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Earnings Call Summary | P3 Health Partners(PIII.US) Q1 2024 Earnings Conference

Earnings Call Summary | P3 Health Partners(PIII.US) Q1 2024 Earnings Conference

财报电话会议摘要 | P3 Health Partners (PIII.US) 2024 年第一季度财报会议
moomoo AI ·  05/11 12:57  · 电话会议

The following is a summary of the P3 Health Partners Inc. (PIII) Q1 2024 Earnings Call Transcript:

以下是P3 Health Partners Inc.(PIII)2024年第一季度财报电话会议记录的摘要:

Financial Performance:

财务业绩:

  • P3 Health Partners reported Q1 2024 revenue of approximately a 29% increase year-over-year.

  • Medicare lives increased by 23% year-over-year reaching 126,800.

  • The company saw a substantial decrease (26%) in operating expenses down to $26.2 million.

  • The reported adjusted EBIDTA loss was $19.8 million, same as in Q1 2023.

  • Total revenue reached $388 million including the capitated revenue for the quarter of $384 million, reflecting a 29% growth compared to the prior year.

  • However, an adjusted EBITDA loss of $52 per member per month was observed.

  • P3 Health Partners报告称,2024年第一季度收入同比增长约29%。

  • 医疗保险寿命同比增长23%,达到126,800人。

  • 该公司的运营费用大幅下降(26%),降至2620万美元。

  • 报告的调整后息税折旧摊销前利润亏损为1,980万美元,与2023年第一季度相同。

  • 总收入达到3.88亿美元,其中包括本季度3.84亿美元的资本收入,与去年同期相比增长了29%。

  • 但是,观察到调整后的息税折旧摊销前利润损失为每位会员每月52美元。

Business Progress:

业务进展:

  • The company reaffirmed its 2024 full-year guidance expecting to maintain Medicare Advantage members within the 125,000 and 135,000 range and predicting revenue to be within $1.45 billion and $1.55 billion.

  • They continue focusing on value-based care with a potential significant reserve release due to membership growth, increasing persistency, and funding.

  • P3 will be expanding into six new counties adding 8,000 to 10,000 more lives with an existing payer partner.

  • A strategic tie-up is announced with Innovaccer to implement an AI platform improving predictive modelling and quality.

  • Dr. Aric Coffman is now the new CEO replacing Sherif Abdou who will remain as an adviser.

  • The company anticipates its ACO REACH program, having had substantial growth, to contribute more significantly to future results with the goal of enhancing partnerships and outcomes in value-based care.

  • 该公司重申了其2024年的全年指导方针,预计将Medicare Advantage成员维持在12.5万至13.5万人之间,并预测收入将在14.5亿美元至15.5亿美元以内。

  • 他们继续专注于基于价值的护理,由于会员人数的增长、持续性的提高和资金,他们可能会大量释放储备金。

  • P3将扩展到六个新县,与现有的付款人合作伙伴一起增加8,000至10,000人的生活。

  • 宣布与Innovaccer建立战略合作,以实施一个改善预测建模和质量的人工智能平台。

  • 阿里克·科夫曼博士现在是新任首席执行官,接替将继续担任顾问的谢里夫·阿卜杜。

  • 该公司预计,其ACO REACH计划已经实现了大幅增长,将对未来的业绩做出更大的贡献,目标是加强基于价值的护理领域的伙伴关系和成果。

More details: P3 Health Partners IR

更多详情: P3 健康合作伙伴 IR

Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.

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