Company: PIII
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001628280-25-015305
Chunk: 218

Company: P3 Health Partners Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 7
Chunk 218
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 Less:Medical claims expense(1,398,143)(1,117,258)Other medical expense(1)(161,229)(117,482)Depreciation and amortization(86,058)(86,675)Other segment items(2)(140,532)(114,069)Interest expense, net(22,173)(15,985)Interest income1,689 1,363 Loss before income taxes(305,991)(183,731)Income tax provision(4,387)(2,695)Net loss$(310,378)$(186,426)December 31,20242023(in thousands)Segment assets$121,266 $118,497 Other assets(3)662,154 742,470 Total assets$783,420 $860,967 __________________(1)Other medical expense includes subcapitation expense, affiliate provider compensation expense, and other non-claim costs.(2)Other segment items include premium deficiency reserve, corporate, general and administrative expense, sales and marketing expense, impairment of asset held for sale, and miscellaneous income and expense.(3)Other assets consists of cash, restricted cash, prepaid expenses and other current assets, other receivables, assets held for sale, and other long-term assets not allocated to the reportable segment.

Note 19: Related Parties

Atrio Health PlansCPF, a principal equity holder of the Company, has an equity investment in Atrio Health Plans (“Atrio”). The Company has a full-risk capitation agreement in place with Atrio whereby the Company is delegated to perform services on behalf of Atrio’s members assigned to the Company. These delegated services include but are not limited to provider 

P3 Health Partners Inc. | 2024 Form 10-K | 117

network credentialing, patient authorizations, and medical management (care management, quality management and utilization management). The following tables summarize the Company’s transactions with Atrio:Year Ended December 31,20242023(in thousands)Capitated revenue$303,606 $192,577 Other patient service revenue$4,340 $2,737 Medical expense$345,566 $197,641 December 31,20242023(in thousands)Health plan receivable$23,872 $5,290 Claims payable$61,090 $41,348 Health plan settlements payable$1,386 $4,176 Deferred revenue (1)$