agilon health(US:AGL)2021-09-10 18:03Company Overview - Agilon Health partners with independent physician groups to unlock Medicare Advantage growth and value-based care[5] - The company has exclusive partnerships spanning 20 years[5] - Agilon has expanded to 17 diverse geographies, including both live and implementing markets[5, 39] - The company supports over 230,000 Medicare Advantage members across live and implementing markets[5] - Agilon's model includes over 50,000 Direct Contracting members across 5 Direct Contracting Entities[5] - Agilon Health reported $1.2 billion in revenue for 2020, demonstrating a 60% CAGR from 2018-2020[5] Financial Performance and Outlook - Agilon anticipates total revenue between $450 million and $453 million for the quarter ending September 30, 2021[60] - The company projects full-year 2021 revenue to be between $1.81 billion and $1.82 billion[60] - Agilon expects an Adjusted EBITDA loss between $(41) million and $(38) million for the full year 2021, weighted towards the fourth quarter[60] Market Opportunity - The total Medicare beneficiary market is projected to reach 70.3 million with $1.25 trillion in patient spend by 2025[31] - Medicare beneficiaries attributed to independent PCPs are projected to reach 30.4 million with $389 billion in patient spend by 2025[31] - Agilon's Total Addressable Market (TAM) within existing and prioritized geographies is rapidly expanding at an 8% CAGR[34]