Forbes March 3, 2022
Alignment Healthcare, a fast-growing provider of privatized Medicare benefits for seniors, Thursday reported a $47 million loss in its most recent quarter even as health plan membership took off.
Alignment, which became publicly-traded company last year in the popular and competitive Medicare Advantage business, said health plan membership as of Dec. 31, 2021, was up 26% to 86,100 year over year. That helped total revenue rise 23% to $298.3 million in the fourth quarter of last year compared to the year-ago period.
But Alignment’s losses, which are common for startups and young companies, continued to mount with the company reporting a fourth quarter net loss of $47.8 million compared to a loss...
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