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Sep 30, 2020
Multiplan Q3 2020 Earnings Report
Reported strong consecutive quarterly growth and executed its MultiPlan 3.0 growth strategy.
Key Takeaways
MultiPlan reported strong consecutive quarterly growth and performed better than anticipated amidst the pandemic. The company processed a record $27.8 billion in claims during the third quarter, identifying potential savings of approximately $4.8 billion.
Reported positive quarterly growth in both revenues and adjusted EBITDA.
Processed a record $27.8 billion in claims, identifying potential savings of approximately $4.8 billion.
Completed a comprehensive refinancing program with projected annual interest expense savings of approximately $70 million.
Increased the revolving credit facility to $450 million from $100 million to provide additional financial flexibility.
Forward Guidance
For the fiscal fourth quarter ending December 31, 2020, the Company expects:
Historical Earnings Impact
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Avg. Return Before/After Earnings
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