RE:Useful InformationI didn't find your situation in the link you pasted but I looked for it online and found it in the following document :
https://www.medicaid.gov/resources-for-states/downloads/medicaid-chip-beneficiaries-COVID-19-snapshot-data-through-20200630.pdf
Revenue is recognized when the service is rendered but there is definitaley a lag in accounts receivables. This is how I explain it to myself:
:
1) After each month, Reliq submits the list of billable claims to their clients so that they can bill CMS for it. (Up to one month lag caused by this)
2) The client has to review the list submitted by Reliq and bill CMS for it (We'll give them 1 month for this, which brings us to 2 months)
3) CMS receives the claims, has to review it and pay for it (Let's give them 2 month because of the increased telehealth claims caused by the pandemic, we're at 4 months)
4) The client receives the payment, has to review it and make the patient pay the difference if there is any (Let's give 1 more month, we.re at 5 months)
5) The patient receives the bill if any and has a delay to pay it (+1 month, we're at 6 months)
6) The client receives the payment, has 1 month to process it (we're at 7 months).
7) Reliq gets paid.
This is of course a worst case scenario but shows how accounts receivables can lag especially when using a complex payment system like Reliq's.