Bright Health Group, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 07, 2023 at 06:48 am EST
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Bright Health Group, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was USD 269.4 million compared to USD 193.36 million a year ago. Net loss was USD 633.9 million compared to USD 316.84 million a year ago. Basic loss per share from continuing operations was USD 72.52 compared to USD 20.41 a year ago. Basic loss per share was USD 81.03 compared to USD 41.48 a year ago.
For the nine months, revenue was USD 867.93 million compared to USD 523.47 million a year ago. Net loss was USD 921.74 million compared to USD 786.74 million a year ago. Basic loss per share from continuing operations was USD 90.36 compared to USD 52.55 a year ago. Basic loss per share was USD 120.61 compared to USD 103.6 a year ago.
NeueHealth, Inc. is a value-driven healthcare company. The Companyâs segments include NeueCare and NeueSolutions. NeueCare segment is a value-driven care delivery business that manages risk in partnership with external payors and serves all populations across the ACA Marketplace, Medicare, and Medicaid. NeueCare delivers in-person and virtual clinical care through its 73 owned primary care clinics within an integrated care delivery system. Its integrated system of care includes embedded pharmacy, laboratory, radiology, and population health focused specialty services. It offers a one-stop-shop for consumers providing primary care, behavioral health, rotating specialties, pharmacy, radiology, and laboratory services, many times at a single location. NeueSolutions segment is a provider enablement business that includes a suite of technology, services, and clinical care solutions that empower providers. NeueSolutions serves approximately 62,000 value-based care consumers.
NEUEHEALTH, INC. 
