Alignment Healthcare delivered a robust third quarter with substantial revenue growth of 44% year-over-year, underscored by a 26% increase in health plan membership and strong operational efficiencies.
- Health plan membership reached 229,600, reflecting a 26% year-over-year increase.
- Revenue for the quarter totaled $994 million, up 44% year-over-year, driven by strong new member sales.
- Adjusted gross profit grew 58% year-over-year to $127 million, with a consolidated MBR of 87.2%, improved by 120 basis points.
- The company raised its full-year adjusted EBITDA guidance to $94 million, significantly above the initial forecast of $47.5 million.
- All health plan members are enrolled in 4-star rated plans or higher, setting the company apart from competitors and highlighting its commitment to quality care.
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