Company enrolled over 2400 new Medicare
Advantage patients during the annual enrollment period
HOUSTON, Feb. 5, 2024
/PRNewswire/ -- Nutex Health Inc. ("Nutex Health" or the "Company")
(NASDAQ: NUTX), a physician-led, technology-enabled integrated
healthcare delivery system comprised of 20 state-of-the-art micro
hospitals in 8 states and primary care-centric, risk-bearing
physician networks, today announces that it has more than doubled
its Medicare Advantage membership during the 2023 annual enrollment
period from October to December
2023.
In Texas, Houston Physicians
IPA ("HPIPA") enrolled over 1900 new Medicare Advantage ("MA")
patients. In Florida, Managed Care Insurance Consultants
("MCIC") enrolled over 200 new MA patients, and in California, Associated Hispanic Physicians IPA
("AHP") enrolled 300 new MA members. In total, Nutex Health now has
over 4500 MA members across its platform, in addition to over 6300
commercial members and over 21,000 Medicaid managed care
members.
"The targeted investments we made in 2023 in our population
health management division have resulted in a very successful
annual enrollment period," stated Tom
Vo, M.D., MBA, Chairman and Chief Executive Officer of Nutex
Health.
"Nutex Health now has a presence in the top three states for
seniors. California,
Florida and Texas make up a quarter of the nation's
seniors. We believe that our growth demonstrates that the
model we honed in California can
be replicated in other states," stated Warren Hosseinion, M.D., President of Nutex
Health. "We intend to operationalize our IPA in Phoenix, Arizona in 2024 and to enter 1-2 more
new markets this year."
About Nutex Health Inc.
Headquartered in Houston, Texas
and founded in 2011, Nutex Health Inc. (NASDAQ: NUTX) is a
healthcare management and operations company with two divisions: a
Hospital Division and a Population Health Management Division.
The Hospital Division owns, develops and operates innovative
health care models, including micro-hospitals, specialty hospitals,
and hospital outpatient departments (HOPDs). This division owns and
operates 20 facilities in 8 states.
The Population Health Management division owns and operates
provider networks such as Independent Physician Associations
(IPAs). Through our Management Services Organization (MSO), we
provide management, administrative and other support services to
our affiliated hospitals and physician groups. Our cloud-based
proprietary technology platform aggregates clinical and claims data
across multiple settings, information systems and sources to create
a holistic view of patients and providers, allowing us to deliver
greater quality care more efficiently.
Forward-Looking Statements
Certain statements and information included in this press
release constitute "forward-looking statements" within the meaning
of the Private Securities Litigation Act of 1995. When used in this
press release, the words or phrases "will", "will likely result,"
"expected to," "expects to," "will continue," "anticipated,"
"estimate," "projected," "intend," "goal," or similar expressions
are intended to identify "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995.
Such statements are subject to certain risks, known and unknown,
and uncertainties, many of which are beyond the control of the
Company. Such uncertainties and risks include, but are not
limited to, our ability to successfully execute our growth
strategy, changes in laws or regulations, including final rules
implemented under the No Surprises Act and related regulatory
guidance, economic conditions, dependence on management, dilution
to stockholders, lack of capital, the effects of rapid growth upon
the Company and the ability of management to effectively respond to
the growth and demand for products and services of the Company,
newly developing technologies, the Company's ability to compete,
conflicts of interest in related party transactions, regulatory
matters, protection of technology, lack of industry standards, the
effects of competition and the ability of the Company to obtain
future financing. An extensive list of factors that can affect
future results are discussed in the Annual Report on Form 10-K for
the year ended December 31, 2022 and
the Current Reports on Form 10-Q for the periods ended March 20, 2023, June 30,
2023, and September 30, 2023
under the heading "Risk Factors" in Part I, Item IA thereof, and
other documents filed from time to time with the Securities and
Exchange Commission. Such factors could materially adversely affect
the Company's financial performance and could cause the Company's
actual results for future periods to differ materially from any
opinions or statements expressed within this press release.
View original
content:https://www.prnewswire.com/news-releases/nutex-health-announces-over-100-increase-in-medicare-advantage-enrollment-302052909.html
SOURCE Nutex Health, Inc.