Mission Statement, Vision, & Core Values (2024) of agilon health, inc. (AGL).

An Overview of agilon health, inc. (AGL)

General Summary of Agilon Health, Inc. (AGL)

Agilon Health, Inc. (AGL) is a healthcare technology company that focuses on transforming the way primary care is delivered to seniors. Founded in 2016, Agilon Health partners with primary care physicians to create a better healthcare experience for Medicare beneficiaries. The company operates a platform that enables these physicians to manage care more effectively and efficiently, primarily through capitated payment models. As of 2024, Agilon Health has successfully expanded its operations into multiple markets, significantly increasing its membership base.

As of September 30, 2024, Agilon Health serves approximately 525,200 Medicare Advantage members, representing a 37% increase from the previous year. Additionally, the company has approximately 132,200 attributed beneficiaries under CMS ACO Models, marking a 51% growth compared to September 2023.

In terms of product offerings, Agilon provides a comprehensive suite of services that includes care management, administrative support for physician groups, and analytics to drive performance improvements. This combination of services allows physicians to focus on patient care while Agilon handles operational complexities.

Company's Financial Performance in the Latest Financial Reports

Agilon Health's financial performance in the most recent reporting period has shown significant growth, particularly in its medical services revenue. For the nine months ended September 30, 2024, the company reported:

• Total revenue of $4.5 billion, an increase of 39% from $3.3 billion in the same period of 2023.
• Medical services revenue of $4.5 billion, which accounted for 100% of total revenues, up from $3.3 billion in 2023.
• Despite the revenue growth, the company reported a net loss of $154 million, compared to a net loss of $32 million in the previous year.
• Gross profit for the nine months was $43 million, a decline from $165 million in 2023.
• The adjusted EBITDA loss was $70 million, compared to earnings of $42 million in 2023.

In the third quarter of 2024 alone, Agilon reported:

• Revenue of $1.5 billion, reflecting a 28% increase from $1.1 billion in Q3 2023.
• A gross profit of negative $64 million, compared to a positive gross profit of $37 million in Q3 2023.
• A medical margin loss of $58 million, contrasting with earnings of $111 million during the same period last year.

The significant losses in gross profit and net income can be attributed to increased medical service expenses, which grew by 52% for the nine months ended September 30, 2024, totaling $4.3 billion compared to $2.9 billion in 2023.

Introduction to Agilon Health as a Leader in the Industry

Agilon Health is recognized as one of the leading companies in the healthcare technology sector, particularly focused on enhancing primary care for seniors. The company's innovative approach, which leverages technology to empower primary care physicians, positions it well within the rapidly evolving healthcare landscape. Agilon's model not only improves patient outcomes but also aims to lower healthcare costs by promoting preventive care and efficient management of chronic conditions.

As of 2024, Agilon Health's success is evidenced by its substantial growth in membership and revenue, alongside its strategic expansion into new markets. This growth trajectory demonstrates the effectiveness of its business model and the increasing demand for its services. For those interested in understanding the factors contributing to Agilon Health's success, further exploration of its operational strategies and market influence is recommended.

Mission Statement of agilon health, inc. (AGL)

Mission Statement of Agilon Health, Inc. (AGL)

Agilon Health, Inc. (AGL) is committed to transforming healthcare by empowering primary care physicians to deliver high-quality care to seniors. The company's mission statement emphasizes a focus on enabling physicians to manage the total healthcare needs of their patients through innovative solutions and partnerships.

Core Component 1: Empowering Primary Care Physicians

At the heart of Agilon's mission is the empowerment of primary care physicians (PCPs). By providing the necessary infrastructure and financial support, Agilon enables PCPs to improve patient outcomes. As of September 30, 2024, the company supports approximately 525,200 Medicare Advantage members, representing a 37% increase from the previous year. This growth reflects Agilon's commitment to enhancing the capabilities of PCPs in managing patient care.

Core Component 2: Quality and Cost Efficiency

Agilon's business model aims to enhance the quality of care while reducing costs. The company operates on a capitation model, allowing for fixed monthly payments to physicians for managing patient care. In the third quarter of 2024, Agilon reported total revenue of $1.5 billion, a 28% increase from the same period in 2023. However, the gross profit was reported as negative $(64) million, indicating challenges in achieving cost efficiency. The medical margin for the same quarter was $(58) million, reflecting ongoing investments in improving care delivery.

Core Component 3: Long-term Partnerships

Agilon emphasizes long-term partnerships with physician groups to foster collaboration and shared success. The company's approach includes establishing risk-bearing entities that align incentives between physicians and payors. As of September 30, 2024, Agilon's attributed beneficiaries under CMS ACO Models reached approximately 132,200, marking a 51% increase from the prior year. This growth underscores Agilon's strategy of building sustainable relationships that enhance care coordination.

Agilon Health's mission statement reflects its dedication to empowering primary care physicians, enhancing care quality, and fostering long-term partnerships. Through these core components, Agilon aims to transform healthcare delivery for seniors across the United States.

Vision Statement of agilon health, inc. (AGL)

Vision Statement Overview

Agilon Health, Inc. (AGL) aims to transform healthcare for seniors by empowering primary care physicians (PCPs) with the necessary tools, infrastructure, and payment models to provide a higher quality of care. As of 2024, their vision emphasizes a patient-centric approach, focusing on improving health outcomes and reducing costs through a collaborative model.

Empowering Primary Care Physicians

At the core of Agilon's vision is the empowerment of PCPs. The company believes that by equipping these healthcare providers with comprehensive support, they can drive meaningful improvements in patient care.

• Membership Growth: As of September 30, 2024, Agilon has approximately 525,200 Medicare Advantage members, reflecting a 37% increase from the previous year.
• Beneficiaries in CMS ACO Models: There are about 132,200 attributed beneficiaries in the CMS ACO Models, a 51% increase from the previous year.

Innovative Healthcare Model

Agilon Health's vision includes the establishment of a unique healthcare delivery model that integrates community-based physician groups into a cohesive network.

Focus on Quality and Cost Efficiency

Agilon's vision stresses the importance of quality care while managing costs effectively. The company’s model aims to create a balance between quality healthcare delivery and financial viability.

• Adjusted EBITDA: For the third quarter of 2024, Agilon reported an adjusted EBITDA loss of $96 million, compared to earnings of $6 million in the third quarter of 2023.
• Medical Margin: The medical margin reported for Q3 2024 was a loss of $58 million, down from a profit of $111 million in Q3 2023.

Commitment to Community Health

Agilon Health's vision extends to enhancing health outcomes at the community level by fostering partnerships with local healthcare providers.

• Platform Support Costs: The company incurred platform support costs of $42.4 million in Q3 2024, slightly up from $41.6 million in Q3 2023.
• Investment in Growth: Agilon continues to invest in expanding its operations, evidenced by a total revenue of $4.5 billion year-to-date as of September 30, 2024, which is a 39% increase from the previous year.

Future Aspirations

The vision of Agilon Health includes a commitment to evolving the healthcare landscape by continuing to enhance its platform and expand its reach into new markets.

Through strategic partnerships and innovative solutions, Agilon aims to redefine how primary care is delivered to seniors across the United States.

Core Values of agilon health, inc. (AGL)

Core Value: Patient-Centric Care

Agilon Health, Inc. places a strong emphasis on patient-centric care, focusing on enhancing the overall patient experience and health outcomes.

As of September 30, 2024, Agilon has approximately 525,200 Medicare Advantage members, reflecting a 37% increase from the previous year. This growth is a direct result of their commitment to providing high-quality, personalized care to their members.

The company’s model empowers primary care physicians (PCPs) to manage their patients’ healthcare needs effectively, which is crucial for improving patient satisfaction and health outcomes. In 2024, Agilon's initiatives included expanding their network of providers and enhancing care coordination, which has been instrumental in managing care for their members.

Core Value: Innovation

Innovation is a cornerstone of Agilon Health's strategy, enabling them to adapt to the rapidly evolving healthcare landscape.

In 2024, Agilon invested significantly in technology and infrastructure, with total revenues reaching $4.5 billion, a 39% increase from the previous year. This investment supports their platform, which integrates data analytics and care management tools to enhance service delivery.

Agilon's innovative approach includes the use of risk-bearing entities (RBEs) to improve healthcare delivery. As of September 30, 2024, they operated 34 RBEs, which allows them to enter into risk-bearing contracts with payors.

Core Value: Collaboration

Collaboration among healthcare providers is essential to Agilon Health's operational model.

By partnering with local physician groups, Agilon fosters a collaborative environment that enables better care coordination. Their partnerships have led to an increase in attributed beneficiaries under CMS ACO Models, which reached approximately 132,200 members, up 51% from the previous year.

Furthermore, the company's platform supports physicians in sharing resources and best practices, enhancing the quality of care delivered across their network.

Core Value: Integrity

Integrity is fundamental to Agilon Health's operations, ensuring that they maintain trust with their members and stakeholders.

As of September 30, 2024, Agilon reported a net loss of $154 million compared to $32 million in the previous year, highlighting the challenges in maintaining financial integrity while pursuing growth. This transparency in reporting losses, while actively working to improve operational efficiencies, reflects their commitment to ethical practices.

The company also emphasizes ethical dealings in their partnerships and contracts, which is critical in the healthcare sector.

Core Value: Accountability

Agilon Health holds itself accountable for the health outcomes of its members.

In 2024, Agilon's medical margin declined to $205 million from $401 million in 2023, indicating a need for improved cost management. The company is focused on addressing these financial challenges by enhancing care efficiency and reducing unnecessary medical expenses.

They have implemented rigorous performance metrics to assess the effectiveness of their care models, ensuring that they remain accountable for the quality of care provided to their members.

Updated on 16 Nov 2024

Resources:

1. agilon health, inc. (AGL) Financial Statements – Access the full quarterly financial statements for Q3 2024 to get an in-depth view of agilon health, inc. (AGL)' financial performance, including balance sheets, income statements, and cash flow statements.
2. SEC Filings – View agilon health, inc. (AGL)' latest filings with the U.S. Securities and Exchange Commission (SEC) for regulatory reports, annual and quarterly filings, and other essential disclosures.