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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.
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.
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