Fierce Healthcare May 2, 2024
Editor’s note: This story has been updated with earnings call commentary from executives and analysts.
Alignment Healthcare boosted its health plan membership and is now projecting a higher full-year growth range, the insurtech announced ahead of its first-quarter earnings call.
The company said it’s grown its membership to 165,100, already outpacing the membership goal range of 162,000 to 164,000 it shared previously. Its full-year membership range now sits at 170,000 to 172,000.
Alignment reported total quarterly revenue of $628.6 million, a 43.1% year-over-year improvement. Adjusted gross profit came in at $57.3 million and a loss from operations was $41.1 million.
“Through the integration of our advanced technology with effective clinical oversight, we’ve met or exceeded expectations across membership, revenue,...
Today's Sponsors
Today's Sponsor