agilon health, inc. is a healthcare services company that partners with independent primary care physicians to transition their practices to value-based care models. Operating primarily in the United States, the company focuses on seniors enrolled in Medicare Advantage plans. agilon provides the technology platform, capital, and business expertise necessary for physician groups to form risk-bearing entities and manage the total healthcare needs of their patients under global capitation arrangements.
agilon relies on a limited number of Medicare Advantage payors for a significant portion of its revenue; in fiscal 2025 its largest payors represented 17% (Payor A), 16% (Payor B), 13% (Payor C) and 10% (Payor E) of total revenues. It identifies Humana, Aetna and UnitedHealthcare as key payors, and substantially all of its revenue is derived from government healthcare programs (primarily Medicare Advantage).