BHG - Bright Health Group expects FY23 revenue to be below consensus
- Healthcare technology company Bright Health Group ( NYSE: BHG ) said it expects FY23 revenue to be between $3.4B and $3.6B, vs. a consensus of $3.83B.
- Also, the company reinforced its 2023 adjusted EBITDA profitability expectation, and said value-based consumers will be in the range of 275,000 – 300,000.
- BHG expects FY23 adjusted operating cost ratio in the range of 11% to 12% and more than 125,000 senior managed care end of year consumers.
- CEO Mike Mikan is set to provide additional commentary on the company's outlook at the 41 st Annual J.P. Morgan Healthcare Conference on Jan. 11.
- Source: Press Release
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Bright Health Group expects FY23 revenue to be below consensus