What Caused GoHealth (GOCO) Stock to Rise Nearly In Extended Trades?

In Tuesday’s after-hours trading, GoHealth Inc. (NASDAQ: GOCO) shares increased 2.55% to $0.45 as the business prepares to announce its quarterly results this week.

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When precisely will GOCO provide the financial information?

On Thursday, November 10, 2022, after 4:00 p.m. (ET), GoHealth (GOCO) will announce its financial results for the third quarter of the fiscal year 2022, followed at 5:00 p.m. (ET) by a conference call/live audio webcast to discuss the results (ET). The GoHealth Investor Relations website will host a live audio webcast of the conference call.

GOCO introduced broader solutions:

GOCO recently disclosed that throughout this year’s Medicare annual enrollment session, its enlarged Encompass solution would be used at scale with all of its important partners (AEP). GoHealth’s end-to-end Encompass solution enables enrollment and engagement across the Medicare beneficiary experience with unrivaled proprietary technology and consumer insights, addressing a crucial market need while achieving positive outcomes at scale and raising member satisfaction.

Encompass was originally introduced by GOCO in late 2020, and since then, the underlying technology and services have been improved based on input from a number of productive pilot projects with health plans. Gradual scaling up of these trials showed that using the solution led to improved quality, greater customer engagement generally, and a 20% increase in retention.

Launching its extended Encompass solution with all of its main partners is a significant accomplishment that confirms GoHealth’s capacity to employ cutting-edge technology supplemented by knowledgeable agents with a track record of developing reliable connections. In order to strengthen its dedication to quality enrollment, GOCO is always coming up with new ideas.

GOCO is also refocusing its operations on member involvement in order to forge enduring connections with beneficiaries. The finest outcomes for Medicare beneficiaries are produced by its unique end-to-end solution, which also supports the objectives of its esteemed health plan partners while prioritizing plan satisfaction and retention.

How can GOCO gain market share?

Only a third of seniors use comparison shopping today to choose the best Medicare plan and perks. Each Encompass module was purposefully created by GOCO to streamline the purchasing process, increase member satisfaction, and correspond with the important metrics in CMS’ Star Ratings. GoHealth (GOCO) offers a tried-and-true method for streamlining Medicare’s formerly complicated process so that beneficiaries receive even better service.

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