| Schedule of Disaggregation of Revenue |
The following table
represents a disaggregation of revenue for the three and nine months ended September 30:
| |
|
Three Months Ended September 30, |
|
|
Nine Months Ended
September 30,
|
|
| |
|
2019 |
|
|
2018 |
|
|
2019 |
|
|
2018 |
|
| Healthcare IT: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Revenue cycle management services |
|
$ |
10,808,438 |
|
|
$ |
11,695,675 |
|
|
$ |
32,798,563 |
|
|
$ |
26,954,715 |
|
| Professional services |
|
|
376,189 |
|
|
|
532,763 |
|
|
|
1,094,960 |
|
|
|
717,031 |
|
| Ancillary services |
|
|
873,841 |
|
|
|
530,285 |
|
|
|
2,303,118 |
|
|
|
1,092,376 |
|
| Group purchasing services |
|
|
295,850 |
|
|
|
477,168 |
|
|
|
700,963 |
|
|
|
477,168 |
|
| Printing and mailing services |
|
|
436,735 |
|
|
|
335,999 |
|
|
|
1,186,834 |
|
|
|
985,522 |
|
| Clearinghouse and EDI services |
|
|
146,989 |
|
|
|
158,214 |
|
|
|
433,923 |
|
|
|
493,554 |
|
| Practice Management: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Practice management services |
|
|
3,913,286 |
|
|
|
3,314,422 |
|
|
|
10,162,677 |
|
|
|
3,314,422 |
|
| Total |
|
$ |
16,851,328 |
|
|
$ |
17,044,526 |
|
|
$ |
48,681,038 |
|
|
$ |
34,034,788 |
|
|
| 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 for the nine months ended September 30, 2019 and 2018:
| |
|
Accounts Receivable, Net |
|
|
Contract Asset |
|
|
Deferred Revenue (current) |
|
|
Deferred Revenue (long term) |
|
| Balance as of January 1, 2019 |
|
$ |
7,331,474 |
|
|
$ |
2,608,631 |
|
|
$ |
25,355 |
|
|
$ |
18,949 |
|
| ETM acquisition |
|
|
- |
|
|
|
139,169 |
|
|
|
- |
|
|
|
- |
|
| Increase (decrease), net |
|
|
568,604 |
|
|
|
(51,607 |
) |
|
|
(8,916 |
) |
|
|
(2,641 |
) |
| Balance as of September 30, 2019 |
|
$ |
7,900,078 |
|
|
$ |
2,696,193 |
|
|
$ |
16,439 |
|
|
$ |
16,308 |
|
| Balance as of January 1, 2018 |
|
$ |
3,879,463 |
|
|
$ |
1,342,692 |
|
|
$ |
62,104 |
|
|
$ |
28,615 |
|
| Orion acquisition |
|
|
5,727,618 |
|
|
|
673,317 |
|
|
|
- |
|
|
|
- |
|
| (Decrease) increase, net |
|
|
(1,163,224 |
) |
|
|
464,470 |
|
|
|
(31,890 |
) |
|
|
(8,983 |
) |
| Balance as of September 30, 2018 |
|
$ |
8,443,857 |
|
|
$ |
2,480,479 |
|
|
$ |
30,214 |
|
|
$ |
19,632 |
|
|