agilon health Q2 2023 Earnings Report
Key Takeaways
agilon health reported a 71% increase in revenue to $1.15 billion, a 57% increase in Medicare Advantage membership to 408,900, and growth in total members live on the agilon platform to 495,900.
Total members live on the agilon platform increased to 495,900 as of June 30, 2023, including 408,900 Medicare Advantage members and 87,000 ACO REACH beneficiaries.
Medicare Advantage membership increased 57%, with 9% growth in same geographies.
Total revenue of $1.15 billion increased 71% during the second quarter 2023 compared to $670 million in the second quarter 2022.
Gross Profit of $57 million in the second quarter 2023, compared to $34 million in the second quarter 2022.
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agilon health Revenue by Segment
Forward Guidance
agilon health provided outlook for the third quarter 2023.
Revenue & Expenses
Visualization of income flow from segment revenue to net income