Aug. 21 at 5:14 PM
$CLOV
Napkin Math but Follow Along… At today’s membership, if United Health and Humana signed their Medicare Advantage business up for @counterparthlth SaaS, and assume a
$20 PMPM fee. That would generate about
$3.8B a year in revenue for @CloverHealth
If Clover can really save the both of them 15% on their MCR in Medicare Advantage alone, that would be about a
$40 Billion savings for
$HUM and
$UNH combined. If Clover got a 20% share in the savings they would get
$8 Billion in Revenue from that.
That’s potentially (Napkin Math & Not Financial Advice)
$11.8 Billion in high margin SaaS Revenue.
$11.8 Billion x 30X Multiple =
$354 Billion Valuation =
$708/Share.
