| Revenue |
3. Revenue The Company is substantially dependent on revenues received under contracts with federal, state, and local government agencies. Operating funding sources are generally earned from Medicaid, Medicare, commercial insurance reimbursement, and from private and other payors. There is no single customer whose revenue was 10% or more of our consolidated revenue during the periods presented. The following tables set forth revenue by payor type (in millions):
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Pharmacy Solutions |
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For the Three Months Ended September 30, |
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For the Nine Months Ended September 30, |
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2025 |
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2024 |
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2025 |
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2024 |
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Revenue |
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% of Revenue |
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Revenue |
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% of Revenue |
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Revenue |
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% of Revenue |
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Revenue |
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% of Revenue |
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Commercial insurance |
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$ |
818.3 |
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24.5 |
% |
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$ |
619.1 |
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23.8 |
% |
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$ |
2,234.8 |
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23.9 |
% |
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$ |
1,693.7 |
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23.1 |
% |
Medicaid |
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287.4 |
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8.6 |
% |
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213.9 |
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8.2 |
% |
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791.8 |
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8.5 |
% |
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600.9 |
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8.2 |
% |
Medicare A |
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143.0 |
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4.3 |
% |
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141.9 |
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5.5 |
% |
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422.3 |
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4.5 |
% |
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399.0 |
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5.4 |
% |
Medicare B |
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18.7 |
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0.6 |
% |
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16.8 |
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0.6 |
% |
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56.9 |
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0.6 |
% |
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50.4 |
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0.7 |
% |
Medicare C |
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593.0 |
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17.8 |
% |
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406.1 |
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15.6 |
% |
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1,636.3 |
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17.5 |
% |
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1,120.9 |
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15.3 |
% |
Medicare D |
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1,058.4 |
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31.7 |
% |
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826.2 |
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31.8 |
% |
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2,977.7 |
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31.8 |
% |
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2,352.5 |
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32.1 |
% |
Private & other |
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48.2 |
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1.5 |
% |
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41.7 |
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1.6 |
% |
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169.4 |
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1.8 |
% |
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139.8 |
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2.0 |
% |
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$ |
2,967.0 |
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89.0 |
% |
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$ |
2,265.7 |
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87.1 |
% |
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$ |
8,289.2 |
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88.6 |
% |
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$ |
6,357.2 |
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86.8 |
% |
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Provider Services |
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For the Three Months Ended September 30, |
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For the Nine Months Ended September 30, |
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2025 |
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2024 |
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2025 |
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2024 |
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Revenue |
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% of Revenue |
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Revenue |
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% of Revenue |
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Revenue |
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% of Revenue |
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Revenue |
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% of Revenue |
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Commercial insurance |
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$ |
51.3 |
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1.5 |
% |
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$ |
41.9 |
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1.6 |
% |
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$ |
136.8 |
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1.5 |
% |
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$ |
125.0 |
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1.7 |
% |
Medicaid |
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128.3 |
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3.8 |
% |
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84.9 |
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3.3 |
% |
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301.9 |
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3.2 |
% |
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251.4 |
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3.4 |
% |
Medicare A |
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127.0 |
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3.8 |
% |
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114.3 |
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4.4 |
% |
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375.2 |
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4.0 |
% |
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327.2 |
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4.5 |
% |
Medicare B |
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1.7 |
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0.1 |
% |
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3.7 |
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0.1 |
% |
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4.6 |
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0.0 |
% |
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18.7 |
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0.3 |
% |
Medicare C |
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28.8 |
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0.9 |
% |
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36.0 |
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1.4 |
% |
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96.0 |
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1.0 |
% |
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84.3 |
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1.2 |
% |
Private & other |
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30.0 |
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0.9 |
% |
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54.7 |
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2.1 |
% |
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156.2 |
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1.7 |
% |
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161.4 |
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2.1 |
% |
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$ |
367.1 |
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11.0 |
% |
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$ |
335.5 |
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12.9 |
% |
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$ |
1,070.7 |
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11.4 |
% |
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$ |
968.0 |
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13.2 |
% |
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Consolidated |
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For the Three Months Ended September 30, |
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For the Nine Months Ended September 30, |
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2025 |
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2024 |
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2025 |
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2024 |
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Revenue |
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% of Revenue |
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Revenue |
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% of Revenue |
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Revenue |
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% of Revenue |
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Revenue |
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% of Revenue |
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Commercial insurance |
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$ |
869.6 |
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26.0 |
% |
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$ |
661.0 |
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25.4 |
% |
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$ |
2,371.6 |
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25.4 |
% |
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$ |
1,818.7 |
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24.8 |
% |
Medicaid |
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415.7 |
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12.4 |
% |
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298.8 |
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11.5 |
% |
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1,093.7 |
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11.7 |
% |
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852.3 |
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11.6 |
% |
Medicare A |
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270.0 |
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8.1 |
% |
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256.2 |
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9.9 |
% |
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797.5 |
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8.5 |
% |
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726.2 |
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9.9 |
% |
Medicare B |
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20.4 |
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0.7 |
% |
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20.5 |
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0.7 |
% |
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61.5 |
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0.6 |
% |
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69.1 |
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1.0 |
% |
Medicare C |
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621.8 |
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18.7 |
% |
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442.1 |
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17.0 |
% |
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1,732.3 |
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18.5 |
% |
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1,205.2 |
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16.5 |
% |
Medicare D |
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1,058.4 |
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31.7 |
% |
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826.2 |
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31.8 |
% |
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2,977.7 |
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31.8 |
% |
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2,352.5 |
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32.1 |
% |
Private & other |
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78.2 |
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2.4 |
% |
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96.4 |
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3.7 |
% |
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325.6 |
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3.5 |
% |
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301.2 |
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4.1 |
% |
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$ |
3,334.1 |
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100.0 |
% |
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$ |
2,601.2 |
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100.0 |
% |
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$ |
9,359.9 |
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100.0 |
% |
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$ |
7,325.2 |
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|
100.0 |
% |
Refer to Note 15 for the disaggregation of revenue by reportable segment.
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