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  "documentTitle": "Cano Health | Results Presentation Deck | 13 slides",
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  "authorName": "Cano Health",
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  "presentationDate": "2023-11-01 00:00:00",
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  "pageNumber": 11,
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  "notes": "Includes footnotes defining Medical Cost Ratio and Adjusted EBITDA margin adjustments.",
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  "slideHref": "/slides/019de076-26c7-7653-8dab-8c89ad0a700f/11",
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      "kind": "disclaimer",
      "text": "(1) Medical Cost Ratio = Third-party Medical Costs / Capitated Revenue\n(2) Adjusted EBITDA margin = Adjusted EBITDA / Total Revenue. Adjusted EBITDA margin is a non-GAAP financial measure. At the beginning of 2023, the Company revised its definition of Adjusted EBITDA to no longer add back losses related to de novo medical centers. Please refer to the “Disclaimer – Non-GAAP Financial Measures” and reconciliation tables of Adjusted EBITDA to net loss, its most directly comparable GAAP measure.\nNote: Differences in the included tables are due to rounding and are not significant.",
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      "text": "Margin ratios table showing Medical Cost Ratio, Direct Patient Expense Ratio, SG&A Ratio, Net income margin, and Adjusted EBITDA Margin across 7 quarters.",
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      "text": "YoY bp change table showing changes for the same metrics across 7 quarters.",
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      "kind": "title",
      "text": "Margin Analysis: 1Q22 – 3Q23",
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      "evidence": "The membership mix, revenue mix, and margin analysis on pp7-11 offer evidence of Cano Health's progress.",
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