a good for I'll everyone. each NeueSolutions provide discussion our consolidated and and with balance on and I'll NeueCare quarter start performance morning, Insurance ACA year of Mike, segments. of fourth as And well over our our update an you, our Thank as the business NeueHealth and results our business full down of wind go sheet.
I'll Finally, XXXX overview of provide an outlook. our
XXXX be that in contain note filed our included months our release that press of financials like in begin, I each that results are NeueCare be on results segments. financial to operations. coming continuing Before focusing NeueHealth GAAP our and the business would our the of in will NeueSolutions I and will include and XX-K I discontinued
$X.X quarter NeueHealth the billion, revenue year consolidated fourth a representing for $XXX.X XX% on basis. consolidated year-over-year growth revenue million. was comparable Full was
$XX.X Our the fourth EBITDA was gross fourth adjusted quarter NeueHealth's year loss loss margin and quarter adjusted $XX full the million was for million. was EBITDA year. full $XXX.X and million million for $X.X
nonrecurring XXX,XXX, across we which grew segment. year, consumer and our HealthCare Commercial NeueCare served in excluding approximately year. bad to consumers as benchmark debt well for of partnership the the write-off When considerably excluding as prior segment serve NeueCare the the full we In the the XXX% XXXX, was ACO NeueHealth CMS breakeven of the former of in segment, the represents adjusted adjustments impacts with our REACH over number growth our of EBITDA Bright impact business, in NeueSolutions
revenue In the full million expectations the and year, resulting attributed in clinics. NeueCare segment, million in $XXX.X our with was from for quarter $XX.X to increased fourth line the and members
margin are the risk prudent in to sharing greater revenue we and the more taking be continue to opportunity of risk We in contracts. look on in level We take as and there's expansion participate future. models we capitated recognize that for greater fully on our
impairment the operating Operating the moderately income income million, medical with higher. $X.X excluding year $XX full quarter. favorable was with quarter for full recognized in costs of third year were the costs million goodwill operating Fourth
segment Additionally, totaling was consumers. our $XX.X Medicare Medicaid XXX,XXX positive the million ACA adjusted for year. clinics EBITDA marketplace, we consumers and Through approximately the XXXX, full across serve in value-based NeueCare
differentiated In and payer and engagement consumer-centric with to growth payers. to expect focus long-standing continue relationships and XXXX, consumers. our prioritize segment will upon year, payers model, providers, This existing deliver value value-driven to our enhancing new on drive built continue we to partners, care NeueCare with we'd growth
was to In segment. performance now NeueSolutions our XXXX, our by driven ACO NeueSolutions largely in Turning business. REACH
REACH commitment We year ACO participating are the affordable. and see now make more to and strong allowing care, health to goals in our alignment between continuing to and high-quality our entering third the accessible program interest of
the risk to and the share assume CMS groups provider provider participated we with performance aligned In performance serve We've beneficiaries providers full with beneficiaries the separately XX,XXX the provider contract partners over program. with Medicare in we to grown XX partners affiliated and partnered significantly our years their XXXX, aligned country. with over fee-for-service of REACH, beneficiaries. Medicare across of in contract risk to ACO we the X,XXX Through the
NeueSolutions revenue million was fourth of higher costs operating the quarter with expectations. in the for and operating year. with the year. were year, The line NeueSolutions was in with fourth full $XX.X million in medical costs million with $XXX.X $XX.X segment quarter for loss for Operating $XXX.X the expectations line the full million loss full for
bankruptcy, earnings creating Medical our As relationship in results impacted we ACO quarter. against bad a REACH. debt our Group significantly we third Babylon receivables for NeueSolutions quarter, reserve call, a our $XX.X within mentioned been of third the Babylon's with to our by quarter million the in have established charge Due
their deficit $XX gross XXXX. responsibility XXXX. retain the for the also for of in members impacted million This We margin attributed full negatively by of balance
bad negatively In business. coding the for notably that addition REACH Babylon loss as NeueSolutions the benchmark deficits these also expense million, revenue intensity are excludes was items $X factor. debt onetime to year and expectations don't the CMS our the ongoing for most EBITDA adjusted a of was reflect which impacted additional Babylon, by full ACO performance the adjustments, the
Babylon source Aside represents year million, well XX% growth. Babylon. REACH for loss continued was increase to line impact, of $XXX.X full be full stable a When million, and from $X the over top NeueSolutions Babylon, the year ACOs excluding was revenue excluding which segment XXXX a operating our our performed and
performance slightly part believe benchmarks. This carefully we Babylon XX,XXX strong excluding we we performance year. program In including a revenue providers based we Medicare and well above with to serve on REACH million regional XXXX, for beneficiaries, XXXX. REACH ACO embedded full positioned of historical as the XX,XXX group growth not Medicare drive XXXX, over XXXX year, million providers, we will selected to served the of are expect ACO and high-performing to expect $XXX in have we of in Babylon. a XX% It's In relative between over partner XXXX, when $XXX beneficiaries diligently
to our addition REACH, segment and medical enablement in offers clinics ACO and NeueSolutions to to own mentioned, Mike providers As our services groups. independent both
new our provider a with XXXX and partnerships in starting our to our business of enablement We over share XXX,XXX performance-based this populations serving provider in consumers. groups relationships platform expand are our We expertise managing and part all business as leverage with arrangements. strong
to Turning wind down. ACA the Insurance business
in fourth continue progress make down We the to in quarter. significant the wind
on CMS. under we not complete with cash approximately surplus Insurance adjustment of our had the $XXX quarter, At As million wind XX% are we reserving after including Insurance other anticipated fourth ACA medical than believe for and costs claims down agreements the of expected excess business in end today, repayment expenses more due the ACA obligations our risk medical business. in
to and as conditions substantially use liabilities Additionally, certain under liability remaining if $XXX agreement, Sale to subject is the our on ACA obligations the additional less to receive repayment or the XXXX. the March million intend an adjustments come which this to we MA agreements, we offset in more due heading discontinued expect Overall, received, Insurance CMS escrow. from these when the business related funds XX, in into business, We XXXX. to and believe such in before
Now our sheet. looking balance at
total we including had in cash our and investments, As of amounts in XX, XXXX, regulated December million entities. $XXX
QX. Our end and as short-term cash the nonregulated were $XX of million investments of
Mike earlier, eliminated at debt. we our As which our beginning made mentioned the facility secured of on XXXX, amended credit the repayment final
are future. we are positioned In significantly well approximately the stronger we XXXX, capital we revenue $X we consolidated Throughout of year, for and in expect position, believe the a billion.
our between NeueSolutions expect NeueCare $XXX our we Specifically, million million and segment and million from $XXX and $XXX from segment. million between $XXX
adjusted expect between to million We and EBITDA million. $XX be enterprise $XX
consumers XXX,XXX In and and and in our and XX,XXX between XXX,XXX we XXX,XXX segment, approximately XXX,XXX across between to in NeueSolutions serve both XXX,XXX consumers our XXXX, between XXX,XXX REACH. serving ACO consumers clinics including NeueCare through value-based expect NeueSolutions, and
XX% Finally, adjusted we cost ratio expect be our operating to and between XX%.
levels revenue as As earlier, note the mentioned on In in revenue is appropriate. I number of opportunities total is total contracts. future, substantial to Considering is for of we take $X.X risk to will greater growth take lives for it greater over to sharing look risk sharing our opportunity we our that important we look on as there the billion. opportunity served in XXXX,
factors In few a believe will XXXX, we drive profitability. key improved
the both consumer specifically through in through our of enablement served segment. as side First, as our well NeueSolutions clinics
model and provider value-driven has strong to retain and consumers clinics to partnerships. and we our to attract continue satisfaction differentiated Our through scores deliver consumer proven expect in
and we continue to Second, long-standing relationships also partners with expect ACA as across payers populations and demonstrate we on to the Medicare managing build prioritizing payer with differentiated to growth continue performance our while marketplace, new Medicaid.
past by partner experience to in the ACO expect optimizing manage leveraging Medicare our effectively population. drive in improved performance to REACH and we Third, program our portfolio the
our for to operating take sustainable to continuing long-term expenses rightsize business and are we finally, steps And growth. reduce
business and ecosystem. value we our We are the for confident health the care will in across drive go-forward stakeholders
turn Mike to for some remarks. it now back closing over I'll
