bright health delivers a smarter, more connected healthcare experience. the company’s affordable health insurance plans, exclusive partnerships with leading health systems, and simple, friendly approach to technology are reshaping how people and physicians achieve better health together. today, bright health provides health insurance to individuals in colorado and will be expanding to other geographies and product offerings in 2018. we are united by a common vision: to deliver the best healthcare experience by putting brilliant minds, empathetic hearts and personalized technology to work to create meaningful relationships between our members and care partners. our mission: making healthcare right. together.
Company profile
Ticker
BHG
Exchange
Website
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Bright Health Inc.
SEC CIK
Corporate docs
Subsidiaries
AssociatesMD Medical Group, Inc. • Bright Health Company • Bright Health Insurance Company • Bright Health Management, Inc. • Bright Health Services, Inc. • Bright HealthCare Company • Bright HealthCare Insurance Company • BrightHealth Networks, LLC • Central Health Plan of California, Inc. • Centrum Health IP, LLC ...
IRS number
474991296
BHG stock data
Analyst ratings and price targets
Latest filings (excl ownership)
8-K
Departure of Directors or Certain Officers
21 Sep 23
8-K/A
Financial Statements and Exhibits
19 Sep 23
8-K
Entry into a Material Definitive Agreement
19 Sep 23
10-Q
2023 Q2
Quarterly report
9 Aug 23
8-K
Bright Health Group Reports Second Quarter 2023 Results
9 Aug 23
8-K
Bright Health Group Secures Financing to Support Operations Pending the Expected Close of California Medicare Advantage Business Sale
7 Aug 23
8-K/A
Financial Statements and Exhibits
30 Jun 23
8-K
Entry into a Material Definitive Agreement
30 Jun 23
8-K
Material Modifications to Rights of Security Holders
25 May 23
8-K
Departure of Directors or Certain Officers
18 May 23
Transcripts
BHG
Earnings call transcript
2023 Q1
9 May 23
BHG
Earnings call transcript
2022 Q4
1 Mar 23
BHG
Earnings call transcript
2022 Q3
9 Nov 22
BHG
Earnings call transcript
2022 Q2
10 Aug 22
BHG
Earnings call transcript
2022 Q1
9 May 22
BHG
Earnings call transcript
2021 Q4
2 Mar 22
BHG
Earnings call transcript
2021 Q3
11 Nov 21
BHG
Earnings call transcript
2021 Q2
7 Aug 21
Latest ownership filings
4
Rick Yang
19 Sep 23
4
Paul Edward Walker
19 Sep 23
4
SCOTT D SANDELL
19 Sep 23
4
Edward T Mathers
19 Sep 23
4
Mohamad Makhzoumi
19 Sep 23
4
Anthony A. Jr. Florence
19 Sep 23
4
Carmen Chang
19 Sep 23
4
Ali Behbahani
19 Sep 23
4
Change in insider ownership
19 Sep 23
SC 13D/A
New Enterprise Associates 15, L.P.
21 Aug 23
Financial summary
| Quarter (USD) | Jun 23 | Mar 23 | Dec 22 | Sep 22 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Dec 22 | Dec 21 | |
|---|---|---|---|
| Revenue | |||
| Cost of revenue | |||
| Operating income | |||
| Operating margin | |||
| Net income | |||
| Net profit margin | |||
| Cash on hand | |||
| Change in cash | |||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 1.36 bn | 1.36 bn | 1.36 bn | 1.36 bn | 1.36 bn | 1.36 bn |
| Cash burn (monthly) | 213.94 mm | 5.59 mm | 10.86 mm | 27.35 mm | 36.33 mm | 101.35 mm |
| Cash used (since last report) | 603.64 mm | 15.77 mm | 30.65 mm | 77.17 mm | 102.52 mm | 285.97 mm |
| Cash remaining | 756.80 mm | 1.34 bn | 1.33 bn | 1.28 bn | 1.26 bn | 1.07 bn |
| Runway (months of cash) | 3.5 | 240.6 | 122.4 | 46.9 | 34.6 | 10.6 |
Institutional ownership, Q2 2023
| 13F holders | Current |
|---|---|
| Total holders | 47 |
| Opened positions | 6 |
| Closed positions | 70 |
| Increased positions | 0 |
| Reduced positions | 38 |
| 13F shares | Current |
|---|---|
| Total value | 50.26 bn |
| Total shares | 661.22 mm |
| Total puts | 0.00 |
| Total calls | 0.00 |
| Total put/call ratio | – |
| Largest owners | Shares | Value |
|---|---|---|
| New Enterprise Associates 15 | 359.31 mm | $326.97 mm |
| New Enterprise Associates 17 | 218.15 mm | $3.76 bn |
| Deer X & Co. | 79.93 mm | $274.95 mm |
| NEA Management | 2.73 mm | $33.32 bn |
| StepStone | 525.25 k | $6.42 bn |
| Vanguard | 139.58 k | $1.71 bn |
| Partners Group Holding | 88.65 k | $1.08 bn |
| Harbourvest Partners | 52.72 k | $644.24 mm |
| Renaissance Technologies | 47.46 k | $580.00 k |
| BX Blackstone | 45.92 k | $561.09 mm |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 15 Sep 23 | NEA 18 Venture Growth Equity | Warrant Common Stock | Buy | Acquire P | No | No | 0.01 | 552,263 | 5.52 k | 1,380,658 |
| 15 Sep 23 | Behbahani Ali | Warrant Common Stock | Buy | Acquire P | Yes | No | 0.01 | 552,263 | 5.52 k | 1,380,658 |
| 15 Sep 23 | Chang Carmen | Warrant Common Stock | Buy | Acquire P | Yes | No | 0.01 | 552,263 | 5.52 k | 1,380,658 |
| 15 Sep 23 | Florence Anthony A. Jr. | Warrant Common Stock | Buy | Acquire P | Yes | No | 0.01 | 552,263 | 5.52 k | 1,380,658 |
| 15 Sep 23 | Makhzoumi Mohamad | Warrant Common Stock | Grant | Acquire A | Yes | No | 0.01 | 552,263 | 5.52 k | 1,380,658 |
News
Bright Health Group COO Jeff Cook to Depart, Effective October 13, 2023
21 Sep 23
Stocks That Hit 52-Week Lows On Tuesday
19 Sep 23
Bright Health Group's Subsidiaries Secure $380M Repayment Agreements with Centers for Medicare & Medicaid Services
19 Sep 23
Stocks That Hit 52-Week Lows On Friday
8 Sep 23
Insurance Stocks Moving In Tuesday's Intraday Session
5 Sep 23
Press releases
Bright Health Group Continues to Make Significant Progress Towards ACA Insurance Business Wind-Down
19 Sep 23
Bright Health Group Reports Second Quarter 2023 Results
9 Aug 23
Bright Health Group Secures Financing to Support Operations Pending the Expected Close of California Medicare Advantage Business Sale
7 Aug 23
Erez Capital Announces Additional Venture Partners
3 Aug 23
Bright Health Group to Host Second Quarter 2023 Earnings Conference Call on August 9, 2023
17 Jul 23