Sharecare, Inc. (NASDAQ:SHCR) Q4 2023 Earnings Call Transcript

Brent Layton: We definitely could interact with states. I mean, I did that for many, many years at Centene, but I would tell you right now I’m focused on working with MCOs. The MCOs want to make sure that their members actually get care and get the services and they want to make sure that they understand their benefits and I think we’ve developed a tool to do that just that for them. But I have been speaking to a great deal of states to better understand what they’re looking for, because I honestly believe that our technology lets us do so much more than Medicaid. There’s things within Justice and Foster Care. There’s things in other social services and like I even mentioned SNAP before that I think we can have an impact. So, coming out of working in public private partnerships for 2 decades, that’s something I’m going to spend a lot of time on and have a lot of conversations with states and make sure they understand the flexible and really our innovative technology.

But no, right now definitely focus on Medicaid MCOs.

Operator: And with that, we’ll be concluding today’s question-and-answer session. I’d like to turn the floor back over to Brent Layton for closing remarks.

Brent Layton: Thank you, Jamie. And thank you for your questions today. I appreciate them and I appreciate everybody spending time with me today. As I mentioned, for 2 decades, while I was at Centene, I started the company with about $300 million in revenue. And today, when I walked out that door in 2023, they were doing well over $130 billion. It was a hell of a ride and I’m proud of my time at that great company. At Sharecare though, I am confident we have a similar opportunity to scale this company like I did a MO job. And what I’ve seen and what I’ve heard and the interactions I’ve had as a board member and now as CEO for the last 90 days, we do have happy clients. We do have a dynamic innovative technology platform that creates endless opportunities whether with states, whether with MCOs, whether with value base, whether with employers to help us develop new customers and new innovations.

In closing, I believe in this great company and I’m confident we can scale and that I can scale this great company by driving strong profitable growth. Thank you very much for your attention today.

Operator: Ladies and gentlemen, with that, we’ll conclude today’s conference call and presentation. We thank you for joining. You may now disconnect your lines.