NATURE OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
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6 Months Ended |
Jun. 30, 2026 |
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| NATURE OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES |
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| Schedule of expense items |
| | | | | | | | | | | | | | | For the three months ended | | For the six months ended | | | June 30, | | June 30, | | | 2026 | | 2025 | | 2026 | | 2025 | | | | (in thousands) | | (in thousands) | Salaries and Benefits | | | | | | | | | | | | | Doctor compensation and benefits | | $ | 20,765 | | $ | 16,744 | | $ | 41,527 | | $ | 32,666 | Clinical team member salaries and benefits | | | 21,349 | | | 20,352 | | | 42,482 | | | 40,067 | Total Salaries and Benefits | | $ | 42,114 | | $ | 37,096 | | $ | 84,009 | | $ | 72,733 | Other Practice Expenses | | | | | | | | | | | | | MinnesotaCare tax | | $ | 1,180 | | $ | 1,127 | | $ | 2,301 | | $ | 2,180 | Other expenses of practices(1) | | | 2,656 | | | 2,483 | | | 5,369 | | | 4,835 | Total – Other Operating expense | | $ | 3,836 | | $ | 3,610 | | $ | 7,670 | | $ | 7,015 |
| (1) | Other expenses of practices include software and subscription costs, repairs and maintenance costs, recruiting, travel and entertainment, insurance, and other operating costs. |
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| Schedule of practice acquisition notes |
| | | | | | | | | 2026 | | 2025 | | | | (in thousands) | Practice acquisition notes – January 1 | | $ | 956 | | $ | 1,141 | Additions related to acquisitions | | | 544 | | | 1,006 | Reinstatement | | | — | | | 74 | Payments advanced to seller | | | (134) | | | (1,135) | Practice acquisition notes – June 30 | | $ | 1,366 | | $ | 1,086 |
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| Schedule of revenue disaggregation by customer |
| | | | | | | | | | | | | | | For the three months ended | | For the six months ended | | | June 30, | | June 30, | | | 2026 | | 2025 | | 2026 | | 2025 | | | | (in thousands) | | (in thousands) | Third-party payors | | $ | 43,671 | | $ | 44,438 | | $ | 87,202 | | $ | 86,430 | Patients | | | 22,541 | | | 18,560 | | | 41,705 | | | 35,605 | Total all payors | | $ | 66,212 | | $ | 62,998 | | $ | 128,907 | | $ | 122,035 |
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| Schedule of changes in deferred revenue |
| | | | | | | | | 2026 | | 2025 | | | | (in thousands) | Deferred revenue - January 1 | | $ | 1,411 | | $ | 1,432 | Recognition of prior deferred revenue in the current period | | | (1,096) | | | (1,063) | Deferral of revenue | | | 1,330 | | | 1,063 | Deferred revenue - June 30 | | $ | 1,645 | | $ | 1,432 |
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