Risk Factors Update Summary
- Accumulated deficit increased from $732 million to $880 million as of December 31, 2022.
- Membership increased from approximately 108,300 to 155,500 individual Medicare Advantage members.
- Penalty range increased from $12,537 to $27,018 for violations occurring after November 2, 2015.
- Principal outstanding increased from $165 million to an undisclosed amount as of December 31, 2023.
- Ownership percentage by Lead Sponsors decreased from 42.9% to 41.2% of outstanding common stock.
- Proposed CMS restrictions may lower the threshold for D-SNP plans to 70% in 2025 and 60% in 2026.
- The California Department of Healthcare reported a decrease in the threshold for SNP look-alike plans from 75% to 50%.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=1832466&owner=exclude
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