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Bright Health Group Inc   (BHG)
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Price: $16.3500 $1.40 9.365%
Day's High: $16.35 Week Perf: 36.25 %
Day's Low: $ 14.52 30 Day Perf: 213.82 %
Volume (M): 29 52 Wk High: $ 22.00
Volume (M$): $ 477 52 Wk Avg: $7.45
Open: $15.00 52 Wk Low: $0.13



 Market Capitalization (Millions $) 130
 Shares Outstanding (Millions) 8
 Employees -
 Revenues (TTM) (Millions $) -2,631,141
 Net Income (TTM) (Millions $) -1,474
 Cash Flow (TTM) (Millions $) -882
 Capital Exp. (TTM) (Millions $) 9

Bright Health Group Inc
Bright Health Group Inc. is a healthcare company based in Minneapolis, Minnesota. The company was founded in 2015 and aims to provide affordable, efficient, and personalized healthcare solutions to its customers. Bright Health offers individual and family health insurance plans, Medicare Advantage plans, and provider-sponsored health plans.

The company focuses on creating a positive and collaborative experience for its customers by partnering with local care providers, hospitals, and other medical facilities. This approach allows Bright Health to offer its customers high-quality medical care through a wide network of healthcare providers.

Bright Health's individual and family health insurance plans vary by location but typically cover medical and prescription drug costs, preventive care, mental health, and dental and vision care. The company offers Medicare Advantage plans in select states, which provide comprehensive healthcare coverage that is tailored to the specific needs of older customers.

Provider-sponsored plans are one of Bright Health's unique offerings. These plans are designed in partnership with local healthcare providers, allowing them to offer customized healthcare coverage to their patients. Provider-sponsored plans give providers greater control over the types of care they provide, which helps to improve outcomes and lower costs.

Bright Health has rapidly expanded since its founding, offering its services in 50 markets across 13 states in the United States. The company has raised over $1.5 billion in funding from investors including Bessemer Venture Partners, Greenspring Associates, and Flare Capital Partners.

Overall, Bright Health is an innovative and customer-focused healthcare company that aims to improve the quality, accessibility, and affordability of healthcare for all Americans. By partnering with local care providers, the company is able to offer a personalized and comprehensive healthcare experience to its customers.


   Company Address: 8000 Norman Center Drive, Suite 900 Minneapolis 55437 MN
   Company Phone Number: 238-1321   Stock Exchange / Ticker: NYSE BHG
   


   

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Business Update

Bright Health Group Inc Rebrands as NeueHealth Amid Revenue Contraction

Published Wed, Jan 17 2024 9:05 PM UTC

Bright Health Group Inc., a prominent public player in the healthcare industry listed on NYSE as BHG, has announced a pivotal corporate rebranding. The firm has chosen to adopt 'NeueHealth' as its new corporate brand name as it continues to emphasize its business's value-driven, consumer-centric care. The adoption of NeueHealth as the corporate brand is a strategic move refl...

Business Update

Bright Health Divests California Medicare Advantage Business, Paving the Way to a Focused Future

Published Tue, Jan 2 2024 9:30 PM UTC

Bright Health Group, Inc. (NYSE: BHG), a renowned technology-enabled healthcare company, has recently finalized the sale of its California Medicare Advantage business, including Brand New Day and Central Health Plan, to Molina Healthcare, Inc., effective January 1, 2024. In addition, the company successfully repaid its amended credit facility concurrent with the sale. This a...

Bright Health Group Inc

Bright Health Group Inc Faces a Financial Rollercoaster in the Third Quarter of 2023

Bright Health Group Inc (BHG) recently disclosed its disastrous fiscal period closing on September 30, 2023, revealing a significant decline in revenue and an alarming increase in net loss per share compared to the previous reporting period. The company's revenue plummeted by a staggering -83.496% to $269.40 million, while the net loss per share surged to $-81.03, a substantial increase from the prior year's figure of $-15.70 per share.
Furthermore, the company experienced a sequential deterioration in revenue with a decrease of -9.592% from $297.98 million. This paints a bleak picture for Bright Health Inc, indicating a notable decline in its financial performance.

Bright Health Group Inc

Bright Health Group Inc. Plummets to Catastrophic Financial Depths, Leaving Competitors in the Dust

Bright Health Group Inc (BHG), a prominent player in the Accident & Health Insurance sector, recently released its financial results for the April to June 30, 2023 time-frame, revealing a disastrous performance. The company witnessed an alarming decline in revenue, plunging by 83.766% to $297.98 million compared to the same period last year. Furthermore, the net deficit per share widened to $-15.70, showcasing adverse financial results compared to the previous year.
In stark contrast to BHG's struggling performance, the remaining companies within the Accident & Health Insurance sector experienced a noteworthy 8.97% increase in revenue during the second quarter of 2023, compared to the same period last year. This puts BHG's underperformance into sharper perspective. The decline in revenue from $756.34 million to $297.98 million, representing a 60.602% decrease from the prior financial reporting period, is concerning for investors.






 

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