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Discontinued Operations | 12 Months Ended
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Dec. 31, 2023
Discontinued Operations and Disposal Groups [Abstract] |
Discontinued Operations | Discontinued Operations On January 11, 2021, Evolent Health LLC, EH Holdings and True Health, each wholly owned subsidiaries of the Company, entered into a Stock Purchase Agreement (the “True Health SPA”) with Bright Health Management, Inc. (“Bright HealthCare”), pursuant to which EH Holdings agreed to sell all of its equity interests in True Health to Bright HealthCare. Closing of the transactions contemplated by the True Health SPA occurred on March 31, 2021 (the “True Health Closing”) and the Company has had no continuing involvement with True Health subsequent to the closing except a pre-existing services agreement for claims processing and other health plan administrative functions. As of the first quarter of 2021, the Company determined that True Health met the discontinued operations criteria under ASC 205, and as such, True Health assets and liabilities and the results of operations for all periods presented are classified as discontinued operations and are not included in continuing operations in the consolidated financial statements. The following table summarizes the results of operations of the Company’s True Health business, which are included in loss from discontinued operations in the consolidated statements of operations and comprehensive income (loss):
| For the Year Ended December 31, 2021
Revenue |  |  |
Platform and operations | $ | 38 |  |  |
Premiums | 44,795 |  |  |
Total revenue | 44,833 |  |  |
Expenses |  |  |
Cost of revenue (exclusive of depreciation and amortization expenses presented separately below) (1) | 5,885 |  |  |
Claims expenses | 33,954 |  |  |
Selling, general and administrative expenses (2) | 5,764 |  |  |
Depreciation and amortization expenses | 160 |  |  |
Total operating expenses | 45,763 |  |  |
Operating loss | (930) |  |  |
Interest income | 112 |  |  |
Interest expense | (4) |  |  |
Other loss | (25) |  |  |
Loss before income taxes and non-controlling interests | (847) |  |  |
Provision for income taxes | (326) |  |  |
Net loss | $ | (521) |  |  |
———————— (1)Cost of revenue includes intercompany expenses between the Company and True Health that are recorded in loss from continuing operations in the consolidated statements of operations and comprehensive income (loss) related to an existing services agreement for claims processing and other health plan administrative functions of $2.8 million for the year ended December 31, 2021. (2)Selling, general and administrative expenses include intercompany expenses between the Company and True Health that are recorded in loss from continuing operations on the consolidated statements of operations and comprehensive income (loss) related to an existing services agreement for claims processing and other health plan administrative functions of $1.1 million for the year ended December 31, 2021. The consolidated statements of cash flows for all periods have not been adjusted to separately disclose cash flows related to discontinued operations. Cash flows related to the True Health business were as follows:
| For the Year Ended December 31, 2021
Cash flows provided by operating activities | $ | 5,002 |  |  |
Cash flows (used in) provided by investing activities | (2,494) |  |  |

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- Definition The entire disclosure related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//205-20/tableOfContent Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//360/tableOfContent + Details
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