Clover Health Investments, Corp. · NASDAQ:CLOV
Clover Health Investments — 40th Annual J.P. Morgan Virtual Healthcare Conference (January 2022)
19 slides from Clover Health Investments's conference presentation, Jan 11, 2022
Slide 1: The software defined physician
The software defined physician JP Morgan Healthcare Conference January 11, 2022
Slide 2: Disclaimer
Disclaimer This presentation and the accompanying oral presentations include forward-looking statements, including statements regarding strategy and plans; market size and opportunity; competitive position; potential growth opportunities; business model and growth expectations; plan performance; and
Slide 3: Vivek Garipalli and Andrew Toy
VIVEK GARIPALLI ANDREW TOY Founder, CEO President, CTO • Healthcare executive with significant industry • Technology executive with over 20 years of experience industry experience • Founder of CarePoint Health, a fully integrated • Android team leader at Google, focused on healthcare system in New J
Slide 4: "Software is eating the world…"
“Software is eating the world…” Mark Andreessen
Slide 5: Clover: The software defined physician
Clover : The software defined physician Software has allowed Clover to: ● Enhance the quality of care provided by physicians through the union of software and their clinical experience ● Help physicians access the latest and most complete view of patient data and protocols ● Improve the ability of p
Slide 6: Clover Assistant: Empowering action by Primary Care Physicians
Clover Assistant: Empowering action by Primary Care Physicians PCP Charts Actionable Data Key Features (at the point of care) Clover Assistant • EHR Integration Specialist Charts • Evidence-Based Care planning • Telehealth Functionality EHR Data • Potential Comorbidities • Patient Panel Listing Phar
Slide 7: Clover Assistant is built for cross-healthcare scale
Clover Assistant is built for cross-healthcare scale Provider Engagement Member Engagement Infrastructure Physician Assistant Office Assistant Smart Wearable Home Health IoT Surface Surface Devices Kubernetes Container-Centric Cloud Deployment Action: Devices, Machine Learning Model Training Infrast
Slide 8: The software-defined physician drives healthcare efficiency
The software-defined physician drives healthcare efficiency Incurred MCR improvements versus Non-CA PCPs 20% 17% 13% Year 1 Year 2 Year 3 Based on data from the first nine months of 2021. Incurred MCR is a non-GAAP financial measure that excludes prior period development from GAAP MCR. A reconciliat
Slide 9: Clover Assistant Usage Is Growing Fast
Clover Assistant Usage Is Growing Fast Consistently Gaining …Driving More Platform Scale… Usage Since launching the Clover Assistant in July 2018, Clover has continuously gained scale and engagement. 9
Slide 10: Lives Under Clover Assistant Growing Rapidly
Lives Under Clover Assistant Growing Rapidly Lives Under CA Management 94,081 29,084 Sept. 30, 2020 Sept. 30, 2021
Slide 11: The Clover Assistant Drives Outsized Value For All Key Constituents in Healthcare
The Clover Assistant Drives Outsized Value For All Key Constituents in Healthcare Value For Providers Synthesize Broad • Simplifies data-driven care decisions Data • Accelerates transition to value based care Value For Patients Surface Dynamic Clover • Knowledge that they are seeing a well Insights
Slide 12: Appendix
Appendix
Slide 13: Clover's Strategy Has Yielded Industry-Leading Growth
Clover’s Strategy Has Yielded Industry-Leading Growth (‘000s) ($ in millions) 207+ Clover lives are expected to increase ~60% in 2022 13 MA DC Clover’s technology-driven strategy has resulted in robust lives and revenue growth *2022E revenue is based on analyst consensus estimates from IR Insight on
Slide 14: We Have Line Of Sight To A Market Leadership Position In Our First State
We Have Line Of Sight To A Market Leadership Position In Our First State Our capture of the MA market’s growth in NJ was 1.6x that of our largest competitor since 2014. We believe our expanding leadership position in NJ gives us a strong margin of safety as we continue to grow our business in additi
Slide 15: We Believe We Can Replicate This Growth Nationwide
We Believe We Can Replicate This Growth Nationwide Clover lives in Georgia nearly tripled from 2021 to 2022 We believe we can replicate our NJ results in GA, where there are over 460k individuals in MA(1), which we believe gives us a sizeable market to address. Source: CMS CPSC Data. (1) Excluding t
Slide 16: We Expect Significant Growth In DC To Bolster Our CA Growth
We Expect Significant Growth In DC To Bolster Our CA Growth In The Near-Term And Long-Term We are at least doubling Direct Contracting Lives Under Management from launch to the second year. (1) Launch DCE lives based on Q2 2021 DCE lives disclosed in 2Q 2021 Form 10-Q, and 2022 estimated DCE lives b
Slide 17: COVID Had A Big Impact on Medical Expenses and Revenue
COVID Had A Big Impact on Medical Expenses and Revenue Medical Expense Impact Revenue Impact Pre-Pandemic The impact of COVID in 2020 affected our PY2021 risk scores (1) (1) Given our focus on serving traditionally underserved populations and our geographic mix, we saw impacts to medical expense and
Slide 18: Reconciliation: Incurred MCR (Non-GAAP) to GAAP MCR
Reconciliation: Incurred MCR (Non-GAAP) to GAAP MCR (Medicare Advantage Members in First Nine Months of 2021) GAAP MCR 107.1% Prior Period Development -1.6% Incurred MCR (Non-GAAP) 105.5% We calculate our Medical Care Ratio (MCR) by dividing total net medical claims incurred by premiums earned, in e
Slide 19: Tesla: The software defined car
Tesla : The software defined car Software has allowed Tesla to: ● Produce a superior car that is the union of its software and hardware capabilities ● Improve the capabilities of existing hardware just by releasing updated software ● Satisfy users who know that they are constantly running the latest