Company Overview : Evolent Health

1225 Words Jun 1st, 2016 5 Pages
Company Overview
Evolent Health was founded in 2011 using investments, intellectual capital and technological capabilities from the University of Pittsburgh Medical Center (UPMC) and the Advisory Board Company (ABC); both companies still own large stakes in Evolent. Evolent hopes to “build a national network of providers transforming care under value-based payment initiatives.”[INSERT REFERENCE]
The company estimates that its total addressable market is $15 billion, including both population health management (PHM) and provider health plan services. It expects these markets to grow to $45 billion by 2020 as more providers make the transition to value-based care.
In June 2015, Evolent completed an IPO at a valuation of $1 billion. Stocks opened at $18, but since then, stock price and market cap have dropped to $15 and $900 million, respectively. Analysts are generally bullish on the stock and have a median price target of $19.
Evolent is based in Arlington, Virginia and employs more than a thousand individuals.
Current Product Offerings
Evolent helps providers move from fee-for-service to a value-based care model by providing advisory services and a technology platform. Evolent supports three types of value-based contracting models for providers:
1) Direct-to-employer model for providers seeking to manage the costs of self-funded employers
2) Payer contract model for providers signing value-based contracts with commercial and government payers
3) Health plan model for…
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