Hospital & Medical Service PlansIFRS · EUR

NeueHealth, Inc.

NeueHealth, Inc. is a U.S.-based healthcare services company organized around value-based care delivery and provider enablement. Its continuing operations are centered on NeueCare, which operates owned primary care clinics and affiliated care networks, and NeueSolutions, which provides technology, services, and clinical support for providers participating in performance-based arrangements.

Liikevaihto937milj. EUR
−19,3 %v/v
Liikevoitto (EBIT)−107milj. EUR
+81,4 %v/v
EBIT-marginaali−11,5%
+38,2 %-yks.v/v
Nettotulos−135milj. EUR
+88,3 %v/v
Vapaa kassavirta−126milj. EUR
+95,4 %v/v

Tilikausi 2024 · muutos edellisvuodesta

Kehitys 2019–2024

−1 000−50005001 0001 5002 000milj. EUR2019: 281 milj. EUR2019: EBIT −125 milj. EUR20192020: 1 207 milj. EUR2020: EBIT −258 milj. EUR20202021: 1 513 milj. EUR2021: EBIT −344 milj. EUR20212022: 751 milj. EUR2022: EBIT −622 milj. EUR20222023: 1 161 milj. EUR2023: EBIT −577 milj. EUR20232024: 937 milj. EUR2024: EBIT −107 milj. EUR2024937−107
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
NeueCare value-based care delivery70 %

Owned clinics and affiliated care networks that manage patient care under risk-bearing arrangements.

Capitated and fee-for-service care20 %

Medical services and capitated revenue tied to attributed consumers across ACA, Medicare, and Medicaid.

NeueSolutions enablement services10 %

Technology, clinical, and administrative services that help providers operate in value-based models.

Asiakkaat

NeueHealth serves consumers enrolled through payor relationships across ACA Marketplace, Medicare, and Medicaid, with care delivered through owned clinics and affiliated providers. It also sells enablement services to providers and provider groups that want to participate in value-based reimbursement models such as ACO REACH and MSSP. Payors, providers, and attributed consumers are all part of the company’s operating model because it sits between insurance financing and clinical delivery.

ACA Marketplace consumers

Consumers enrolled through payor partnerships who receive primary and coordinated care under value-based arrangements.

Medicare beneficiaries

Older adults attributed to risk-bearing clinics, ACO REACH, or MSSP arrangements for managed care delivery.

Medicaid members

Lower-income consumers served through capitated and coordinated care models with external payors.

Provider organizations

Physicians and provider groups buying enablement tools, clinical support, and operating services for value-based care.

Payor partners

Health plans and other payors contracting for delegated care management and consumer attribution.

Strategia

NeueHealth is focused on expanding value-based care across more consumer populations and product categories while deepening relationships with payors and providers. It is also pursuing geographic expansion and broader provider enablement so that more care can be delivered through coordinated, performance-based arrangements.

Expand consumer reach across product categoriesLyhyt aikaväli

Diversifying the populations served broadens the addressable market and reduces reliance on any one line of business.

Grow through payor and provider partnershipsLyhyt aikaväli

The model depends on contracted relationships that route attributed lives and enable risk-bearing care delivery.

Expand geographic footprintKeskipitkä aikaväli

Local market presence is central to delivering coordinated care and building consumer and provider trust.

Strengthen value-based care platform capabilitiesKeskipitkä aikaväli

Technology, analytics, and clinical coordination support performance-based reimbursement and operating scale.

Maantiede

NeueHealth operates in the United States, with care delivery tied to local markets where its clinics and provider relationships are established. The business model depends on community-based care access and on expanding into additional geographies where payor and provider partnerships can support value-based care. Because the company’s services are delivered locally, market expansion and clinic footprint are important to growth and operating execution.

Riskit

NeueHealth’s business depends on maintaining payor contracts, accurately managing medical risk, and keeping enough attributed lives in its care models. It also faces liquidity and going-concern risk disclosed in the filing, plus the usual reimbursement, regulatory, and execution risks that affect value-based healthcare operators.

Järjestetty vakavuuden mukaan
Liquidity and going-concern riskKriittinen

Management disclosed that existing cash and investments may not be sufficient for the next twelve months and that access to additional liquidity is uncertain.

Kohdistuu: Corporate funding and operating continuity

Payor concentration and contract renewal riskKorkea

Revenue depends on third-party payor relationships and attributed consumer volumes, which can change with contract terms or partner decisions.

Kohdistuu: Capitated revenue and consumer growth

Medical cost and utilization riskKorkea

Under risk-bearing arrangements, higher-than-expected utilization can pressure economics if care management does not offset claims costs.

Kohdistuu: NeueCare and risk-bearing clinics

Regulatory and reimbursement riskKorkea

The company operates in ACA, Medicare, Medicaid, ACO REACH, and MSSP environments that are subject to policy and payment changes.

Kohdistuu: Government and commercial healthcare programs

Execution risk in expansionKeskitaso

Growth depends on entering new geographies and scaling provider enablement without disrupting care quality or partner relationships.

Kohdistuu: Clinic footprint and enablement platform

Kirjanpito

Harkinnanvaraiset erät
Capitated and service revenue recognition

Revenue is tied to member attribution, contract terms, and service delivery, which can shift period to period.

Vaikutus: Affects reported growth and segment comparability

Medical cost estimation

Risk-bearing care requires estimates for claims and utilization that may not be fully settled at period end.

Vaikutus: Affects gross margin and operating income

Discontinued operations

Bright HealthCare - Commercial is reported in discontinued operations, changing the shape of continuing results.

Vaikutus: Affects trend analysis and segment interpretation

Impairment of intangible assets

The filing references intangible asset impairment, which can reflect changes in asset recoverability assumptions.

Vaikutus: Can materially reduce reported earnings

Contingent consideration and financing arrangements

Sale proceeds, indemnity-related amounts, and debt access conditions can affect cash flow and balance sheet presentation.

Vaikutus: Affects liquidity assessment and non-operating volatility

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

Päivitetty: 24.9.2026