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Sep 30, 2022
GoHealth Q3 2022 Earnings Report
GoHealth's third quarter results for 2022 were announced, revealing a decrease in net revenue and an increased net loss compared to the prior year period, but positive trends were noted with the Encompass solution.
Key Takeaways
GoHealth's Q3 2022 results showed a 37% decrease in net revenue to $133.1 million and a net loss of $74.7 million, compared to a net loss of $55.5 million in the prior year period. However, the company is focusing on its Encompass solution and reported a 70% higher conversion rate during the Annual Enrollment Period.
GoHealth is focusing on the fundamentals of the business and aiming to put the beneficiary at the center of everything they do.
Meaningful progress is being made on the company's transformation through strategic initiatives and diversification into Encompass.
Positive cash flow trends are expected to continue as the company leans further into its Encompass solution.
GoHealth is leveraging its Encompass solution, health plan relationships, proprietary technology, and experienced sales agents to solve industry challenges and act as a trusted partner to beneficiaries.