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Sep 30, 2021
agilon health Q3 2021 Earnings Report
agilon health reported a 47% increase in revenue, driven by a 43% growth in Medicare Advantage membership.
Key Takeaways
agilon health announced its Q3 2021 results, featuring a 47% increase in total revenue to $459 million, driven by a 43% growth in Medicare Advantage membership. Total members on the agilon platform increased by 83% year-over-year to 236,500. The company updated its full-year 2021 guidance for membership, revenue, and Adjusted EBITDA and expects total membership in 2022 to grow by more than 45%.
Total revenue increased 47% year-over-year, reaching $459 million.
Medicare Advantage membership grew by 43% compared to the previous year.
Total membership on the agilon platform increased by 83% year-over-year, totaling 236,500 members.
Net loss was $36 million, compared to a net loss of $12 million in 2020.
Revenue by Segment
Forward Guidance
agilon health raised its 2021 guidance for membership, revenue, and Adjusted EBITDA. The company expects total membership in 2022 will increase by more than 45%, with Medicare Advantage growing over 40%.
Positive Outlook
- Ending MA Members between 185,000 and 186,000
- Ending DCE Members between 50,000 and 52,000
- Total revenues between $1,820 million and $1,825 million
- Adjusted EBITDA between $(40) million and $(37) million
- Total members live on the platform will increase by over 45% on a year-over-year basis during 2022.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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