Healthcare DIVE May 10, 2023
Dive Brief:
- The board of directors of insuretech Bright Health Group is exploring bids for its California Medicare Advantage plans, Brand New Day and Central Health Plan, which would fully exit the company from the insurance business, Bright announced in its first quarter earnings report on Tuesday.
- The company reported Q1 revenue of $756.3 million, which is up from $648.3 million in the first quarter of 2022.
- Bright Health CEO Mike Mikan said he saw potential for the sale of the MA business to boost its delivery care division. The MA plans remain on track for revenue targets for the year, he said.
Dive Insight:
Following a sale, Bright intends focus on its consumer care products, according to...
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