Fierce Healthcare February 28, 2024
Updated: Wednesday, February 28 at 1:18 pm
Insurtech Alignment Healthcare has recorded $1.82 billion in revenue for full-year 2023 and beat market expectations for quarterly revenue by more than $20 million, the company announced Feb. 27 during its 2024 fourth-quarter earnings call.
However, its earnings per share was a loss of 25 cents, falling short of Wall Street expectations of a loss of 22 cents per share, according to Zacks Investment Research analysts.
The company is also making changes to its ACO REACH business and reporting, citing its competitive advantage in the Medicare Advantage (MA) market.
“We are reallocating our time and human capital towards MA and eliminating downside risk in the ACO REACH program,” said Chief Financial Officer Thomas...
Today's Sponsors
Today's Sponsor