Annual report pursuant to Section 13 and 15(d)

Revenue (Tables)

v3.22.4
Revenue (Tables)
 12 Months Ended
Dec. 31, 2022
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue
For the Year Ended December 31,
2022 2021 2020
$’000 $’000 $’000
Value-based care
 1,026,251  218,758  26,038 
Clinical services
 54,480  42,017  28,631 
Software licensing 28,938  60,052  24,603 
1,109,669  320,827  79,272 
The following table presents revenue by source or healthcare services provided under our value-based care arrangements for the years ended December 31, 2022, 2021 and 2020:
For the Year Ended December 31,
2022 2021 2020
$’000 $’000 $’000
Medicaid 573,337  138,641  17,970 
Medicare 409,196  55,807  8,068 
Other 43,718  24,310  — 
1,026,251  218,758  26,038 
Summary of Information about Receivables, Contract Assets, and Contract Liabilities and Changes in Contract Liabilities
The following table provides information about receivables, contract assets and contract liabilities from contracts with customers.
As of December 31,
2022 2021
$’000 $’000
Trade receivables (Note 13)
 15,524  8,278 
Contract assets (Note 13)
 6,112  4,484 
Contract liabilities (Note 6 iii)
 64,870  94,182 
The table below shows significant changes in contract liabilities:
2022 2021
$’000 $’000
Balance on January 1
 94,182  76,018 
Amounts billed but not recognized
 2,696  61,176 
Revenue recognized
 (21,503) (43,012)
Effect of movement in foreign exchange
(9,774) — 
Transferred to liability held for sale (731) — 
Balance on December 31
 64,870  94,182 
The table below shows significant changes in contract assets:
2022 2021
$’000 $’000
Balance at January 1
 4,484  2,378 
Revenues recognized but not billed
 4,478  3,444 
Amounts reclassified to trade receivable
 (1,914) (1,338)
Amounts transferred to assets held for sale (936) — 
Balance at December 31,
 6,112  4,484 
Summary of Performance Obligations
The following table includes revenue expected to be recognized in the future related to performance obligations that are unsatisfied (or partially unsatisfied) at the reporting date:
2023 2024 2025 2026
2027
and
beyond
Total
$’000 $’000 $’000 $’000 $’000 $’000
As of December 31, 2022
 18,710  17,350  16,008  7,053  5,749  64,870