SOURCE: Evolent Health

Evolent Health Logo

September 30, 2014 10:00 ET

Evolent Health Doubles in Size Over Past Year

Demand for Integrated Value-Based Care Solutions Fuels Significant Growth in Company's Team, Capabilities, Revenue and Markets Served

WASHINGTON, DC--(Marketwired - September 30, 2014) - Evolent Health, the leader in helping progressive health care systems lead, build and own the path to value-based care, announced today -- on the 1-year anniversary of its $100 million Series B fundraising round -- dramatic company growth over the past year, including doubling in size from 330 employees to over 660.

"The continued growth of our team reflects the tremendous strides we've made in the three years since our inception. Moreover, it reflects the courage and commitment of our health system partners as they transform health care," said Frank Williams, Chief Executive Officer of Evolent Health. "We are honored to play a part in their efforts to advance a better patient-physician experience in markets nationwide."

Evolent's growth indicates heightened demand for and adoption of integrated value-based care solutions that drive better care at lower cost. The Company has levered its expanded capital base to enhance its clinical and financial capabilities. For example, significant investments have been made in expanding its Identifi technology, pharmacy and payer partnership offerings. These services are leading to real-world improvements in reducing unnecessary medical spending and in providing better patient care, while generating financial returns that Evolent's partner systems can reinvest toward their missions.

Named fourth among Forbes' 2014 America's Most Promising Companies, Evolent has expanded the number of markets it serves from 15 to currently over 25, and is on track to be in 30 markets by early 2015. The Company is also on track to increase 2013 revenue by 150 percent and to have over 700 employees by the end of 2014. To accommodate for this growth, Evolent has expanded its Arlington headquarters from 1 to 3 floors and continues to grow the number of embedded team members across client sites.

About Evolent Health
Evolent Health partners with leading health systems to drive value-based care transformation. By providing clinical, analytical and financial capabilities, Evolent helps physicians and systems achieve superior quality and cost results. The Company's approach breaks down barriers, aligns incentives and powers a new model of care delivery resulting in meaningful alignment between providers, payers, physicians and patients. Evolent Health is a private, high-growth company headquartered in Arlington, Virginia. For more information, visit evolenthealth.com.

Contact Information