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Alignment Healthcare, Inc. reports developments tied to its Medicare Advantage business for seniors, including health plan membership, revenue growth, adjusted gross profit, adjusted EBITDA and annual guidance. The company operates under the Alignment Health consumer brand and works with local provider partners to deliver coordinated care through a customized care model, a 24/7 concierge care team and the AVA® technology platform.
Recurring updates include quarterly and full-year results, membership outlooks for HMO and PPO contracts, Medicare Advantage operating trends, investor conference presentations and registered offerings involving common stock. News also follows the company's expansion of health plan offerings and national footprint within senior care.
Alignment Health Plan has been recognized as one of only six insurers named to U.S. News & World Report's 2025 Best Insurance Companies for Medicare Advantage Honor Roll in California. The company's PPO plans achieved 4.5 stars and HMO plans maintained 4 stars from CMS. For 2025, Alignment is offering HMO, PPO, and special needs plans across 22 California counties, serving nearly 5.8 million Medicare-eligible seniors. Key features include $0 to low premium plans, $0 copay for Part D generic drugs in HMO plans, and two new chronic condition SNPs for lung and mental health conditions.
Alignment Health Plan has been recognized as one of only 5 'Best' Medicare Advantage insurers in Nevada by U.S. News & World Report for 2025. The company achieved this distinction among nearly 100 MA plans available in the state, earning a rating above 3.8 on a 5-point scale. In Nevada, Alignment offers four HMO plans in Clark and Washoe counties, serving over 500,000 Medicare-eligible seniors. Their Platinum + Instacart and smartHMO plans earned 5-star ratings from CMS, while their Heart & Diabetes plan received 4 stars. Key features include $0 copay for Part D generic drugs and 24/7 ACCESS On-Demand Concierge services.
Alignment Health Plan has been recognized as one of Arizona's 'Best' Medicare Advantage insurers by U.S. News & World Report for 2025. The company is among only five insurers in Arizona to receive the 'Best' ranking badge, scoring above 3.8 on a 5-point scale among 149 MA plans. Alignment, which entered Arizona in 2022, now serves over 1 million Medicare-eligible seniors in Maricopa, Pima and Santa Cruz counties. For 2025, the company offers five HMO and special needs plan options, including the ONE + Walgreens plan with $0 premiums and chronic condition special needs plans with monthly allowances for groceries, utilities, and home safety items.
Alignment Health Plan has been recognized as one of the 'Best' Medicare Advantage insurers in North Carolina by U.S. News & World Report for the third consecutive year. The company's HMO plan maintained its 5-star rating from CMS, making it one of only seven plans nationwide to achieve this distinction for 2025. Among 180 MA plans in North Carolina, Alignment is one of just 8 insurers to earn the 'Best' ranking badge. The company is offering five MA plans in North Carolina for 2025, including HMO, PPO, and special needs plans, serving over 660,000 Medicare-eligible beneficiaries across 16 counties.
Alignment Healthcare reported strong Q3 2024 results with total revenue of $692.4 million, up 51.6% year-over-year. The company's Medicare Advantage membership grew 57.7% to approximately 182,300 members. Notable achievements include earning a 5-star rating from CMS, with 98% of Medicare Advantage members in plans rated 4-stars or higher for 2025. Financial highlights include an adjusted gross profit of $80.5 million and adjusted EBITDA of $5.9 million, though the company reported a net loss of $(26.4) million. The company raised its year-end health plan membership and revenue guidance while narrowing full-year adjusted gross profit and adjusted EBITDA guidance.
Alignment Healthcare (NASDAQ: ALHC) has announced it will release its third quarter 2024 financial results on Tuesday, Oct. 29, 2024, after market close. The company will host a conference call to review these results at 5 p.m. EDT on the same day.
A live audio webcast of the conference call will be available at https://ir.alignmenthealth.com/. Participants can access the webcast directly at https://edge.media-server.com/mmc/p/dh2kdfjr. For those unable to attend live, a replay of the call will be available via webcast for on-demand listening shortly after the call concludes. The replay will remain accessible for approximately 12 months.
Alignment Healthcare (NASDAQ: ALHC) has announced that 98% of its Alignment Health Plan members are enrolled in plans rated 4 stars or greater by the Centers for Medicare & Medicaid Services (CMS) for 2025. The company's California HMO contract, representing about 86% of its Medicare Advantage membership, has earned a 4-star rating for the eighth consecutive year. Notably, its HMO contracts in Nevada and North Carolina retained their 5-star ratings for the third straight year, while its California PPO achieved a 4.5-star rating.
These ratings reflect Alignment's commitment to providing high-quality care and services to seniors. The CMS star ratings system, which helps Medicare beneficiaries compare health plans, is based on factors including member feedback, member retention, complaints, and clinical quality metrics. The annual Medicare enrollment period runs from Oct. 15 to Dec. 7 for plan benefits starting Jan. 1, 2025.
Alignment Health Plan, a Medicare Advantage provider, has announced a new partnership with Intermountain Health to expand healthcare access in Nevada. Effective Jan. 1, 2025, this agreement will give Alignment's members in Clark and Washoe counties access to over 65 clinic locations, including 35 award-winning senior primary care clinics.
The partnership aims to serve the significant elderly population in these counties, offering four HMO options including special needs plans and a 5-star rated Platinum + Instacart (HMO) plan. Intermountain Health, a nonprofit health system with 33 hospitals and 385 clinics across six states, brings high-quality care to the partnership, with nine of its physicians recently recognized as Top Doctors of Nevada.
Alignment Health Plan has announced its 2025 Medicare Advantage plans, offering over 55 options to address seniors' diverse health care needs. The plans will be available to 8.1 million Medicare-eligible adults during the annual enrollment period from Oct. 15 to Dec. 7 for benefits starting Jan. 1, 2025.
Key highlights include:
- 29% increase in special needs plans (SNPs), totaling 18 for 2025
- Introduction of new HMO point-of-service D-SNP in Texas
- New C-SNPs for lung conditions and mental health in select California counties
- $0 copay for over 10,000 Part D generic prescription drugs
- Continuation of ACCESS On-Demand Concierge program for all members
- Popular benefits like non-medical transportation, fitness classes, and caregiver reimbursements for select plans
These plans aim to provide comprehensive care, financial support, and rich supplemental benefits to meet the evolving needs of seniors, particularly those with chronic conditions or disabilities.
Alignment Health, operating under Alignment Healthcare, Inc. (NASDAQ: ALHC), has been named one of Newsweek's World's Most Trustworthy Companies 2024. This recognition, presented in collaboration with Statista, evaluates companies across three main pillars: customer trust, investor trust, and employee trust.
The award was based on an independent survey of over 70,000 participants, resulting in 230,000 company evaluations. Additionally, a social listening analysis of over 995,000 mentions was conducted. The 2024 ranking features 1,000 companies across 23 industries and 20 countries, considering stock-listed companies with revenues exceeding $500 million.
John Kao, founder and CEO of Alignment Health, expressed pride in the recognition, emphasizing the company's commitment to being the most trusted senior care brand.