632     $ (8,618 )   $ (47,115 )

 

    Healthcare IT     Medical Practice
Management		     Unallocated
Corporate
Expenses		     Total  
    Year Ended December 31, 2022
($ in thousands)		  
    Healthcare IT     Medical Practice
Management		     Unallocated
Corporate
Expenses		     Total  
Net revenue   $ 125,276     $ 13,550     $ -     $ 138,826  
Operating expenses:                                
Direct operating costs     73,702       10,732       -       84,434  
Selling and marketing     9,760       28       -       9,788  
General and administrative     12,558       1,802       9,460       23,820  
Research and development     4,401       -       -       4,401  
Change in contingent consideration     (3,090 )     -       -       (3,090 )
Depreciation and amortization     11,368       357       -       11,725  
Net loss on lease terminations and unoccupied lease charges     1,138       -       -       1,138  
Total operating expenses     109,837       12,919       9,460       132,216  
Operating income (loss)   $ 15,439     $ 631     $ (9,460 )   $ 6,610