Agilon health, inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
October 28, 2021 at 04:32 pm EDT
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agilon health, inc. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported revenue was USD 458.61 million compared to USD 312.68 million a year ago. Net loss was USD 35.84 million compared to USD 11.83 million a year ago. Basic loss per share from continuing operations was USD 0.09 compared to USD 0.04 a year ago.
For the nine months, revenue was USD 1,370.67 million compared to USD 897.33 million a year ago. Net loss was USD 349.77 million compared to USD 35.84 million a year ago. Basic loss per share from continuing operations was USD 0.95 compared to USD 0.07 a year ago.
agilon health, inc. is a healthcare company. It enables primary care physicians (PCP) to be the agents for change in the communities they serve. Through its combination of the agilon platform, a long-term partnership model with existing physician groups and a growing network of like-minded physicians, it offers healthcare for seniors across communities throughout the United States. Its model operates by primarily forming risk-bearing entities (RBEs) within local geographies, that enter into arrangements with payors providing for monthly payments to manage the total healthcare needs of its physician partnersâ attributed patients (or global capitation arrangements). It focuses on community-based physician groups and is built around three key elements: agilonâs platform, agilonâs long-term physician partnership approach, and agilonâs network. The agilon platform is holistic in supporting the rapid transition to a Total Care Model with technology, people, process and capital.