Forbes August 3, 2023
Alignment Healthcare Thursday reported a loss in its second quarter of $28.5 million even as the startup provider of Medicare Advantage coverage grows its membership.
Alignment ended the second quarter of this year with 112,200 members, which was a 17% increase compared to the year-ago period. Meanwhile, total revenue was up 26% to $462.4 million.
Alignment’s growth in Medicare Advantage is important given it is competing with much larger players like Humana, UnitedHealth Group, CVS Health’s Aetna health insurance unit, and an array of Blue Cross and Blue Shield plans. Furthermore, there have been reports lately showing the Medicare Advantage market may be maturing, making it difficult for some plans to grow.
Medicare Advantage plans contract with the federal government...
Today's Sponsors
Today's Sponsor