Welcome to our dedicated page for GoHealth news (Ticker: GOCO), a resource for investors and traders seeking the latest updates and insights on GoHealth stock.
GoHealth, Inc. (NASDAQ: GOCO) is a prominent health insurance marketplace and digital health company based in Chicago, USA. Their core mission is to simplify the complex process of enrolling in health insurance plans, with a special focus on Medicare.
What They Do: GoHealth assists individuals, particularly seniors, in finding the most suitable health insurance plans. Leveraging advanced machine-learning algorithms, GoHealth’s technology platform evaluates customer needs to match them with the best available health insurance policies. This service addresses the confusion and significant out-of-pocket costs that can arise from choosing the wrong plan.
Key Achievements: Since its inception, GoHealth has successfully enrolled millions of people in Medicare and individual and family health plans. The company continually enhances its technology and consumer experience through initiatives like Encompass, a new standardized workflow designed to ensure consistent and efficient consumer interactions.
Recent Developments: On October 19, 2023, GoHealth announced that it would release its third-quarter financial results on November 9, 2023, followed by a live webcast hosted by CEO Vijay Kotte and CFO Jason Schulz. The announcement emphasized the company’s strong year-over-year growth and its focus on improving cash flow from operations and profitability.
The adoption of the Encompass solution is expected to strengthen GoHealth's position in the Medicare market during the Annual Enrollment Period, enhancing both consumer satisfaction and cost efficiency. As of their latest financial results, GoHealth has shown substantial improvements in cash flow and profitability, underscoring their strategic direction and commitment to leveraging technology for better consumer outcomes.
Financial Condition: GoHealth’s financial outlook remains positive, with continued growth in net revenue and Adjusted EBITDA. The company’s financial strategies and technological advancements aim to deliver sustained growth and increased value for shareholders.
Partnerships: GoHealth maintains strong relationships with several health plan partners, ensuring a wide range of options for consumers. These partnerships are critical to the company's ability to offer competitive and comprehensive health insurance solutions.
Products: The primary products offered by GoHealth include Medicare plans, individual and family health insurance plans, and a suite of digital health tools designed to simplify the enrollment process and improve access to healthcare services.
GoHealth, Inc. (NASDAQ: GOCO) reported its Q2 2024 financial results, showing a decline in key metrics. Net revenues decreased to $105.9 million, down $36.9 million from the prior year. Submissions fell 6% to 152,394, with internal captive agents showing growth offset by a decrease in external GoPartner Solutions agents. The company reported a net loss of $59.3 million, an improvement of $10.9 million year-over-year. Adjusted EBITDA was negative $12.3 million, down $13.1 million from the previous year.
Despite challenges, GoHealth remains optimistic about future growth, focusing on technology advancements in AI and automation to enhance efficiency and customer experience. The company anticipates growth in Submission volume, revenue, and Adjusted EBITDA for the second half of 2024, with a particular focus on the upcoming Annual Enrollment Period.
GoHealth, Inc. (NASDAQ: GOCO), a leading health insurance marketplace and Medicare-focused digital health company, has announced it will release its second quarter 2024 financial results on August 8, 2024. The company's CEO, Vijay Kotte, and interim CFO, Katie O'Halloran, will host a conference call and live audio webcast at 8:00 a.m. (ET) on the same day to discuss the results.
Investors and interested parties can access the live audio webcast through GoHealth's Investor Relations website. A replay of the call will be available for on-demand listening shortly after the event concludes. This announcement provides an opportunity for stakeholders to gain insights into GoHealth's financial performance and future outlook.
GoHealth (NASDAQ: GOCO), a prominent health insurance marketplace and Medicare-centric digital health company, announced on July 10, 2024, changes to its Board of Directors.
Alan Wheatley, former President of Medicare at Humana, and Abhiraj Modi, Managing Director at Centerbridge Partners, have joined the Board. They replace Joseph Flanagan and Christopher Litchford.
Wheatley brings over 30 years of Medicare experience, including a senior executive role at Humana. Modi has more than a decade of experience in financial services and healthcare investments at Centerbridge.
Their combined expertise aims to enhance GoHealth's strategic decision-making and commitment to transforming the Medicare Advantage industry.
GoHealth (NASDAQ: GOCO), a prominent health insurance marketplace and Medicare-centered digital health firm, will be presenting at the Noble Capital Markets Consumer, Communications, Media, and Technology Emerging Growth Virtual Equity Conference.
The event takes place on June 26, 2024, at 2:00 p.m. Eastern Time. The presentation will be available via live webcast on GoHealth's Investor Relations website, with a replay option provided post-conference.
Levi & Korsinsky announces a settlement in the class action lawsuit against GoHealth (NASDAQ: GOCO), offering $29,250,000 to benefit class members. The class includes purchasers of GoHealth Class A common stock between July 14, 2020, and January 10, 2021. To receive part of the settlement, eligible class members must file a claim form by June 12, 2024. Levi & Korsinsky did not lead the litigation but is reminding class members of the deadline. The firm has a strong track record in securities litigation, securing hundreds of millions for shareholders. For more details and the claim form, visit their website.
Levi & Korsinsky informs shareholders that a settlement has been reached in the class action lawsuit against GoHealth (NASDAQ: GOCO). The settlement fund amounts to $29.25 million for class members, defined as purchasers of GoHealth Class A common stock between July 14, 2020, and January 10, 2021. Eligible class members must file a claim by June 12, 2024, to receive a share of the settlement. Levi & Korsinsky is not lead counsel in this case but reminds shareholders of the deadline. For more information and claim forms, visit their website.
GoHealth (NASDAQ: GOCO) has announced the appointment of Katherine O'Halloran as interim Chief Financial Officer following the resignation of Jason Schulz for personal reasons. O'Halloran, currently the Chief Accounting Officer, brings 30 years of experience in finance and accounting. Schulz will support the transition process until September 1, 2024. GoHealth's CEO, Vijay Kotte, expressed confidence in O'Halloran's ability to lead the finance function during the interim period while the company searches for a permanent CFO. O'Halloran previously served as CFO at VanEnkevort Tug & Barge and held leadership roles at Great Lakes Dredge & Dock
GoHealth (NASDAQ: GOCO), a key player in the health insurance marketplace and Medicare-focused digital health sector, announced it will present at the William Blair Growth Stock Conference on June 5, 2024, at 4:20 p.m. ET. The presentation will be webcast live and accessible via GoHealth’s Investor Relations website, with a replay available post-conference.
GoHealth, Inc. (NASDAQ: GOCO) reported Q1 2024 financial results with net revenues of $185.6 million, a slight increase year-over-year. Submissions increased to 216,148. Net loss improved to $21.3 million. Adjusted EBITDA decreased to $26.9 million. TTM cash flow from operations grew to $101.2 million. Regulatory updates show alignment with CMS guidelines. CEO and CFO optimistic about consumer-centric approach and long-term profitability.
GoHealth, Inc. to present at the RBC Capital Markets Global Healthcare Conference on May 15, 2024, at 2:05 p.m. Eastern Time. The presentation will be accessible via a live webcast and a replay will be available on GoHealth's Investor Relations website.
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