Forbes May 4, 2023
Alignment Healthcare reported a $37.3 million loss in the first quarter that was a bit narrower than the year-ago period as enrollment in its Medicare Advantage plans exceeded 109,000.
Alignment, which Thursday said it has “met or exceeded guidance every single quarter” since its initial public offering in March 2021, reported a first quarter loss of $37.3 million, or 20 cents per share, compared to $40.8 million, or 23 cents, in the first quarter of last year. Revenue, meanwhile, rose more than 27% to $439.2 million in the first quarter.
The increase in revenue and Medicare Advantage membership is a sign Alignment’s investments into new markets to further grow enrollment are paying off. Alignment’s health plan membership was up 16.5%...
Today's Sponsors
Today's Sponsor