
Feb 28, 2026
Kevin interviews John Kao, CEO of Alignment Health, after the company reported earnings that beat the high end of guidance across membership, revenue, gross profit, and EBITDA. Kao explains Alignment’s provider-alignment model: guaranteeing PCP reve

Kevin interviews John Kao, CEO of Alignment Health, after the company reported earnings that beat the high end of guidance across membership, revenue, gross profit, and EBITDA.
Kao explains Alignment’s provider-alignment model: guaranteeing PCP revenue via monthly payments, stratifying members so an interdisciplinary “Care Anywhere” team manages the highest-risk 10% at home, and sharing data back to physicians to improve outcomes and reduce avoidable hospitalizations. He discusses California-specific dynamics with IPAs, shared-risk arrangements, and global capitation, and contrasts these with expansion into new markets via clinically integrated networks and hospital systems.
They address oncology as a specialty risk area, health system tensions around MA payment and claim edits, and CMS’s MA advance notice, emphasizing program integrity and the potential advantage for low-cost, clinically driven plans amid V28 and policy changes.
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