agilon health provides a platform that brings together clinical, technological, and administrative functions to bridge the gap in medical practitioners’ services. It provides a compensation model based on outcomes rather than the traditional fee structure.
The platform is built to ease the volume of work for physicians to provide an enhanced and consistent quality of service for elderly patients. agilon health also partners with a network of community-based physicians and as of March 2021 has expanded to 17 local communities, including Hawaii, with 16 physician groups catering to approximately 210,000 patients. For FY2020, revenue records at USD 1.2 billion which was an increase of 53% YoY, while total membership increased by 45% YoY.
In June 2024, chief financial officer Timothy Bensley announced his retirement and was set to be replaced by Jeff Schwaneke, formerly an executive vice president at Centene Corporation.
Funding and financials
In March 2021, agilon health filed for an initial public offering of common stock for USD 100 million. The common shares are to be listed on the New York Stock Exchange under the ticker symbol AGL. The company has not stated the IPO price range or the number of shares to be offered.
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