P3 Health Partners Inc. (NASDAQ:PIII) Q4 2023 Earnings Call Transcript

Jack Senft: Okay. Understood. And just a quick follow-up. Can you guys just talk about the demand you’re seeing from health systems and kind of how those partnerships have progressed I think that’s a pretty good opportunity. So just kind of curious how those are shaping up for this year and if you’re still generally seeing demand from health systems?

Sherif Abdou : Yes. Thanks, Jack. Sherif here. Yes, we continue to see demand from the health system. And as you all may or may not know that 61% of primary care are employee doorstep through health systems in this country. So that’s why we’re focusing on the joint venture and strategic partnership opportunities with health system overall because of the access to that large pool of providers and physicians that looking for improved working conditions, workflow and returning to the joy of practice in the medicine as well. And we believe that our model will provide and support that.

Operator: All right. Thank you. Well, that appears to end our question-and-answer session. So I’d like to turn the conference back over to the management team for any closing remarks.

Sherif Abdou : Great. Thank you very much, operator. So for everybody, I really wanted to thank you for attending our fourth quarter and end of year 2023, and I want recap what we discussed today with the group, which is we had a very strong growth year in 2023 with 21% increase in the top line revenue. And we’re reaffirming and confirming 2024 full guidance of positive EBITDA of $20 million to $40 million. Thank you very much, and have a great afternoon.

Operator: Thank you, sir. This concludes today’s conference call. We thank you all for attending today’s presentation. You may now disconnect your lines, and have a wonderful day.