Healthcare Revenue Growth
Healthcare revenue grew by 29% year-over-year, reflecting strong growth across both government and commercial clients.
Positive Adjusted EBITDA
The company reported a positive adjusted EBITDA of over $3 million, a significant improvement from a $1.2 million loss in the same quarter last year.
Record Commercial Implementations
Implemented 13 commercial programs in the quarter, the highest number for a single quarter, expected to contribute $4.5 to $5 million in annualized revenue.
Revenue and Profitability Guidance Increase
Full-year revenue guidance raised to $133 - $135 million with adjusted EBITDA guidance increased to $9 - $10 million.
Strong Claims-Based Revenue Growth
Claims-based business revenue grew by 38% year-over-year, contributing significantly to overall company revenue growth.