MultiPlan Q2 2024 Earnings Report

MultiPlan EPS Results

• Actual EPS: -$1.20
• Consensus EPS: -$1.60
• Beat/Miss: Beat by +$0.40
• One Year Ago EPS: -$2.40

MultiPlan Revenue Results

• Actual Revenue: $233.48 million
• Expected Revenue: $253.59 million
• Beat/Miss: Missed by -$20.11 million
• YoY Revenue Growth: N/A

MultiPlan Announcement Details

• Quarter: Q2 2024
• Date: 8/1/2024
• Time: Before Market Opens

MultiPlan (NYSE:MPLN), together with its subsidiaries, provides data analytics and technology-enabled cost management, payment, and revenue integrity solutions to the healthcare industry in the United States. The company offers analytics-based services that reduce medical costs, through data-driven algorithms and insights that detect claims over-charges and negotiate or recommend reimbursement; and network-based services that provide contracted discounts with healthcare providers, as well as outsourced network development and management services. It provides payment and revenue integrity services, such as identifying and removing improper and unnecessary charges paid during the claim, as well as services to identify and help restore and preserve underpaid premium dollars. In addition, the company offers data and decision science services including a suite of solutions that apply modern methods of data science to produce descriptive, predictive, and prescriptive analytics that drive optimized benefit plan design, support decision-making, improve clinical outcomes, and reduce the total cost of care; and business-to-business healthcare payments and other services. It serves national and regional insurance companies, Blue Cross and Blue Shield plans, provider-sponsored and independent health plans, TPAs, self-insured health plans, property and casualty insurers, bill review companies, and other companies involved in the claim adjudication process. MultiPlan Corporation was founded in 1980 and is headquartered in New York, New York.