Claritev Corp
For the period ended Dec 31, 2024. Filed Feb 26, 2025.
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FY2024 · Filed Feb 26, 2025
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Cautionary Note Regarding Forward-Looking Statements
This Annual Report on Form 10-K includes statements that express our and our subsidiaries' opinions, expectations, beliefs, plans, objectives, assumptions or projections regarding future events or future results and therefore are, or may be deemed to be, "forward-looking statements." These forward-looking statements can generally be identified by the use of forward-looking terminology, including the terms "believes," "estimates," "anticipates," "expects," "seeks," "projects," "intends," "plans," "may," "will" or "should" or, in each case, their negative or other variations or comparable terminology. These forward-looking statements include all matters that are not historical facts. They appear in a number of places throughout this Annual Report on Form 10-K and these forward-looking statements reflect management's expectations regarding our future growth, results of operations, operational and financial performance and business prospects and opportunities. Such forward-looking statements are based on available current market material and management's expectations, beliefs and forecasts concerning future events impacting our business. Factors that may impact such forward-looking statements include:
loss of our clients, particularly our largest clients;
the ability to achieve the goals of our strategic plans and recognize the anticipated strategic, operational, growth and efficiency benefits when expected;
our ability to enter new lines of business and broaden the scope of our services;
the loss of key members of our management team or inability to maintain sufficient qualified personnel;
our ability to continue to attract, motivate and retain a large number of skilled employees, and adapt to the effects of inflationary pressure on wages;
trends in the U.S. healthcare system, including recent trends of unknown duration of reduced healthcare utilization and increased patient financial responsibility for services;
effects of competition;
effects of pricing pressure;
the inability of our clients to pay for our services;
changes in our industry and in industry standards and technology;
adverse outcomes related to litigation or governmental proceedings;
interruptions or security breaches of our information technology systems and other cybersecurity attacks;
our ability to maintain the licenses or right of use for the software we use;
our ability to protect proprietary information, processes and applications;
our inability to expand our network infrastructure;
inability to preserve or increase our existing market share or the size of our preferred provider organization ("PPO") networks;
decreases in discounts from providers;
pressure to limit access to preferred provider networks;
changes in our regulatory environment, including healthcare law and regulations;
the expansion of privacy and security laws;
heightened enforcement activity by government agencies;
our ability to obtain additional financing;
our ability to pay interest and principal on our notes and other indebtedness;
lowering or withdrawal of our credit ratings;
changes in accounting principles or the incurrence of impairment charges;
the possibility that we may be adversely affected by other political, economic, business, and/or competitive factors;
other factors disclosed in this Annual Report on Form 10-K; and
other factors beyond our control.
The forward-looking statements contained in this Annual Report on Form 10-K are based on our current expectations and beliefs concerning future developments and their potential effects on our business. There can be no assurance that future developments affecting our business will be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to, those factors described under the heading"Risk Factors"in this Annual Report on Form 10-K. Should one or more of these risks or uncertainties materialize, or should any of the assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. We do not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.