Bright Health Group is built upon the belief that by aligning the best local resources in healthcare delivery with the financing of care, the company can drive a superior consumer experience, optimize clinical outcomes, reduce systemic waste and lower costs. Bright Health is a healthcare company that is building a national, integrated system of care, in close partnership with its Care Partners. Its differentiated approach is: Built on Alignment, Focused on the Consumer, and Powered by Technology. Bright Health have two market facing businesses: NeueHealth and Bright HealthCare. Through NeueHealth the company delivers high-quality virtual and in-person clinical care to nearly 75,000 unique patients through its 61 affiliated risk-bearing primary care clinics. Through Bright HealthCare the company offers Medicare and Commercial health plan products to approximately 623,000 consumers in 14 states and 99 markets.
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
Latest filings (excl ownership)
10-K
2022 FY
Annual report
16 Mar 23
8-K
Bright Health Group Reports Fourth Quarter and Full Year 2022 Results
1 Mar 23
8-K
Bright Health Group Announces Updated 2023 Expectations Ahead of J.P. Morgan Healthcare Conference Presentation
10 Jan 23
8-K/A
Cost Associated with Exit or Disposal Activities
10 Jan 23
8-K
Bright Health Group Receives Continued Listing Standard Notice from NYSE
12 Dec 22
8-K
Departure of Directors or Certain Officers
21 Nov 22
10-Q
2022 Q3
Quarterly report
14 Nov 22
8-K/A
Correction – Bright Health Group Reports Third Quarter 2022 Results
9 Nov 22
8-K
Bright Health Group Reports Third Quarter 2022 Results
9 Nov 22
8-K
Bright Health Group Announces Closing of $175 Million Capital Raise to Support Focused Business
18 Oct 22
Transcripts
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
Cathy R Smith
15 Mar 23
4
George Lawrence Mikan III
15 Mar 23
4
Jeffery Michael Craig
15 Mar 23
4
Jeffrey J Scherman
15 Mar 23
4
Cathy R Smith
9 Mar 23
4
Jeffery Michael Craig
9 Mar 23
4
George Lawrence Mikan III
9 Mar 23
4
Jeffrey J Scherman
9 Mar 23
4
Jeffrey J Scherman
8 Mar 23
4
George Lawrence Mikan III
5 Jan 23
Financial summary
| Quarter (USD) | Dec 22 | Sep 22 | Jun 22 | Mar 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) | 1.93 bn | 1.93 bn | 1.93 bn | 1.93 bn | 1.93 bn | 1.93 bn |
| Cash burn (monthly) | (no burn) | (no burn) | (no burn) | 52.32 mm | 219.43 mm | 54.76 mm |
| Cash used (since last report) | n/a | n/a | n/a | 146.26 mm | 613.36 mm | 153.06 mm |
| Cash remaining | n/a | n/a | n/a | 1.79 bn | 1.32 bn | 1.78 bn |
| Runway (months of cash) | n/a | n/a | n/a | 34.1 | 6.0 | 32.5 |
Institutional ownership, Q4 2022
| 13F holders | Current |
|---|---|
| Total holders | 130 |
| Opened positions | 25 |
| Closed positions | 28 |
| Increased positions | 45 |
| Reduced positions | 24 |
| 13F shares | Current |
|---|---|
| Total value | 300.08 bn |
| Total shares | 1.11 bn |
| Total puts | 18.60 k |
| Total calls | 117.60 k |
| Total put/call ratio | 0.2 |
| Largest owners | Shares | Value |
|---|---|---|
| New Enterprise Associates 15 | 359.31 mm | $326.97 mm |
| New Enterprise Associates 17 | 218.15 mm | $3.76 bn |
| NEA Management | 218.15 mm | $141.78 bn |
| Deer Management | 79.94 mm | $51.95 bn |
| Deer X & Co. | 79.93 mm | $274.95 mm |
| StepStone | 42.02 mm | $27.31 bn |
| Redpoint Management | 15.17 mm | $9.86 bn |
| BLK Blackrock | 14.15 mm | $9.20 bn |
| Vanguard | 11.67 mm | $7.58 bn |
| Greycroft | 11.07 mm | $7.19 bn |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 13 Mar 23 | Jeffrey J Scherman | Common Stock | Sell | Dispose S | No | No | 0.4 | 44,551 | 17.82 k | 57,870 |
| 13 Mar 23 | Jeff Michael Craig | Common Stock | Sell | Dispose S | No | No | 0.4 | 20,412 | 8.16 k | 33,643 |
| 13 Mar 23 | George Lawrence Mikan III | Common Stock | Sell | Dispose S | No | No | 0.4 | 394,896 | 157.96 k | 210,318 |
| 13 Mar 23 | Smith Cathy R | Common Stock | Sell | Dispose S | No | No | 0.4 | 114,173 | 45.67 k | 289,157 |
| 7 Mar 23 | George Lawrence Mikan III | Common Stock | Option exercise | Acquire M | No | No | 0 | 605,214 | 0.00 | 605,214 |
| 7 Mar 23 | George Lawrence Mikan III | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 605,214 | 0.00 | 1,210,428 |
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Press releases
Bright Health Group Reports Fourth Quarter and Full Year 2022 Results
1 Mar 23
SHAREHOLDER ALERT: Kaskela Law LLC Announces Stockholder Investigation of Bright Health Group, Inc. (BHG) and Encourages Long-Term BHG Investors to Contact the Firm
11 Feb 23
Bright Health Group to Host Fourth Quarter 2022 Earnings Conference Call on March 1, 2023
10 Feb 23
Bright Health Group Announces Updated 2023 Expectations Ahead of J.P. Morgan Healthcare Conference Presentation
10 Jan 23