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New words:
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Financial report summary
?Competition
Humana • Unitedhealth • Centene • Elevance Health • Molina Healthcare • Oscar Health Inc - Ordinary Shares • Cigna Group (The) • Cano Health • Clover Health Investments Corp - Ordinary Shares • Agilon HealthManagement Discussion
- (1)Operating Cost Ratio is defined as operating costs divided by total revenue.
- Total revenues decreased by $55.5 million, or 18.5%, for the three months ended March 31, 2024 as compared to the same period in 2023, which was primarily driven by a decrease of approximately 23,000 beneficiaries aligned to our REACH ACOs. Our capitated revenue increased $11.9 million for the three months ended March 31, 2024 as compared to the same period in 2023 as a result of increased membership through our third party payor contracts as compared to the three months ended March 31, 2023.
- Medical costs decreased by $63.2 million, or 24.3%, for the three months ended March 31, 2024 as compared to the same period in 2023. The decrease in medical costs was primarily driven by a decrease in beneficiaries aligned to our REACH ACOs.