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. (NASDAQ: GOCO) is a health insurance marketplace and Medicare-focused digital health company whose public communications frequently highlight developments in the Medicare Advantage ecosystem, capital structure, and technology capabilities. The news flow around GoHealth often centers on quarterly financial results, strategic capital actions, and how the company is responding to changes in the Medicare Advantage market.
Investors and observers following GOCO news can expect regular earnings announcements detailing net revenues, submissions, operating metrics, and non-GAAP measures such as Adjusted EBITDA. These releases also describe trends in Medicare agency and non-agency revenues, the performance of offerings like GoHealth Protect, and management’s commentary on operating discipline, retention, and member quality.
Another important category of GoHealth news involves strategic capital and governance actions. The company has reported entering into a superpriority senior secured term loan facility, amending its existing credit agreement, extending certain debt maturities, and issuing equity to lenders. It has also announced changes to its board of directors and the formation of a Transformation Committee to evaluate strategic alternatives such as refinancings, securitizations, mergers, acquisitions, or restructurings.
GoHealth news also covers technology and product updates, including the launch and scaling of GoHealth Protect, the use of PlanFit for personalized plan comparison, and the deployment of PlanGPT, an AI-powered assistant that supports licensed agents. During the Medicare Annual Enrollment Period, the company issues releases describing how its tools and agents help beneficiaries navigate plan exits, plan degradation, and other disruptions.
For users tracking GOCO, this news page provides a stream of company-issued and analyst commentary on operational performance, financing developments, governance changes, and technology initiatives that shape GoHealth’s position in the Medicare-focused insurance marketplace.
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GoHealth, Inc. (NASDAQ: GOCO), a prominent health insurance marketplace, has announced its presentation at the 2023 Bank of America Healthcare Conference. The event is scheduled for May 11, 2023, at 10:00 a.m. Pacific Time (1:00 p.m. Eastern Time) in Las Vegas, NV. A live webcast will be available on GoHealth's Investor Relations website, and a replay will follow the conference.
GoHealth focuses on simplifying health insurance enrollment, particularly in Medicare. Utilizing advanced technology and data science, it assists millions in finding suitable healthcare plans. For further details, visit GoHealth's website.
GoHealth, Inc. (NASDAQ: GOCO), a prominent health insurance marketplace, announced it will release its financial results for Q1 2023 on May 8, 2023. CEO Vijay Kotte and CFO Jason Schulz will host a conference call at 8:00 a.m. (ET) to discuss these results. This call will be accessible through GoHealth's Investor Relations website, along with a press release and presentation slides. The company specializes in aiding customers with health insurance enrollment, particularly focusing on Medicare plans, combining technology and industry expertise to improve customer experiences.
GoHealth, Inc. (NASDAQ: GOCO), a health insurance marketplace, announced management appointments effective March 17, 2023. The company granted equity-based awards under its 2021 Inducement Award Plan to new executives: Chief Marketing Officer Steve Moffat received 75,000 restricted stock units (RSUs), Chief People Officer Alison Moriarty received 50,000 RSUs, and Vice President of Investor Relations John Shave received 25,000 RSUs. These RSUs will vest over three years, contingent on continued service with the company. The moves aim to drive growth and enhance leadership within GoHealth's Medicare-focused operations.
GoHealth, Inc. (NASDAQ: GOCO) announced its 2022 financial results, reporting a net revenue of $631.7 million, with a net loss of $376.4 million and an Adjusted EBITDA of negative $129.8 million. The fourth quarter saw a net revenue of $69.4 million, with a net loss of $150.7 million. Notably, Lookback Adjustments in Q4 reduced net revenue by $266.4 million. The company expects 2023 net revenue between $750 - $850 million, Adjusted EBITDA of $100 - $140 million, and positive cash flow of $75 - $115 million. CEO Vijay Kotte highlighted efficiency improvements and a strategic focus on its core Encompass model.
GoHealth, Inc. (NASDAQ: GOCO) will release its fourth quarter and full year 2022 financial results on March 16, 2023, after 4:00 p.m. ET. The company will provide guidance for 2023 alongside its earnings announcement. CEO Vijay Kotte and CFO Jason Schulz will host a conference call on the same day at 5:00 p.m. ET. Participants can pre-register for the call. GoHealth is a leading health insurance marketplace specializing in Medicare and aims to simplify health insurance enrollment. The company leverages advanced technology and data science to connect customers with suitable insurance plans.
GoHealth, Inc. (Nasdaq: GOCO) reported strong preliminary operating results for the 2022 Annual Enrollment Period, attributed to its Encompass-driven transformation. The company achieved positive cash flow from operations in FY2022, marking a significant improvement of over $300M compared to FY2021, and exceeding its initial target of achieving break-even cash flow by mid-2023. GoHealth matched over 325K beneficiaries with Medicare Advantage plans, indicating increased effectiveness in its sales strategy. These results will be further discussed in an earnings call scheduled for late March 2023.
GoHealth, Inc. (NASDAQ: GOCO) announced the grant of equity-based awards to newly appointed CTO Jay Sreedharan on November 14, 2022. This inducement grant, reviewed by the Independent Directors, consists of 2,500,000 restricted stock units (RSUs), which will be adjusted to 166,666 RSUs due to a reverse stock split effective November 17, 2022. These RSUs vest over three years, contingent on Sreedharan's service. GoHealth aims to enhance healthcare access through its digital health platform and has successfully enrolled millions in Medicare and health plans.
GoHealth, Inc. (NASDAQ: GOCO) reported a positive cash flow from operations of $101.9 million for YTD 2022, an improvement from a negative cash flow of $72.4 million in the prior year. However, Q3 2022 Medicare Submitted Policies decreased by 34% year-over-year to 132,831, and net revenue fell 37% to $133.1 million. The company faced a net loss of $74.7 million in Q3 2022, worse than the previous year's loss of $55.5 million. Despite these challenges, GoHealth emphasizes progress in its strategic initiatives, particularly its Encompass solution, claiming a 70% higher conversion rate this enrollment period compared to last year.
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