Fierce Healthcare August 1, 2024
Plan membership at Alignment Healthcare is again higher than previously expected, the company announced ahead of its second-quarter earnings call.
It’s the second consecutive quarter the insurtech has outpaced its projected full-year membership. Alignment now has 175,100 members, up 56.1% year over year, with the company anticipating up to 180,000 members by the end of the year.
Alignment recorded $681.3 million in total revenue, a 47.3% increase year over year, but the company posted a net loss of $24 million. Full-year revenue guidance is now projected to increase by at least $85 million.
“Our exceptional health plan membership growth and strong margin results in the second quarter show we’re doing Medicare Advantage right,” said John Kao, founder and CEO, in...
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