agilon health, inc. (AGL) Presents at Barclays 28th Annual Global Healthcare Conference Transcript

SA Transcripts158.91K FollowersFollow5ShareSaveCommentsPlay Earnings CallPlay Earnings Call agilon health, inc. (AGL) Barclays 28th Annual Global Healthcare Conference March 10, 2026 1:30 PM EDT Company Participants Evan Smith - Senior Vice President of Investor RelationsKarthik Rao Conference Call Participants Andrew Mok - Barclays Bank PLC, Research Division Presentation Andrew MokBarclays Bank PLC, Research Division Hi. Welcome back to the Barclays Global Healthcare Conference. My name is Andrew Mok. I'm the Facilities and Managed Care Analyst here at Barclays, and I'm pleased to have agilon Health joining me on stage today. We have Karthik Rao, Chief Medical Officer; and Evan Smith, SVP of Investor Relations. Welcome. Evan SmithSenior Vice President of Investor Relations Thank you. Question-and-Answer Session Andrew MokBarclays Bank PLC, Research Division So first, we just -- you just reported fourth quarter results, set 2026 guidance a few weeks ago. Why don't we start with just an overview of kind of the business and recent results, where we are, take stock of where we are today and sort of the outlook for 2026? Evan SmithSenior Vice President of Investor Relations So as everybody, if you listened to the call, we've initiated a fairly substantive transformation initiative. So across the board for 2026, we've reset our contracting with about 250 bps or better, $125 million incremental benefit year-over-year where we get from that. In addition, the rate will ask about $500 million in incremental benefit in 2026. And then our BOI and clinical pathways initiatives will also continue to generate in excess of V28, which we think is positive, and Karthik can talk more about that in a minute. And then we've also been able, from a contracting standpoint to get substantial incremental potential from our quality initiatives. So higher incentives from payers for quality incentives. And then going into 2026, if you look at our