Welcome to our dedicated page for Gohealth news (Ticker: GOCO), a resource for investors and traders seeking the latest updates and insights on Gohealth stock.
GoHealth, Inc. (GOCO) is a leader in Medicare-focused digital health solutions, combining machine learning with insurance expertise to simplify healthcare decisions. This page serves as the definitive source for official company announcements and developments.
Access real-time updates on earnings reports, strategic partnerships, regulatory compliance changes, and technological advancements. Investors and industry observers will find curated press releases detailing operational milestones, consumer initiatives, and market expansions.
Our news collection prioritizes transparency, offering insights into GoHealth's data-driven approach to Medicare plan matching and its network of licensed agents. Key coverage areas include product innovations, consumer education programs, and responses to healthcare industry trends.
Bookmark this page for direct access to verified information about GOCO's Medicare solutions and corporate developments. Regularly updated to reflect the company's evolving role in transforming health insurance navigation through technology.
GoHealth (NASDAQ: GOCO) reported its third-quarter 2024 results with net revenues of $118.3 million, down $13.7 million from the previous year. Despite this, Submissions increased by 2.9% to 166,195. The company saw a net income of $15.4 million, a significant improvement from a $56.2 million loss the prior year. However, Adjusted EBITDA was negative $12.1 million, slightly worse than last year's negative $11.5 million. The trailing twelve months' cash flow from operations turned positive at $35.1 million. GoHealth completed the acquisition of e-TeleQuote, adding $90.5 million in contract assets and $22.5 million in cash, and achieving a $77.4 million gain on bargain purchase. The company also reduced its Direct Operating Cost per Submission by 11.0% and appointed Brendan Shanahan as CFO. GoHealth aims to capitalize on the Medicare Annual Enrollment Period with an expanded agent network and AI-driven technology.
GoHealth (NASDAQ: GOCO), a leading health insurance marketplace and Medicare-focused digital health company, will release its third quarter 2024 financial results on November 7, 2024. CEO Vijay Kotte and CFO Brendan Shanahan will host a conference call and live audio webcast at 8:00 a.m. (ET) to discuss the results. The webcast will be accessible through GoHealth's Investor Relations website, with a replay available after the call.
GoHealth is deploying its proprietary technology platform to assist Medicare beneficiaries during an unprecedented Annual Enrollment Period (AEP), where millions face plan disruptions. The company's TeleCare team and technology solutions are helping seniors navigate complex changes in Medicare Advantage plans, ensuring they maintain access to preferred providers and medications while potentially reducing costs. GoHealth's platform analyzes beneficiaries' specific needs against available plans to provide personalized recommendations during this critical enrollment period.
GoHealth, Inc. (Nasdaq: GOCO) has successfully closed the acquisition of e-TeleQuote Insurance, Inc., becoming its sole owner. The transaction, completed on September 30, 2024, adds over $100 million in contract assets and $18 million in cash to GoHealth's balance sheet. Additionally, GoHealth invested $5 million in e-TeleQuote for newly issued shares.
Key benefits of the acquisition include:
- Expansion of agent capacity with nearly 400 licensed agents
- Integration of e-TeleQuote into GoHealth's GoPartner Solutions (GPS) external agent channel
- Access to GoHealth's proprietary PlanFit tools and marketing channels for e-TeleQuote agents
- Expected positive impact on GoHealth's Revenue, Adjusted EBITDA, and Cash Flow from Operations
The acquisition is strategically timed ahead of the upcoming Annual Enrollment Period (AEP), positioning GoHealth to capitalize on unique industry dynamics and market demand for Medicare Advantage shopping.
GoHealth, Inc. (Nasdaq: GOCO) has announced its agreement to acquire e-TeleQuote Insurance, Inc., set to close on September 30, 2024. This strategic move aims to strengthen GoHealth's position as a leading Medicare insurance marketplace. The acquisition combines GoHealth's scale, proprietary technology, and operational excellence with e-TeleQuote's established talent and high-quality track record.
Key highlights include:
- Enhancing consumer experiences through innovation and operational excellence
- Leveraging complementary strengths to drive mutual growth
- Utilizing GoHealth's proprietary technology, including PlanFit Checkup, to improve consumer decision-making
- Focusing on a seamless integration process to benefit customers, team members, and stakeholders
Both companies emphasize a consumer-first approach, aiming to deliver better outcomes and meet evolving needs of Medicare consumers, especially during the upcoming benefit season.
GoHealth Inc. (NASDAQ: GOCO) has announced its participation in the H.C. Wainwright 26th Annual Global Investment Conference, scheduled for September 9-11, 2024. The event will be held both virtually and in-person at the Lotte New York Palace Hotel in New York City. Vijay Kotte, CEO of GoHealth, will be presenting on Tuesday, September 10, 2024, at 4:30 PM ET.
Institutional investors can register to listen to the Company's presentation through a provided link or access it via GoHealth's investor relations website. The conference will feature over 550 company presentations available as live feed or on-demand, starting September 9 at 7:00 A.M. ET.
GoHealth Inc. (NASDAQ: GOCO) has announced its participation in the 15th Annual Midwest IDEAS Investor Conference on August 28, 2024, in Chicago, IL. CEO Vijay Kotte will present at 1:20 pm CT at The Gwen hotel. The presentation will be accessible via webcast through the conference host's website and GoHealth's investor relations page.
This event provides an opportunity for GoHealth to showcase its business to potential investors and engage in one-on-one meetings. The IDEAS Investor Conferences are known for connecting small and micro-cap companies with high-quality investors, making this a significant opportunity for GoHealth to increase its visibility in the investment community.
GoHealth, Inc. (NASDAQ: GOCO) hosted the Alliance of Licensed Medicare Insurance Agencies (ALMIA) Medicare Conference on August 16, 2024. The event brought together healthcare leaders, policymakers, and innovators to discuss critical issues in Medicare Advantage marketing and distribution ahead of the 2025 Annual Enrollment Period.
Key highlights include:
- Discussions on increased state oversight of Medicare Advantage
- Insights into changes in Medicare Advantage and Part D plans
- Keynote address by Congressman Frank Pallone Jr. on Medicare integrity
The conference aimed to foster collaboration and improve the Medicare experience for beneficiaries. The 2025 Annual Enrollment Period is scheduled for October 15 through December 7.
GoHealth, Inc. (NASDAQ: GOCO) reported its Q2 2024 financial results, showing a decline in key metrics. Net revenues decreased to $105.9 million, down $36.9 million from the prior year. Submissions fell 6% to 152,394, with internal captive agents showing growth offset by a decrease in external GoPartner Solutions agents. The company reported a net loss of $59.3 million, an improvement of $10.9 million year-over-year. Adjusted EBITDA was negative $12.3 million, down $13.1 million from the previous year.
Despite challenges, GoHealth remains optimistic about future growth, focusing on technology advancements in AI and automation to enhance efficiency and customer experience. The company anticipates growth in Submission volume, revenue, and Adjusted EBITDA for the second half of 2024, with a particular focus on the upcoming Annual Enrollment Period.
GoHealth, Inc. (NASDAQ: GOCO), a leading health insurance marketplace and Medicare-focused digital health company, has announced it will release its second quarter 2024 financial results on August 8, 2024. The company's CEO, Vijay Kotte, and interim CFO, Katie O'Halloran, will host a conference call and live audio webcast at 8:00 a.m. (ET) on the same day to discuss the results.
Investors and interested parties can access the live audio webcast through GoHealth's Investor Relations website. A replay of the call will be available for on-demand listening shortly after the event concludes. This announcement provides an opportunity for stakeholders to gain insights into GoHealth's financial performance and future outlook.
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