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  "documentTitle": "Cano Health | Results Presentation Deck | 33 slides",
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  "authorName": "Cano Health",
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  "presentationDate": "2022-03-01 00:00:00",
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  "notes": "Focuses on the shift from recognizing MRA at Date of Service to the following calendar year, clarifying no impact on cash flow.",
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      "text": "In the course of finalizing its audit for fiscal year 2021, Cano Health and its independent auditor identified certain non-cash adjustments to revenue under ASC 606, Revenue from Contracts with Customers(1)\nPreviously, the Company recognized MRA as a change to Medicare per member per month (PMPM) at the Date of Service (DOS), identifying a member’s acuity (e.g., chronic conditions such as diabetes), thereby matching revenue with patient care costs\nAfter the adjustments, most of the MRA is now recognized as a change to Medicare PMPM in the following calendar year (i.e., collected in the year following the DOS)\nThe adjustments impact the timing of revenue recognition, recognizing current year acuity impacting MRA in the subsequent year\nImportantly, the adjustments do not impact Cano Health’s cash from operations, cash position, or the estimated collectability of MRA receivables\nThe impact on 2019 and 2020 financial results were not material",
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      "text": "(1) Adjustments are detailed in the appendix of this presentation",
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      "text": "Technical Accounting of Medicare Risk Adjustment (MRA) Impacted the Timing of Revenue Recognition",
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