MultiPlan Corporation (NYSE:MPLN) Q4 2022 Results Conference Call February 28, 2023 8:00 AM ET

Company Participants

Shawna Gasik - AVP of Investor Relations

Dale White - President, CEO and Director

Jim Head - CFO and Executive VP

Conference Call Participants

Marco Criscuolo - Nephron

Steven Valiquette - Barclays

Daniel Grosslight - Citigroup

Rishi Parekh - JPMorgan Chase

Operator

Ladies and gentlemen, welcome to MultiPlan Corporation Fourth Quarter 2022 Earnings Conference Call. My name is Glenn, and I'll be the moderator for today's call. [Operator Instructions]

I would now like to hand the conference over to Shawna Gasik, AVP of Investor Relations. Thank you. Please go ahead.

Shawna Gasik

Thank you. Good morning, and welcome to MultiPlan's fourth quarter 2022 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 fourth quarter 2022 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 of this day of the call. Actual results may differ materially from those forward-looking statements due to a number of risks. A summary of these risks can be found on the second page of the supplement of slide deck and a more complete description on our annual report and Form 10-K and other documents we file with the SEC.

We will also be referring to several non-GAAP measures, which we believe provide investors with a more complete understanding of MultiPlan's underlying mean operating results. An explanation of these non-GAAP measures and reconciliations to the most comparable GAAP measure can be found in the earnings press release and in 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, Shawna. Good morning, everyone, and welcome to the call. As we close 2022 and reflect on the past year, I'm proud of the progress we have made as an organization. While we have endured a period of softness in the second half and recent performance of the business has fallen short of your expectations and ours, we have taken tangible steps to improve the position of the company and have now reset to a stable base from which we can invest in the business and resume growth.