Clover

Clover Health Reports Fourth Quarter and Full Year 2023 Financial Results; Delivers Continued Momentum in Financial Performance and Provides Full-Year 2024 Guidance

Retrieved on: 
Tuesday, March 12, 2024
Insurance, PPO, Clover, Medicare, MCR, Economics, Clover Health

FRANKLIN, Tenn., March 12, 2024 (GLOBE NEWSWIRE) -- Clover Health Investments, Corp. (NASDAQ: CLOV) ("Clover," "Clover Health" or the "Company"), a managed care company focused on physician enablement, today reported financial results for the fourth quarter and full year 2023. Management will host a conference call today at 5:00 p.m. ET to discuss its operating results and other business highlights.

Key Points: 
  • FRANKLIN, Tenn., March 12, 2024 (GLOBE NEWSWIRE) -- Clover Health Investments, Corp. (NASDAQ: CLOV) ("Clover," "Clover Health" or the "Company"), a managed care company focused on physician enablement, today reported financial results for the fourth quarter and full year 2023.
  • For the fourth quarter 2023, the Company reported revenue of $510.3 million and net loss of $70.5 million, with full-year revenue of $2,033.7 million and net loss of $213.4 million.
  • Insurance revenue during the fourth quarter grew by 12% to $303.1 million, and grew by 14% to $1,235.8 million for full-year 2023.
  • Insurance MCR also meaningfully improved to 82.4% in the fourth quarter and 81.2% for full-year 2023, as compared to 92.4% in the fourth quarter 2022 and 91.8% for full-year 2022.

Top Ten Payments Companies Processed $9.5 Trillion in 2023 Payment Card Volume

Retrieved on: 
Wednesday, April 3, 2024
Professional Services, Payments, Technology, Finance, Consulting, Banking, POS, ROI, Directory, Visa, Optical disc image, Intelligence, Authorize.Net, Sale, JPMorgan Chase, Restaurant, Clover, Wells Fargo

Collectively, the companies highlighted process over 95% of all card payment volume in the U.S.

Key Points: 
  • Collectively, the companies highlighted process over 95% of all card payment volume in the U.S.
  • Looking at the top-ranked companies, JPMorgan Chase & Co. ranks first for estimated U.S. total processing volume at $2.4T, and first for estimated U.S. total transactions at 46.2B.
  • Merchant Acquirers , sponsored by Chargeback Gurus , which features over 11,000 data points on more than 300 companies, covering national leaders to regional ISOs.
  • The top five players processed an estimated $7.5 trillion in card volume in 2023.

733Park Announces the Exclusive Listing of Project Treasure – A Premier Merchant Processing Portfolio for Sale

Retrieved on: 
Tuesday, March 12, 2024
Technology, Payments, Finance, Consulting, Fintech, Banking, Professional Services, Software, Other Professional Services, POS, Clover, Lost Reavers, Software as a service, Paysafe, Growth, Sale, M&A

733Park , Inc., a distinguished advisory firm specializing in payments, fintech, SaaS, and ISVs, announced it has been exclusively appointed to represent Project Treasure, a lucrative recurring revenue merchant processing portfolio positioned for sale.

Key Points: 
  • 733Park , Inc., a distinguished advisory firm specializing in payments, fintech, SaaS, and ISVs, announced it has been exclusively appointed to represent Project Treasure, a lucrative recurring revenue merchant processing portfolio positioned for sale.
  • Project Treasure stands as a testament to astute financial engineering and market fit, yielding an impressive $175,000 in net monthly revenue, net of agents.
  • This listing shines particularly brightly due to its substantial composition of cash discounting accounts, representing 60% of the total portfolio.
  • Lane Gordon , 733Park's founder and M&A veteran, commented, "Project Treasure represents an unparalleled opportunity in the merchant processing space.

Jackpot World Launches New "Leprechaun's Clovers" Slot Game to Celebrate St. Patrick's Day

Retrieved on: 
Friday, March 22, 2024
Music, Animation, Collection, Clover, Leprechaun, Casino

In the spirit of St. Patrick's Day, Jackpot World is delighted to announce the release of its latest slot game, "Leprechaun's Clovers," which immerses players in the enchanting world of Irish folklore and tradition.

Key Points: 
  • In the spirit of St. Patrick's Day, Jackpot World is delighted to announce the release of its latest slot game, "Leprechaun's Clovers," which immerses players in the enchanting world of Irish folklore and tradition.
  • With many St. Patrick's Day-themed slot machines already on the market, "Leprechaun's Clovers" from Jackpot World stands out with its unique combination of art and gameplay.
  • One of the unique features of Jackpot World is the ability for players to earn free coins throughout their gameplay.
  • "We are excited to introduce 'Leprechaun's Clover' to our collection of multicultural slot machines and provide players with a fun and rewarding way to celebrate St. Patrick's Day."

Industry Veteran Clay Thornton Joins Clover Health as CFO of Medicare Advantage

Retrieved on: 
Thursday, March 7, 2024
PPO, Humana, Clover Health, Medicare, Clover, Region, Management

FRANKLIN, Tenn., March 07, 2024 (GLOBE NEWSWIRE) -- Today Clover Health ("Clover" or "the Company") announced Clay Thornton as the newly appointed Chief Financial Officer of its Medicare Advantage (MA) division.

Key Points: 
  • FRANKLIN, Tenn., March 07, 2024 (GLOBE NEWSWIRE) -- Today Clover Health ("Clover" or "the Company") announced Clay Thornton as the newly appointed Chief Financial Officer of its Medicare Advantage (MA) division.
  • Thornton's expertise in driving financial strategies that bolster quality outcomes, member and provider satisfaction, and sustainable business expansion makes him an ideal fit for Clover.
  • "I am thrilled to join the team at Clover Health and drive forward their PPO-first approach in the Medicare Advantage space," said Thornton.
  • His leadership will be instrumental in advancing our PPO-first approach, ensuring we continue to thrive in Medicare Advantage through our technology-driven, patient-centered care model."

Fiserv Unveils New Global Headquarters in Downtown Milwaukee

Retrieved on: 
Monday, March 4, 2024
Technology, Retail, Finance, Banking, Online Retail, Electronic Commerce, Commercial Building & Real Estate, Professional Services, Construction & Property, Payments, Other Retail, Software, Fintech, Hardware, Cream, Literacy, Breakfast, Multimedia, Lunch, Biophysical environment, Milwaukee metropolitan area, Sale, Clover, Supercorridor, Seed, LEED, Certification, Movement, Connector, Partnership

Fiserv, Inc. (NYSE: FI), a leading global provider of payments and financial technology solutions, today celebrated a milestone move to its new global headquarters in downtown Milwaukee.

Key Points: 
  • Fiserv, Inc. (NYSE: FI), a leading global provider of payments and financial technology solutions, today celebrated a milestone move to its new global headquarters in downtown Milwaukee.
  • View the full release here: https://www.businesswire.com/news/home/20240304550078/en/
    The Fiserv global headquarters at 600 Vel R. Phillips Ave. in Milwaukee, Wisconsin, features nearly 170,000 square feet of space designed to bring together Fiserv associates, clients and prospects in a modern digital-first workplace that embodies the company’s innovative solutions and expertise with uniquely local features.
  • “A dynamic destination for talent and clients, our new headquarters reflects our focus on creating value and enabling best-in-class results for our clients.”
    “I am thrilled to have the global headquarters of Fiserv open in my city’s downtown.
  • In 2023, the company became the muti-year presenting sponsor of the Milwaukee Night Market Presented by Clover from Fiserv, which takes place just outside the new Fiserv headquarters location in the city’s Westown neighborhood.

Genesis Bank Partners With Fiserv to Support Businesses in Low- and Moderate-Income Communities

Retrieved on: 
Tuesday, February 20, 2024
Professional Services, Payments, Technology, Finance, Fintech, Banking, LMI, Corporate social responsibility, POS, Bank, Small business, Culture, Sale, Nature, Clover, Genesis, Partnership, Renewable energy

Genesis Bank (“Genesis” or the “Bank”), announced today that Genesis and Fiserv, Inc. (NYSE:FI) will partner to offer businesses located primarily in low- and moderate-income (“LMI”) communities access to Clover point-of-sale (“POS”) technology, with zero entry costs and significantly discounted subscription fees.

Key Points: 
  • Genesis Bank (“Genesis” or the “Bank”), announced today that Genesis and Fiserv, Inc. (NYSE:FI) will partner to offer businesses located primarily in low- and moderate-income (“LMI”) communities access to Clover point-of-sale (“POS”) technology, with zero entry costs and significantly discounted subscription fees.
  • The popular Clover point-of-sale and business management system from Fiserv enables small- and mid-sized businesses to accept payments and run their business while also offering capabilities to enhance customer experience and streamline operations.
  • As the underlying nature and complexity of technology continues to evolve, gaining access to advanced POS systems has become essential for businesses to effectively operate, compete, and grow.
  • Accordingly, we believe this affordable Clover offering will further support our mission to make an impact in the diverse, entrepreneurial LMI communities we serve across Southern California.

Genesis Bank and Fiserv Partner to Strengthen Small Businesses in Local Communities

Retrieved on: 
Tuesday, February 20, 2024
Data Management, Banking, Socially Responsible Investing, Technology, Professional Services, Small Business, Digital Cash Management, Digital Assets, DEI (Diversity, Equity and Inclusion), Software, Fintech, Finance, LMI, Corporate social responsibility, POS, Small business, Growth, Sale, Nature, Clover, Learning, MDI, Video game

Beginning this month, small businesses located primarily in low-to-moderate income (LMI) communities served by Southern California-based Genesis Bank will have access to customized technology bundles.

Key Points: 
  • Beginning this month, small businesses located primarily in low-to-moderate income (LMI) communities served by Southern California-based Genesis Bank will have access to customized technology bundles.
  • “We are incredibly excited to be partnering with Fiserv to offer this low-cost retail solutions bundle to small- and mid-sized businesses,” said Stephen H. Gordon, Chairman and Chief Executive Officer of Genesis Bank.
  • Genesis Bank recognizes cost burden as being a significant barrier to gaining access to such essential technology, especially for the diverse small business owners and entrepreneurs that have historically been underserved.
  • Small businesses interested in learning more about accessing Clover with no entry costs can visit https://www.mygenesisbank.com/cloverbundle .

Pricefx Raises the Bar for Price Management, Optimization and CPQ With New Platform Release

Retrieved on: 
Wednesday, January 31, 2024
Payments, Data Management, Technology, Software, Artificial Intelligence, Internet, Hardware, Clover, Sales, Synthetic media, Generative, AI

Pricefx , the global leader in cloud-native pricing software, announced the release of Clover Club 12.0 version of its award-winning pricing platform.

Key Points: 
  • Pricefx , the global leader in cloud-native pricing software, announced the release of Clover Club 12.0 version of its award-winning pricing platform.
  • These enhancements also lay the foundation for integrating Generative AI into the Pricefx ecosystem in 2024 and beyond.
  • Sales teams using Pricefx Product Recommendations functionality can provide more options to substitute similar or add complementary products during quoting.
  • Pricefx Negotiation Guidance functionality now includes the option to define cross-segment pricing positioning rules by different attributes such as customer size, region and competitiveness.

Clover Health and WellBe Senior Medical Partner to Bring In-home Medical Care to Atlanta Patients and Across Rural Georgia

Retrieved on: 
Tuesday, November 7, 2023
Practitioner, Association for the Wellbeing of Children in Healthcare, Health, Physician, Clover Health, MD, TTY, Caregiver, Partnership, Travel, Patient, Social, Completeness, Health insurance, Nursing, Clover

ATLANTA, Nov. 7, 2023 /PRNewswire/ -- Clover Health and WellBe Senior Medical have teamed up to deliver home-based medical care to residents of Georgia living with multiple complex health conditions.

Key Points: 
  • ATLANTA, Nov. 7, 2023 /PRNewswire/ -- Clover Health and WellBe Senior Medical have teamed up to deliver home-based medical care to residents of Georgia living with multiple complex health conditions.
  • WellBe Senior Medical puts patients first by delivering medical visits to members at their home.
  • WellBe Senior Medical is an in-home medical care group specializing in caring for individuals with multiple chronic conditions.
  • Our partnership with WellBe Senior Medical will give members access to personalized medical care in the comfort of their homes."