GoHealth, Inc. Provides Earnings Guidance for the Fourth Quarter and Full-Year Ended December 31, 2021
March 01, 2022 at 05:10 pm EST
Share
GoHealth, Inc. provided earnings guidance for the fourth quarter and full-year ended December 31, 2021. Net revenue for the fourth quarter of 2021 is expected to be in the range of $425.0 million to $470.0 million, compared with $445.9 million for the prior year period. Net loss for the fourth quarter of 2021 is expected to be in the range of $52.7 million to $38.8 million, compared with net income of $133.1 million for the prior year period.
For the year, the company expects net revenue to be in the range of $1,040.0 million to $1,085.0 million, compared with $877.4 million for the prior year and the Company's previously issued guidance of $1,200.0 million to $1,300.0 million. Net loss for the year ended December 31, 2021 is expected to be in the range of $155.0 million to $141.0 million, compared with net income of $97.2 million for the prior year and the Company's previously issued guidance of net income in the range of $126.6 million to $156.6 million.
GoHealth, Inc. is a medicare-focused digital health company that operates a health insurance marketplace. The Company primarily offers Medicare plans, including, Medicare Advantage, Medicare Supplement and prescription drug plans. Its technology platform leverages modern machine-learning algorithms powered by insurance behavioral data to reimagine the optimal process for helping consumers find the health plan for their specific needs. Its Medicare Advantage offerings include Special Needs Plans (SNPs). SNPs are special kinds of Medicare Advantage plans that have benefits covering special health care or financial needs. Its Marketplace technology features decision support tools and integrates with health plan partner enterprise systems, enabling agents to quickly select the right health insurance plan for each consumer based on their specific needs and enroll them in those plans. It offers Encompass Connect and Encompass Engage services to its health plan partners.