GoHealth achieves positive cash flow from operations in FY2022

GoHealth reported certain positive preliminary operating results achieved during the 2022 Annual Enrollment Period – AEP -, for plans effective January 1, 2023, as a result of its Encompass-driven business transformation. Achieved positive cash flow from operations in FY2022, sooner than the company’s target of cash flow break-even by the first half of 2023 and reflecting a more than $300M improvement in cash flow from operations vs. FY2021. Matched over 325K beneficiaries with a Medicare Advantage plan. Attained approximately 48% penetration through the Encompass Connect solution this AEP, ahead of the company’s 30% goal. Delivered over 25% improvement in AEP operating efficiency year over year, ahead of previously stated expectations of up to 20%. "While still early in our year-end close process, these positive preliminary operating results reinforce our confidence that our business transformation is working," said Vijay Kotte, CEO. "Achieving our cash flow goal ahead of schedule is an important validation of our operating rigor and beneficiary enrollment platform. Our industry-leading technology, top-tier talent, and exceptional execution led to our strong performance this AEP."