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agilon health, inc. (NYSE: AGL) is a transformative health care partner dedicated to redefining primary care by enabling physicians with the tools, technology, and support needed to deliver high-quality care. agilon health forms strategic long-term partnerships with physician groups to transition them to a value-based care model, aiming to improve patient outcomes while reducing costs. The company operates a purpose-built platform that supports over 3,000 primary care physicians (PCPs) across more than 30 communities, providing care to over 700,000 senior patients.
agilon health’s core business revolves around empowering physicians to create a Medicare-centric, globally capitated line of business. The company derives its revenue from providing medical services under full-risk contracts, which aligns financial incentives with patient health outcomes. agilon health has demonstrated significant growth, achieving a 75% increase in revenue to $1.22 billion, with Medicare Advantage membership surging by 58% to 420,300 members.
The company's recent achievements include the publication of a peer-reviewed study on its value-based palliative care program, showcasing improved patient-centered outcomes. Additionally, agilon health has successfully expanded its Physician Network with new partnerships in Kentucky, Minnesota, Illinois, and North Carolina, further solidifying its presence in the U.S. healthcare market.
Financially, agilon health has shown resilience and adaptability. Despite challenges, the company has maintained strong revenue growth and continues to make progress in executing its targeted action plans to drive profitability and enhance operational efficiency. agilon health’s balance sheet reflects a solid financial position, with significant cash reserves and manageable debt levels, positioning the company for sustained growth and long-term success.
agilon health stands out in the healthcare sector by focusing on a value-based care model that prioritizes patient health over service volume. This approach not only benefits patients but also supports physicians in maintaining their independence and achieving better health outcomes for their patients.
Agilon health reported strong financial and operational results for the first quarter of 2024, with revenue increasing by 52% to $1.6 billion and Medicare Advantage membership growing by 43% to 523,000. The company continues to focus on driving profitability and enhancing operating efficiency while maintaining its full-year guidance for Medical Margin and Adjusted EBITDA. Agilon health is making progress on its performance action plan to improve performance and support growth in Adjusted EBITDA in 2024 and beyond. The company also announced new partnerships with leading physician groups, expanding its presence in several states. With a solid capital position and positive outlook for the fiscal year, agilon health is poised for continued success.
agilon health (AGL) has announced new physician partnerships with five leading practices to transition to a full-risk, value-based care model. This expansion will include over 3,000 primary care physicians reaching 700,000 senior patients in 30+ communities. The partnerships will enhance the quality of care for senior patients and further agilon's mission of transforming healthcare delivery.
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