MultiPlan Corporation - MPLN STOCK NEWS

MultiPlan Corporation (NYSE:MPLN) announced the appointment of Carol Nutter as Chief People Officer. Nutter will lead the company’s recruitment, talent management, and employee engagement strategies while focusing on diversity, equity, inclusion, and upskilling initiatives. CEO Dale White expressed enthusiasm about her expertise enhancing talent acquisition. With over 20 years of experience, Nutter previously served at Optoro, driving talent retention during significant growth. MultiPlan boasts a workforce of over 2,500 and earned a Great Places to Work Certification for 2022-2023, with over 85% employee satisfaction.

MultiPlan Corporation (NYSE:MPLN) has announced the recipients of its 2022 Rural Health Grant, awarding grants to Cimarron Memorial Hospital in Oklahoma and Cheyenne County Hospital in Kansas. Both hospitals presented innovative proposals utilizing technology to enhance healthcare delivery in their communities. This grant program, established in 1995, supports rural healthcare improvements. The funding will assist in launching a mobile telehealth unit and expanding behavioral health services for older adults, demonstrating the potential of technology in addressing rural healthcare needs.

MultiPlan Corporation (NYSE:MPLN) has announced a settlement agreement to resolve a consolidated class action lawsuit that has been ongoing since March 2021. The lawsuit relates to the company's business combination transaction completed on October 8, 2020. Under the settlement, MultiPlan and its insurers will pay $33.75 million, which will be covered by the company’s indemnification obligations and D&O insurance. Although the defendants deny any wrongdoing, the settlement aims to conclude current shareholder litigation. Court approval is pending, with expectations for finalization in the first half of 2023.

MultiPlan Corporation (NYSE:MPLN) has announced its participation in the BofA Securities 2022 Leverage Finance Conference on November 29, 2022, at the Boca Raton Resort, Boca Raton, FL. The event will feature members of MultiPlan's management team, and a live webcast along with an audio archive will be available through the investor relations section of their website. MultiPlan offers data analytics and cost management solutions to the U.S. healthcare industry and serves over 700 healthcare payors.

MultiPlan Corporation (NYSE:MPLN) announces its participation at the NHCAA Institute for Health Care Fraud Prevention’s Annual Training Conference on November 17, 2022, in Orlando, FL. Chief Data Scientist Ben Perryman and Chief Medical Officer Evan Pollack will present on merging artificial intelligence and human intelligence to enhance payment integrity. The discussion will focus on avoiding pitfalls in AI implementation and showcasing successful case studies. MultiPlan is a Platinum Sponsor of the event, which aims to combat healthcare fraud and improve industry practices.

MultiPlan Corporation (NYSE: MPLN) reported Q3 2022 revenues of $250.5 million, a 13.1% decrease year-over-year, primarily due to lower patient utilization of healthcare services. Net income fell by 74.8% to $19.7 million, and adjusted EBITDA decreased by 21.2% to $172.2 million. The company updated its full-year revenue guidance to $1,075 million to $1,090 million. MultiPlan identified approximately $5.3 billion in potential medical cost savings while processing about $31.4 billion in claim charges, reflecting an estimated $15-20 million COVID-related revenue impact for 2022.

MultiPlan Corporation (NYSE:MPLN) announced that Susan Mohler, Senior VP of Marketing & Product Management, will speak at the Texas Covered Health Care Conference on November 8, focusing on the impact of the No Surprises Act on payors. The panel discussion will cover how health plans are adapting to new regulations and improving patient experience through data and technology. MultiPlan, a key player in healthcare cost management, is a Platinum Sponsor of the event, which connects industry decision-makers across Texas.

MultiPlan Corporation (NYSE:MPLN) announced the release of its third quarter 2022 financial results on November 8, 2022, at 8:00 a.m. Eastern Time. Investors and analysts are invited to pre-register for the conference call, which will also be accessible via a live webcast. The call aims to provide insights into the company’s financial performance, utilizing data analytics and technology to support healthcare payors. MultiPlan serves over 700 healthcare payors, improving cost management and enhancing competitiveness in the U.S. healthcare market.

MultiPlan Corporation (NYSE:MPLN) is offering a $40,000 grant to support rural healthcare providers aiming to enhance local health services. Eligible applicants include hospitals and clinics within MultiPlan’s networks. Applications must be submitted by October 28, 2022, with recipients announced in November. The grant program, initiated in 1995, has previously funded initiatives like food pharmacies and telemedicine. For more details, visit MultiPlan’s website.