Item 7.01 Regulation FD Disclosure.
Members of
Update on Fourth Quarter Inpatient Utilization and AEP Performance
Inpatient utilization is one of the Company's key determinants of overall
medical expense. While the impact of the COVID-19 pandemic continues to evolve,
the Company's inpatient utilization in the fourth quarter of 2021 is estimated
at approximately 155 admissions per thousand, which represents approximately 5%
better performance than management contemplated when the Company released its
fourth quarter earnings guidance on
Additionally, the Company has completed the Annual Enrollment Period ("AEP") for
2022 and currently estimates that it will have approximately 92,700 members
enrolled in its HMO and PPO contracts ("Health Plan Members") as of
Cautionary Statement
This Current Report on Form 8-K contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended, and the Private
Securities Litigation Reform Act of 1995, as amended. Forward-looking statements
are subject to risks and uncertainties and are based on assumptions that may
prove to be inaccurate, which could cause actual results to differ materially
from those expected or implied by the forward-looking statements. Actual results
may differ materially from the results predicted, and reported results should
not be considered as an indication of future performance. Important risks and
uncertainties that could cause our actual results and financial condition to
differ materially from those indicated in the forward-looking statements
include, among others, the following: the Company's ability to attract new
members and enter new markets; its ability to maintain a high rating for its
plans on the Five Star Quality Rating System; risks associated with being a
government contractor; changes in laws and regulations applicable to its
business model; changes in market or industry conditions and receptivity to its
technology and services; results of litigation or a security incident; the
impact of shortages of qualified personnel and related increases in labor costs;
and the impact of COVID-19 on its business and results of operation. For a
detailed discussion of the risk factors that could affect the Company's actual
results, please refer to the risk factors identified in its
--------------------------------------------------------------------------------
© Edgar Online, source