Alignment Healthcare, Inc. ( (ALHC) ) has realeased its Q3 earnings. Here is a breakdown of the information Alignment Healthcare, Inc. presented to its investors.
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Alignment Healthcare, Inc. is a California-based company that specializes in providing Medicare Advantage plans, focusing on delivering high-quality, low-cost care through partnerships with local providers and advanced technology.
In its third-quarter 2024 earnings report, Alignment Healthcare reported a significant revenue increase to $692.4 million, marking a 51.6% growth year-over-year. The company also saw a substantial rise in its Medicare Advantage membership, up by 57.7% to approximately 182,300 members, surpassing expectations.
Key financial highlights include an adjusted gross profit of $80.5 million and a net loss of $26.4 million. The company achieved a noteworthy 5-star rating from the CMS for one of its Medicare contracts, with 98% of its members in plans rated 4 stars or higher for 2025. This performance reflects Alignment Healthcare’s successful strategy of integrating high-quality care delivery with cost management.
Looking ahead, the company has raised its year-end health plan membership and revenue guidance while narrowing its full-year adjusted gross profit and adjusted EBITDA forecasts. Alignment Healthcare remains confident in its platform’s capability to provide superior care at an affordable cost, aiming for long-term value creation for both its members and shareholders.
