Astrana Health, Inc. (ASTH) Q3 2024 Earnings Call Transcript Summary
Astrana Health, Inc. (ASTH) Q3 2024 Earnings Call Transcript Summary
Net income for Q3 was $16.1 million, down 27% from the prior year, influenced by similar timing differences.The following is a summary of the Astrana Health, Inc. (ASTH) Q3 2024 Earnings Call Transcript:
以下是Astrana Health, Inc. (ASTH) 2024年第三季度業績會交易摘要：
Financial Performance:
財務表現:
Astrana Health reported a Q3 2024 revenue of $478.7 million, a 37% increase from the previous year.
Adjusted EBITDA for Q3 was $45.2 million, reflecting a 13% decrease from the prior year, attributed to timing differences in incentive dollars and ACO reach performance.
Net income for Q3 was $16.1 million, down 27% from the prior year, influenced by similar timing differences.
Year-to-date adjusted EBITDA grew by 15%, reaching $135.3 million from $117.6 million in the previous year.
Astrana Health報告2024年第三季度營業收入爲47870萬美元，比去年同期增長37%。
第三季度調整後的EBITDA爲4520萬美元，較去年同期減少13%，歸因於激勵金和ACO覆蓋績效的時間差異。
第三季度淨利潤爲1610萬美元，較去年同期下降27%，受到類似時間差異的影響。
截至目前調整後的EBITDA增長了15%，達到13530萬美元，比去年11760萬美元增長。
Business Progress:
業務進展：
Astrana Health's membership reached approximately 1 million as of September 30, with the company adding over 200 primary care providers and over 900 specialists to its network.
Their full risk business now comprises about 61% of total capitation revenue, up from 46% in the previous year, on track to reach around two-thirds by January 1, 2025.
Acquired Collaborative Health Systems, expanding their reach to about 1.1 million patients across 12 states in value-based care setups.
Astrana Health的會員數量截至9月30日達到約100萬，公司新增了200多名全科醫生和900多名專科醫生加入其網絡。
他們的全風險業務現在佔總定額收入的約61%，較上一年的46%有所增加，預計到2025年1月1日將達到三分之二左右。
收購Collaborative Health Systems，將其覆蓋範圍擴展至12個州大約110萬名患者，涵蓋基於價值的護理設置。
Opportunities:
機會：
The acquisition and integration of Collaborative Health Systems are expected to contribute approximately $450 million in revenue for full year 2025 and reach a breakeven adjusted EBITDA by year-end 2025.
Proposition 35 in California, boosting pay for doctors serving Medi-Cal patients, is seen as a positive influence, allowing Astrana Health to continue their expansion and service enhancement in California.
收購併整合Collaborative Health Systems預計將爲2025年全年貢獻約45000萬美元的營業收入，並在2025年年底實現EBITDA調整後良性平衡。
加利福尼亞的35號提案提高爲Medi-Cal患者提供服務的醫生薪酬，被視爲一個積極因素，使Astrana Health能夠繼續在加利福尼亞擴張和服務升級。
Risks:
風險：
The company noted variations in medical cost trends across business lines, with Medicaid seeing a higher cost trend than expected due to a rate mismatch from Medicaid redetermination, a situation they anticipate will normalize eventually.
公司注意到各業務線醫療成本趨勢存在差異，由於醫療援助重新確定產生費率不匹配的情況，導致Medicaid的成本趨勢高於預期，他們預計這種情況最終會趨於正常化。
Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：本文由人工智能生成。內容準確性無法完全保證。如需更全面詳情，請參閱IR網站。本文僅供投資者參考，不具有任何指導或推薦建議。
