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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 has appointed Denise Zamore as its first Chief Legal Officer and Secretary, effective August 1, 2022. She brings over 15 years of legal experience in the healthcare sector, previously serving at Optum and United Healthcare. Zamore will be an integral part of the executive leadership team, reporting to CEO Steve Sell. This new role aims to bolster Agilon's legal framework as it undergoes rapid organizational growth.
agilon health, inc. (NYSE: AGL) will present at the William Blair 42nd Annual Growth Stock Conference on June 8 at 9:40 AM Eastern Time. Investors can access the presentation via a webcast available on agilon's investor relations website. The company focuses on empowering physicians to improve health outcomes through a value-based care model, facilitating independence and enhancing community health through its technology and support services.
Agilon Health reported a remarkable 58% revenue growth in Q1 2022, totaling $653 million, driven largely by a 51% increase in Medicare Advantage membership. The company’s total live members on its platform grew to 342,000, with 250,000 being Medicare Advantage members. A significant 66% rise in medical margin was noted, amounting to $86 million. This quarter also marked a return to profitability with a net income of $1 million, contrasting a net loss of $15 million a year prior. Adjusted EBITDA improved to $12 million from $4 million.
agilon health (NYSE: AGL) has partnered with United Physicians, one of Michigan's largest independent physician organizations, to transform primary care for Medicare Advantage patients in Southeast Michigan. This long-term partnership aims to implement a full-risk value-based care model, improving health outcomes and the patient experience. United Physicians, representing over 1,900 providers, is committed to high-quality, coordinated care. agilon health, with partnerships across the country, seeks to advance value-based care, ensuring better healthcare delivery for senior patients.
agilon health, inc. (NYSE: AGL) announced its participation in the BofA Securities 2022 Healthcare Conference. The event will feature a fireside chat on Wednesday, May 11, at 1:00 PM Eastern Time. Investors can access a live webcast of the presentation through the Events & Presentations section of agilon's investor relations website. Following the event, a replay will be available. agilon health partners with physicians to promote a value-based model for senior care, enhancing community health.
agilon health, inc. (NYSE: AGL) will release its financial results for Q1 2022 after market close on May 5, 2022. A conference call will follow at 5:00 PM Eastern Time to discuss these results. Participants can join by dialing (844) 200-6205 for U.S. callers or +1 (646) 904-5544 for international access, using participant code 757732. The call will also be available via webcast on the company’s Investor Relations website. agilon health empowers physicians to transition to a value-based care model, focusing on improving health outcomes for seniors.
agilon health has partnered with MaineHealth, marking a significant step in integrating healthcare for Medicare Advantage patients in northern New England. This collaboration is projected to enhance the primary care delivery system, improving outcomes for over 80,000 new Medicare members.
The partnership will expand agilon’s network, encompassing 23 physician groups across 12 states, with a total of over 2,200 primary care physicians.
Implementation has commenced, with the finalized agreement expected by Q2 2022.
Agilon Health (NYSE: AGL) reported a 44% revenue growth in Q4 2021, totaling $463 million, with a 50% increase for the fiscal year, reaching $1.83 billion. The total number of members on the Agilon platform surged 82% to 238,000, driven by a 42% rise in Medicare Advantage membership. Despite these gains, the company faced a net loss of $57 million in Q4, up from $24 million in Q4 2020, and a fiscal year net loss of $407 million, primarily due to stock-based compensation. Looking ahead, Agilon expects continued membership and revenue growth for 2022.
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Agilon Health (NYSE: AGL) will hold its inaugural investor day in New York City on March 11, 2022, starting at 9:00 AM ET. The event will feature presentations and Q&A sessions led by the executive leadership, focusing on the company's strategic priorities, growth drivers, and financial outlook. Additionally, the company will report its fourth quarter and fiscal year 2021 results on March 3, 2022, after market close, with a conference call scheduled for March 4, 2022, at 8:30 AM ET.
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