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  "documentTitle": "Cano Health | Results Presentation Deck | 13 slides",
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  "authorName": "Cano Health",
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  "presentationDate": "2023-08-01 00:00:00",
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      "text": "2Q23 includes ~$88 million of unfavorable out-of-period items; MCR vs. 2Q22 pressured by higher medical utilization",
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      "text": "Exiting operations in CA, NM, IL, PR; consolidating TX and NV; reducing workforce by ~17% for ~$50M cost reduction",
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      "text": "2Q23 Total Membership 381K, +35% y-y",
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      "text": "2Q23 Total Revenue $766.7M, +11% y-y",
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      "text": "2Q23 Adjusted EBITDA $(149.7M) vs. $9.9M prior year",
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      "text": "(1) Adjusted EBITDA is a non-GAAP financial measure... (2) Medical Cost Ratio (MCR) = Third-party Medical Costs / Capitated Revenue (3) Medicare ACO Realizing Equity, Access, and Community Health (ACO REACH)",
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