Earnings release
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Bright Health Group ™ NEWS RELEASE Bright Health Group Reports Third Quarter 2021 Results 11/11/2021 ● Bright Health Group continues to produce significant growth , with total GAAP Revenues of $ 1,079 million , up 206 % from Q3'20 . Bright HealthCare end - of - year Membership guidance raised to 700,000 , up nearly 8 % from previous guidance , driving Bright Health Group 2021 Revenue guidance to the top of prior range , now between $ 4.1 and $ 4.2 Billion . • Year - to - date Bright Health Group Medical Cost Ratio of 90.3 % inclusive of 420 bps of Covid impact . • NeueHealth's fully aligned model continues to drive differentiated performance in key markets . MINNEAPOLIS -- ( BUSINESS WIRE ) -- Bright Health Group , Inc. ( " Bright Health " or the " Company " ) ( NYSE : BHG ) , a diversified healthcare services company building a technology - enabled , fully - aligned , national Integrated System of Care personalized for consumers , today reported financial results for its third quarter ended September 30 , 2021 . " I am pleased with our continued growth and overall performance in the face of a uniquely challenging year , but more importantly , on our prospects for the future , " said Mike Mikan , President and CEO of Bright Health Group . " We are seeing proof points that highlight the power of our fully aligned model within local Integrated Systems of Care . For example , in Florida , we saw a 22 % lower medical cost ratio and reduction in inpatient and ED admission rates for IFP members attributed to our owned and affiliated clinics . As we look to 2022 , we are well positioned to expand this model to new markets , such as North Carolina and Texas , building on our strong growth and performance to date . " Third Quarter 2021 Financial Highlights 1