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Signify Health, Inc.

signifyhealth.com

No Longer Reporting

The company has not filed an annual or quarterly report since its FY2022 10-K, filed Feb 27, 2023. Its latest SEC filing is a 15-12G from Apr 10, 2023.

The sections below describe the company as of the FY2022 annual report.

What Did They Do?

Provides in-home health evaluations and related care services for health plans, and tools and services for healthcare providers participating in value-based payment programs.

How Did They Make Money?

Health plans are billed monthly for fixed-fee evaluations once they are completed and coded. ACO clients pay fixed or per-member fees for services over time, and Signify receives a contracted share of savings when earned, collected annually.

FY2022 revenue

Who Were Their Customers?

Customers are mainly health plans and providers: Medicare Advantage plans and managed Medicaid organizations use evaluation services, while providers use MSSP ACO services; non-MSSP ACO services are for health plans and providers.

Did Revenues Turn Into Profits?

No. It lost $576.8M in FY2022.

Operating income, FY2022
10% of revenue
▲ +5% vs FY2021 ($76.1M, 12%)
Net income, FY2022
−72% of revenue
▼ Now a loss vs FY2021 ($9.9M, 2%)

How Were They Changing?

Since the FY2022 annual report
  • Mar 29, 2023 Signify Health became a wholly owned subsidiary after its merger The merger closed, and the company requested delisting from the NYSE.

Who Did They Compete With?

Competes with Matrix Medical Network, UnitedHealth, Aledade, Collaborative Health Systems, Evolent Health, Vytalize Health, Stellar Health, Equality Health, Physicians of Southwest Washington, Innovaccer, Arcadia, Cedar Gate, Premier, Imperium Health, Main Street Health, and Hometown Health Centers

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