Quarterly report pursuant to Section 13 or 15(d)

SEGMENT REPORTING (Tables)

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SEGMENT REPORTING (Tables)
 9 Months Ended
Sep. 30, 2024
Segment Reporting [Abstract]  
SCHEDULE OF REVENUES, OPERATING EXPENSES AND OPERATING INCOME (LOSS) BY REPORTABLE SEGMENT

 

                         
    Nine Months Ended September 30, 2024  
    ($ in thousands)  
    Healthcare IT     Medical Practice Management     Unallocated Corporate Expenses     Total  
Net revenue   $ 71,603     $ 10,995     $ -     $ 82,598  
Operating expenses:                                
Direct operating costs     37,699       8,140       -       45,839  
Selling and marketing     4,785       24       -       4,809  
General and administrative     6,923       1,392       3,812       12,127  
Research and development     2,768       -       -       2,768  
Depreciation and amortization     10,638       247       -       10,885  
Loss on lease terminations, unoccupied lease charges and restructuring costs     505       -       -       505  
Total operating expenses     63,318       9,803       3,812       76,933  
Operating income (loss)   $ 8,285     $ 1,192     $ (3,812 )   $ 5,665  

 

                         
    Three Months Ended September 30, 2024  
    ($ in thousands)  
    Healthcare IT     Medical Practice Management     Unallocated Corporate Expenses     Total  
Net revenue   $ 24,302     $ 4,244     $ -     $ 28,546  
Operating expenses:                                
Direct operating costs     12,445       2,975       -       15,420  
Selling and marketing     1,368       7       -       1,375  
General and administrative     2,321       481       1,576       4,378  
Research and development     800       -       -       800  
Depreciation and amortization     3,159       82       -       3,241  
Loss on lease terminations, unoccupied lease charges and restructuring costs     67       -       -       67  
Total operating expenses     20,160       3,545       1,576       25,281  
Operating income (loss)   $ 4,142     $ 699     $ (1,576 )   $ 3,265  

 

 

                         
    Nine Months Ended September 30, 2023  
    ($ in thousands)  
    Healthcare IT     Medical Practice Management     Unallocated Corporate Expenses     Total  
Net revenue   $ 78,531     $ 10,112     $ -     $ 88,643  
Operating expenses:                                
Direct operating costs     46,003       7,840       -       53,843  
Selling and marketing     7,503       26       -       7,529  
General and administrative     8,466       1,362       6,690       16,518  
Research and development     3,523       -       -       3,523  
Depreciation and amortization     10,013       269       -       10,282  
Loss on lease terminations and unoccupied lease charges     430       -       -       430  
Total operating expenses     75,938       9,497       6,690       92,125  
Operating income (loss)   $ 2,593     $ 615     $ (6,690 )   $ (3,482 )

 

                         
    Three Months Ended September 30, 2023  
    ($ in thousands)  
    Healthcare IT     Medical Practice Management     Unallocated Corporate Expenses     Total  
Net revenue   $ 25,592     $ 3,688     $ -     $ 29,280  
Operating expenses:                                
Direct operating costs     15,369       2,891       -       18,260  
Selling and marketing     2,329       8       -       2,337  
General and administrative     2,719       466       2,297       5,482  
Research and development     1,260       -       -       1,260  
Depreciation and amortization     3,814       89       -       3,903  
Loss on lease terminations and unoccupied lease charges     8       -       -       8  
Total operating expenses     25,499       3,454       2,297       31,250  
Operating income (loss)   $ 93     $ 234     $ (2,297 )   $ (1,970 )