The company expects to achieve the following financial results for the full year ending December 31, 2023: Total revenue is expected to be in the range of $420M-$440M. GAAP net loss is expected to be in the range of $55M-$35M. Adjusted EBITDA is expected to be in the range of ($15M) to $5M. Operating cash flow is expected to be in the range of ($30M)-($15M). The company also commented on the final MA and Part D rule released by CMS on April 12, 2023. "The proposed Medicare rules were first communicated by CMS in December of 2022, and since then eHealth has been collaborating with our carrier partners to ensure we are fully compliant within the required timeline while continuing to provide a positive memorable experience to our customers. We are still working to clarify some of the provisions of the rule and will make the necessary operational, marketing, and communications changes ahead of the upcoming Annual Enrollment Period when the rules go into effect," said eHealth CEO, Fran Soistman. "Our leadership team is accustomed and equipped to operating in a dynamic and highly regulated industry and prepared to be flexible and opportunistic in responding to the new regulatory requirements. We believe our strong omnichannel enrollment platform and customer centric choice model puts eHealth at a unique advantage for succeeding in this environment. In the long run, we anticipate the new rule will bring further rationalization to this market, which we started to observe last year, and will benefit industry players such as eHealth that are focused on customer experience and enrollment quality."
Published first on TheFly
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