CHICAGO, July 10, 2024 (GLOBE NEWSWIRE) -- GoHealth, Inc. (GoHealth) (NASDAQ: GOCO), a leading health insurance marketplace and Medicare-focused digital health company, today announced changes to its Board of Directors. GoHealth welcomes Alan Wheatley, former President of Medicare at Humana, and Abhiraj Modi, Managing Director at Centerbridge Partners as its newest members of the Board, filling the open seats made available by the transitions of Joseph Flanagan and Christopher Litchford off of the board. Mr ...

GoHealth welcomes Alan Wheatley, former President of Medicare at Humana, and Abhiraj Modi, Managing Director at Centerbridge Partners as its newest members of the Board, filling the open seats made available by the transitions of Joseph Flanagan and Christopher Litchford off of the board. Mr. Wheatley brings over thirty years of experience in the Medicare space, including over a decade at Humana as a senior executive. Mr. Modi has spent over a decade at Centerbridge focusing on financial services and health ...

CHICAGO, June 18, 2024 (GLOBE NEWSWIRE) -- GoHealth, Inc. (GoHealth) (NASDAQ: GOCO), a leading health insurance marketplace and Medicare-focused digital health company, announced the company will present at the Noble Capital Markets Consumer, Communications, Media, and Technology Emerging Growth Virtual Equity Conference on Wednesday, June 26, 2024, at 2:00 p.m. Eastern Time. A live webcast of the presentation may be accessed through a link that will be posted on GoHealth's Investor Relations website, https ...

Jose Luis Pelaez Inc/DigitalVision via Getty Images GoHealth (NASDAQ:GOCO) is a large-scale broker of insurance products, especially the popular Medicare Advantage plans in which Medicare benefits are delivered by a private insurer, although the company brokers for Medicare supplement plans and other insurance product lines as well. The basic outline of the business model is this: consumers looking for a Medicare plan that best suits their needs can face a vast ocean of choices, with a range of benefit opti ...

CHICAGO, May 22, 2024 (GLOBE NEWSWIRE) -- GoHealth, Inc. (GoHealth) (NASDAQ: GOCO), a leading health insurance marketplace and Medicare-focused digital health company, announced the company will present at the William Blair Growth Stock Conference on Wednesday, June 5, 2024, at 4:20 p.m. Eastern Time. A live webcast of the presentation may be accessed through a link that will be posted on GoHealth's Investor Relations website, https://investors.gohealth.com/. A replay will be available through the same link ...

Financial Data and Key Metrics Changes - GoHealth reported Q1 2024 net revenues of $186 million, an increase from $183 million in the prior year, reflecting a robust performance [22] - Adjusted EBITDA for Q1 2024 was $27 million, slightly down from the same period last year, while cash flow from operations was $12.5 million compared to $20.5 million in Q1 2023, impacted by a one-time payment related to a shareholder lawsuit [23][24] - The trailing 12-month cash flow from operations as of March 31, 2024, was $101 million, an improvement of $74 million compared to the previous year [23] Business Line Data and Key Metrics Changes - The internal captive channel experienced a 20% year-over-year growth in submission volume, driven by enhanced training and marketing efforts [5][22] - Adjusted gross margin per submission increased by 7% year-over-year due to an 8% improvement in sales per submission, despite higher costs [23] Market Data and Key Metrics Changes - The final rate notice from CMS for 2025 is expected to increase margin pressure for health plans, potentially leading to benefit disruptions and increased consumer shopping during the annual enrollment period [7] - GoHealth anticipates that the upcoming annual enrollment period will see more consumers needing to shop due to disruptions in their current benefit plans [38] Company Strategy and Development Direction - GoHealth is transitioning from a traditional Medicare enrollment company to a Medicare engagement company, focusing on building long-term relationships with consumers [11][19] - The company is enhancing its Encompass workflow and launching Encompass Express to improve efficiency and consumer experience [18][28] - Investments are being made in technology to improve consumer engagement and streamline processes [19] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the upcoming annual enrollment period, expecting increased shopping behavior due to market disruptions [38] - The company is committed to exceeding CMS standards and delivering best-in-class service to consumers and health plan partners [15][16] - GoHealth aims to optimize its debt structure while continuing to invest in business growth [25][57] Other Important Information - GoHealth's proprietary PlanFit Checkup tool has been instrumental in enhancing consumer decision-making and is aligned with the final CMS marketing rule [16] - The company has successfully negotiated amendments to its debt agreement, providing additional flexibility for future growth [25] Q&A Session Summary Question: Thoughts on the regulatory environment and CMS rules - Management highlighted that their compensation model is distinct from what CMS is targeting, focusing on providing service rather than incentivizing new enrollments [33][34] Question: Positioning for the upcoming annual enrollment period - Management expects increased shopping behavior due to disruptions in benefit plans, positioning GoHealth as a trusted resource for consumers [38] Question: Expectations for plan switching in the upcoming AEP - Management anticipates higher switching rates compared to previous years, driven by disruptions affecting consumers who typically do not shop [51] Question: Enhancements to the online shopping experience - The company is investing in digital tools to empower consumers to make informed decisions while providing support and transparency [53] Question: Updates on PlanFit Safe compensation arrangements - Management is in discussions with health plans to launch the PlanFit Safe initiative, expecting to test programs in Q2 and Q3 [54] Question: Non-agency revenue and risk of revenue reversals - Management confirmed that increasing non-agency revenue reduces market risk associated with revenue reversals [56] Question: Options for refinancing debt - Management is exploring various refinancing options to optimize debt structure and reduce interest expenses [57][58]

These slides contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, (the "Securities Act") and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). These forward-looking statements are made in reliance upon the safe harbor provision of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts contained in these slides may be forward-looking statements. Statements rega ...

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) Commission File Number: 001-39390 GoHealth, Inc. (Exact name of registrant as specified in its charter) _________________________ (State or other jurisdictio ...

Regulatory Updates "Our first quarter results exceeded our expectations and highlight our team's ability to be innovative and resilient amongst market conditions. The proactive work we have done to drive consumer centricity has been instrumental in our ability to navigate the ever- evolving regulatory landscape. Our model is aligned with CMS's intentions to protect consumers, and the work we have done has prepared us well for the current regulations and those likely to come," said Vijay Kotte, CEO of GoHeal ...

CHICAGO, May 09, 2024 (GLOBE NEWSWIRE) -- GoHealth, Inc. (NASDAQ:GOCO) ("GoHealth" or the "Company"), a leading health insurance marketplace and Medicare-focused digital health company, today announced financial results for the three months ended March 31, 2024. First Quarter Highlights First quarter 2024 net revenues of $185.6 million, a slight increase compared to $183.2 million in the prior year period.First quarter 2024 Submissions of 216,148, a 2,503 increase compared to 213,645 Submissions in the prio ...