Bright Health Group (BHG) Misses Q4 EPS by 84c
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Bright Health Group Reports Fourth Quarter and Full Year 2021 Results
March 2, 2022 6:45 AM EST
Fourth Quarter 2021
Revenue of $962.3 million, up 167.5% from Q420
Adjusted EBITDA loss of $790.1 million; GAAP Net Loss of $813.4 million
Full Year 2021
Revenue of $4.0 billion, up 233.7% from 2020
Medical Cost Ratio (MCR) of 101.3%, MCR excluding COVID of 96.0%
Adjusted EBITDA loss of $1,080.9 million; GAAP Net Loss of $1,178.4 million
Specific actions taken to improve performance in 2022
Full Year 2022 Guidance
Serving over 1 million lives as of January 1, 2022
Revenue of $6.8 - $7.1 billion, an increase of 174% year over year
Adjusted EBITDA... More
