2022 Q2 Form 10-Q Financial Statement

#000155837022015156 Filed on October 21, 2022

View on sec.gov

Income Statement

Concept 2022 Q2 2021 Q4 2021 Q2
Revenue $269.5M $58.76M $303.0M
YoY Change -11.07% -52.94% 30.7%
Cost Of Revenue $267.4M $200.1M $297.6M
YoY Change -10.12% 45.79% 34.5%
Gross Profit $2.006M -$22.25M $5.412M
YoY Change -62.94% 79.74% -48.85%
Gross Profit Margin 0.74% -37.86% 1.79%
Selling, General & Admin $42.51M $17.35M $34.08M
YoY Change 24.74% -0.81% 45.73%
% of Gross Profit 2119.39% 629.61%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $42.88M $187.6K $762.4K
YoY Change 5524.67% 3.14% 107.26%
% of Gross Profit 2138.08% 14.09%
Operating Expenses $1.182B $117.7M $37.84M
YoY Change 3022.83% -7621.42% 77.04%
Operating Profit -$912.2M -$58.89M -$32.43M
YoY Change 2713.09% 444.57% 200.46%
Interest Expense -$2.734M $2.131M -$8.487M
YoY Change -67.79% -168.91% 86.08%
% of Operating Profit
Other Income/Expense, Net $9.081M $949.7K -$10.66M
YoY Change -185.18% -426.73%
Pretax Income -$903.1M -$57.94M -$51.58M
YoY Change 1651.04% 308.1% 235.92%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$154.3M -$10.08M -$46.33M
YoY Change 233.13% -24.43% 320.17%
Net Earnings / Revenue -57.28% -17.16% -15.29%
Basic Earnings Per Share -$3.71 -$0.24
Diluted Earnings Per Share -$3.73 -$0.24 -$190.2K
COMMON SHARES
Basic Shares Outstanding 41.58M 41.58M
Diluted Shares Outstanding 242.1M 41.58M

Balance Sheet

Concept 2022 Q2 2021 Q4 2021 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $63.15M $140.5M $580.0K
YoY Change 10787.13%
Cash & Equivalents $63.15M $140.5M $16.32M
Short-Term Investments
Other Short-Term Assets $5.834M $7.315M $240.0K
YoY Change 2330.86%
Inventory
Prepaid Expenses $355.2K
Receivables $101.7M $51.34M
Other Receivables $261.9K $726.9K
Total Short-Term Assets $171.0M $199.9M $820.0K
YoY Change 20751.11% 50502.83%
LONG-TERM ASSETS
Property, Plant & Equipment $8.293M $8.048M
YoY Change 30.85%
Goodwill $458.3M $1.310B
YoY Change 150251.06%
Intangibles $793.6M $835.8M
YoY Change
Long-Term Investments
YoY Change
Other Assets $10.61M $316.3M
YoY Change
Total Long-Term Assets $1.273B $2.164B $316.3M
YoY Change 302.59%
TOTAL ASSETS
Total Short-Term Assets $171.0M $199.9M $820.0K
Total Long-Term Assets $1.273B $2.164B $316.3M
Total Assets $1.444B $2.364B $317.1M
YoY Change 355.47% 598469.09%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $20.36M $124.5M
YoY Change
Accrued Expenses $49.95M $52.91M $190.0K
YoY Change 26188.2% 2314469.99%
Deferred Revenue
YoY Change
Short-Term Debt $1.178M $3.579M
YoY Change
Long-Term Debt Due $0.00 $46.10K
YoY Change -48.77%
Total Short-Term Liabilities $228.8M $198.8M $190.0K
YoY Change 120337.31% 53298.41%
LONG-TERM LIABILITIES
Long-Term Debt $80.00M $80.00M
YoY Change 76.26%
Other Long-Term Liabilities $19.68M $21.17M $15.73M
YoY Change 25.1%
Total Long-Term Liabilities $99.68M $101.2M $15.73M
YoY Change 533.69% 82.81%
TOTAL LIABILITIES
Total Short-Term Liabilities $228.8M $198.8M $190.0K
Total Long-Term Liabilities $99.68M $101.2M $15.73M
Total Liabilities $328.5M $299.9M $15.92M
YoY Change 1963.5% 80475.68%
SHAREHOLDERS EQUITY
Retained Earnings -$204.3M -$39.42M
YoY Change 1724227.38%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $108.6M $273.6M $301.2M
YoY Change
Total Liabilities & Shareholders Equity $1.444B $2.364B $317.1M
YoY Change 355.47% 598469.09%

Cashflow Statement

Concept 2022 Q2 2021 Q4 2021 Q2
OPERATING ACTIVITIES
Net Income -$154.3M -$10.08M -$46.33M
YoY Change 233.13% -24.43% 320.17%
Depreciation, Depletion And Amortization $42.88M $187.6K $762.4K
YoY Change 5524.67% 3.14% 107.26%
Cash From Operating Activities -$45.31M -$15.34M -$660.0K
YoY Change 6765.54% -14.53%
INVESTING ACTIVITIES
Capital Expenditures -$523.3K $120.6K
YoY Change -117.37%
Acquisitions
YoY Change
Other Investing Activities $272.2K -$47.76M $0.00
YoY Change 8196.58%
Cash From Investing Activities -$251.1K -$47.86M $0.00
YoY Change 3669.32%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $6.320M
YoY Change
Debt Paid & Issued, Net $8.008K
YoY Change
Cash From Financing Activities -1.239M 198.7M -40.00K
YoY Change 2997.48% 471.21%
NET CHANGE
Cash From Operating Activities -45.31M -15.34M -660.0K
Cash From Investing Activities -251.1K -47.86M 0.000
Cash From Financing Activities -1.239M 198.7M -40.00K
Net Change In Cash -46.80M 135.5M -700.0K
YoY Change 6586.1% 770.6%
FREE CASH FLOW
Cash From Operating Activities -$45.31M -$15.34M -$660.0K
Capital Expenditures -$523.3K $120.6K
Free Cash Flow -$44.79M -$15.46M
YoY Change -10.4%

Facts In Submission

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CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
273551441
CY2022Q1 piii Stock Issued Value Stock Compensation Awards Vesting
StockIssuedValueStockCompensationAwardsVesting
55
CY2022Q1 us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
-10577504
CY2022Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
262973992
CY2022Q2 piii Stock Issued Value Stock Compensation Awards Vesting
StockIssuedValueStockCompensationAwardsVesting
432
CY2022Q2 us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
-154349949
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
108624475
us-gaap Profit Loss
ProfitLoss
-963896193
us-gaap Profit Loss
ProfitLoss
-54115119
us-gaap Depreciation And Amortization
DepreciationAndAmortization
43471912
us-gaap Depreciation And Amortization
DepreciationAndAmortization
762378
us-gaap Share Based Compensation
ShareBasedCompensation
15426980
us-gaap Share Based Compensation
ShareBasedCompensation
1024307
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
851455754
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
349324
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
621305
piii Mark To Market Adjustment Of Stock Warrants
MarkToMarketAdjustmentOfStockWarrants
-5953817
piii Mark To Market Adjustment Of Stock Warrants
MarkToMarketAdjustmentOfStockWarrants
10661579
piii Premium Deficiency Testing Expense Long Duration Contract Amount1
PremiumDeficiencyTestingExpenseLongDurationContractAmount1
-2814084
piii Premium Deficiency Testing Expense Long Duration Contract Amount1
PremiumDeficiencyTestingExpenseLongDurationContractAmount1
3000000
us-gaap Paid In Kind Interest
PaidInKindInterest
187599
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
376219
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-92491
piii Increase Decrease In Health Plan Receivables Premiums
IncreaseDecreaseInHealthPlanReceivablesPremiums
49555406
piii Increase Decrease In Health Plan Receivables Premiums
IncreaseDecreaseInHealthPlanReceivablesPremiums
-1212093
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-1890414
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
361241
piii Net Change In Rights Of Use Assets And Liabilities
NetChangeInRightsOfUseAssetsAndLiabilities
3556272
piii Net Change In Rights Of Use Assets And Liabilities
NetChangeInRightsOfUseAssetsAndLiabilities
75337
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
1163574
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-1005876
us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
-3041024
us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
-2648873
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
2558865
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
1807007
piii Increase Decrease In Health Plan Payables Premiums
IncreaseDecreaseInHealthPlanPayablesPremiums
-4526299
piii Increase Decrease In Health Plan Payables Premiums
IncreaseDecreaseInHealthPlanPayablesPremiums
-1342803
piii Increase Decrease In Claims Payables
IncreaseDecreaseInClaimsPayables
37364043
piii Increase Decrease In Claims Payables
IncreaseDecreaseInClaimsPayables
5736206
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-73087629
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-34131885
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1400511
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1883226
us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
82000
us-gaap Payments For Proceeds From Loans Receivable
PaymentsForProceedsFromLoansReceivable
-226808
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1400511
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1738418
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
12750000
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
2446433
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
44629
piii Payment For Loan Origination And Closing Fees
PaymentForLoanOriginationAndClosingFees
-191250
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-2446433
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
12514121
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-76934573
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-23356182
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
140833872
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
39902947
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
63899299
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
16546765
CY2022Q2 piii Number Of Health Plans Agreements Entered
NumberOfHealthPlansAgreementsEntered
20
CY2021Q4 piii Number Of Health Plans Agreements Entered
NumberOfHealthPlansAgreementsEntered
17
CY2022Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-903105939
CY2021Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-29464410
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
63145379
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
140477586
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1
piii Health Plans Term Of Contract
HealthPlansTermOfContract
P1M
CY2022Q2 piii Health Plans Settlements Payable Current
HealthPlansSettlementsPayableCurrent
18022395
CY2021Q4 piii Health Plans Settlements Payable Current
HealthPlansSettlementsPayableCurrent
22548694
piii Number Of Revenue Practical Expedients Elected
NumberOfRevenuePracticalExpedientsElected
2
us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:italic;margin:0pt 0pt 12pt 0pt;"><i style="text-decoration-line:underline;text-decoration-style:solid;">Management’s Use of Estimates</i></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">Preparation of these condensed consolidated financial statements and accompanying footnotes, in conformity with U.S. GAAP, requires Management to make estimates and assumptions that could affect amounts reported here. Management bases its estimates on the best information available at the time, its experiences and various other assumptions believed to be reasonable under the circumstances including estimates of the impact of COVID 19. See Note 23 “Commitments and Contingencies” for further discussion on the impact of COVID-19.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">The areas where significant estimates are used in these accompanying condensed consolidated financial statements include revenue recognition, the liability for unpaid claims, unit-based and share-based compensation, premium deficiency reserves (“PDR”), fair value and impairment recognition of long-lived assets (including intangibles and goodwill), fair value of acquired assets and liabilities in Business Combinations, fair value of liability classified instruments and judgments related to deferred income taxes. Actual results could differ from those estimates.</p>
CY2022Q2 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
250000
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
63145379
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
140477586
CY2021Q4 us-gaap Financial Designation Predecessor And Successor Fixed List
FinancialDesignationPredecessorAndSuccessorFixedList
Successor
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
63145379
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
140477586
CY2022Q2 us-gaap Restricted Cash Current
RestrictedCashCurrent
753920
CY2021Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
356286
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
63899299
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
140833872
CY2021Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
16322893
CY2021Q2 us-gaap Restricted Cash Current
RestrictedCashCurrent
223872
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
16546765
CY2022Q1 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2022Q2 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
851500000
us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
369698137
us-gaap Business Acquisitions Pro Forma Income Loss From Continuing Operations Before Changes In Accounting And Extraordinary Items Net Of Tax
BusinessAcquisitionsProFormaIncomeLossFromContinuingOperationsBeforeChangesInAccountingAndExtraordinaryItemsNetOfTax
-173796294
piii Business Acquisition Pro Forma Net Income Loss Attributable To Noncontrolling Interest
BusinessAcquisitionProFormaNetIncomeLossAttributableToNoncontrollingInterest
-143555739
us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
-30240555
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
63145379
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
140477586
CY2022Q2 us-gaap Restricted Cash Current
RestrictedCashCurrent
753920
CY2021Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
356286
CY2022Q2 piii Clinic Fees And Insurance Receivables Net Current
ClinicFeesAndInsuranceReceivablesNetCurrent
1931291
CY2021Q4 piii Clinic Fees And Insurance Receivables Net Current
ClinicFeesAndInsuranceReceivablesNetCurrent
1090104
CY2022Q2 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
261935
CY2021Q4 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
726903
CY2022Q2 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
20693070
CY2021Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
17730683
CY2022Q2 us-gaap Shares Subject To Mandatory Redemption Settlement Terms Fair Value Of Shares
SharesSubjectToMandatoryRedemptionSettlementTermsFairValueOfShares
5429009
CY2021Q4 us-gaap Shares Subject To Mandatory Redemption Settlement Terms Fair Value Of Shares
SharesSubjectToMandatoryRedemptionSettlementTermsFairValueOfShares
11382826
CY2021Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
502276
CY2020Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
6316605
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
-344101
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
10661579
CY2022Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
158175
CY2021Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
16978184
CY2022Q2 us-gaap Contract With Customer Receivable Before Allowance For Credit Loss Current
ContractWithCustomerReceivableBeforeAllowanceForCreditLossCurrent
2698072
CY2021Q4 us-gaap Contract With Customer Receivable Before Allowance For Credit Loss Current
ContractWithCustomerReceivableBeforeAllowanceForCreditLossCurrent
2641182
CY2022Q2 us-gaap Contract With Customer Receivable Allowance For Credit Loss Current
ContractWithCustomerReceivableAllowanceForCreditLossCurrent
2129238
CY2021Q4 us-gaap Contract With Customer Receivable Allowance For Credit Loss Current
ContractWithCustomerReceivableAllowanceForCreditLossCurrent
1968750
CY2022Q2 us-gaap Contract With Customer Receivable After Allowance For Credit Loss Current
ContractWithCustomerReceivableAfterAllowanceForCreditLossCurrent
568834
CY2021Q4 us-gaap Contract With Customer Receivable After Allowance For Credit Loss Current
ContractWithCustomerReceivableAfterAllowanceForCreditLossCurrent
672432
CY2022Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
9630761
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
8230250
CY2022Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1337796
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
182321
CY2022Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
8292965
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
8047929
CY2021Q4 us-gaap Goodwill
Goodwill
1309750216
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
851455754
CY2022Q2 us-gaap Goodwill
Goodwill
458294462
CY2022Q2 us-gaap Goodwill
Goodwill
458294462
CY2021Q4 us-gaap Goodwill
Goodwill
1309750216
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
0
piii Term Of Steady Decline In Share Price
TermOfSteadyDeclineInSharePrice
P3M
piii Percentage Of Stock Lower Than Opening Price
PercentageOfStockLowerThanOpeningPrice
0.63
CY2022Q2 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
851500000
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2021Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
835838605
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
42285014
CY2022Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
793553591
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
84000000
us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P9Y4M24D
CY2022Q2 piii Financing Receivable Number Of Promissory Notes Entered
FinancingReceivableNumberOfPromissoryNotesEntered
5
CY2022Q2 piii Financing Receivable Number Of Family Medical Practices With Whom Promissory Notes Are Entered
FinancingReceivableNumberOfFamilyMedicalPracticesWithWhomPromissoryNotesAreEntered
3
CY2022Q2 piii Financing Receivable Separate Provider Agreements With Each Practice Related To Number Of Promissory Notes Entered
FinancingReceivableSeparateProviderAgreementsWithEachPracticeRelatedToNumberOfPromissoryNotesEntered
4
CY2022Q2 piii Financing Receivable Number Of Promissory Notes Entered
FinancingReceivableNumberOfPromissoryNotesEntered
5
CY2022Q2 piii Financing Receivable Separate Provider Agreements With Each Practice Related To Number Of Promissory Notes Entered
FinancingReceivableSeparateProviderAgreementsWithEachPracticeRelatedToNumberOfPromissoryNotesEntered
4
CY2022Q2 us-gaap Notes Receivable Net
NotesReceivableNet
3729220
CY2022Q2 us-gaap Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
150000
CY2021Q4 us-gaap Notes Receivable Net
NotesReceivableNet
3590715
CY2022Q2 us-gaap Financing Receivable Accrued Interest Before Allowance For Credit Loss
FinancingReceivableAccruedInterestBeforeAllowanceForCreditLoss
1006898
CY2021Q4 us-gaap Financing Receivable Accrued Interest Before Allowance For Credit Loss
FinancingReceivableAccruedInterestBeforeAllowanceForCreditLoss
885243
CY2022Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
659958
CY2021Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
526808
CY2022Q2 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Incurred But Not Reported Ibnr Claims Amount
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredButNotReportedIBNRClaimsAmount
139322367
CY2021Q4 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Incurred But Not Reported Ibnr Claims Amount
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredButNotReportedIBNRClaimsAmount
101958324
us-gaap Schedule Of Liability For Unpaid Claims And Claims Adjustment Expense
ScheduleOfLiabilityForUnpaidClaimsAndClaimsAdjustmentExpense
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt;"><span style="margin-bottom:12pt;visibility:hidden;">​</span></p><table style="border-collapse:collapse;font-size:16pt;height:max-content;margin-left:auto;margin-right:auto;padding-left:0pt;padding-right:0pt;width:100%;"><tr style="height:1pt;"><td style="vertical-align:bottom;width:81.53%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:2.91%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:1.84%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:13.7%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td></tr><tr><td style="vertical-align:bottom;width:81.53%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:8pt;font-weight:bold;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.91%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;text-align:center;margin:0pt;">    </p></td><td colspan="2" style="vertical-align:bottom;white-space:nowrap;width:15.54%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">Successor</b></p></td></tr><tr><td style="vertical-align:bottom;width:81.53%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:8pt;font-weight:bold;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.91%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><span style="font-size:8pt;visibility:hidden;">​</span></p></td><td colspan="2" style="vertical-align:bottom;white-space:nowrap;width:15.54%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">Six Months Ended </b></p></td></tr><tr><td style="vertical-align:bottom;width:81.53%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:8pt;font-weight:bold;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.91%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;margin:0pt;">    </p></td><td colspan="2" style="vertical-align:bottom;white-space:nowrap;width:15.54%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">June 30, 2022</b></p></td></tr><tr><td style="vertical-align:bottom;width:81.53%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Claims Unpaid, Beginning of Period</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.91%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.84%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">$</p></td><td style="vertical-align:bottom;white-space:nowrap;width:13.7%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 101,958,324</p></td></tr><tr><td style="vertical-align:bottom;width:81.53%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Incurred, Related to:</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.91%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.84%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:13.7%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;">  </p></td></tr><tr><td style="vertical-align:bottom;width:81.53%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 6pt;">Current Period</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.91%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.84%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:13.7%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 468,944,879</p></td></tr><tr><td style="vertical-align:bottom;width:81.53%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 6pt;">Prior Period(s)</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.91%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.84%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:13.7%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 7,097,685</p></td></tr><tr><td style="vertical-align:bottom;width:81.53%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Total Incurred</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.91%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.84%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:13.7%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 476,042,564</p></td></tr><tr><td style="vertical-align:bottom;width:81.53%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Paid, Related to:</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.91%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.84%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:13.7%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;">  </p></td></tr><tr><td style="vertical-align:bottom;width:81.53%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 6pt;">Current Period</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.91%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.84%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:13.7%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 340,629,168</p></td></tr><tr><td style="vertical-align:bottom;width:81.53%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 6pt;">Prior Period(s)</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.91%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.84%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:13.7%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 98,049,353</p></td></tr><tr><td style="vertical-align:bottom;width:81.53%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Total Paid</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.91%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.84%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:13.7%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 438,678,521</p></td></tr><tr><td style="vertical-align:bottom;width:81.53%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Claims Unpaid Assumed in Acquisitions</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.91%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.84%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:13.7%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;">  </p></td></tr><tr><td style="vertical-align:bottom;width:81.53%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Claims Unpaid, End of Period</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.91%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.84%;background:#cceeff;border-bottom:3px double #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">$</p></td><td style="vertical-align:bottom;white-space:nowrap;width:13.7%;background:#cceeff;border-bottom:3px double #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 139,322,367</p></td></tr></table>
CY2021Q4 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Incurred But Not Reported Ibnr Claims Amount
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredButNotReportedIBNRClaimsAmount
101958324
us-gaap Supplemental Information For Property Casualty Insurance Underwriters Current Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersCurrentYearClaimsAndClaimsAdjustmentExpense
468944879
us-gaap Supplemental Information For Property Casualty Insurance Underwriters Prior Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense
7097685
us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Incurred Claims1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1
476042564
us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Claims Paid Current Year1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidCurrentYear1
340629168
us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Claims Paid Prior Years1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidPriorYears1
98049353
us-gaap Payments For Losses And Loss Adjustment Expense
PaymentsForLossesAndLossAdjustmentExpense
438678521
CY2022Q2 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Incurred But Not Reported Ibnr Claims Amount
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredButNotReportedIBNRClaimsAmount
139322367
piii Security Agreement Lenders Collateral Percentage Of Pledged Stock Its Subsidiaries And Bank Accounts
SecurityAgreementLendersCollateralPercentageOfPledgedStockItsSubsidiariesAndBankAccounts
1
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.0000
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.0000
CY2022Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
CY2021Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
CY2021Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
80046101
us-gaap Repayments Of Debt
RepaymentsOfDebt
46101
CY2022Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
80000000
CY2022Q2 piii Long Term Debt Paid In Kind Interest Maturity Remainder Of Fiscal Year
LongTermDebtPaidInKindInterestMaturityRemainderOfFiscalYear
2660461
CY2022Q2 piii Long Term Debt Cash Interest Maturity Remainder Of Fiscal Year
LongTermDebtCashInterestMaturityRemainderOfFiscalYear
2788374
CY2022Q2 piii Long Term Debt Total Payments Maturity Remainder Of Fiscal Year
LongTermDebtTotalPaymentsMaturityRemainderOfFiscalYear
2788374
CY2022Q2 piii Long Term Debt Paid In Kind Interest Maturity Year One
LongTermDebtPaidInKindInterestMaturityYearOne
5624513
CY2022Q2 piii Long Term Debt Cash Interest Maturity Year One
LongTermDebtCashInterestMaturityYearOne
5675461
CY2022Q2 piii Long Term Debt Total Payments Maturity Year One
LongTermDebtTotalPaymentsMaturityYearOne
5675461
CY2022Q2 piii Long Term Debt Paid In Kind Interest Maturity Year Two
LongTermDebtPaidInKindInterestMaturityYearTwo
6061814
CY2022Q2 piii Long Term Debt Cash Interest Maturity Year Two
LongTermDebtCashInterestMaturityYearTwo
5882309
CY2022Q2 piii Long Term Debt Total Payments Maturity Year Two
LongTermDebtTotalPaymentsMaturityYearTwo
5882309
CY2022Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
65000000
CY2022Q2 piii Long Term Debt Paid In Kind Interest Maturity Year Three
LongTermDebtPaidInKindInterestMaturityYearThree
6274526
CY2022Q2 piii Long Term Debt Cash Interest Maturity Year Three
LongTermDebtCashInterestMaturityYearThree
19518225
CY2022Q2 piii Long Term Debt Total Payments Maturity Year Three
LongTermDebtTotalPaymentsMaturityYearThree
84518225
CY2022Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
15000000
CY2022Q2 piii Long Term Debt Paid In Kind Interest Maturity Year Four
LongTermDebtPaidInKindInterestMaturityYearFour
1851284
CY2022Q2 piii Long Term Debt Cash Interest Maturity Year Four
LongTermDebtCashInterestMaturityYearFour
20054451
CY2022Q2 piii Long Term Debt Total Payments Maturity Year Four
LongTermDebtTotalPaymentsMaturityYearFour
35054451
CY2022Q2 us-gaap Long Term Debt
LongTermDebt
80000000
CY2022Q2 piii Long Term Debt Paid In Kind Interest Maturity
LongTermDebtPaidInKindInterestMaturity
22472598
CY2022Q2 piii Long Term Debt Cash Interest Maturity
LongTermDebtCashInterestMaturity
53918820
CY2022Q2 piii Long Term Debt Total Payments Maturity
LongTermDebtTotalPaymentsMaturity
133918820
CY2022Q2 us-gaap Long Term Debt
LongTermDebt
80000000
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
80046101
CY2021Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
46101
CY2022Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
80000000
CY2021Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
80000000
CY2022Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000
CY2021Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
851500000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0
CY2021Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000
CY2022Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2021Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2022Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2022Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions
9037319
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
2034279
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
6.43
piii Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Remaining Contractual Term
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageRemainingContractualTerm
P3Y1M6D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
66667
piii Share Based Compensation Arrangements By Share Based Payment Award Options Vested In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsVestedInPeriodWeightedAverageExercisePrice
5.02
CY2022Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
1967612
CY2022Q2 piii Share Based Compensation Arrangement By Share Based Payment Award Options Nonvested Weighted Average Exercise Price
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6.48
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
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P2Y9M7D
CY2022Q2 us-gaap Profit Loss
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-903105939
us-gaap Profit Loss
ProfitLoss
-963896193
CY2022Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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-748755990
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-798968740
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
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-154349949
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-164927453
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-154349949
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-164927453
CY2022Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-748755990
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-798968740
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-903105939
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-963896193
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
41578890
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
41578890
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-3.71
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-3.97
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
41578890
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
41578890
CY2022Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
200473866
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
198782864
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
242052756
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
240361754
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-3.73
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-4.01
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
13554998
CY2020Q4 piii Premium Deficiency Reserve Current
PremiumDeficiencyReserveCurrent
0
CY2022Q2 piii Premium Deficiency Reserve Current
PremiumDeficiencyReserveCurrent
35021557
CY2021Q4 piii Premium Deficiency Reserve Current
PremiumDeficiencyReserveCurrent
37835642
piii Number Of Operating Lease
NumberOfOperatingLease
1
CY2022Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
735039
CY2021Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
563651
us-gaap Operating Lease Cost
OperatingLeaseCost
1473710
us-gaap Operating Lease Cost
OperatingLeaseCost
1051963
CY2022Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y10M28D
CY2021Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y3M21D
CY2022Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.112
CY2021Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.104
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
419351
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
2117494
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
2716584
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
2366864
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
1762184
CY2022Q2 piii Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
3973507
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
13355984
CY2022Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
2447475
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
10908509
CY2022Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
332756
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
2087235
piii Redeemable Noncontrolling Interest Equity Fair Value Remeasurement Adjustment
RedeemableNoncontrollingInterestEquityFairValueRemeasurementAdjustment
0
CY2021 piii Redeemable Noncontrolling Interest Equity Fair Value Remeasurement Adjustment
RedeemableNoncontrollingInterestEquityFairValueRemeasurementAdjustment
0
CY2021 piii Number Of Health Plans Resulting In Renegotiation
NumberOfHealthPlansResultingInRenegotiation
1
CY2022Q2 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
10600000
piii Percentage Of Total Revenues Recurring
PercentageOfTotalRevenuesRecurring
0.97
CY2021 piii Percentage Of Total Revenues Recurring
PercentageOfTotalRevenuesRecurring
0.97
us-gaap Litigation Settlement Amount Awarded To Other Party
LitigationSettlementAmountAwardedToOtherParty
84000000.0
CY2021Q4 us-gaap Loans And Leases Receivable Related Parties
LoansAndLeasesReceivableRelatedParties
25882296
us-gaap Loans And Leases Receivable Related Parties Additions
LoansAndLeasesReceivableRelatedPartiesAdditions
2223912
us-gaap Loans And Leases Receivable Related Parties Period Increase Decrease
LoansAndLeasesReceivableRelatedPartiesPeriodIncreaseDecrease
437236
CY2022Q2 us-gaap Loans And Leases Receivable Related Parties
LoansAndLeasesReceivableRelatedParties
28543444

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