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.
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.
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