Alignment Healthcare Continues to Pave the Way for Sustainable Growth with Unique Payvidor Model
January 10 2022 - 9:05AM
Alignment Healthcare (NASDAQ: ALHC), a tech-enabled Medicare
Advantage company, today announced that its inpatient utilization
in the fourth quarter of 2021 was about 5 percent lower than
expected, even amid COVID-19.
“This further validates that our AVA health platform and
differentiated care delivery model are working,” said John Kao,
founder and CEO, Alignment Healthcare. “Delivering high-quality
care at lower costs allows Alignment to provide consistent value to
its members year in and year out. We are able to do well by doing
good by improving the health and well-being of our members.”
Additionally, its health plan membership is at 92,700 as of Jan.
1, 2022, following its annual enrollment period (AEP). The growth
represents an approximately 16 percent increase compared
to its January 2021 health plan
membership.
“We’ve taken a disciplined, long-term approach rather than
adopting a model of growth-at-all-costs,” said Kao. “This AEP
season follows years of consistent growth for Alignment while
upholding high-quality standards. We’re creating value as a
business and – importantly – delivering value to our members and
their families.”
Alignment will remain focused on three core areas:
- Continuing to innovate on attractive coverage and benefits that
address the whole person as it strives to meet the personalized
needs of different ethnicities, acuities and income levels;
- Ensuring all members have access to coordinated care in an
increasingly digital-first world by improving its concierge
services to its members; and
- Engaging more deeply with its network of marquee provider
partners across the country, while continuing to add more leading
partners and trusted brands.
“Our focus has been, and will continue to be, long-term,
sustainable success and becoming the most trusted health care brand
for seniors,” added Kao. “To strengthen our benefit design
structure and growth outcomes, we will continue to refine our
distribution, network and supplemental benefit strategies this
year.”
For 2022, Alignment serves 38 counties across four states,
representing 7 million seniors, and offers more than 40 health
plans, its largest and most diverse portfolio to date. The company
also signed new partnerships with trusted and recognized providers
for care, including Cedars-Sinai, Scripps Health, Hoag Memorial and
Dignity Health.
For more information,
visit www.alignmenthealthcare.com.
About Alignment HealthcareAlignment Healthcare
is a consumer-centric platform delivering customized health care in
the United States to seniors and those who need it most, the
chronically ill and frail, through its Medicare Advantage plans.
Alignment Healthcare provides partners and patients with customized
care and service where they need it and when they need it,
including clinical coordination, risk management and technology
facilitation. Alignment Healthcare offers health plan options
through Alignment Health Plan and also partners with select health
plans to help deliver better benefits at lower costs.
Forward-Looking StatementsThis press release
contains forward-looking statements within the meaning of Section
27A of the Securities Act of 1933, as amended, and Section 21E of
the Securities Exchange Act of 1934, as amended, and the Private
Securities Litigation Reform Act of 1995, as amended.
Forward-looking statements are subject to risks and uncertainties
and are based on assumptions that may prove to be inaccurate, which
could cause actual results to differ materially from those expected
or implied by the forward-looking statements. Important risks and
uncertainties that could cause our actual results and financial
condition to differ materially from those indicated in the
forward-looking statements include, among others, the following:
our ability to attract new members and enter new markets; our
ability to maintain a high rating for our plans on the Five Star
Quality Rating System; risks associated with being a government
contractor; changes in laws and regulations applicable to our
business model; changes in market or industry conditions and
receptivity to our technology and services; results of litigation
or a security incident; the impact of shortages of qualified
personnel and related increases in our labor costs; and the impact
of COVID-19 on our business and results of operation. For a
detailed discussion of the risk factors that could affect our
actual results, please refer to the risk factors identified in our
SEC reports, including our registration statement filed with the
SEC on November 16, 2021, and our Quarterly Report on Form 10-Q
filed with the SEC on November 4, 2021. All information provided in
this release and in the attachments is as of the date hereof, and
we undertake no duty to update or revise this information unless
required by law.
Investor ContactBob EastICR Westwicke for
Alignment HealthcareAlignmentIR@westwicke.com
Media ContactPriya ShahmPR, Inc. for Alignment
Healthcarealignment@mpublicrelations.com
Alignment Healthcare (NASDAQ:ALHC)
Historical Stock Chart
From Mar 2024 to Apr 2024
Alignment Healthcare (NASDAQ:ALHC)
Historical Stock Chart
From Apr 2023 to Apr 2024