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Claims runout is the actuarial lag at the center of managed care reporting: provider invoices for services rendered in a given quarter continue arriving for weeks after that period closes, and any company bearing medical cost risk must estimate how much expense has been incurred but not yet billed.
The uncertainty that creates is not uniform across patient populations.
Organizations managing people with complex conditions tend to see higher claim frequency and larger average episode cost, both of which stretch the runout tail and add variance to the reported figures.
Against that backdrop, Evolent Health, Inc.
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