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. reports developments in its Medicare-focused health insurance marketplace, where proprietary technology and licensed agents support consumer plan comparison and enrollment. News about GOCO commonly covers Medicare Advantage market conditions, Annual Enrollment Period activity, PlanFit technology, Special Needs Plans, retention initiatives, and the company’s efforts to match consumers with coverage suited to their needs.
Company updates also address quarterly and annual results, revenue mix, commission receivables, back-book durability, liquidity, cost discipline, automation and AI investments, and capital or governance actions. Recent coverage has emphasized a more disciplined Medicare Advantage posture, member quality, renewal economics, and strategic flexibility.
GoHealth (NASDAQ: GOCO), a leading health insurance marketplace and Medicare-focused digital health company, has scheduled its first quarter 2025 financial results announcement for May 13, 2025. The results will be released in the morning, followed by a conference call and live audio webcast at 8:00 a.m. ET. CEO Vijay Kotte and CFO Brendan Shanahan will host the event, which will be accessible through GoHealth's Investor Relations website. An on-demand replay of the call will be made available shortly after the event concludes.
GoHealth (NASDAQ: GOCO) reported strong Q4 2024 results with net revenues of $389.1 million, up 41% year-over-year. The company achieved significant growth with 481,445 submissions, a 67% increase from the previous year.
Q4 highlights include net income of $58.0 million, improving by $60.3 million, and Adjusted EBITDA of $117.8 million, up 107%. Direct Operating Cost per Submission improved 27% to $501.
Full-year 2024 performance showed net revenues of $798.9 million (9% growth), with 1,016,182 submissions (23% increase). The company reduced its net loss to $7.3 million, a $144.0 million improvement. Key achievements include successful refinancing of credit facility, implementation of PlanFit Save initiative, and supporting nearly 3 million Medicare consumers.
GoHealth (NASDAQ: GOCO), a leading health insurance marketplace and Medicare-focused digital health company, has scheduled its fourth quarter 2024 financial results announcement for February 27, 2025. The results will be released in the morning, followed by a conference call and live audio webcast at 8:00 a.m. ET.
CEO Vijay Kotte and CFO Brendan Shanahan will host the call to discuss the results. Investors can access the webcast through GoHealth's Investor Relations website, with a replay available on-demand after the call's completion.
GoHealth announces its commitment to assist 25,000 veterans in finding suitable health plans during this year's Medicare Annual Enrollment Period (AEP). The company highlights the case of Air Force veteran Paul Docka, who, along with his wife Mary, received assistance from GoHealth agent Dalynn Garfield in navigating plan changes affecting their dental coverage.
The announcement comes amid unprecedented disruption in Medicare Advantage plans, with an estimated 6 million beneficiaries facing plan degradation and 2 million affected by plan exits. GoHealth CEO Vijay Kotte emphasizes the importance of beneficiaries exploring all options before the AEP deadline on December 7.
GoHealth (NASDAQ: GOCO) has announced its participation in the upcoming Southwest IDEAS Conference in Dallas, TX. CEO Vijay Kotte will deliver a presentation on Wednesday, November 20th, 2024, at 1:20 PM CT at The Statler Dallas. The event will be accessible to virtual attendees through a webcast, with registration available online.
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.