GoHealth, Inc.

GoHealth, Inc. is a digital health company, which engages in the provision of insurance services. It operates through the following business segments: Medicare-Internal, Medicare-External, Individual and Family Plans (IFP) and Other-Internal, and IFP and Other-External. The Medicare-Internal segment consists of the sale of products and plans by GoHealth-employed agents. The Medicare-External segment covers the sale of products and plans under GoHealth's carrier contracts using an independent, national network of agents, or external agencies, which are not employed by GoHealth. The IFP and Other-Internal segment offers individual and family plans, dental plans, vision plans and other ancillary plans to individuals that are not Medicare-eligible by GoHealth-employed agents, offering qualified prospects plans from multiple carriers. The IFP and Other-External segment consists of the sale of products and plans using external agencies not employed by GoHealth. The company was founded by Clint Jones and Brandon Cruz in 2001 and is headquartered in Chicago, IL.

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GoHealth reports robust Q4 earnings, poised for growth in 2023

GoHealth's Q4 2022 earnings call highlighted strong financial results, operational efficiencies driven by the Encompass solution, and a strategic focus on growth and customer experience enhancements. The company's performance metrics and revenue outlook for 2023 indicate a positive trajectory and commitment to sustainable growth.

GoHealth reports robust Q1 earnings driven by Encompass technology

GoHealth's Q1 2023 earnings call highlighted strong financial performance driven by the Encompass technology platform. The company showcased revenue of $183 million, adjusted EBITDA of $29 million, and reiterated guidance for the year. Challenges include navigating transitions and regulatory impacts, while opportunities exist in leveraging Encompass for further growth.

GoHealth reports strong Q2 earnings, rejects acquisition proposal

GoHealth delivered a strong performance in Q2 2023, with positive financial results and operational improvements. Despite anticipating challenges in Q3, the company remains focused on growth opportunities and shareholder value. GoHealth's rejection of an acquisition proposal underscores its commitment to maintaining value and governance standards.

GoHealth reports robust Q3 earnings, invests in tech for growth

GoHealth's strong performance in Q3, driven by revenue growth and innovative tools like Plan Fit, positions the company well for future success. Despite revenue constraints, the company's focus on consumer relationships and technology investments offer promising growth avenues.

GoHealth, Inc. reports strong Q4 earnings, eyes growth through consumer trust

GoHealth, Inc. is focused on transforming the consumer healthcare journey, building trusted relationships, and delivering value to consumers, shareholders, health plans, and regulators. The company's long-term outlook emphasizes growing cash flow alongside earnings for sustainable growth, with continued investments in technology and operational strategies to enhance consumer experience.

GoHealth surpasses Q1 expectations, eyes growth amidst market challenges

GoHealth's Q1 2024 performance exceeded expectations, showcasing strong financial results and operational efficiency amidst market challenges and regulatory impacts.
The company's strategic strengths in consumer empowerment, Encompass workflow, and debt refinancing position it well for growth and market responsiveness.
Challenges in market dynamics and regulatory compliance present operational hurdles, while opportunities in consumer engagement and AEP dynamics offer avenues for growth and revenue expansion.

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GoHealth, Inc. is a digital health company, which engages in the provision of insurance services. The firm’s proprietary technology platform leverages machine-learning algorithms, powered by insurance purchasing behavior, to reimagine the process of matching a health plan to a consumer’s specific needs. The company was founded by Clint P. Jones and Brandon M. Cruz in 2001 and is headquartered in Chicago, IL.

CHICAGO, June 14, 2021 /PRNewswire/ -- GoHealth, Inc. (GoHealth) (NASDAQ: GOCO), a leading health insurance marketplace and Medicare-focused digital health company, announced today that it had refinanced $296 million of its outstanding term loan. The Company's amended credit facility lowers the interest rate to 4% and reduces the Company's annual borrowing costs by over $7 million.

GoHealth Amends Credit Agreement

CHICAGO, June 14, 2021 /PRNewswire/ -- GoHealth, Inc. (GoHealth) (NASDAQ: GOCO), a leading health insurance marketplace and Medicare-focused digital health company, was named to the Crain's Chicago Business 2021 Fast 50 Feature, which highlights the 50 fastest-growing companies in the Chicago area. The companies featured were ranked by percentage revenue growth from 2015 through 2020.

GoHealth Makes Crain's Chicago Business List of 50 Fastest-Growing Companies in Chicago

CHICAGO, June 7, 2021 /PRNewswire/ -- GoHealth, Inc. (GoHealth) (NASDAQ: GOCO), a leading health insurance marketplace and Medicare-focused digital health company, will participate in this year's virtual World Health Care Congress (WHCC21), from June 8-10, 2021. This is GoHealth's first time participating.

GoHealth Executives to Speak at the World Health Care Congress

CHICAGO, May 27, 2021 /PRNewswire/ -- GoHealth, Inc. (GoHealth) (NASDAQ: GOCO), a leading health insurance marketplace and Medicare-focused digital health company, announced that the company will participate in the William Blair Growth Stock Conference on June 1, 2021, at 11 a.m. (ET). Clint Jones, co-founder and CEO, and Travis Matthiesen, CFO, will share commentary with investors around the company's business strategy.

GoHealth to Present at William Blair Growth Stock Conference on June 1, 2021

CHICAGO, May 13, 2021 /PRNewswire/ -- The dichotomy between rural and urban healthcare is not going anywhere, but the contrast of Medicare beneficiaries based on geography may be less glaring than expected. A recent study examined access to health care, Medicare satisfaction, and healthcare utilization.

GoHealth Survey Shows Similarities and Shared Potential Among Rural and Urban Medicare Beneficiaries

GoHealth, Inc. (GOCO) CEO Clint Jones on Q1 2021 Results - Earnings Call Transcript

CHICAGO, May 12, 2021 /PRNewswire/ -- GoHealth, Inc. (NASDAQ: GOCO), a leading health insurance marketplace and Medicare-focused digital health company, announced financial results for the three months ended March 31, 2021. First quarter 2021 net revenue of $204.2 million increased 45% compared to the prior year period First quarter 2021 Medicare—Internal revenue of $157.4 million increased 65% compared to the prior year period First quarter 2021 Medicare Advantage ("MA") Approved Submissions of 171,127 increased 48% compared to the prior year period First quarter 2021 MA LTV Per Approved Submission of $995 increased 17% compared to the prior year period First quarter 2021 net loss of $7.3 million compared to a net loss of $0.9 million in prior year period; Adjusted EBITDA1 of $32.0 million decreased 8% compared to the prior year period due to the 2021 strategic investments in agent capacity, marketplace technology, branding and Encompass Platform The Company reaffirmed its full year 2021 outlook, and expects total net revenue of $1,150 - $1,300 million (+31% to +48%) powered by commission net revenue of $950 - $1,100 million (+42% to +64%).

GoHealth Reports First Quarter 2021 Results

CHICAGO, April 28, 2021 /PRNewswire/ -- GoHealth, Inc. (GoHealth) (NASDAQ: GOCO), a leading health insurance marketplace and Medicare-focused digital health company, announced that the company will release its financial results for the first quarter of fiscal year 2021 on May 12, 2021 after 4:00 p.m. (ET), followed by a conference call/live audio webcast to discuss the results at 5:00 p.m.

GoHealth's First Quarter 2021 Earnings Release and Conference Call Scheduled for May 12, 2021

CHICAGO, April 22, 2021 /PRNewswire/ -- A recent survey of 1,000 U.S. adults, ages 65 and older, indicates that fully COVID-vaccinated older adults are already defining a 'new normal' but express uncertainty about fully returning to pre-COVID norms and behaviors. GoHealth, Inc. (GoHealth) (NASDAQ: GOCO), a leading health insurance marketplace and Medicare-focused digital health company, surveyed older adults to learn how life has changed since the COVID vaccine was introduced.

Survey: Older Adults Balance Caution with Lifestyle Changes Amid Vaccine Progress

CHICAGO, April 22, 2021 /PRNewswire/ -- GoHealth, Inc. (GoHealth) (NASDAQ: GOCO), a leading health insurance marketplace and Medicare-focused digital health company, examines how risk factors outside the scope of traditional healthcare can be mitigated through supplemental benefits offered by Medicare Advantage (MA) plans. These extra benefits—such as free meal delivery, transportation to and from appointments, and even community connections—are underutilized by MA beneficiaries, despite their efficacy in addressing some of seniors' greatest health risk factors.

GoHealth Examines Role of Medicare Advantage Supplemental Benefits in Addressing Seniors' Social Determinants of Health Disparities

CHICAGO, March 26, 2021 /PRNewswire/ -- GoHealth, Inc. (GoHealth) (NASDAQ: GOCO), a leading health insurance marketplace and Medicare-focused digital health company, examines the role of Value-Based Care (VBC) in Medicare Advantage (MA) following its recent analysis revealing that, when considering health plan designs available in the marketplace, the VBC model in Medicare Advantage could be an ideal alternative for seniors to achieve optimal care and cost-savings due to its primary focus on quality care. Value-Based Care (VBC), a model of care based on quality, not the quantity of services, is the "standard of care" to treat seniors 65 and over holistically, and help them achieve lower costs and quality care during a critical period in their lives.

GoHealth Explores How Value-Based Care in Medicare Advantage Could Help Seniors Achieve Quality Care and Cost-Savings

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GoHealth, Inc. (GOCO) CEO Clint Jones on Q4 2020 Results - Earnings Call Transcript

CHICAGO, March 8, 2021 /PRNewswire/ -- GoHealth, Inc. (NASDAQ: GOCO), a leading health insurance marketplace and Medicare-focused digital health company, announced financial results for the three and twelve months ended December 31, 2020. Fourth quarter 2020 net revenue of $445.9 million...

GoHealth Reports Fourth Quarter and Fiscal 2020 Results

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Earnings Previews: Stitch Fix, Dick's Sporting Goods, GoHealth

CHICAGO, March 4, 2021 /PRNewswire/ -- GoHealth, Inc. (GoHealth) (NASDAQ: GOCO), a leading health insurance marketplace and Medicare-focused digital health company, announced that the company will participate in the Barclays Global Healthcare Conference on March 10, 2021 at 10:20 a.m....

GoHealth to Present at Barclays Global Healthcare Conference on March 10, 2021

CHICAGO, March 3, 2021 /PRNewswire/ -- GoHealth, Inc. (GoHealth) (NASDAQ: GOCO), a leading health insurance marketplace and Medicare-focused digital health company, announced that the company will participate in the Truist Securities 2021 Technology, Internet & Services Virtual Conference...

GoHealth to Present at Truist Securities 2021 Technology, Internet & Services Virtual Conference on March 9, 2021

CHICAGO, Feb. 25, 2021 /PRNewswire/ -- While Medicare Advantage enrollment across the country is higher than it has ever been, a recent survey of Medicare beneficiaries by GoHealth (Nasdaq:GOCO) showed that general awareness of the plan and its options is not keeping pace. And though the...

New Study: Knowledge & Awareness of Medicare Advantage & Supplement Plans Remain Low Despite High Enrollment

CHICAGO, Feb. 17, 2021 /PRNewswire/ -- GoHealth, Inc. (GoHealth) (NASDAQ: GOCO), a leading health insurance marketplace and Medicare-focused digital health company, announced that the company will release its financial results for the fourth quarter and fiscal year 2020 on March 8, 2021...

GoHealth's Fourth Quarter and Fiscal Year 2020 Earnings Release and Conference Call Scheduled for March 8, 2021

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Better pricing, strong retention, new business, favorable renewals, reinsurance agreements are likely to benefit Cincinnati Financial (CINF), Manulife (MFC), Sun Life (SLF), GoHealth (GOCO) Q4 results.

Insurance Stocks' Q4 Earnings Due on Feb 10: CINF, MFC & More

GoHealth acts as a health insurance marketplace to provide Medicare beneficiaries with the best options for coverage, quality of care, and cost. High revenue growth and healthy LTV/CAC ratios indicate earnings potential should meaningfully improve going forward.

GoHealth: Buying Quality Insurance, Cheaply

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This growing online platform is looking to dominate the business of Medicare enrollment and improve access to healthcare in America.

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