MultiPlan Corporation (NYSE:MPLN) Q2 2023 Earnings Conference Call August 2, 2023 10:00 AM ET

Company Participants

Luke Montgomery - Senior Vice President, Finance and Investor Relations

Dale White - Chief Executive Officer

Jim Head - Chief Financial Officer

Conference Call Participants

Joshua Raskin - Nephron Research LLC

Daniel Grosslight - Citigroup

Rishi Parekh - JPMorgan

Operator

Hello, everyone, and welcome to the MultiPlan Corporation Second Quarter 2023 Earnings Conference Call. My name is Nadia, and I'll be coordinating the call today. [Operator Instructions]

I would now like to hand the conference over to Luke Montgomery, SVP, Finance and Investor Relations, to begin. Thank you. Please go ahead.

Luke Montgomery

Thank you, Nadia. Good morning, and welcome to MultiPlan's second quarter 2023 earnings call.

Joining me today is Dale White, Chief Executive Officer; and Jim Head, Chief Financial Officer.

The call is being webcast and can be accessed through the Investor Relations section of our website at www.multiplan.com. During our call, we will refer to the supplemental slide deck that is available on the Investor Relations portion of our website, along with the second quarter 2023 earnings press release issued earlier this morning.

Before we begin, a couple of reminders. Our remarks and responses to questions today may include forward-looking statements. These forward-looking statements represent management's beliefs and expectations only as the date of this call. Actual results may differ materially from these forward-looking statements due to a number of risks. A summary of these risks can be found on the second page of the supplemental slide deck and a more complete description on our annual report on Form 10-K and other documents we filed with the SEC.

We will be referring to several non-GAAP measures, which we believe provide investors with a more complete understanding of MultiPlan's underlying operating results. An explanation of these non-GAAP measures and reconciliations to their comparable GAAP measures can be found in the earnings press release and the supplemental slide deck.

With that, I would now like to turn the call over to our Chief Executive Officer, Dale White. Dale?

Dale White

Thank you, Luke. Good morning, everyone, and welcome to the call.

As many of you heard at our Investor Day on June 28th, MultiPlan is in the midst of a transformation. This transformation began with our strategy review late last year, which resulted in our refreshed growth plan and led to the steps we have taken to reset the business in 2023. And it is continuing with the execution of that plan, which pivots our business through a number of actions.