Sees FY23 Bright HealthCare revenue be greater than $1.8B, while Consumer Care Revenue is expected to be between $1.1B-$1.3B; Enterprise Adjusted Operating Cost Ratio is expected to be 13%-14%. Bright Health Group expects to be Adjusted EBITDA profitable in 2023 The company said, "Bright Health Group’s 2023 outlook remains consistent with the update provided in January 2023, but the company’s expectation for Revenue is now lower due to our finalized accounting treatment on certain value-based care contracts. Operating Cost expectations are unchanged, but is now forecast to be a higher percent of Revenue."
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly