Becker's Healthcare August 23, 2024
Clover Health does not have direct competitors, CFO Peter Kuipers says.
“We don’t really have a direct competitor, or peer, the way we approach a health plan,” Mr. Kuipers told Becker’s. “We do, of course, have competition. But if you just look at a plan basis, the technology [we use] is not available. They’re not used by competitors.”
Founded in 2014, the company reported its first-ever profitable quarter in July. “Scaling and maturing” is the driving force behind Clover’s improving financial results, Mr. Kuipers said.
The Tennesee-based insurer has around 80,000 Medicare Advantage members. Clover Health executives have said the company’s technology and focus on PPO-plans have built it to withstand the headwinds facing Medicare Advantage.
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