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Mar 31, 2024
agilon health Q1 2024 Earnings Report
agilon health reported first quarter results in line with guidance, with revenue increasing by 52% and Medicare Advantage membership increasing by 43%.
Key Takeaways
agilon health's first quarter results showed revenue of $1.6 billion, a 52% increase year-over-year, and a 43% increase in Medicare Advantage membership. The company is focused on executing its performance action plan to drive profitability and enhance operating efficiency.
Total members on the agilon platform increased to 654,000, including 523,000 Medicare Advantage members and 131,000 ACO model beneficiaries.
Total revenue increased 52% to $1.60 billion compared to $1.05 billion in the first quarter of 2023.
Gross profit increased slightly to $75 million compared to $73 million in the first quarter of 2023.
The company continues to execute its performance action plan, focusing on payor relationships, physician onboarding, data visibility, and operating efficiency.
Revenue by Segment
Forward Guidance
agilon health provided outlook for fiscal year 2024 and second quarter 2024.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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