Financial Data and Key Metrics Changes - NeueHealth reported consolidated revenue of 232.9millionforQ32024,withanadjustedEBITDAof9.4 million, marking the company's best quarterly financial performance to date [16][6] - Year-to-date adjusted EBITDA reached 17million,aligningwiththefull−yearguidancerangeof15 million to 25million[7][23]−Thecompanyservedapproximately509,000consumersintotal,exceedingthefull−yearguidancerangeandrepresentingover3083.9 million with an operating income of 16.4million,servingapproximately347,000value−basedconsumers[18][19]−TheNeueSolutionssegmentgenerated152 million in revenue, with an operating loss of 5.8million,whichincludedpaymentstotheNeueCaresegment[19][20]−TheACOReachbusinessservedapproximately43,000Medicarebeneficiaries,focusingoncaremanagementandpatientengagementinitiatives[21]MarketDataandKeyMetricsChanges−ThecompanyisexpandingitsfootprintinCentralFlorida,increasingthenumberofconsumersservedacrossownedandaffiliatedclinics[10]−ThereisafocusongrowingtheMedicaidpopulationservedinpartnershipwithfederallyqualifiedhealthcenters[9]CompanyStrategyandDevelopmentDirection−Thecompanyaimstodiversifyandgrowitsconsumerbaseacrossallproductcategories,includingtheACAMarketplace,Medicare,andMedicaid[8]−Plansincludedrivingcapital−efficientgrowthinexistingandnewmarketsbyleveragingrelationshipswithpayerpartners[9]−TheacquisitionofCentrumHealthaimstosimplifycorporatestructureandenhancethevalue−drivenconsumer−centriccaremodel[13]Management′sCommentsonOperatingEnvironmentandFutureOutlook−Managementexpressedconfidenceincontinuedsuccessandgrowthin2025,supportedbystrongrelationshipswithpayerpartnersandadiversifiedconsumerbase[8][28]−Thecompanyiswell−positionedtoadvanceitsmodelanddrivestrategicgrowth,withexpectationstofinishtheyearstrong[27][29]OtherImportantInformation−ThewinddownoftheACAinsurancebusinessisproceedingasplanned,withapproximately123 million in cash available for remaining medical costs [22] - Total cash and investments as of September 30, 2024, were 242.3million,withnonregulatedcashat119.2 million [23] Q&A Session Summary Question: What is the outlook for the ACA insurance business? - The wind down is continuing as planned, with capital retrieval from discontinued entities ongoing [22] Question: How does the company plan to grow in new markets? - The company will leverage strong relationships with payer partners to explore growth opportunities [9][28] Question: What are the expectations for consumer growth in 2024? - The company anticipates serving between 475,000 and 500,000 consumers across both segments, aiming for the high end of this range [24]
