ACO REACH Revenue (Q1 2024)

-28.4% / -$68.0 million "

The revenue drop was driven by a reduction of approximately 23,000 beneficiaries aligned to REACH ACOs, reflecting a shift in the underlying membership base and impacting overall revenue streams. "

Total Revenue (Q1 2024)

Decreased from $300.6M to $245.1M " "

Overall revenue declined primarily due to lower ACO REACH performance and moderately lower volume in the NeueCare segment, despite a 24.1% increase in capitated revenue that was partly offset by a decline in service revenue. " " " "

ACO REACH Revenue (Q1 2025)

Decrease of $47.8 million " " "

A further reduction in beneficiaries (approximately 13,000) and a strategic shift in membership mix away from REACH ACOs contributed significantly to the decline in ACO REACH revenue compared to the prior period. " " "

Capitated Revenue (Q1 2025)

+31.8% / +$19.5 million " "

Increased membership through third-party payor contracts led to a strong growth in capitated revenue, partially mitigating the overall revenue decline from other segments. " "

Service Revenue (Q1 2025)

Decreased by $1.8 million " "

The decline in service revenue was primarily driven by the sale of AMD in November 2024, reflecting a one-time adjustment impacting the revenue mix in the subsequent period. " "