{"schema_version":"secwatch.filing_event.v1","accession":"0001671284-22-000060","form_type":"8-K","ticker":null,"cik":"0001671284","company_name":"NeueHealth, Inc.","filed_at":"2022-11-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:51.650524+00:00","generated_at":"2026-06-22T01:29:25.935036+00:00","sec_items":["1.01","2.02","2.05","5.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Bright Health Q3 revenue $1.6B (+51%), GAAP net loss $259M; guides FY22 Adj EBITDA loss $500-700M; restructures, new COO","bullets":["Q3 revenue $1.6B (+51.3% YoY), GAAP net loss $259.4M, Adjusted EBITDA loss $82.9M.","Enterprise Medical Cost Ratio improved to 90.6% from 103% in Q3'21.","Lowered full-year 2022 Adjusted EBITDA loss guidance to $500-700M; revenue expected $6.8B.","Announced restructuring: exiting Individual and Family Plan and Medicare Advantage outside California; expects workforce reduction.","Appointed Jeff Cook as COO effective Nov 9; CEO of Bright HealthCare Michael Carson stepping down Dec 2."],"urls":{"canonical":"https://secwatch.observer/filing/0001671284-22-000060","json":"https://secwatch.observer/filing/0001671284-22-000060.json","markdown":"https://secwatch.observer/filing/0001671284-22-000060.md","text":"https://secwatch.observer/filing/0001671284-22-000060.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1671284/000167128422000060/0001671284-22-000060-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1671284/000167128422000060/bhg-20221104.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-22T01:29:25.935036+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"327bedda68b8b9ee3b45b4043a69bae86a05d5ab","claim":"NeueHealth, Inc. reported the third quarter ended September 30, 2022 results: revenue $1.6 billion, net income GAAP Net Loss of $259.4 million. Guidance lowered.","evidence_excerpt":"Act, except as expressly set forth by specific reference in such filing. --- EX-99.1 (EX-99.1) --- BRIGHT HEALTH GROUP REPORTS THIRD QUARTER 2022 RESULTS • Revenue of $1.6 billion, up 51.3% from Q3'21, GAAP Net Loss of $259.4 million, Adjusted EBITDA Loss of $82.9 million • Q2’22 Enterprise Medical Cost Ratio of 90.6%, a strong improvement from the prior","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1671284/000167128422000060/0001671284-22-000060-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the third quarter ended September 30, 2022"},{"label":"Revenue","value":"$1.6 billion"},{"label":"Net income","value":"GAAP Net Loss of $259.4 million"},{"label":"Guidance","value":"lowered"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"64e1a73b33","claim":"Jeff Cook was appointed as Chief Operating Officer at NeueHealth, Inc..","evidence_excerpt":"the Board of the Company approved the appointment of Jeff Cook, chief executive officer, NeueHealth, as Chief Operating Officer of the Company, effective as of November 9, 2022.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1671284/000167128422000060/0001671284-22-000060-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chief Operating Officer"}],"fact_type":"executive_change"},{"claim_id":"97ac648b47","claim":"Michael Carson departed as Chief Executive Officer of Bright HealthCare at NeueHealth, Inc..","evidence_excerpt":"On November 9, 2022, the Company announced that Michael Carson, the Chief Executive Officer of Bright HealthCare, is stepping down from his role with the Company, effective December 2, 2022.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1671284/000167128422000060/0001671284-22-000060-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"stepping down"},{"label":"Role","value":"Chief Executive Officer of Bright HealthCare"}],"fact_type":"executive_change"},{"claim_id":"1e445457a713b7cee1a86ffb0da81812e86e8c28","claim":"NeueHealth, Inc. amended Amendment No. 3 with JPMorgan Chase Bank, N.A. (effective 2022-11-08).","evidence_excerpt":"On November 8, 2022, Bright Health Group, Inc. (the \"Company\"), entered into Amendment No. 3 (the “Amendment”) to its Credit Agreement, dated March 1, 2021, among the Company, the other Loan Parties party thereto, the Lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent (as amended by the Amendment, the “Credit Agreement”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1671284/000167128422000060/0001671284-22-000060-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A."},{"label":"Effective","value":"2022-11-08"}],"fact_type":"material_agreement"},{"claim_id":"5d85891df0967442510b7483efeb99548cfb4333","claim":"NeueHealth, Inc. announced a restructuring (restructure its workforce and reduce expenses).","evidence_excerpt":"On November 4, 2022, the Board of Directors (the “Board”) of the Company approved a plan to restructure its workforce and reduce expenses based on the Company's updated business model.","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1671284/000167128422000060/0001671284-22-000060-index.htm","confidence":0.4,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"restructuring"},{"label":"Headcount","value":"restructure its workforce and reduce expenses"}],"fact_type":"restructuring_charge"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}