Evolent Health, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 02, 2023 at 04:10 pm EDT
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Evolent Health, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 511.02 million compared to USD 352.59 million a year ago. Net loss was USD 25.32 million compared to net income of USD 2.12 million a year ago. Basic loss per share from continuing operations was USD 0.3 compared to basic earnings per share from continuing operations of USD 0.02 a year ago. Diluted loss per share from continuing operations was USD 0.3 compared to diluted earnings per share from continuing operations of USD 0.02 a year ago. Basic loss per share was USD 0.3 compared to basic earnings per share of USD 0.02 a year ago. Diluted loss per share was USD 0.3 compared to diluted earnings per share of USD 0.02 a year ago.
For the nine months, sales was USD 1,407.84 million compared to USD 969.58 million a year ago. Net loss was USD 79.63 million compared to USD 7.82 million a year ago. Basic loss per share from continuing operations was USD 0.91 compared to USD 0.08 a year ago. Diluted loss per share from continuing operations was USD 0.91 compared to USD 0.08 a year ago. Basic loss per share was USD 0.91 compared to USD 0.09 a year ago. Diluted loss per share was USD 0.91 compared to USD 0.09 a year ago.
Evolent Health, Inc. is a health care company connecting care for people with complex conditions like cancer, cardiovascular disease, and musculoskeletal diagnoses. The Company offers three primary solutions: specialty care management services, total cost of care management and administrative services. It provides comprehensive quality management for oncology and cardiology patients from diagnosis through advance care planning services as well as identifying quality, lowest cost of care for outpatient orthopedic surgeries. Its total cost of care management solution enables providers to manage populations they may be accountable for under value-based contracts with payers or accountable care organizations (ACO) contracts with Centers for Medicare and Medicaid Services (CMS). Its administrative services solution includes integrated value-based care platform designed to help customers manage and administer patient health in a cost-effective manner.