Quarterly report [Sections 13 or 15(d)]

Segment Reporting

v3.25.1
Segment Reporting
 3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Segment Reporting
Note 11: Segment Reporting
The Company’s operations are organized under one reportable segment. The following tables present information about the Company’s reportable segment:
Three Months Ended March 31,
2025 2024
(in thousands)
Operating revenue $ 373,225  $ 388,488 
Less:
Medical claims expense (352,317) (347,582)
Other medical expense(1)
(19,726) (34,475)
Depreciation and amortization (21,052) (21,539)
Other segment items(2)
(14,900) (28,561)
Interest expense, net (8,725) (4,256)
Interest income 322  391 
Loss before income taxes (43,173) (47,534)
Income tax provision (1,073) (2,072)
Net loss $ (44,246) $ (49,606)
March 31, 2025 December 31, 2024
(in thousands)
Segment assets $ 129,350  $ 121,266 
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(1)Other medical expense includes subcapitation expense, affiliate provider compensation expense, and other non-claim costs.
(2)Other segment items include premium deficiency reserve, corporate, general and administrative expense, sales and marketing expense, and miscellaneous income and expense.