v3.24.0.1
Concentrations of Credit Risk
 12 Months Ended
Dec. 31, 2023
Risks and Uncertainties [Abstract]  
Concentrations of Credit Risk Concentrations of Credit Risk
Our financial instruments that are potentially subject to concentrations of credit risk consist primarily of cash, cash equivalents, and accounts receivable. While the Company’s cash and cash equivalents are managed by reputable financial institutions, the Company’s cash balances with the individual institutions may at times exceed the federally insured limits. At December 31, 2023, substantially all of the Company’s cash and cash equivalents were held at two financial institutions.
The following table provides the Company’s revenue concentrations with respect to major payers as a percentage of the Company’s total revenues:
For the Years Ended December 31,
(Dollars in Thousands)202320222021
Payer A
30 %32 %31 %
Payer B
15 %16 %17 %
Payer C
11 %10 %10 %
The following table provides the Company’s concentrations of credit risk with respect to major payers as a percentage of receivables, net:
For the Years Ended December 31,
(Dollars in Thousands)20232022
Payer A
23 %21 %
Payer B
18 %19 %
Payer C
14 %15 %