Growth-focused company is a trusted partner
for health plans and providers seeking to improve health outcomes
across complex conditions.
WASHINGTON, July 11,
2023 /PRNewswire/ -- Evolent Health ("the Company")
(NYSE: EVH), a health care company that delivers proven value-based
specialty care solutions to payers and providers, announced today
that it is rebranding as Evolent and will integrate its portfolio
of solutions and businesses under that name by year's
end.
As part of the rebrand, Evolent has released a new
tagline—Specializing in Connected Care™—that captures the Company's
focus on working across specialties, providers and settings to
improve health outcomes. A new corporate logo reflects the
simplified focus of the organization going forward.
"This unification of our businesses under a shared mission and
purpose is a major milestone in our evolution as an integrated,
clinically focused company working to guide better care decisions
when people need them the most," said Evolent CEO and Co-Founder
Seth Blackley. "By joining under one
name and across multiple complex medical specialties, we have an
exciting opportunity to make a greater impact on both the quality
and cost of care."
Evolent partners with health plans and providers to ensure that
treatment plans align with clinical evidence, as well as members'
goals and preferences, while ensuring care is affordable. Through a
variety of tools and resources, such as high-value clinical
pathways, technology-enabled decision support, alternative payment
models, and programs to improve health equity and clinical quality,
Evolent seeks to help providers, members and their families make
decisions that improve health outcomes. The Company also delivers
solutions to streamline and simplify health plan administration, in
support of more connected, whole-person care.
Founded in 2011 as a pioneer in value-based care, Evolent has
supported high-risk populations since its inception, with an
initial focus on primary care. Recognizing the challenges that
health plans face in managing specialty care—the pipeline of costly
new drugs and devices, growing clinical complexity, and
fragmentation of care—the Company has also developed a deep bench
of expertise across several key specialties. Much of that expertise
has been housed across distinct brands—New Century Health (oncology
and cardiology), NIA (musculoskeletal, physical medicine, genetic
testing, advanced imaging), IPG (orthopedic surgery), and Vital
Decisions (end-of-life care). These brands will be integrated into
one Evolent organization.
Today's Evolent has about 5,000 employees—including about 1,400
clinicians—and offers solutions across the United States. As of May 2023, about 41 million unique health plan
enrollees had access to at least one of Evolent's solutions through
their plans.
"With this announcement, we are harnessing all of the human
capital, global reach and technology expertise within Evolent under
an efficient organizational structure that focuses our strengths to
meet our clients' current and future needs," said Evolent President
Dan McCarthy. "People with complex
medical conditions typically must navigate a fragmented and
convoluted web of health providers. Too often these services are
managed in isolation, or not at all. As we bring our solutions
together into one comprehensive and payer-independent platform, we
have the opportunity to improve quality, affordability and
experience, all of which the health care market increasingly
demands."
Evolent will officially sunset all legacy solution names by the
end of 2023, as the company executes its plan to offer
complementary, cohesive solutions as a unified business.
"The businesses that are forming Evolent represent some of the
brightest minds in specialty care, and health care in general,"
said Evolent Chief People and Brand Officer Kali Beyah. "We aren't simply holding them under
one roof but are removing the walls between them to unlock our
collective potential. This is a tremendous opportunity not only to
create a more seamless and engaging employee experience, but also
to drive an even better customer experience by aligning our
capabilities with health plans' needs."
Evolent's name and ticker on the New York Stock Exchange remain
unchanged.
About Evolent
Evolent (NYSE: EVH) specializes in better health outcomes for
people with complex conditions through proven solutions that make
health care simpler and more affordable. Evolent serves a national
base of leading payers and providers and is consistently recognized
as a top place to work in health care nationally. Learn more about
how Evolent is changing the way health care is delivered by
visiting evolent.com.
Contacts:
Media Relations
Jamie
Manfuso
Director, Content Marketing
Evolent
media@evolent.com
Investor Relations
Seth R. Frank
Vice President,
Investor Relations
Evolent
sfrank@evolenthealth.com
View original content to download
multimedia:https://www.prnewswire.com/news-releases/evolent-health-announces-focus-on-value-based-specialty-care-with-rebrand-unification-of-all-solutions-under-evolent-301873625.html
SOURCE Evolent