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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, inc. (NYSE: AGL) has announced a long-term partnership with Holland PHO to enhance value-based health care for seniors in West Michigan. This collaboration aims to create a comprehensive value-based care model across community physician groups, improving access and operational efficiency. The partnership will leverage agilon's Total Care Model, which emphasizes quality over the volume of care, to meet the complex needs of elderly patients. Holland PHO is already connected with 50 primary care physicians and aims to join agilon's network, which includes over 2,700 primary care providers.
agilon health has announced a long-term partnership with Premier Health to enhance care for senior patients through a value-based Total Care Model. This collaboration aims to improve patient outcomes and streamline the healthcare experience starting in 2024. Premier Health, one of Ohio's largest health care systems, will join agilon's network, contributing to its expansion in Ohio. The partnership is expected to support over 2,700 primary care physicians to provide high-quality, cost-effective healthcare.
agilon health, inc. (NYSE: AGL) will host its 2023 Investor Day in New York City on Thursday, March 30, 2023, starting at 9:00 AM ET. The event will feature presentations from the executive leadership team focusing on the company's strategic priorities, growth drivers, and financial outlook. Investors can access a live webcast and supporting materials on agilon's Investor Relations website. The firm, dedicated to empowering physicians and transitioning to a value-based care model, is committed to enhancing healthcare quality for senior patients across 25 communities. For further information, visit www.agilonhealth.com.
Agilon Health, Inc. (NYSE: AGL) reported a remarkable 49% revenue increase to $690 million for Q4 2022 compared to Q4 2021. The company's Medicare Advantage membership surged by 45% to 269,500 members, and its medical margin saw a stunning 93% rise to $61 million.
For the fiscal year 2022, total revenue reached $2.71 billion, a 48% increase year-over-year. Despite a net loss of $57 million in Q4, it improved significantly compared to a net loss of $407 million in 2021. 2023 guidance indicates an expected Adjusted EBITDA of $75 million to $90 million and continued member growth.
agilon health (NYSE: AGL) has acquired mphrX, a leading provider of value-based care technology, for $45 million. This acquisition, finalized on February 28, 2023, enables agilon to enhance its technological capabilities through the Minerva Healthcare Data Platform, aiming to improve partner support and accelerate transitions to value-based care. The integration will facilitate quicker onboarding of partners and improve access to patient data, ultimately aiming to enhance patient outcomes and reduce costs. However, agilon does not expect mphrX to impact its Adjusted EBITDA significantly in 2023.
agilon health inc. (AGL) has partnered with Family Practice Center, PC (FPC), the largest independent primary care physician group in Central Pennsylvania, to implement a full-risk, value-based care model for Medicare patients starting in 2024. This partnership aims to enhance patient outcomes and enable FPC to provide affordable, high-quality care to over 200,000 patients across 42 locations. According to FPC's CEO, Benjamin Williard, the value-based approach aligns with their mission to serve rural and underserved communities. agilon's Total Care Model is set to empower primary care physicians while focusing on the holistic health of senior patients.
Agilon Health (NYSE: AGL) has appointed Diana McKenzie as an independent board director, effective immediately. McKenzie brings over 30 years of leadership experience in healthcare and technology, previously serving as CIO at Workday and holding roles at Amgen and Eli Lilly. Her expertise in digital transformation and risk management is expected to enhance Agilon's value-based care model, aiming to empower primary care physicians in improving patient outcomes and reducing costs. The board believes her insights will drive the company’s future growth.
agilon health and Central Ohio Primary Care (COPC) have announced the launch of a new Advanced Practice Provider (APP) fellowship program aimed at newly graduated Nurse Practitioners and Physician Assistants. This 12-month program, starting in May 2023, focuses on senior care and aims to develop clinical skills in a collaborative environment. The fellowship includes specialty rotations, management training, and leadership development unique to value-based care. The partnership highlights the importance of preparing healthcare providers to meet the complex needs of seniors as the population grows.
agilon health inc. (NYSE: AGL) has partnered with Lexington Clinic to convert its primary care delivery to a full-risk, value-based model starting in 2024, enhancing care for Central Kentucky Medicare patients. Lexington Clinic, Central Kentucky's largest multi-specialty group with over 200 providers, aims to innovate healthcare access in the region. This partnership reflects a growing trend among primary care physicians toward prioritizing quality and outcomes for Medicare patients. Currently, agilon collaborates with 23 physician groups in 12 states, focusing on senior patients through its Total Care Model.
Agilon Health, Inc. (NYSE: AGL) will release its financial results for Q4 and full year 2022 after market close on March 1, 2023. A conference call to discuss the results will be held at 4:30 PM ET. U.S. participants can join by calling (844) 200-6205, while international participants can dial +1 (929) 526-1599. The call can also be accessed via a webcast. Additionally, Agilon will participate in Cowen and Company’s 43rd Annual Health Care Conference on March 8, 2023.
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