second XXXX joining morning, everyone, earnings us Suzanne, call. and for thank and Well, good you thank for quarter Providence you,
headquarters consolidation, full one completion operating in team. Providence marked here fully now of of The LogistiCare's under Atlanta. and Connecticut the successful all second Arizona and Providence are with to the LogistiCare the organizational functions in management transition quarter
capital X I impact items Now to on hit financials, quickly our that allocation before I strategy. jump will want into the
As the share just release night, replace XX. last Board seen press that Providence a on one approved June in to new program expired our repurchase
We facility provide set reiterate the allocation, to our credit detail a also week. let wanted but top Kevin X on for remains the us. extended at the maturity I end capital that capital year date of facility I'll as more of last was mature by allocation priority to
moving into Now financial results. the
of growth adjusted The to of we regard saw the as said, revenue earnings X.X%. and headwinds that into EBITDA quarter continued second transport share the delivered quarter million that the of per But strong second first $X.X quarter cost in $X.XX. we adjusted realized with
talk let's just a Now about our revenue bit. growth
in a contract. Our contracts strong of revenue and new non-at-risk growth higher was driven utilization some of by combination our
and a reminder, our contracts. include reconciliation non-at-risk As contracts fee-for-service
revenue of addition, which and bring couple renewal contracts excited In in Michigan will of over we're next Delaware, years. the announce state to the predictability
have been large relationship our Delaware demonstrate XXXX, continued Michigan our value in with long-term and in renewals and we've We had since these that since proposition payers. XXXX,
commercial insurance our to promise national some new national contract. also and Advantage a We Medicare adjacent a of of markets, promise continue see in a including
continuing growth it's to early adjacent excited opportunities. Although We're still too about economics. discuss these
Now margin. let on me touch
expense. from increase On in continued factors the quarter quarter. overall into last the mentioned previously, as that company-specific we headwinds during These drove an saw the and profitability side, headwinds I are second industry- the our both transportation and
me let the that. of utilization aspect on So touch
factors. utilization of industry the to we during of primarily by first of XXXX saw X first sharply half headwinds, increase XXXX, driven compared In the terms half
our overall overall membership shift membership The base part is see to continue as an becoming in a larger our we higher members base. first utilizing of
profitability the year, at toward call in contracts. certain our past, mix higher utilizers we've of contracts beginning earnings we overall the the this than quarter's move within seen certain last saw of on thus, in discussed lowering As membership
the continued are off and of the individuals healthier employed, the moving in Medicaid we With of economy all-time lows seeing strength become roles. unemployment, overall
in result, a of on rate. certain because with generally contracts full are risk our left files, are we capitated a As based within a of contracts, majority our sicker eligibility reimbursement population
healthier losing helped are margin We offset acute more with cost with associated associated these transport population. individuals, generally which this higher
The membership is Now transport and of in what utilization becoming addition benefits, usage we have mental a truly health certain within our significant experienced also every by to nonemergency increase substance changes segments contracts, within of overall particularly medical increased driven the in opioid we population. crisis part see day. an abuse of
cost. will able mid-sized negotiate to increases second on when of To been to on approach out have a he when our date, go more later bring due external as in which an are payers industry Kevin there past, trends, provide will price spikes mentioned in MCO However, contracts, able line and contractual macro-driven in attempt state which back with in speaks. rates in or cost we're to we've the we and half, couple back detail help the to
addition, engaged In in largest with of payers. discussions are some the pricing actively we
in fruition. As many take as I've the a times investors, adjustments, several may quarters reminder these to past, said to come to
unit turning to Now cost.
very some the experienced headwinds, and specific here. company-specific In we basis, of per-trip higher I'm going try also a to on to of transport terms cost be
expect these able carriers. [Technical we successfully transaction quarter, a reduction half The last year. to savings of cost generate which million fee Difficulty] was Since in first cause in been we've now of to second costs, this the $XX higher transaction transportation negotiate
we we the an increase cost which We centralized transportation lost a of this all beginning in internal with be also to and saw to per year. process as model my very transparent oversight, market-level at due adopted trip an operating of investors,
created we practices of share part across standardize of effort a company reminder, processes. model had our as excellence to best to a center operating As and the
very Although a centers, the transportation that management direct centralized network our certain with in contact members, step model call have functions areas, our worked we including a well our backwards. caused
resulted the between disconnect market and day-to-day lack regional of during market senior Given at transportation-provider and this management a specific, are operations and leadership local profitability. the cost relationships in ride very level
We an the promote to we have effectuate ownership an these to communication markets oversee level direct of at where processes the local at and the change. team since effort can with transportation management mentality reinstated to many leadership in have cost field
Although optimistic are half early, for the already we still We and it's fixed. trends the cautiously we've second positive this are year. of seeing think got
challenges I've service these since to of overall, the the identify speed to taken as I've in companies, put our at quickly continuing lightning challenges leaders provide CEO members. discussed seen address hand, Now over the to move while a to I've plan excellent at business together issues and combined
the several other price increases successfully in fees transaction active secure renegotiated the secured expectations, from with team has under effort despite in payers, with summary, carriers our In payers second an contractual some transportation results quarter large the to continued coming adjustments. discussion of and our lower national
X%. $XX the by this of the in the year. services Now the of holding is we Please adjusted and that some said, first $XX the headwinds cost company-specific achieve due come year million still rate that business the the which target run timing note in before company, potential to end to savings half expecting adjustments, future impacting of EBITDA contractual previously on of we're to potential million the of NET approximate below to associated now are with
generated our $XX Circulation of there business Providence's will rate which to the value and year. to of the the by nonemergency we expect fundamentals we of outlook, terms believe long-term and continue end savings in medical significant be from underlying still achieve remain proposition of transport confident run acquisition, In next value million
on to I Mobile, to discuss turn it business, versus basis will results that this in the over the business, as before as transformation. on a want legacy Matrix our result Please technology the of that beginning reorganizing about minute, to Providence first. forward, to Robin Now be its hit be mobile talk chapter financial used going a going HealthFair investment business little bit I Matrix a aware home, solutions a of segments. and management in-home company which I'm consolidated
million investment. quarter earnings of in Matrix second to a loss its equity the For Providence XXXX. related of $X.X recorded equity
XX% was $XX.X revenue revenue. million or and For the of $XX.X million was Matrix second adjusted XXXX, quarter of EBITDA
strong revenue this offset higher-than-expected to lower now from been has cost Matrix by continues management Mobile partially year-over-year, its beginning home despite Now robust primarily but decreased exceed combination higher decline overcome offset due volume which EBITDA partially its Matrix visits. for its yield membership expectations year-over-year year, by of to solution. visits and and Adjusted year by to lower setback revenue a with churn a mobile growth due home was visits reductions very primarily was growth. home
As expected, indications we've are half. which discussed its through of year there the quarters, managing for the company X early second Mobile a however, really solution, last stronger challenging a is
expects in logos the has continued Matrix Finally, X momentum. first to and see won half new
Okay.
to over our it Officer. hand Now Operating I'd like to Heffernan, Chief Robin Robin?
