HealthLeaders Media December 11, 2023
By the end of 2023 Clover Health will exit the program after inadequate results in Medicare direct contracting.
KEY TAKEAWAYS
– Clover Health exits the ACO REACH program after disappointing losses.
– Clover attempted to counteract their poor 2021 results by cutting back their number of physicians they had in the program by two-thirds, but still weren’t able to recover.
– Despite the losses, CEO Andrew Toy remains optimistic about the company’s future profitability, specifically focusing on their AI program Clover Assistant.
After two years of poor performance within the ACO REACH program, Clover Health is exiting.
While the company will fulfill its obligations to the program for the rest of the performance year, after that it will move...
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