Alignment Healthcare operates Medicare Advantage health plans across multiple states, serving seniors through a capitated, per-member-per-month payment model contracted with the Centers for Medicare & Medicaid Services. The company combines licensed health plans offering Parts A, B, and D coverage plus supplemental benefits with an in-house clinical model called "Care Anywhere" staffed by employed physicians and clinicians, along with a proprietary technology platform called AVA that identifies high-risk members and coordinates care across internal teams, external provider networks, and members. Revenue comes from fixed monthly capitated payments per enrolled member, with profitability driven by reducing hospitalizations and unnecessary care through proactive chronic disease management and care coordination, while reinvesting medical cost savings into enhanced member benefits to drive growth and retention.