May 27 at 12 pm Eastern
Join Fred Goldstein, Gregg Masters and Doug Goldstein as they 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. This show was prerecorded due to scheduling conflicts and will be played at the normal time, 12 pm eastern on Wednesday May 27. There were some issues with the audio, but they have been addressed for next week’s show on June 3 with Jennifer Drago of Sun Health discussing their Community-based Care Transitions Program.
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 (http://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 by Stephanie Baum
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, May 9, 2015
Kojo Annamdi from NPR had a show on 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.