v3.25.4
Revenue Recognition (Tables)
 6 Months Ended
Jun. 30, 2025
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregated Revenue From Contracts With Customers By Contract
The following table summarizes disaggregated revenue from contracts with customers by contract type for the three and six months ended June 30, 2025 and 2024 (in thousands):

Three months ended June 30,Six months ended June 30,
2025202420252024
NEMT capitated contracts$317,223 $399,581 $645,271 $810,396 
NEMT FFS contracts156,112 91,096 277,071 159,587 
Total NEMT service revenue, net$473,335 $490,677 $922,342 $969,983 
PCS FFS contracts166,888 186,610 348,675 370,178 
Monitoring PMPM contracts
17,482 19,025 35,607 39,127 
Other service revenue1,848 1,987 3,583 3,462 
Total service revenue, net$659,553 $698,299 $1,310,207 $1,382,750 
Schedule of Accounts Receivable
The following table provides information about accounts receivable, net (in thousands):
June 30, 2025December 31, 2024
Accounts receivable$259,551 $223,756 
Allowance for credit losses
(409)(1,439)
Accounts receivable, net$259,142 $222,317 
Schedule of Contract with Customer, Asset and Liability
The following table provides information about other revenue related accounts included on the accompanying unaudited condensed consolidated balance sheets (in thousands):
June 30, 2025December 31, 2024
Accrued contract payables(1)
$21,529 $22,639 
Contract receivables(2)
$115,621 $117,795 
Deferred revenue, current$16,039 $300 
(1)     Accrued contract payables primarily represent overpayments and liability reserves on certain risk corridor, profit rebate and reconciliation contracts. See the contract payables and receivables activity below.

(2)     Contract receivables primarily represent underpayments and receivables on certain risk corridor, profit rebate, and reconciliation contracts. See the contract payables and receivables activity below.
The following table provides the summary activity of total contract payables and receivables as reported within the unaudited condensed consolidated balance sheets (in thousands):

December 31, 2024Additional Amounts RecordedAmounts Paid or SettledMarch 31, 2025
Reconciliation contract payables$3,419 $2,247 $(77)$5,589 
Profit rebate/corridor contract payables12,595 5,838 (4,611)13,822 
Overpayments and other cash items6,625 2,918 (2,100)7,443 
Total contract payables$22,639 $11,003 $(6,788)$26,854 
Reconciliation contract receivables$33,749 $16,911 $(9,512)$41,148 
Corridor contract receivables84,046 25,769 (15,615)94,200 
Total contract receivables(1)
$117,795 $42,680 $(25,127)$135,348 

March 31, 2025Additional Amounts RecordedAmounts Paid or SettledJune 30, 2025
Reconciliation contract payables$5,589 $812 $(49)$6,352 
Profit rebate/corridor contract payables13,822 (1,593)(4,285)7,944 
Overpayments and other cash items7,443 2,737 (2,947)7,233 
Total contract payables$26,854 $1,956 $(7,281)$21,529 
Reconciliation contract receivables$41,148 $3,959 $(6,430)$38,677 
Corridor contract receivables94,200 31,100 (48,356)76,944 
Total contract receivables(1)
$135,348 $35,059 $(54,786)$115,621 

(1)    Total contract receivables is comprised of the current and long-term contract receivables balances, which are broken out separately on the unaudited condensed consolidated balance sheets. Long-term contract receivables primarily represent future receivable balances on certain risk corridor, profit rebate and reconciliation contracts that are expected to be received in greater than 12 months.