Operating Segments (Tables)

12 Months Ended

Dec. 31, 2021

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

The table below summarizes the Corporation’s results by operating segment:

	Medicare Advantage		Direct Contracting		Corporate/Other		Eliminations		Consolidated Total
Year ended December 31, 2021	(in thousands)
Premiums earned, net (Net of ceded premiums of $489)	$	799,414	$	—	$	—	$	—	$	799,414
Direct Contracting revenue	—		667,639		—		—		667,639
Other income	216		—		94,090		(89,363)		4,943
Intersegment revenues	—		—		41,932		(41,932)		—
Net medical claims incurred and other medical costs(1)	847,286		705,407		7,637		(9,152)		1,551,178
Gross (loss) profit	$	(47,656)	$	(37,768)	$	128,385	$	(122,143)	$	(79,182)
Total assets	$	416,947	$	58,027	$	1,116,331	$	(640,501)	$	950,804

(1)    Net medical claims incurred reported for Medicare Advantage in this footnote differs from corresponding amount reported on the Consolidated Statements of Operations and Comprehensive Loss due to the impacts of eliminations.

Reconciliation of Revenue from Segments to Consolidated

A reconciliation of the reportable segments’ gross loss to the net loss included in the Consolidated Statements of Operations and Comprehensive Loss is as follows:

	Year ended December 31, 2021
	(in thousands)
Gross loss	$	(79,182)
Salaries and benefits	260,458
General and administrative expenses	185,287
Premium deficiency reserve	110,628
Depreciation and amortization	1,246
Other expense	191
Change in fair value of warrants payable	(66,146)
Interest expense	3,229
Amortization of notes and securities discounts	13,681
Net loss	$	(587,756)