What You Should Know:
- David Larsen, healthcare IT and digital health analyst at BTIG published a note highlighting his preview for health-tech Q2 earnings.
- Given high inflation rates, costs for traveling nurses, and light volumes in 2Q:22, he is cautious on stocks that sell into the acute care market in the near term.
An Overview
According to the report, there are many macro headwinds that continue to affect the HCIT sector and the broader market, including inflationary pricing
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Evolent Health
Recent Executive Hires: CVS Health New President, Cleveland Clinic/Amwell Joint Venture Leadership, Others
CVS Health Corporation names Neela Montgomery Executive Vice President and President of CVS Pharmacy/Retail, effective November 30, 2020. Montgomery will oversee the company's 10,000 pharmacies across the United States. Montgomery, currently a Board Partner at venture capital firm Greycroft, most recently served as chief executive officer of furniture retailer Crate & Barrel and has nearly 20 years of global retail experience.
The Cleveland Clinic and Amwell joint venture appoint
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How Value-Based Care is Changing the Way You Build Digital Health Companies
After years of talk, fee-for-service payment models are finally being challenged in a real way. With value-based care, providers are reimbursed based on patient health outcomes rather than the number of patients they see, which has begun to pass the burden of cost from insurers and employers to providers and patients.
Fundamentally, value-based care requires vendors as well as providers to operate differently, but new revenue models and a new approach to hiring deserve special consideration. In
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Evolent Health Achieves NCQA Population Health Program Accreditation
- Evolent Health becomes the first company ever to achieve Population Health Program Accreditation from NCQA with the status of Accredited–3 years. - The Population Health Program Accreditation is the third NCQA Accreditation Evolent has achieved in 2019, with Evolent having also earned 3-Year Accreditation in both Utilization Management and Case Management in 2019. - Three years is the longest accreditation time period NCQA designates for organizations.Evolent Health, a company providing an
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Evolent Health: Investment Firms Increase Their Stock Positions in EVH
A large number of institutional investors and hedge funds have recently added to or reduced their stakes in Evolent Health Inc. (NYSE: EVH), a company providing an integrated value-based care platform to the nation’s leading provider organizations. The company debuted on the New York Stock Exchange on 6/5/15, raising $195M, and closed above a $1 billion market cap. Here is a look at recent institutional investments in Evolent Health:1. CWM Advisors LLC grew its position in Evolent Health by
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Health Tech VC Firm Flare Capital Partners Closes $255M Fund
Healthcare technology venture capital firm, Flare Capital Partners, today announced the closing of its second fund, Flare Capital Partners II, L.P., with a total of $255 million in committed capital. The oversubscribed fundraise follows up its inaugural fund, which was raised in April 2015, and establishes Fund II as one of the largest, independent, dedicated healthcare technology venture capital investment funds. Evolving Healthcare Industry Demands Innovative Business ModelsThe U.S. healthcare
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GlobalHealth to Launch Medicare Advantage (MA) Marketplace with Evolent Health
GlobalHealth, an Oklahoma-based health maintenance organization, today announced it has entered into a definitive agreement to create a partnership in the Medicare Advantage (MA) plan marketplace with Evolent Health, a company providing an integrated value-based care platform to the nation's leading providers and payers. Together, both companies will launch and scale MA health plans under the True Health brand in targeted geographies. True Health Medicare Advantage (MA) Marketplace DetailsThe
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Evolent Health Partners with SOMOS IPA to Accelerate Transition to Value-Based Care
Evolent Health, a company providing an integrated value-based care platform to the nation's leading provider organizations, today announced it has partnered with SOMOS IPA to accelerate value-based care in New York. The partnership will focus first on supporting the performance goals of New York's Delivery System Reform Incentive Payment (DSRIP) program for approximately 300,000 New York residents and will serve as a platform to expand to other value-based care arrangements.Evolent is supporting
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TPG Capital to Acquire Mediware Information Systems for Undisclosed Sum
TPG Capital, the global private equity fund of leading alternative asset firm TPG has entered an agreement to acquire Mediware Information Systems, Inc. from private equity firm Thoma Bravo. Financial terms of the acquisition were not disclosed. The acquisition is expected to close during the first quarter of 2017, subject to customary closing conditions.For more than 30 years, Mediware has been a leading supplier of healthcare and human service software for the nation’s largest blood banks,
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Evolent Health Acquires Valence Health for $145M: 6 Things to Know
Evolent Health and Valence Health have entered an agreement to acquire the majority of Valence Health's value-based administration, population health and advisory services business for $145M. The addition of Valence Health is expected to enhance Evolent's market-leading value-based care platform for providers. Here are 10 things to know about the acquisition: 1. Under terms of the agreement, Valence Health acquisition excludes its contracts serving state insurance cooperatives; the state
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