agilon health Q1 2022 Earnings Report
Key Takeaways
agilon health reported a 58% increase in revenue, driven by a 51% growth in Medicare Advantage membership. The company's medical margin increased by 66%, and net income was $1 million, a significant improvement from the previous year's net loss of $15 million.
Total revenue increased by 58% to $653 million compared to Q1 2021.
Total members on the agilon platform reached 342,000, including 250,000 Medicare Advantage members.
Net income was $1 million, a significant improvement from the $15 million net loss in Q1 2021.
Medical margin increased by 66% to $86 million.
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agilon health Revenue by Segment
Forward Guidance
Agilon health provided outlook for the second quarter and full year 2022, including expectations for Medicare Advantage members, Direct Contracting members, total members, total revenues, medical margin, and adjusted EBITDA.