Alignment Health
Founded Year
2013About Alignment Health
Alignment Health operates as a health insurance provider focused on offering Medicare plans. The company provides on-demand access to healthcare services, including in-person, in-home, and mobile device consultations, along with a range of all-inclusive benefits for its members. The company primarily serves the Medicare beneficiaries sector. It was founded in 2013 and is based in Orange, California.
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Latest Alignment Health News
Oct 29, 2024
Bruce Japsen writes about healthcare business and policy. Alignment Healthcare Alignment Healthcare Tuesday reported a net loss in its third quarter of $26.4 million even as the startup provider of Medicare Advantage coverage to seniors experienced a nearly 58% increase in health plan members. Alignment ended the third quarter with 182,300 members, which was a 57.7 percent increase compared to the year-ago period. That helped increase total revenue in the quarter nearly 62% to $692.4 million. But like its larger rivals in the Medicare Advantage business, Alignment’s medical expenses jumped along with enrollment. Medical expenses in the third quarter eclipsed $613 million compared to just $397 million in the year-ago period. Medicare Advantage plans have been struggling this year as seniors with a pent up demand for healthcare services following the Covid-19 pandemic seek care and submit claims to their health insurers. Already, UnitedHealth Group’s UnitedHealthcare health insurance business and CVS Health’s Aetna have disclosed third quarter financials with higher-than-expected medical expenses in their Medicare Advantage businesses. Medicare Advantage plans contract with the federal government to provide traditional coverage available in traditional Medicare plus extra benefits and services to seniors, such as disease management and nurse help hotlines with some also offering vision, dental care and wellness programs. MORE FOR YOU
Alignment Health Frequently Asked Questions (FAQ)
When was Alignment Health founded?
Alignment Health was founded in 2013.
Where is Alignment Health's headquarters?
Alignment Health's headquarters is located at 1100 West Town and Country Road, Orange.
Who are Alignment Health's competitors?
Competitors of Alignment Health include Devoted Health, CoverRight, Advocate Aurora Health, NeueHealth, EnterMedicare and 7 more.
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Compare Alignment Health to Competitors
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