SEGMENTS AND GEOGRAPHIC INFORMATION (Tables)

3 Months Ended

Mar. 31, 2025

The following tables present the reportable segment financial information for the three months ended March 31, 2025 and 2024 (in thousands):


Three Months Ended March 31, 2025	NeueCare		NeueSolutions		Corporate & Eliminations		Consolidated
Capitated revenue	$	80,987	$	—	$	—	$	80,987
ACO REACH revenue	—		124,040		—		124,040
Service revenue	6,264		3,570		—		9,834
Investment income	357		—		569		926
Total unaffiliated revenue	87,608		127,610		569		215,787
Affiliated revenue	2,909		—		(2,909)		—
Total segment revenue	90,517		127,610		(2,340)		215,787

Operating expenses
Medical costs	37,518		126,285		(2,909)		160,894
Operating costs
Compensation and fringe	18,297		2,146		10,966		31,409
Professional fees	3,036		979		2,679		6,694
Other administrative	5,877		1,192		3,501		10,570
Total segment operating costs	27,210		4,317		17,146		48,673



Depreciation and amortization	2,782		—		777		3,559
Total segment operating expenses	67,510		130,602		15,014		213,126

Operating income (loss)	23,007		(2,992)		(17,354)		2,661


Three Months Ended March 31, 2024	NeueCare		NeueSolutions		Corporate & Eliminations		Consolidated
Capitated revenue	$	61,466	$	—	$	—	$	61,466
ACO REACH revenue	—		171,811		—		171,811
Service revenue	9,530		2,085		—		11,615
Investment income	—		—		203		203
Total unaffiliated revenue	70,996		173,896		203		245,095
Affiliated revenue	2,627		—		(2,627)		—
Total segment revenue	73,623		173,896		(2,424)		245,095

Operating expenses
Medical costs	27,436		172,065		(2,627)		196,874
Operating costs
Compensation and fringe	23,514		2,520		22,043		48,077
Professional fees	2,766		626		3,108		6,500
Other administrative	6,309		1,617		4,258		12,184
Total segment operating costs	32,589		4,763		29,409		66,761



Depreciation and amortization	3,786		—		776		4,562
Total segment operating expenses	63,811		176,828		27,558		268,197

Operating income (loss)	9,812		(2,932)		(29,982)		(23,102)