Record Revenue Growth
Astrana Health reported total revenue of $665.2 million in Q4, an 88.4% increase year-over-year, and $2.03 billion for the full year 2024, marking a 47% increase from the prior year.
Significant Membership Growth
The company achieved 55% membership growth in its Care Partners segment in 2024, driven by conversions, acquisitions, and organic efforts.
Strategic Acquisitions
Astrana announced the acquisitions of Collaborative Health Systems (CHS) and Prospect Health, which are expected to significantly expand its provider network and enhance care quality.
Operational Excellence and AI Investments
Astrana made significant investments in automation and AI enhancements, anticipating $10 million in operational efficiencies by early 2026.
Positive Medicare Advantage Rate Outlook
Expectations for Medicare Advantage rates were more favorable than the industry average, aligning with early indications from the 2026 Advanced Rate Notice.