LAS VEGAS, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Alignment Health Plan, an award-winning Medicare Advantage plan from Alignment Health, has been named to U.S. News & World Report's 2025 Best Insurance Companies for Medicare Advantage (MA) Honor Roll in Nevada. With nearly 100 MA plans available in Nevada, Alignment is one of only 5 MA insurers in the state to earn the "Best" ranking badge, which recognizes insurers with a U.S. News rating above 3.8 on a 5-point scale.1 To calculate its 2025 rankings, U.S. News ...

Financial Data and Key Metrics Changes - Health plan membership reached 182,300 members, representing approximately 58% year-over-year growth, surpassing the year-end guidance of 178,000 to 180,000 members [7][26] - Total revenue for Q3 2024 was $692 million, growing approximately 52% year-over-year, and 62% excluding ACO REACH, marking the highest revenue growth quarter as a publicly traded company [8][27] - Adjusted gross profit was $81 million, with a consolidated Medical Benefit Ratio (MBR) of 88.4%, leading to adjusted EBITDA of positive $6 million for the quarter [8][31] - For the full year 2024, revenue is expected to be between $2.67 billion and $2.68 billion, with adjusted gross profit between $282 million and $297 million [34] Business Line Data and Key Metrics Changes - The Care Anywhere clinical model contributed to managing care and controlling costs while achieving nearly 60% membership growth year-over-year [11] - 98% of health plan members are in plans rated 4-stars or above for 2025, with significant performance in California HMO contracts [12][13] - Adjusted SG&A for Q3 was $75 million, an increase of 8% year-over-year, but as a percentage of revenue excluding ACO REACH, it declined from 16.2% to 10.8% [30][31] Market Data and Key Metrics Changes - The company is positioned to benefit from CMS's changes that reward health plans delivering better care and value to seniors, creating opportunities for growth [9][10] - The California HMO contract has maintained a 4-star rating for eight consecutive years, while the Nevada and North Carolina contracts retained their 5-star ratings [12][13] Company Strategy and Development Direction - The company is focusing on profitability and directing capital towards markets with the greatest competitive advantage and highest return on investment [19] - For 2025, the company anticipates at least 20% growth and is confident in achieving consensus adjusted EBITDA of approximately $40 million [23][40] - The Medicare Advantage industry is seen as being at an inflection point, requiring population health management capabilities and consumer-centric technology [24] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in maintaining strong star ratings and the ability to manage costs while growing quickly, reinforcing confidence in the 2025 outlook [31][40] - The company is optimistic about the upcoming year, expecting continued growth and margin expansion opportunities [20][40] Other Important Information - The company ended Q3 with $381 million in cash and investments, with expectations for year-end parent cash to be approximately the same or higher [32] - Adjusted EBITDA profitability has been achieved for two consecutive quarters, highlighting the company's ability to manage costs effectively [31] Q&A Session Summary Question: What are the ongoing investments in local market relations with providers and brokers? - The company is investing in provider operations and automating workflows to enhance collaboration with IPAs, aiming for better outcomes [42][44] Question: What factors contributed to the strong membership growth? - The disciplined bid process and investments in member experience have led to significant growth, with a focus on balancing growth and margin [46][48] Question: How does the company view the MLR changes and their impact on 2025? - The company is confident that the elevated MLR in Q4 will not affect their 2025 outlook, as strong utilization performance supports their assumptions [56][57] Question: What is the strategy regarding capitated contracts and Part D? - There are no changes expected in the structure of capitated contracts for 2025, and Part D is anticipated to be a tailwind for overall MLR next year [100][102] Question: How is the company addressing CAHPS scores and access to care? - The company is focusing on improving care routing and access to specialists, integrating IPAs into their workflows to enhance member experience [91][92]

Alignment Healthcare (ALHC) reported $692.43 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 51.6%. EPS of -$0.14 for the same period compares to -$0.19 a year ago. The reported revenue represents a surprise of +4.50% over the Zacks Consensus Estimate of $662.62 million. With the consensus EPS estimate being -$0.14, the company has not delivered EPS surprise. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- ...

Alignment Healthcare (ALHC) came out with a quarterly loss of $0.14 per share in line with the Zacks Consensus Estimate. This compares to loss of $0.19 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this Medicare Advantage insurer would post a loss of $0.14 per share when it actually produced a loss of $0.13, delivering a surprise of 7.14%.Over the last four quarters, the company has surpassed consensus EPS estimates just once.Alignment Healthcar ...

Table of Contents _______________________________________ _______________________________________ Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, par value $0.001 per share ALHC The Nasdaq Stock Market LLC UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 _______________________________________ FORM 10-Q _______________________________________ (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ...

EXHIBIT 99.1 Alignment Healthcare Reports Third Quarter 2024 Results Reports $692.4 million in total revenue, up 51.6% year-over-year Increases Medicare Advantage membership, up 57.7% year-over-year to approximately 182,300 members, beating third-quarter and year-end expectations One of seven Medicare Advantage Prescription Drug contracts nationally to earn 5- out of 5 stars from the Centers for Medicare & Medicaid Services (CMS), with 98% of company's Medicare Advantage members in plans rated 4-stars or hi ...

Reports $692.4 million in total revenue, up 51.6% year-over-year Increases Medicare Advantage membership, up 57.7% year-over-year to approximately 182,300 members, beating third-quarter and year-end expectations One of seven Medicare Advantage Prescription Drug contracts nationally to earn 5- out of 5 stars from the Centers for Medicare & Medicaid Services (CMS), with 98% of company's Medicare Advantage members in plans rated 4-stars or higher for 2025 Raises year-end health plan membership and revenue guid ...

The market expects Alignment Healthcare (ALHC) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on October 29, 2024, might help the stock move higher if these ke ...

ORANGE, Calif., Oct. 18, 2024 (GLOBE NEWSWIRE) -- Alignment Healthcare, Inc. (NASDAQ: ALHC), will release its third quarter 2024 financial results on Tuesday, Oct. 29, 2024, after market close. Following the release, the company will host a conference call to review its financial results at 5 p.m. EDT. Conference Call DetailsA live audio webcast will be available online at https://ir.alignmenthealth.com/. At the start of the conference call, participants may access the webcast at the following link: https:/ ...

ORANGE, Calif., Oct. 11, 2024 (GLOBE NEWSWIRE) -- Alignment Healthcare, Inc. (NASDAQ: ALHC) announced today that 98% of its Alignment Health Plan members are enrolled in plans rated 4 stars or greater by the Centers for Medicare & Medicaid Services (CMS) for 2025. Every year, CMS evaluates Medicare Advantage plans based on a 5-star rating – with 5 stars representing “excellent” performance – to help Medicare beneficiaries compare health plans based on quality and performance. “Achieving these high star rati ...