Fierce Healthcare May 8, 2024
NeueHealth (formerly known as Bright Health), eked out a positive net income from continuing operations and adjusted EBITDA during the first quarter, a reversal of its performance back in early 2023.
The oft-embattled company recorded $5.6 million in net income after removing discontinued operations as well as $2.5 million in adjusted EBITDA.
However, total net income for the quarter was a loss of $28.5 million. NeueHealth racked up $242 million in revenue, a 18% decrease year over year. The company also announced a loss per share of $3.53, an improvement from the $23.68 loss in the first quarter of 2023.
CEO G. Mike Mikan used the earnings call—which had only one analyst in attendance to ask questions—to emphasize the company...
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