everyone. Thanks, morning, Dale, good and
share begin, him you and I of chapter for MultiPlan leadership the I'll to This the is leadership next join role quarter the 'XX. Today, capital being vision a thank Travis earnings close to for him full Before team transformation. and results for I'll the excited through partner review in allocation. and senior wish the for how his sheet team plans last our welcoming and let the and Then with XXXX, our turn in Travis with me new Dale to in with outlook balance his company. year and Dale's call, want financial our well I at to walk I'll fourth and for our
supplemental despite QX of As run the fourth given guidance. our of quarter, an customers, to impact X.X% renewals million, revenue increase year's which contract in our over rate QX a line XXXX. shown prior not difficult in Compared yet $XXX.X our larger in was comparison increased deck, with QX the X with were quarter revenue the on Page fourth and X.X% of
QX provided were total For prior our revenues on down call within XX.X% of range full earnings and 'XX, the from narrowed $XXX.X the guidance million year. year the
network-based which by service declined QX deck. I to complementary revenues which driven some on of million, the $X.X largely adjustments, line, X in business, shown moment. customer by had will or a discuss revenues network Page Relative X.X% 'XX, our supplemental to Turning as
sequentially in grew eyesight revenues X.X% and to analytics-based Our strong data services. NSA volumes attributed
revenues revenues in X% Revenue prior and quarter, like Payment integrity and declined X.X% business Health and grew and Payment bill revenues Our sequentially increased Revenue our strength from grew network-based of X.X% Discovery Integrity and the X%. itemized lines Integrity revenues Versus review. analytics-based revenue year
$XXX.X to million contribution consolidated quarter reported revenues BST, slightly $X.X analytics-based Fourth from a revenues our from is were the million, quarter. revenues, up prior in which Excluding
dropped the network-based revenues declines revenues 'XX, X.X% customers impact are renewals claims X.X%. analytics-based the in first the and to which declined the XXXX with savings, off contract first and and revenues also beginning in in due XX.X% of of significantly year larger the had Integrity sharp full to and declined decline Revenue COVID-related of a half half 'XX, For during These spiked XXXX. year-over-year declined largely and of payment attributed and
nearly year from a Excluding XX.X%. owning of $X.X were down revenues revenues 'XX BST, million, million $XXX.X X contribution to months full
fourth normalization The by categories. strength broad-based characterized of further with volumes quarter was across
hospital also $XX.X billion. and were the broad-based increased X potential billion identified In the have health charges plan downstream core year. strong volumes volumes and in sequentially claims [ through billed in and sequential in fourth in on quarter supplemental by second the Also, to reported to shown volumes, increased were our of total billion. potential increased publicly in operators. third across traded some sequentially of payers our $X.X identified and Page and typical to the charges the X.X% factoring commercial As that $X.X billion, of segment, exclusive facilities X.X% X% fourth half claims with billed of consistent platform growth savings seen both leg sequentially deck, quarters significantly $XX.X was X% up savings This sequentially to physician and was the increased QX, NSA ] trends relatively which the IDR we our
revenues volumes our offset by as or in The a revenue percentage strength our of a savings decline yield. identified was of
approximately PSAV revenue the X X our, of both model, shown overall our on includes basis revenues, our which XX% declined of In PEPM. for As fell XX revenue yield core business, points. which basis of the sequentially savings is our percentage points yield and Page revenue supplemental deck,
this So down break let's decline.
that mix related points and decline are About related effects will the about X nonrecurring abate. yield was and and the basis was decline X normalization, basis points to and various credits adjustments of to of customer
than to contract QX. none which changes more customers, in typical were decline programmatic related it. was quarter, Importantly, any of Instead, disappear PSA of the in with revenue will yield most adjustments our none quarter in idiosyncratic our there of the
around expectation Going likely yield mix. the that forward, by and product modest range some hover is X% with is our to fluctuation our driven revenue PSAV customer
$XX.X $X.X XXXX. expenses. $XX.X combination investments million $X.X $X.X QX were expenses and increase Fourth last driven million cost the to million, in quarter, quarter million quarter structural the Turning by The from in adjusted acquisition up BST, prior business. of million the of down EBITDA year's but fourth was the from of increases over
the in to For adjusted of upfront tight controls. the sequential related comparison, decline EBITDA expense expenses reflected costs integration the BST and moderation the
Our million million $XXX.X year were $XXX.X include in QX adjusted for BST in QX EBITDA X down Adjusted $XXX.X but year in of XXXX approximately from expenses from million was the prior up quarter XXXX, full $XXX.X of 'XX. and the EBITDA million X% costs. X.X% months
and 'XX basis the Our to fourth closer up in lower in Adjusted margin XX.X%, prior XX% QX from for the from in EBITDA of improved end XXX adjusted QX EBITDA to business. XXXX. our to continued was quarter points the guidance down quarter due QX investments the
from consolidated were revenues down Excluding $XXX.X time XX.X% closed for and year. of adjusted breakeven impact million margin for in better the our the May of margin in above year QX, prior since XXXX. the core of million the was the was first business Full acquisition BST our slightly than less BST, $XXX EBITDA costs
the reflecting 'XX revenue Our adjusted expense XX.X% dynamics discussed. was margin down previously and XX.X%, 'XX, combination EBITDA the full lower year of adjusted EBITDA full for higher year from the
for in the business our our the was core of margin impact the Excluding consolidated year. BST, above margin
anticipate Page year supplemental growing Turning The XX revenue presented assumptions guidance. the of Page deck and to to from the XXXX which components illustrates billion deck. We X% in supplemental full approximately of guidance, X% XXXX revenues on XXXX. $X.XX of $X.X on billion, key bridge is XX the to our
program and to out-of-network and attrition. we initiatives growth. approximately expect XXX XXX care of This customer new to the First, overall contribute points in to modest increases basis includes well health the utilization sales as effect consolidated our inflation in as business changes core growth
the across and bridge, our basis XX growth fiscal an to Moving expect Payment of business we Revenue revenue XX XXXX. -- Integrity to points for contribute
our XXX of protection expect We service. XXX including initiatives, plans, contribute driven member platform to our the growth health growth build our by combination value-driven to our points, HST basis balanced and
contribute and We basis BXB line decision science our XXX points expect service to XX our contribute XXX health care to service XX and to data to points. payment basis
service expansions XXXX contributions are X expect and offerings these in still to and we growth accelerate nascent, to the each from Importantly, beyond. last
expect of XXXX. shown year expected our lift of contraction a by in increase margin includes about expectations is higher on in pursuing that support offsetting than to balancing Page cost More than As XX% XX our the margin net longer-term points enable margin fund use stable 'XX revenues to in basis XXX we we deck, the growth adjusted XX.X% basis EBITDA core from fixed cost continue base Offsetting XXXX XXX XXXX mid-XXs are about guidance, lower distance platform, of on the investments in XX points of we that largely striking points of of and XX margin adjusted our full support related on our that which basis which range. to lift act we XX margin contraction this margin our is rate short, growth basis expect structural of that us the investments expect cost XX to Bridging an our our increases. of seeing year QX points is to plan. operating are our of to plan. leverage investments, points, slightly IT driven of benefits XXXX, from margin bridge deliver XX% supplemental expected business. from to growth investments XXXX Within and In and contraction infrastructure basis you run to roughly basis points EBITDA to but of industry-leading within margin for contraction full
XX. Page to Returning
flow Our cash to and you expectations P&L for generation of forecast $XXX also shows Page our related cash million. flow and estimate million to cost adjusted imply to guidance $XXX help revenue for a free year. other million of XX the $XX EBITDA
We million levels of placed hedge million expect term lower to the $XXX as on portion versus in our of benefit we and expense interest $XXX a that debt XXXX XXXX, well reflecting fixed rate as $XXX B. our in million from loan
We million capital about XXXX in of from to and XXXX. $XXX million are in forecasting million up $XXX expenditures $XXX
will our capital platform products investments in our new make BST to related growth to We and in continue in plan.
$XX and of million XX%. million expect XX% We depreciation $XX and tax rate a to between
primarily EBITDA $XXX.X higher adjusted Finally, $XXX in to flow versus and expense. million be between lower anticipate driven interest $XXX and we million and cash XXXX by operating for million XXXX, year full
turn can QX guidance, team incentive retention management established to to future transaction I aware, retain the the long-term targets. a align as you're to to BST Before for program and revenue and MultiPlan
are guidance XXXX payments, incentive at We for current assumed of our which second a of XX. provide update is were XX/XX if targets is in include what line not better require and the ARR These have should milestone ARR we any performance by Our impact deliberately typical first incentives ambitious will the beyond does the guidance expected half. of any the guidance. sight, time our
versus adjusted of typical release XX As to $XXX million. QX the this million softness. deck projections anticipate 'XX morning, of we These EBITDA from revenues in $XXX for outlined and supplemental million reflect flat QX to largely seasonal Page million $XXX are and on $XXX the 'XX, QX of and press
we additional gains adjusted we EBITDA we XXXX, quarters successive growth move as in realize XXXX as our sequential from with initiatives. growth in revenues As through expect and
some cyber to all Change Healthcare industry incident. related there's in the the disruption are been you As aware,
it's early causing over our protect situation have and any, to believe services, our on revenues in upstream and We data closely is have submissions if with delays systems from could but and quarter. We actions taken monitor continue impact, course this claims preventative determine volumes to our what too our the of the the customers. to this downstream
As a result, guidance any our related impact QX not incident. does to this reflect XXXX potential
balance to allocation. the Turning and sheet capital
and cash million cash $X.X the operating Our $XX.X flow million. flow fourth in negative was levered quarter free was
for second quarters interest reminder, As of cash and the flow a fourth timing tax and our lower payments. given quarters are
million million $XX.X acquisition despite was $X our operating million on full year for reported, the debt. $XX.X and settlement cash of BST a taxes million cash litigation cancellation Dale onetime our flow additional totaled and As in $XXX.X cash approximately for costs XXXX, free paid transaction $XX.X million of flow absorbing
operating on deck, cash. X.Xx of shown cash, the million total respectively. Page unrestricted and supplemental with As the ended ratios our year X.Xx, leverage of Net we and were of XX $XX
We in continue and be disciplined to capital. active allocating our
Page notes $XX.X $X shown million towards used our to on as our As convertible -- XX X% senior fourth we of the supplemental million during repurchase value of million quarter, shares. the face $XX as year full PIK including $XX million for reduced of on deployment capital repurchase the repayment value, repurchases convertible well $XXX to total million million million mandatory million $XX capital and share $XXX and $XXX deck, that brings debt million, repurchases. on debt M&A of and face This $XXX our
The in consistent. remain drive priorities remains the highest value. capital long-term Our investing long-term priority growth and business to
a term short the have are growth You're reduced $XXX the Notably, in small on rate to by above we'll our P&L risk seeing investments the expenditures, attractive reduction. bets, are debt million have cash our debt this These face revenue primarily quarters. the series grown of we've in last return over in investments flow, focus X business. in our capital the value investments of our also and terms of which fund remaining our which characteristics.
With --
of retirement. towards be generation allocated of consistently capital a to bulk overall small to mentioned. the And and will emphasize to likely priorities adjust as While following to near are the And reduction be allocation expect in RECONNECT continue we've continue debt of changed you term, have that M&A should our BST, we've long-term deemphasize generation. organic we our not as and incremental repurchase. our the investments We'll said, acquisition share consistently capital debt
maintaining a end, our broader We've our flow new Before debt to capacity plan the landscape. for we expect managed next cash we in over expand deliver the the balance used delicate aggressively summarize let business years. contract our and our transformation flow In that while our and grow debt growth to And growth of our cash revenues would in our comments. we We industry-leading several and set reduce XXXX margins. in growth reduction want as track.
That short, free for brings the and end the be all of colleagues said accelerate I drive in over on to positioned Dale, year the to keep tirelessly motion, I is and MultiPlan of MultiPlan well ramping my the in investments and especially back pivotal underway, working it precisely thank and to mirror, is me it turn put we've beyond. We I'll what to Dale. rearview to and we did. to me our for growth up company XXXX pivot to renewals XXXX
