The company reported a net loss of $28.9 million in the second quarter of 2023.
Clover Health, which offers Medicare Advantage plans, was founded in 2014, and went public in 2021.
Total revenue from the company’s insurance products in the third quarter of 2024 was $349.9 million, up 11.3% from the same time period last year.
Clover Health has 80,261 members.
At the Becker's 5th Annual Fall Payer Issues Roundtable, taking place November 2–3 in Chicago, payer executives and healthcare leaders will come together to discuss value-based care, regulatory changes, cost management strategies and innovations shaping the future of payer-provider collaboration. Apply for complimentary registration now.