Bright Health Group

Bright Health Group, Inc. engages in the provision of healthcare products and services for consumers and care providers in local markets. It offers individual and family, and Medicare Advantage health plans. It operates through the Bright HealthCare and NeueHealth segments. The Bright HealthCare segment offers commercial and Medicare health plan products. The NeueHealth segment provides care delivery and value-based enablement services. The company was founded by Robert J. Sheehy, Tomas Valdivia, and Kyle Rolfing in 2015 and is headquartered in Minneapolis, MN.

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Bright Health Group targets EBITDA profitability in 2023 amid challenges

Bright Health Group (BHG) aims for adjusted EBITDA profitability in 2023, focusing on value-driven care and consumer growth across segments.
Challenges from discontinued operations and the need for additional capital highlight the importance of financial management and operational efficiency.
Strong liquidity position and strategic actions to improve operating expenses position BHG for sustained growth and profitability in the healthcare insurance market.
Management's strategic planning and focus on comparable performance in 2023 demonstrate a commitment to financial stability and operational excellence.

Bright Health Group reports strong Q1 performance and strategic shifts

Bright Health Group's Q1 2023 performance reflects financial stability and growth potential in key segments.
Operational strengths in Consumer Care and prudent risk management position the company for sustainable success.
Challenges in transitioning Medicare Advantage business and achieving profitability require strategic focus.
Strategic opportunities in portfolio optimization and revenue growth pave the way for future success.

Bright Health Group posts strong Q2 earnings, eyes sustained growth

Bright Health Group's Q2 2023 earnings call highlighted robust financial results, strategic initiatives to drive growth, and a focus on long-term sustainability. The company's positive operating income, revenue growth, and adjusted EBITDA signify operational strength and progress towards profitability. While facing challenges in a competitive market, Bright Health Group is well-positioned to leverage opportunities in value-driven care and partnerships for future expansion.

Bright Health Group reports strong Q3 performance and strategic divestiture

Bright Health Group's Q3 2023 performance reflects resilience, strategic planning, and a commitment to quality healthcare services amidst industry challenges.
Despite facing headwinds like the wind down of ACA insurance business and external impacts, the company maintains a strong financial position and focuses on profitability.
Strategic divestitures, operational improvements, and a clear outlook for growth underscore Bright Health Group's potential for sustainable success in the healthcare sector.
With a focus on innovation, value-based care, and financial discipline, Bright Health Group navigates challenges to seize opportunities for future growth and market leadership.

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NeueHealth, Inc. engages in the provision of healthcare products and services for consumers and care providers in local markets. It offers individual and family, and Medicare Advantage health plans. It operates through the Bright HealthCare and NeueHealth segments. The Bright HealthCare segment offers commercial and Medicare health plan products. The NeueHealth segment provides care delivery and value-based enablement services. The company was founded by Robert J. Sheehy, Tomas Valdivia, and Kyle Rolfing in 2015 and is headquartered in Doral, FL.

NEW YORK--(BUSINESS WIRE)--WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of the securities of Bright Health Group, Inc. (NYSE: BHG): (i) pursuant and/or traceable to the registration statement and prospectus (collectively, the “Registration Statement”) issued in connection with the Company's June 24, 2021 initial public offering (the “IPO”); and/or (ii) between June 24, 2021 and November 10, 2021, inclusive (the “C

BHG EQUITY ALERT: ROSEN, A TOP RANKED LAW FIRM, Announces Filing of Class Action Lawsuit Against Bright Health Group, Inc. – BHG

NEW YORK, Jan. 6, 2022 /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against Bright Health Group, Inc. ("Bright Health", or the "Company") (NYSE: BHG) and one of its officers. The class action, filed in United States District Court for the Eastern District of New York, and docketed under 22-cv-00101, is on behalf of a class consisting of all persons other than Defendants who purchased or otherwise acquired: (a) Bright Health common stock pursuant and/or traceable to the Offering Documents (defined below) issued in connection with the Company's initial public offering conducted on or about June 24, 2021 (the "IPO" or "Offering"); and/or (b) Bright Health securities between June 24, 2021 and November 10, 2021, both dates inclusive (the "Class Period").

Pomerantz Law Firm Announces the Filing of a Class Action Against Bright Health Group, Inc. - BHG

MINNEAPOLIS--(BUSINESS WIRE)--Bright Health Group, Inc. ("Bright Health Group" or the "Company") (NYSE: BHG), the first technology-enabled fully aligned system of care, built for healthcare's consumer retail market, today announced that Mike Mikan, President and CEO, and Cathy Smith, Chief Financial and Administrative Officer, will participate in the 40th Annual J.P. Morgan Healthcare Conference, including a presentation and discussion on Tuesday, January 11, 2022, at 3:00 p.m. E.T. A live webc

Bright Health Group Announces Participation in J.P. Morgan Healthcare Conference

MINNEAPOLIS--(BUSINESS WIRE)--Bright Health Group, Inc. ("Bright Health Group" or the "Company") (NYSE: BHG), the first technology-enabled fully aligned system of care, built for healthcare's consumer retail market, today announced the closing of its previously announced offering of Series A convertible perpetual preferred stock (the "Series A Preferred"). A total of 750,000 shares of the Company's Series A Preferred were sold to certain subsidiaries of Cigna Corporation and certain affiliates

Bright Health Group Announces Closing of $750 Million Capital Raise to Support Continued Growth

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Why Bright Health Group's Shares Are Up 29.5% This Week

Investors need to pay close attention to Bright Health Group (BHG) stock based on the movements in the options market lately.

Are Options Traders Betting on a Big Move in Bright Health Group (BHG) Stock?

The stock price of Bright Health Group Inc (NYSE: BHG) increased by over 15% pre-market today. This is why it happened.

Bright Health Group (BHG) Stock: Why The Price Jumped Today

MINNEAPOLIS--(BUSINESS WIRE)--Bright Health Group, Inc. ("Bright Health Group” or the "Company") (NYSE: BHG), the first technology-enabled fully aligned system of care, built for healthcare's consumer retail market, today reaffirmed 2021 guidance of $4.1 to $4.2 billion in Revenue and introduced 2022 guidance that includes significant growth across both NeueHealth and Bright HealthCare businesses. At today's investor day, the management team will speak to Bright Health Group's next phase of gro

Bright Health Group Introduces 2022 Expectations of Over $6 Billion in Revenue Ahead of Inaugural Investor Day

MINNEAPOLIS--(BUSINESS WIRE)--Bright Health Group, Inc. ("Bright Health Group” or the "Company") (NYSE: BHG), the first technology-enabled fully aligned system of care, built for healthcare's consumer retail market, today announced a $750 million financing to support continued growth. The financing includes a strategic investment by Cigna Ventures, the corporate venture capital partner and wholly owned indirect subsidiary of Cigna Corporation (“Cigna”), as a new investor in the company. The Com

Bright Health Group Announces $750 Million Capital Raise to Support Continued Growth

MINNEAPOLIS--(BUSINESS WIRE)--NeueHealth, the rapidly growing care delivery and provider enablement business of Bright Health Group (NYSE: BHG), is expanding access to care through new and existing relationships with external payors and affiliate provider groups next year. It plans to open at least 25 new clinics across three states including Florida, Texas, and North Carolina, bringing its total owned clinic footprint to over 70 in early 2022. In addition, NeueHealth intends to bring its align

NeueHealth's Differentiated Alignment Model Expecting Strong Growth in 2022

GAINESVILLE, Fla., Nov. 23, 2021 /PRNewswire/ -- Bright HealthCare ¹  is excited to announce University of Florida Health is now part of its provider network across Northeast, North Central and Central Florida.

University of Florida Health is Now Participating in The Bright HealthCare Medicare and Individual Family Plans Networks

SARASOTA, Fla., Nov. 23, 2021 /PRNewswire/ -- Bright HealthCare is excited to announce new healthcare plan options in Sarasota for Floridians eligible for Marketplace and Medicare Advantage (MA) products.

Sarasota Memorial Hospital and First Physicians Group are Now Participating in The Bright HealthCare Medicare and Individual Family Plans Network

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Bright Health Group, Inc. (BHG) CEO Mike Mikan on Q3 2021 Results - Earnings Call Transcript

MINNEAPOLIS--(BUSINESS WIRE)--Bright Health Group, Inc. (“Bright Health” or the “Company”) (NYSE: BHG), a diversified healthcare services company building a technology-enabled, fully-aligned, national Integrated System of Care personalized for consumers, today reported financial results for its third quarter ended September 30, 2021. “I am pleased with our continued growth and overall performance in the face of a uniquely challenging year, but more importantly, on our prospects for the future,”

Bright Health Group Reports Third Quarter 2021 Results

The average of price targets set by Wall Street analysts indicates a potential upside of 120.5% in Bright Health (BHG). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

How Much Upside is Left in Bright Health (BHG)? Wall Street Analysts Think 120%

CHARLOTTE, N.C.--(BUSINESS WIRE)--Bright HealthCare (“Bright Health”), a leading tech-enabled health insurance carrier, announced a new partnership with MedArrive, a healthcare platform that enables payers and providers to extend medical services into the home. Through the program, which recently kicked off in Charlotte, North Carolina, Bright Health is tapping into MedArrive's network of highly skilled EMS professionals within the community to conduct in-home preventive health visits, coupled

Bright HealthCare Partners with MedArrive to Deliver Quality, In-Home Care to Vulnerable Populations in North Carolina

DAVIS, Calif.--(BUSINESS WIRE)--Joywell Foods, a food technology and consumer goods company specializing in sweet plant proteins, announces the appointment of Ali Wing as Chief Executive Officer who joined earlier this year. Wing comes to Joywell as an experienced growth leader. Most recently, Wing served as the chief consumer officer of a healthcare technology company, Bright Health (NYSE: BHG). Prior to Bright Health, Ali's career has spanned consumer goods, retail and technology as a brand l

Ali Wing Joins Joywell Foods as Chief Executive Officer and Announces Fall Bay Area Joywell Sampling Events

The consensus price target hints at an 88.8% upside potential for Bright Health Group, Inc. (BHG). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

Wall Street Analysts Think Bright Health Group, Inc. (BHG) Could Surge 89%: Read This Before Placing a Bet

RALEIGH, N.C.--(BUSINESS WIRE)--Bright HealthCare announced today that it is expanding its affordable health plan options for individuals and families in North Carolina and is also growing its care network to include new Care Partners. These new health plan options are available starting Nov. 1, 2021, to individuals and families purchasing health insurance on the state based exchange. The expansion grows Bright HealthCare's North Carolina footprint to 56 counties, reaching over 367,000 potentia

Bright HealthCare Expands Affordable Health Plan Options and Care Delivery Network in North Carolina

MINNEAPOLIS--(BUSINESS WIRE)--Bright HealthCare (the health plan division of Bright Health Group, Inc.) expands Employer Solutions to new markets1, providing small and mid-size businesses with broader access to our Care Partner systems with attractive costs and multiple funding options. “Our integrated model uses new technology to connect members to high-value care partners and increase member engagement. We have demonstrated that our model works in local markets across the United States to dri

Bright HealthCare Employer Solutions Business Expands to Arizona and North Carolina in 2022 and Broadens Product Benefits

TUCSON, Ariz.--(BUSINESS WIRE)--Bright HealthCare1 today announced that it is expanding plan options to over 236,000 eligible Pima County residents who qualify for Medicare. Affordable plan options, including $0 premium options, are also available to Pima County individuals and families who purchase health insurance on the Arizona ACA marketplace. The addition of Medicare Advantage expands Bright HealthCare's service in Pima County, where it has operated since 2018. “Building on our promise of

Bright HealthCare Expands Affordable Health Plan Options in Pima County

PHOENIX--(BUSINESS WIRE)--Bright HealthCare1 today announced its affordable health plan options for Maricopa County individuals, families and Medicare recipients as many Arizona residents are reviewing their health plan options for the upcoming year. Individuals and families who purchase health insurance on the Affordable Care Act (“ACA”) marketplace will be able to choose their plan starting Nov. 1 until Jan. 15, 2022. Coverage purchased on or before December 15, 2021, will start on January 1,

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