Alignment Healthcare

Alignment Healthcare, Inc. operates as holding company. The company offers consumer-centric platform that delivers customized health care solutions to seniors and those who need it most, the chronically ill and frail, through its Medicare Advantage plans. The firm offers health plan options through Alignment Health Plan, and also partners with select health plans to help deliver better benefits at lower costs. The company was founded in 2013 and is headquartered Orange, CA.

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Alignment Healthcare reports strong Q4 results, eyes growth opportunities

Alignment Healthcare's Q4 2022 performance showcased revenue growth and membership expansion, underpinned by successful programs and strategic pillars. While challenges in profitability persist, opportunities in program optimization and strategic focus areas offer avenues for future growth.

Alignment Healthcare reports robust Q1 growth and strategic positioning

Alignment Healthcare's strong Q1 performance and strategic positioning under new CMS changes reflect growth potential. Challenges lie in achieving profitability targets and managing potential M&A opportunities cautiously. The company's focus on member retention and operational efficiency bodes well for future success.

Alignment Healthcare reports robust Q2 results, eyes shared risk growth

Alignment Healthcare's Q2 performance was strong, with revenue growth and membership increase. The company is addressing challenges in profitability and market variability while focusing on enhancing broker relationships and shared risk business. Opportunities exist in targeted market expansions and product strategy improvements.

Alignment Healthcare surpasses Q3 expectations, eyes growth amid challenges

Alignment Healthcare exceeded Q3 expectations with strong revenue and membership growth, showcasing momentum and strategic positioning for future success.
Despite challenges related to Union dynamics and potential Medicare rate fluctuations, the company remains confident in achieving its guidance and aims for continued growth.
By leveraging strengths like partnerships, innovative initiatives, and a focus on member experience, Alignment Healthcare is well-positioned for growth and financial stability.

Alignment Healthcare reports robust Q4 growth amidst reimbursement challenges

Alignment Healthcare demonstrated strong financial performance in Q4 2023, despite facing reimbursement challenges and EBITDA losses.
The company's focus on brand recognition, care model portability, and unique risk models in California positions them well for growth and profitability.
Investments in technology, membership growth projections, and positive regulatory changes offer opportunities for Alignment Healthcare to enhance operational efficiency and market position.

Alignment Healthcare reports robust Q1 growth, eyes 20% membership increase

Alignment Healthcare's Q1 2024 earnings call highlighted strong growth in membership and revenue, exceeding expectations in adjusted EBITDA. The company is confident in its ability to grow membership by 20% in 2025, leveraging its unique capabilities and operational model. Challenges in inpatient costs and care navigation require continuous improvement efforts.

Alignment Healthcare reports strong Q2 growth and targets market expansion

Alignment Healthcare demonstrated robust growth in membership, revenue, and profitability in Q2 2024, positioning itself as a key player in the MA plans sector.
The company's strategic focus on profitable growth, market share expansion, and quality service delivery underscores its commitment to sustainable success.
While facing challenges in achieving profitability targets, Alignment Healthcare remains optimistic about its growth prospects and market positioning.

Alignment Healthcare excels in Q3, poised for sustained growth

Alignment Healthcare's Q3 2024 performance reflects strong growth, profitability, and strategic positioning in the Medicare Advantage sector.
With a focus on maintaining high plan ratings, investing in key markets, and enhancing healthcare capabilities, Alignment is poised for continued success.
While challenges in meeting financial expectations and industry dynamics persist, Alignment's strengths and opportunities position it for sustainable growth and competitiveness.

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Alignment Healthcare, Inc. operates as a holding company. The company offers a consumer-centric platform that delivers customized health care solutions to seniors and those who need it most, the chronically ill and frail, through its Medicare Advantage plans. The firm offers health plan options through Alignment Health Plan, and partners with select health plans to help deliver better benefits at lower costs. The company was founded by John E. Kao in 2013 and is headquartered Orange, CA.

ORANGE, Calif., Nov. 16, 2021 (GLOBE NEWSWIRE) -- Alignment Healthcare, Inc. (“Alignment Healthcare” or the “Company”), a mission-based, tech-enabled Medicare Advantage company, today announced the launch of an underwritten public offering of 8,000,000 shares of its common stock by certain selling stockholders. Such selling stockholders also intend to grant to the underwriters a 30-day option to purchase up to an additional 1,200,000 shares of common stock at the public offering price, less underwriting discounts and commissions. The Company will not receive any of the proceeds from the sale of the shares of its common stock being offered by the selling stockholders, and the selling stockholders will bear the costs associated with the sale of such shares, including underwriting discounts and commissions.

Alignment Healthcare Announces Launch of Secondary Offering

Alignment Healthcare's (ALHC) CEO John Kao on Q3 2021 Results - Earnings Call Transcript

ORANGE, Calif., Nov. 04, 2021 (GLOBE NEWSWIRE) -- Alignment Healthcare, Inc. (“Alignment Healthcare” or the “Company”) (Nasdaq: ALHC), a mission-based, tech-enabled Medicare Advantage company, today reported financial results for its third quarter ended September 30, 2021.

Alignment Healthcare Reports Third Quarter 2021 Financial Results

ORANGE, Calif., Oct. 25, 2021 (GLOBE NEWSWIRE) -- Alignment Healthcare, Inc. (“Alignment Healthcare” or the “Company”) (Nasdaq: ALHC), a mission-based, tech-enabled Medicare Advantage company, will release its 2021 third quarter financial results on Thursday, Nov. 4, 2021, after market close. In conjunction, the company will host a conference call to review the results at 5:30 p.m. E.T.

Alignment Healthcare to Announce Third Quarter 2021 Financial Results and Host Conference Call Thursday, Nov. 4, 2021

ORANGE, Calif., Oct. 14, 2021 (GLOBE NEWSWIRE) -- Medicare Advantage company Alignment Healthcare (NASDAQ: ALHC) today announced the addition of Hoag Memorial Hospital Presbyterian – an award-winning, non-profit, regional hospital in Orange County, California – to its PPO provider network starting Jan. 1, 2022.

Alignment Healthcare Adds Hoag Memorial Hospital Presbyterian to its 2022 Medicare Advantage Provider Network in Orange County

ORANGE, Calif., Oct. 07, 2021 (GLOBE NEWSWIRE) -- Alignment Health Plan, a national Medicare Advantage plan from Alignment Healthcare (NASDAQ: ALHC), and AltaMed Health Services, one of the nation's largest federally qualified community health centers, today announced a new partnership that will bolster access to care for Alignment's members in Los Angeles and Orange counties beginning Jan. 1, 2022.

Alignment Healthcare and AltaMed Health Services Partner to Improve Health Care Access for Seniors in Los Angeles and Orange Counties

ORANGE, Calif., Oct. 06, 2021 (GLOBE NEWSWIRE) -- Alignment Healthcare, a leading mission-based Medicare Advantage insurance company, will introduce the One, or “el ÚNICO” in Spanish, a new Alignment Health Plan option designed to serve the unique needs of seniors age 65 and over in the U.S. Hispanic community, a population that is expected to grow five-fold to 19.9 million by 2060.1 During the Medicare annual enrollment period from Oct. 15 through Dec. 7, 2021, seniors will be able to make important changes to their 2022 health care coverage.

Alignment Healthcare Caters to Growing Hispanic Senior Community with Launch of the One, a $0 Premium Medicare Advantage Plan, for 2022

ORANGE, Calif., Oct. 02, 2021 (GLOBE NEWSWIRE) -- Alignment Healthcare, a leading mission-based Medicare Advantage insurance company, today announced new Alignment Health Plan options designed to give nearly 7 million seniors across the country1 more choices, greater benefits and better access to care this Medicare enrollment season, including low to no premium Preferred Provider Organization (PPO) plans, special needs plans for seniors with multiple chronic diseases, and an ethnicity-focused plan serving the Hispanic community. Medicare-eligible seniors can select one of Alignment's plans – available in 38 markets across four states – during the annual enrollment period Oct. 15 through Dec. 7, 2021, for plan benefits starting Jan. 1, 2022.

Alignment Healthcare Announces New 2022 Plans, Empowering 7 Million Seniors With More Choice, Access and Benefits for Their Health Care

ORANGE, Calif., Oct. 02, 2021 (GLOBE NEWSWIRE) -- Alignment Health Plan, a Medicare Advantage plan from Alignment Healthcare, will offer expanded product options to seniors across the state in 2022, including new Preferred Provider Organization (PPO) plans, Chronic Condition Special Needs Plans (C-SNP) and Dual-Eligible Special Needs Plans (D-SNP) to nearly 5 million Medicare-eligible seniors across 18 counties in California.1 Seniors who select a plan from Alignment will also have access to the company's exclusive 24/7 concierge-level member services and a benefits “black card.”

Alignment Health Plan to Launch New PPO, C-SNP and D-SNP Options to Meet Growing, Diverse Needs of 5 Million Seniors in California

LAS VEGAS and ORANGE, Calif., Oct. 02, 2021 (GLOBE NEWSWIRE) -- Alignment Health Plan, a Medicare Advantage plan from Alignment Healthcare, will offer two new plan options to the nearly 500,000 Medicare-eligible Nevada seniors in Clark, Nye and Washoe counties1 to provide seniors more flexibility and choice in coverage. The company currently serves seniors in Clark County, offering its award-winning health plans, 24/7 concierge services and monthly benefits card. Medicare's annual enrollment period begins Oct. 15, 2021.

Alignment Health Plan Offers More Choices, Flexible Health Coverage for Nevada Seniors in Clark, Nye and Washoe Counties in 2022

PHOENIX and ORANGE, Calif., Oct. 02, 2021 (GLOBE NEWSWIRE) -- For the first time, Alignment Health Plan, an award-winning Medicare Advantage plan from Alignment Healthcare, is offering HMO and PPO plan options, 24/7 concierge services and a benefits “black card” to nearly 1 million Medicare-eligible seniors in Maricopa and Pima counties1 during Medicare's annual enrollment period, Oct. 15 through Dec. 7.

With Alignment Health Plan, Arizona Residents in Pima and Maricopa Counties Can Access More $0 Premium, Benefits-Rich Medicare Health Coverage in 2022

RALEIGH, N.C. and ORANGE, Calif., Oct. 02, 2021 (GLOBE NEWSWIRE) -- Award-winning Medicare Advantage company Alignment Healthcare today announced that it will offer expanded Alignment Health Plan options in 15 total markets across North Carolina, reaching the region's nearly 600,000 Medicare-eligible seniors1 this Medicare annual enrollment period, Oct. 15 through Dec. 7. The company has served the greater Raleigh area since 2014 and began offering Alignment Health Plan coverage for the first time in North Carolina in 2021.

Alignment Health Plan Rolls Out New $0 Premium Medicare Advantage HMO, PPO and Dual-Eligible Plans to 600,000 North Carolina Seniors in 2022

ORANGE, Calif., Sept. 30, 2021 (GLOBE NEWSWIRE) -- Medicare Advantage company Alignment Healthcare (NASDAQ: ALHC) today announced the addition of Mission Health to its provider network to serve seven new counties in Western North Carolina where the company is expanding its presence in 2022. Medicare-eligible beneficiaries in Avery, Buncombe, Henderson, Madison, McDowell, Mitchell and Transylvania counties will have access to Alignment's Medicare Advantage plans and services in partnership with Mission Health, starting Jan. 1, 2022.

Alignment Healthcare Expands into Western North Carolina with the Addition of Mission Health to its 2022 Medicare Advantage Provider Network

ORANGE, Calif., Sept. 28, 2021 (GLOBE NEWSWIRE) -- Medicare Advantage company Alignment Healthcare (NASDAQ: ALHC) today announced the addition of Abrazo Health, a greater Phoenix-based network of hospitals, emergency centers and physician practices, and Tucson-based Carondelet Health Network hospitals, emergency centers and physician practices, to its network starting Jan. 1, 2022. This agreement will expand access to care for Medicare-eligible beneficiaries in Arizona's Maricopa and Pima counties, where Alignment is launching Medicare Advantage plan options in 2022.

Alignment Healthcare Adds Abrazo Health and Carondelet Hospitals to 2022 Medicare Advantage Provider Network in Arizona

ORANGE, Calif., Sept. 22, 2021 (GLOBE NEWSWIRE) -- Mission-based Medicare Advantage company Alignment Healthcare (NASDAQ: ALHC) today announced that CEO and founder John Kao will speak at a keynote session on Thursday, Sept. 23, 2021 at 4:15 p.m. E.T at America's Health Insurance Plans (AHIP)'s 2021 National Conference on Medicare, Medicaid & Dual Eligibles Online .

Alignment Healthcare CEO John Kao to Present at AHIP's 2021 National Conference on Medicare, Medicaid & Dual Eligibles Online

ORANGE, Calif., Sept. 16, 2021 (GLOBE NEWSWIRE) -- Medicare Advantage company Alignment Healthcare (NASDAQ: ALHC) today announced the addition of Arizona Priority Care, a network of community physicians affiliated with the Heritage Provider Network, to its Medicare Advantage partner network in Arizona, starting Jan. 1, 2022. Pending regulatory approval, this agreement provides nearly 1 million Medicare-eligible beneficiaries residing in Maricopa and Pima counties1 access to 450 primary care physicians and 1,200 specialists affiliated with Arizona Priority Care when Alignment debuts its plans in the state in 2022.

Alignment Healthcare Adds Arizona Priority Care to Provider Network

ORANGE, Calif., Sept. 14, 2021 (GLOBE NEWSWIRE) -- Alignment Healthcare , a mission-based Medicare Advantage insurance company, today announced the appointment of health care veteran Dan Peterson as president of its Arizona market. In this newly created position, Peterson will lead the company's expansion in the state and will report to Rajesh Shrestha, president, new markets and chief business officer at Alignment.

Alignment Healthcare Names Dan Peterson as President of Arizona Market

ORANGE, Calif., Aug. 24, 2021 (GLOBE NEWSWIRE) -- As the pandemic continues with new concerns about the COVID-19 Delta variant, Alignment Healthcare (NASDAQ: ALHC) today announced a special blog post on how seniors can continue to stay safe and healthy during the surge. Read the full post here at https://www.alignmenthealthcare.com/What-Seniors-Need-to-Know-about-the-Delta-Variant.

Alignment Healthcare Announces Special Blog Post on What Seniors Need to Know About Staying Safe, COVID-19 Vaccinations and the Delta Variant

ORANGE, Calif., Aug. 19, 2021 (GLOBE NEWSWIRE) -- Medicare Advantage company Alignment Healthcare (NASDAQ: ALHC) today announced the addition of CareMore Health to its provider network in Arizona and Nevada starting Jan. 1, 2022, pending regulatory approvals. This agreement provides new and existing Alignment Health Plan members access to 3,350 CareMore providers, expanding Alignment's care options for seniors during Medicare's annual enrollment period for 2022, which runs Oct. 15 through Dec. 7, 2021.

Alignment Healthcare Enters into Agreement with CareMore Health, Adding More Than 3,000 Providers to its 2022 Provider Network in Arizona and Nevada

ORANGE, Calif., Aug. 16, 2021 (GLOBE NEWSWIRE) -- Alignment Health Plan, a national Medicare Advantage health plan from Alignment Healthcare (NASDAQ: ALHC), and Rite Aid (NYSE: RAD) has signed an agreement to offer a new co-branded Medicare Advantage product that will be available in six Southern California markets1 beginning Jan. 1, 2022, reaching approximately 3.6 million Medicare-eligible residents, pending regulatory approvals.

Alignment Health Plan and Rite Aid to Offer Co-Branded Medicare Advantage Plan for Southern California in 2022

Alignment Healthcare, Inc. (ALHC) CEO John Kao on Q2 2021 Results - Earnings Call Transcript

ORANGE, Calif., Aug. 09, 2021 (GLOBE NEWSWIRE) -- Alignment Healthcare, Inc. (“Alignment Healthcare” or the “Company”) (Nasdaq: ALHC), a mission-based, tech-enabled Medicare Advantage company, today reported financial results for its second quarter ended June 30, 2021.

Alignment Healthcare Reports Second Quarter 2021 Financial Results

ORANGE, Calif., July 29, 2021 (GLOBE NEWSWIRE) -- Award-winning Medicare Advantage company Alignment Healthcare (NASDAQ: ALHC) today announced the appointment of senior health care executive Afzal Shah as senior vice president, California market president. In this role, Shah will be responsible for the overall performance in the company's competitive California market. Currently, Alignment offers plans in 18 counties in California.

Alignment Healthcare Appoints Healthcare Veteran Afzal Shah to Lead Critical Medicare Advantage Market

ORANGE, Calif., July 22, 2021 (GLOBE NEWSWIRE) -- Alignment Health Plan, an award-winning Medicare Advantage prescription drug plan from Alignment Healthcare (NASDAQ: ALHC), and the American Diabetes Association® (ADA) have joined forces for a year-long partnership designed to educate the Alignment community around diabetes management and empower both patients and providers with diabetes resources.

Alignment Health Plan and the American Diabetes Association Partner to Promote Diabetes Education and Resources

ORANGE, Calif., July 07, 2021 (GLOBE NEWSWIRE) -- Alignment Healthcare 's (NASDAQ: ALHC) proprietary technology platform AVA® – or Alignment's Virtual Application – has powered more than 1 million personalized care interactions for its members across the country to date. By unifying member data sets and then assessing the data through more than 160 artificial intelligence models, AVA securely fills care coordination gaps for seniors while also allowing internal and external care teams to anticipate and deliver the right care at the right time.

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