By Fred Goldstein
Join Gregg Masters @2healthguru, Doug Goldstein @eFuturist, and me @fsgoldstein as we discuss recent news and issues in population health. This week’s show will focus on Evolent Health and their recently announced IPO as well as the Quantified self and health care data, who’s using it, and what are some of the issues the industry and we face.
Here’s some background on the two topics:
Topic 1 – Evolent Health Announces Their IPO
Evolent Heath announced their IPO this past month. Here is some information on Evolent from their website (www.evolenthealth.com)
A PARTNERSHIP DRIVEN BY A GREATER PURPOSE
Evolent Health helps progressive health care systems lead, build and own the path to value-based care. No matter your current state of transition, we partner with you to drive real, lasting transformation from the inside out.
Founded in 2011 by UPMC Health Plan and The Advisory Board Company, we are a high-growth firm headquartered in Arlington, Virginia. Across multiple Evolent and partner system sites, our 750-member team of experts works shoulder-to-shoulder with provider leadership to shape the future of health care. Evolent is proud to partner with leading providers and physician organizations in over 25 markets across the country.
Evolent provides the integrated technology, tools and team to advance value-based care. Our work begins with the Blueprint, an immediately actionable strategic roadmap that defines target markets, assesses needed clinical and operational capabilities, and is supported by a detailed business case. We implement the Blueprint through our Market Facing Solutions, which accelerate the path to value and embed and connect crucial capabilities through a Value-Based Services Organization:
- Tailored clinical programs, patient engagement tools, quality and risk coding, and specialized care teams to deliver Population Health Performance
- High performance network optimization and management, backed by proven physician compensation models and integrated specialty partnerships foundational to Delivery Network Alignment
- Leadership, scalable back-office infrastructure, and analytics and reporting teams required for Financial And Administrative Management
- Organizational governance and design, physician-led practice transformation, and change management to drive “inside-out” System Transformation
- Data integration, clinical and business content, EMR optimization, and value-business applications through our purpose-build technology solution—IdentifiSM
From Evolent’s S-1:
Revenue $40.3M $100.9M
Loss $32.8M $52.3M
They believe the current market opportunity is $10B and will be $46 by 2020, that health expenditures will increase from $2.1T to $3.2T by 2020, value based care will increase from 10% to 50%, the provider sponsored health plan market will grow to 15% of the total health plan market and they estimate $1T in waste in the system.
A good blog on the topic was posted by Stephanie Baum of MediCity News: ‘6 Takeaways from Evolent Health $100 Million IPO Registration‘
Also an interesting piece from Rock Health on who might be next for an IPO.
Topic 2 – Quantified Self, Data, Privacy and Meaningful Use
The second issue we’ll discuss is the quantified self, and the incredible growth in personal data that is being gathered and used from wearable devices and other sources.
The Washington Post had a recent article entitled ‘The Revolution will be Digitized‘ by Arianna Eunjung Cha, posted May 9, 2015.
And from the Kojo Annamdi Show on NPR ‘The Digital Fingerprints We Leave Behind Online’ with some interesting information and statistics.
There have been numerous data breaches including this one: ‘CareFirst Data Breach.’
And the recent hacking of an adult dating site and sharing of intimate details online.
Issues like who owns the data, whose using it, its value, the ‘No MU without Me‘ campaign and others will be addressed. So join us at 12 pm Eastern at www.pophealthweek.com and follow us on twitter @pophealthweek.
Frederic S. Goldstein is President and Founder Accountable Health, LLC, Past Board Chair, Board of Directors, Population Health Alliance, and co-founder of PopHealth Week.