At a Glance

  • Revenues flat
  • Increased interest in stock end of quarter; price not yet impacted
  • 2019 focus on Medicaid margin improvement 

Rolling 12 months financials

Stock Performance

Earnings Call Summary

Latest available call date: 2/5/2019

  • Full year revenues grew 24% YOY. EPS grew by 41%.
  • YOY, same quarter revenues grew 29%.
  • Emphasized support for CMS moves towards state flexibility via 1115 waivers
  • Entered 3 new exchange markets. Now has 1.5M exchange members after 500k increase.
  • Medicaid renewals in AZ, FL, WA and KS. 2 new wins in NM and IA.
  • FL win now statewide for physical and behavioral health.
  • Medicaid win rate now at 80%.
  • Emphasized MA, with special focus on Fidelis (NY) acquisition.
  • PA rollout for LTSS in southeast region began Jan. 3rd and final zone expected to complete Jan 2020.
  • NC win in 2 regions as part of only provider-sponsored plan (Carolina Complete Health). Partnership with FQHCs and NC Medical Society.
  • Mentioned pass-through payments challenges in CA markets.
  • Launched 15 clinics for low income members paired with staff with expertise in addressing social determinants.
  • Projecting better margins in Medicaid business for 2019.