The following is a summary of the Nutex Health (NUTX) Q1 2024 Earnings Call Transcript:

Financial Performance:

• Nutex Health's total revenue increased by 20% to $67.5 million for Q1 2024. Gross profit for the same period saw a growth of 113%.

• Revenue for mature hospitals saw a growth of 6.7% for Q1 2024 against the same period last year.

• The population health division's revenue grew by 5.4%.

• The net loss was reduced drastically in Q1 2024 to -$364,000 from -$5.1 million in Q1 2023.

• Cash and cash equivalents increased to $30 million by March 31, 2024.

Business Progress:

• Nutex Health opened four new hospitals in 2023, contributing to the system-wide increase in ER volumes by 21%.

• There was a significant increase of 78% in the number of Medicare Advantage lives quarter-over-quarter.

• The company is planning to open four more hospitals in 2024 subject to certain financial metrics and continues to push cost-cutting measures.

• Revenue per patient, collections, and managing the impact of the No Surprises Act remain areas of focus.

• The population health division continues to experience profitability and growth in Medicare Advantage lives, and has introduced new Independent Practice Associations (IPAs) in various regions.

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