Clover Health: Difference between revisions

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===Short seller report and "meme stock" status===

Less than a month after it began trading, Clover Health was the subject of a "blistering" short seller report by research firm [[Hindenburg Research]] that drove its stock down by 15%. Responding the following day, the company disclosed it was under investigation by the U.S. Securities and Exchange Commission. Later in 2021, attracted by the significant [[short interest]], Clover Health became a meme stock and its stock price rose significantly; before falling back; as of June 2022 the share price remains significantly below where it went public.

== Services ==

Clover Health offers Medicare Advantage plans in "largely rural or underserved areas". The company is led by [[chief executive officer]] Vivek Garipalli and president and [[chief technology officer]] Andrew Toy. As of August 2021, Clover Health had 129,000 beneficiaries, split between its Medicare Advantage plans and direct contracting coverage. The beneficiaries are located in 11 states: [[Arizona]], [[Georgia (U.S. state)|Georgia]], [[Kansas]], [[New Jersey]], [[New York (state)|New York]], [[Pennsylvania]], [[Rhode Island]], [[South Carolina]], [[Tennessee]], [[Texas]], and [[Vermont]].

Clover Health created a machine learning [[software platform]] called the Clover Assistant to offer care recommendations to [[primary care physicians]] and alert them about medical events, such as if a patient has picked up their prescription. The platform aggregates health information and uses it with the machine learning process to deliver recommendations to care providers.

==Operations==

The corporate headquarters are in [[Franklin, Tennessee|Franklin]], Tennessee, and the company has additional offices in [[San Francisco]], [[California]], [[Jersey City]], New Jersey, and [[Hong Kong]].

[[Chelsea Clinton]] and Demetrios L. Kouzoukas, the former Director of the Center for Medicare and Principal Deputy Administrator of the [[Center for Medicare and Medicaid Services]] (CMS) during the [[Trump administration]], are both members of Clover Health's board of directors.

== External links ==

@@ Line 70: / Line 70: @@
 ===Short seller report and "meme stock" status===
 Less than a month after it began trading, Clover Health was the subject of a "blistering" short seller report by research firm [[Hindenburg Research]] that drove its stock down by 15%.  Responding the following day, the company disclosed it was under investigation by the U.S. Securities and Exchange Commission. Later in 2021, attracted by the significant [[short interest]], Clover Health became a meme stock and its stock price rose significantly; before falling back; as of June 2022 the share price remains significantly below where it went public.
+== Services ==
+Clover Health offers Medicare Advantage plans in "largely rural or underserved areas". The company is led by [[chief executive officer]] Vivek Garipalli and president and [[chief technology officer]] Andrew Toy. As of August 2021, Clover Health had 129,000 beneficiaries, split between its Medicare Advantage plans and direct contracting coverage. The beneficiaries are located in 11 states: [[Arizona]], [[Georgia (U.S. state)|Georgia]], [[Kansas]], [[New Jersey]], [[New York (state)|New York]], [[Pennsylvania]], [[Rhode Island]], [[South Carolina]], [[Tennessee]], [[Texas]], and [[Vermont]].
+Clover Health created a machine learning [[software platform]] called the Clover Assistant to offer care recommendations to [[primary care physicians]] and alert them about medical events, such as if a patient has picked up their prescription.  The platform aggregates health information and uses it with the machine learning process to deliver recommendations to care providers.
+==Operations==
+The corporate headquarters are in [[Franklin, Tennessee|Franklin]], Tennessee, and the company has additional offices in [[San Francisco]], [[California]], [[Jersey City]], New Jersey, and [[Hong Kong]].
+[[Chelsea Clinton]] and Demetrios L. Kouzoukas, the former Director of the Center for Medicare and Principal Deputy Administrator of the [[Center for Medicare and Medicaid Services]] (CMS) during the [[Trump administration]], are both members of Clover Health's board of directors.
 == External links ==