The company has not filed an annual or quarterly report since its FY2022 10-K, filed Feb 22, 2023. Its latest SEC filing is a 15-12G from Mar 6, 2023.
10-K for FY2022, filed Feb 22, 2023
The sections below describe the company as of the FY2022 annual report.
Provided membership-based primary care through digital and in-office services to consumers, employers, and health networks.
10-K for FY2022, filed Feb 22, 2023
Received monthly payments from Medicare Advantage payers and the Centers for Medicare & Medicaid Services for managing members’ care; also received payments from health networks and employers for clinical services, fees from insurers and patients when care was delivered, and membership fees collected in advance and spread over the membership term.
10-K for FY2022, filed Feb 22, 2023The Company receives a per member per month (“PMPM”) fee under At-Risk arrangements, which refers to a model in which the Company receives…View ↗
The Company considers its obligation to provide healthcare services to all enrolled members under a given contract as a single performance…View ↗
While the Company can receive either fixed or variable fees from its enterprise clients (i.e., stated fee per employee per month) for…View ↗
Net fee-for-service revenue is generated from providing primary care services pursuant to contracts with the Company's Consumer and…View ↗
Membership revenue is generated from annual membership fees paid by consumer members and from enterprise clients who purchase access to…View ↗
$1B
10-K for FY2022, filed Feb 22, 2023
$1B ↗
Individuals enrolled directly; employers bought memberships for employees through its sales team and channel partners. Health systems and public and private payers contracted for integrated care; Medicare prospects were reached through agents, brokers, and telesales vendors.
10-K for FY2022, filed Feb 22, 2023We have developed a modernized healthcare membership model based on direct consumer enrollment and third-party sponsorship across…View ↗
Health Networks. Health networks partner with us for consumer-driven care, direct-to-employer relationships, coordinated networks of…View ↗
Our in-house enterprise sales force is organized by geography and customer size. To support our sales force, we segment market data to help…View ↗
We also work with channel partners such as health plans, payroll, and professional employer organizations to reach enterprise clients…View ↗
Our growth strategy to the Medicare population is focused on balancing brand awareness and lead generation through paid media, organic…View ↗
We also deploy a field sales team who manages community outreach and local presence. This team works with agents and brokers to educate…View ↗
No. It lost $397.8M in FY2022.
10-K for FY2022, filed Feb 22, 2023
−$419.7MView ↗
10-K for FY2022, filed Feb 22, 2023
−$397.8MView ↗
10-K for FY2022, filed Feb 22, 2023
−$285.5MView ↗
Grew. Revenue grew 4.9x in 4 years, from $212.7M in FY2018 to $1B in FY2022, about 49% a year.
Expanded into Medicare care
The earlier description centered on working-age, commercially insured members; the latest also described Medicare members whose care and costs it managed under at-risk arrangements.
10-K for FY2019, filed Mar 27, 2020 10-K for FY2022, filed Feb 22, 2023We believe our model is highly scalable. We are physically present in nine markets today, including Boston, Chicago, Los Angeles, New York…View ↗
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