Operational ImprovementsPIII is ahead of schedule with respect to the previously announced ~$130M of adjusted EBITDA improvements.
Profit OutlookInitiatives the management team is implementing, especially with its stronger focus on exiting unprofitable markets and reworking risk-based contracts, lead to a more favorable profit outlook and lower cash burn.
Risk ManagementThe approach to contract renegotiations and elimination of Part D risk mark continued positive developments for the company.