CEO Commentary "That has a deal with delivering care and price, we experienced a robust fourth quarter and comprehensive 12 months in 2023 as we produce a earth of well being about each customer.
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Management and investors use this metric being an indicator of your adequacy of your Wellness Treatment Added benefits phase's health and fitness treatment costs payable liability at the end of Each individual quarter and as an indicator of alterations in this kind of adequacy with time.
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(4) Clinical membership represents the quantity of customers protected via the Health Treatment Benefits phase's insured and ASC healthcare items and connected providers at a specified point in time. Administration takes advantage of this metric to understand variances concerning precise clinical membership and predicted amounts and tendencies in time period-more than-interval benefits.
The acquisition-related transaction and integration expenses are mirrored in the Company's condensed consolidated statements of operations in functioning expenditures within just the company/Other phase.
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In the 12 months ended December 31, 2023 and the 3 months and year finished December 31, 2022, the loss on belongings held available relates to the LTC reporting device inside the Pharmacy & Consumer Wellness section. Throughout 2022, the corporation decided that its LTC company was no more a strategic asset and committed to a decide to sell it, at which period the LTC business fulfilled the standards for held-for-sale accounting and its Internet belongings had been accounted for as property held on the market. The carrying worth of the LTC business was resolute to generally be better than its believed fair worth fewer fees to provide and, accordingly, the business recorded a reduction on belongings held available for sale over the third quarter of 2022. As of December 31, 2022, The web property of your LTC enterprise ongoing to meet the standards for held-for-sale accounting And through the fourth quarter of 2022, an incremental decline on assets held on the market was recorded to put in writing down the carrying price of the LTC business to its estimated 47 cash reasonable worth a lot less costs to sell.
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