Strong Cash Flow and Balance Sheet Improvement
The company reported over $30 million in cash flow from operations, reducing migrant-related accounts receivable from $120 million to $54 million. Total cash increased to $128.7 million, up $25.6 million from the previous quarter.
SG&A Cost Reductions
Substantial reduction in SG&A was achieved, resulting in an estimated $10 million annualized savings, with further plans to optimize business structure.
Growth in Care Gap Closure Program
The program expanded significantly, engaging with over 1.2 million assigned lives, up from 900,000, with a 50% increase in patient conversions in Q2.
Advancements in Medical Transportation
176,000 transports were completed, with integration and expansion in key markets, including a new launch in New York and a multiyear deal with the Albany Stratton VA Medical Center.
AI Integration in Operations
An AI agent was developed to automate appointment reminders, confirmations, and rescheduling, saving 10% of operators' time.