BHG - Bright Health Group expects NeueHealth business to generate $2B in revenue in 2022

Bright Health Group (NYSE:BHG) says that it expects its care delivery business, NeueHealth, to generate $2B in revenue next year "with a meaningful contribution from external payor relationships." Shares are up 3% in after-hours trading. NeueHealth is expected to participate in CMS' Innovation Direct Contracting program starting Jan. 1, 2022. The business plans to open at least 25 new clinics Florida, Texas, and North Carolina, for total owned clinics to more than 70 in early 2022. Bright Health CEO Mike Mikan said patients and providers moving from fee-for-service to value-based models is accelerating NeueHealth's growth. Read what Morgan Stanley recently had to say about Bright Health.

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Bright Health Group expects NeueHealth business to generate $2B in revenue in 2022