Clover Health reported Q3 2024 revenue of $331 million, up from $306 million, with adjusted EBITDA rising to $19.3 million. eHealth's revenue fell 10% to $58.4 million, while WELL Health achieved record revenue of $251.7 million, a 23% increase. DarioHealth's revenue surged 111% to $7.42 million, driven by B2B2C growth.
Clover Health reported a net loss of $8.8 million for the third quarter, marking a 73.8% improvement from the previous year. The company is optimistic about growth, leveraging its AI assistant platform and strong star ratings to enhance membership and market share. Clover anticipates a medical cost ratio of 76-77% and adjusted EBITDA of at least $55 million for the year.
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