Clover Financials and a Thank You from Andrew Toy

Check out these highlights from Clover’s Q3 financial results press release

• Third quarter Insurance MCR of 86.3% and year-to-date Insurance MCR of 91.7% demonstrate positive momentum.
• The Company updates 2022 full year guidance to include improved 2022 Insurance MCR range of 93% to 94%.
• Clover intends to continue to grow Insurance business at above-market rates in 2023, but will moderate growth to prioritize profitability.
• Company outlines strategic reduction in number of ACO REACH participating physicians in 2023; targeting Non-Insurance MCR below 100%.
• The Company reports strong liquidity, delaying any requirement for additional capital at least through 2023, and potentially beyond.

Read the press release here

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And, as we head into the midpoint of AEP and the upcoming Thanksgiving holiday, please watch this short video from Clover’s President and incoming CEO, Andrew Toy.