Variable Interest Entities (Tables)

3 Months Ended

Mar. 31, 2023

Variable Interest Entities [Abstract]

Summary of Consolidated Asset and Liabilities Include VIE Assets and Liabilities

agilon health, inc.’s consolidated assets and liabilities include VIE assets and liabilities as follows (in thousands):

	March 31, 2023		December 31, 2022
Assets
Cash and cash equivalents	$	99,767	$	155,819
Restricted cash equivalents		10,204		10,610
Receivables, net		989,483		492,077
Prepaid expenses and other current assets, net		23,733		15,515
Property and equipment, net		1,782		1,567
Intangible assets, net		43,631		17,347
Other assets, net		11,571		10,371
Liabilities
Medical claims and related payables		701,238		300,798
Accounts payable and accrued expenses		190,691		159,526
Other liabilities		5,771		2,059

Schedule of Equity Method Investments

The following table summarizes the Company’s equity method investments (in thousands):

	March 31, 2023			December 31, 2022
Equity method investments - Other(1)	$	8,371		$	8,329
Equity method investments - ACO REACH(1)		12,147			9,023
Equity method liabilities - ACO REACH(2)		(5,146	)		(4,657	)

(1)Included in Other assets, net in the condensed consolidated balance sheets.

(2)Included in Other liabilities in the condensed consolidated balance sheets.

Summary of Operating Results

The combined summarized operating results of the Company’s ACO REACH entities are as follows (in thousands):

	Three Months Ended March 31,
	2023			2022
Medical services revenue	$	280,529		$	267,713
Medical services expense		(257,477	)		(248,351	)
Other medical expenses(1)		(15,744	)		(12,644	)
Income (loss) from operations		2,001			3,183
Net income (loss)(2)		1,334			2,012

(1)For the three months ended March 31, 2023 and 2022, includes physician incentive expenses of $9.7 million and $6.2 million, respectively.

(2)Included in Other income (expense) in the condensed consolidated statements of operations.

Summarized balance sheet

The combined summarized balance sheet of the Company’s ACO REACH entities are as follows (in thousands):

	March 31, 2023		December 31, 2022
Current and total assets	$	84,691	$	70,625
Current and total liabilities		78,774		67,343