Earnings release
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Bright Health Group ™ NEWS RELEASE Bright Health Group Reports Second Quarter 2021 Results 8/3/2021 • Total GAAP Revenues of $ 1,114 million grew 275 % from $ 297 million in Q2'20 • Bright HealthCare Membership of 662,825 , up 220 % from 207,224 in Q2'20 • NeueHealth Value - Based Patients of 42,305 , up 118 % from Q2'20 , with further growth to 169,983 after adjusting for the acquisition of Centrum Medical Holdings , which closed on July 1 , 2021 MINNEAPOLIS -- ( BUSINESS WIRE ) -- Bright Health Group , Inc. ( NYSE : BHG , or the " Company " ) , a diversified healthcare services provider building a national Integrated System of Care , today reported financial results for its second quarter ended June 30 , 2021 . " We began our journey as a public company with strong second quarter results , demonstrating significant growth across both NeueHealth , our personalized care delivery business , and Bright HealthCare , our healthcare financing and distribution business , " said Mike Mikan , President and CEO of Bright Health Group . " We are focused on changing healthcare in America for consumers and our Care Partners through our alignment model which has shown to make healthcare more personal , simple , and affordable . Bright Health remains focused on growing and diversifying our business and is excited to continue to bring our differentiated model to more communities across the country . " Bright Health Group's total revenue of $ 1,114 million in the second quarter of 2021 increased by $ 817 million , or 275 % , compared to the prior - year period . These results were driven primarily by organic membership growth in Bright HealthCare during the 2020 open enrollment period and special enrollment period for the commercial business that began on February 15 , 2021 , and both organic and inorganic growth at NeueHealth . The Company also experienced an increase in investment income due to a $ 58.5 million unrealized gain on equity securities . 1