Claritev NYSE: CTEV reported first-quarter 2026 revenue and adjusted EBITDA ahead of internal expectations, while management said sales momentum and new-market expansion support its full-year outlook.
Claritev Corporation (CTEV) Q1 2026 Earnings Call Transcript
Claritev Corporation (CTEV) came out with a quarterly loss of $4.41 per share versus the Zacks Consensus Estimate of a loss of $3.81. This compares to a loss of $3.43 per share a year ago.
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| CE Curtis Ellergodt Rothschild Investment LLC | 2 | $86 | $59.04 | -$26.96 | -31.35% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 10 | $76.4 | $295.9 | $219.5 | 287.3% |
Daniel Loeb | 44,000 | $1.88M | $1.3M | -$585,640 | -31.13% |
Point72 Asset Management LP Point72 Asset Management LP | 89,444 | $3.43M | $2.66M | -$767,222.44 | -22.37% |
Jeff Ameen Spire Wealth Management | 140 | $5,985 | $3,970.4 | -$2,014.6 | -33.66% |
| Software Industry | Information Technology Sector | Travis S. Dalton CEO | NYSE Exchange | 62548M209 CUSIP |
| US Country | 2,700 Employees | - Last Dividend | 23 Sep 2024 Last Split | - IPO Date |
Claritev Corporation, along with its subsidiaries, is a provider of innovative data analytics and technology-enabled solutions focused on cost management, payment, and revenue integrity specifically tailored for the healthcare industry in the United States. The company is dedicated to offering analytics-based services aimed at reducing medical expenses by utilizing data-driven algorithms that effectively detect claims overcharges and facilitate negotiation or reimbursement recommendations. Additionally, Claritev Corporation enhances cost management through network-based services that offer contracted discounts with healthcare providers, along with comprehensive outsourced network development and management services.
Founded in 1980 and headquartered in New York, New York, Claritev Corporation was previously known as MultiPlan Corporation before changing its name in February 2025. The company serves various clients including national and regional insurance entities, Blue Cross and Blue Shield plans, provider-sponsored and independent health plans, third-party administrators (TPAs), self-insured health plans, property and casualty insurers, bill review organizations, and other stakeholders involved in the claims adjudication process.
These services leverage sophisticated data-driven algorithms and insights to detect overcharges in medical claims. By negotiating or recommending appropriate reimbursement amounts, Claritev helps reduce unnecessary healthcare costs.
Claritev provides contracted discounts with healthcare providers. These services also include outsourced network development and management to optimize provider collaboration and payment efficiencies.
This suite involves identifying and eliminating improper and unnecessary charges that may have been incurred during the claims process. The company also focuses on recognizing underpaid premium dollars to ensure clients receive owed amounts.
Claritev employs modern data science methodologies to deliver descriptive, predictive, and prescriptive analytics. This helps in designing optimized benefit plans, supports informed decision-making, improves clinical outcomes, and reduces overall care costs.
The company offers various services related to healthcare payments between businesses, streamlining financial transactions in the healthcare ecosystem while maintaining compliance and integrity.