v3.24.2.u1
Concentration of Credit and Revenue Risk
 6 Months Ended
Jun. 30, 2024
Risks and Uncertainties [Abstract]  
Concentration of Credit and Revenue Risk Concentration of Credit and Revenue Risk
Our financial instruments that are potentially subject to concentrations of credit risk consist primarily of cash, cash equivalents, and accounts receivable. While our 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. Our cash and cash equivalents primarily consist of highly liquid investments in money market funds and cash.
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 Three Months Ended June 30,For the Six Months Ended June 30,
(Dollars in Thousands)2024202320242023
Payer A
29 %30 %30 %30 %
Payer B
15 %15 %14 %15 %
Payer C
11 %11 %11 %11 %
The following table provides the Company’s concentrations of credit risk with respect to major payers as a percentage of receivables, net:
(Dollars in Thousands)June 30, 2024December 31, 2023
Payer A
23 %23 %
Payer B
18 %18 %
Payer C
14 %14 %