Click here to close now.




















Welcome!

News Feed Item

Valence Health on Pace to Nearly Double Revenues in 2012

Company Expands Executive Team with Veteran Leaders

CHICAGO, Nov. 27, 2012 /PRNewswire/ -- Valence Health, a leading supplier of population management and reimbursement risk management services and technology for healthcare providers, today announced that it is on pace to nearly double revenue in 2012.  The 300-person firm projects to see revenues exceed $31 million in 2012, up 75% from 2011.  The growth results from significant expansion in all lines of the company's business, which include consulting, technology and ongoing outsourced services.

"The growth we are experiencing is the direct result of offering proven solutions in this new world of value-based reimbursement," said Valence Health CEO Phil Kamp.  "We've been helping provider organizations analyze, accept and manage financial responsibility for the care they provide for over 15 years.  Policy makers and the market increasingly understand that aligning financial risk and quality leads to better healthcare at a lower cost."

To help Valence manage and continue its aggressive growth path, the company recently added several key new executives. 

Eric Mollman is Valence Health's new Chief Financial Officer.  He joins the company with more than 25 years of senior financial leadership experience.  He has built and led several high performing financial teams, often in private equity environments, and has overseen numerous M&A transactions in a variety of technology and healthcare settings.  Immediately prior to joining Valence, Mr. Mollman was the Senior Vice President & Chief Financial Officer for Staywell Health Management, a private equity-backed provider of population health management solutions. At Staywell, Mr. Mollman oversaw all financial and legal aspects of the company and helped drive a major expansion of EBITDA margin for the growing company.  Before Staywell, Mr. Mollman also helped guide population health management company Focused Health Solutions through a significant technology and service expansion to its eventual sale as the company's Chief Financial Officer.  Mr. Mollman has also held senior financial positions with Pacific Datavision, Neoworld Communications, and Banc One.  Mr. Mollman holds an MBA from the University of Chicago, and a BA from Harvard College.

Kevin Weinstein joins the company as Chief Marketing Officer, with more than a decade of experience in senior marketing roles for public and private healthcare companies.  Previously, Mr. Weinstein served as the Vice President of Marketing for ZirMed, a premier revenue cycle management company serving more than 110,000 providers.  During his time at ZirMed, the company grew by more than 50% and expanded into the acute care market.  Prior to that, he ran marketing and sales operations for Allscripts' largest business unit as Vice President of Marketing and Sales Operations.  Earlier in his career, Mr. Weinstein worked with a variety of large and small companies as both a venture capital investor and management consultant.  Mr. Weinstein holds an MBA from the JL Kellogg School of Management at Northwestern University and a BA from Colgate University.

Healthcare data analytics and technology veteran Prasanna Dhungel now serves as Valence Health's Vice President of Product Development. Mr. Dhungel has consulted to some of the industry's highest profile growth companies, working independently and on behalf of several private equity and venture capital firms, including Psilos Group, Bessemer Venture Partners and Welsh, Carson, Anderson & Stowe. Earlier in his career, as Vice President of Technology Services, he created, grew and oversaw an international technology practice at D2Hawkyee, until that company was successfully sold to Verisk.  He holds an MBA from the JL Kellogg School of Management at Northwestern University, MEng from Princeton University, and BS with Honors from Cornell University.

About Valence Health:
Valence Health is among the nation's leading companies to help healthcare providers better manage their patient populations and accept financial responsibility for the quality of the care they provide. With unique data collection and analysis tools, Valence Health has emerged as a leader in population management, serving dozens of clients from small physician groups to the Cleveland Clinic. At the same time, in-depth actuarial analysis, combined with operational excellence allows Valence to not only advise but also provide ongoing services to provider organizations operating under various value-based reimbursement models. From risk-based contracting to accountable care organizations (ACOs) to administering provider-sponsored health plans, Valence has been helping providers appropriately accept and manage financial responsibility while improving clinical quality since 1996. With headquarters in Chicago, and four other office locations, Valence Health solutions help manage the health of over 13 million patients nationwide. For more information, visit www.valencehealth.com.

SOURCE Valence Health

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
"We've just seen a huge influx of new partners coming into our ecosystem, and partners building unique offerings on top of our API set," explained Seth Bostock, Chief Executive Officer at IndependenceIT, in this SYS-CON.tv interview at 16th Cloud Expo, held June 9-11, 2015, at the Javits Center in New York City.
Learn how to solve the problem of keeping files in sync between multiple Docker containers. In his session at 16th Cloud Expo, Aaron Brongersma, Senior Infrastructure Engineer at Modulus, discussed using rsync, GlusterFS, EBS and Bit Torrent Sync. He broke down the tools that are needed to help create a seamless user experience. In the end, can we have an environment where we can easily move Docker containers, servers, and volumes without impacting our applications? He shared his results so yo...
Explosive growth in connected devices. Enormous amounts of data for collection and analysis. Critical use of data for split-second decision making and actionable information. All three are factors in making the Internet of Things a reality. Yet, any one factor would have an IT organization pondering its infrastructure strategy. How should your organization enhance its IT framework to enable an Internet of Things implementation? In his session at @ThingsExpo, James Kirkland, Red Hat's Chief Arch...
Chuck Piluso presented a study of cloud adoption trends and the power and flexibility of IBM Power and Pureflex cloud solutions. Prior to Secure Infrastructure and Services, Mr. Piluso founded North American Telecommunication Corporation, a facilities-based Competitive Local Exchange Carrier licensed by the Public Service Commission in 10 states, serving as the company's chairman and president from 1997 to 2000. Between 1990 and 1997, Mr. Piluso served as chairman & founder of International Te...
It is one thing to build single industrial IoT applications, but what will it take to build the Smart Cities and truly society-changing applications of the future? The technology won’t be the problem, it will be the number of parties that need to work together and be aligned in their motivation to succeed. In his session at @ThingsExpo, Jason Mondanaro, Director, Product Management at Metanga, discussed how you can plan to cooperate, partner, and form lasting all-star teams to change the world...
Public Cloud IaaS started its life in the developer and startup communities and has grown rapidly to a $20B+ industry, but it still pales in comparison to how much is spent worldwide on IT: $3.6 trillion. In fact, there are 8.6 million data centers worldwide, the reality is many small and medium sized business have server closets and colocation footprints filled with servers and storage gear. While on-premise environment virtualization may have peaked at 75%, the Public Cloud has lagged in adop...
The Internet of Everything (IoE) brings together people, process, data and things to make networked connections more relevant and valuable than ever before – transforming information into knowledge and knowledge into wisdom. IoE creates new capabilities, richer experiences, and unprecedented opportunities to improve business and government operations, decision making and mission support capabilities.
How do you securely enable access to your applications in AWS without exposing any attack surfaces? The answer is usually very complicated because application environments morph over time in response to growing requirements from your employee base, your partners and your customers. In his session at @DevOpsSummit, Haseeb Budhani, CEO and Co-founder of Soha, shared five common approaches that DevOps teams follow to secure access to applications deployed in AWS, Azure, etc., and the friction an...
SYS-CON Events announced today that MobiDev, a software development company, will exhibit at the 17th International Cloud Expo®, which will take place November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. MobiDev is a software development company with representative offices in Atlanta (US), Sheffield (UK) and Würzburg (Germany); and development centers in Ukraine. Since 2009 it has grown from a small group of passionate engineers and business managers to a full-scale mobi...
Digital Transformation is the ultimate goal of cloud computing and related initiatives. The phrase is certainly not a precise one, and as subject to hand-waving and distortion as any high-falutin' terminology in the world of information technology. Yet it is an excellent choice of words to describe what enterprise IT—and by extension, organizations in general—should be working to achieve. Digital Transformation means: handling all the data types being found and created in the organizat...
The Software Defined Data Center (SDDC), which enables organizations to seamlessly run in a hybrid cloud model (public + private cloud), is here to stay. IDC estimates that the software-defined networking market will be valued at $3.7 billion by 2016. Security is a key component and benefit of the SDDC, and offers an opportunity to build security 'from the ground up' and weave it into the environment from day one. In his session at 16th Cloud Expo, Reuven Harrison, CTO and Co-Founder of Tufin,...
The Internet of Things is not only adding billions of sensors and billions of terabytes to the Internet. It is also forcing a fundamental change in the way we envision Information Technology. For the first time, more data is being created by devices at the edge of the Internet rather than from centralized systems. What does this mean for today's IT professional? In this Power Panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists addressed this very serious issue of pro...
Discussions about cloud computing are evolving into discussions about enterprise IT in general. As enterprises increasingly migrate toward their own unique clouds, new issues such as the use of containers and microservices emerge to keep things interesting. In this Power Panel at 16th Cloud Expo, moderated by Conference Chair Roger Strukhoff, panelists addressed the state of cloud computing today, and what enterprise IT professionals need to know about how the latest topics and trends affect t...
The essence of cloud computing is that all consumable IT resources are delivered as services. In his session at 15th Cloud Expo, Yung Chou, Technology Evangelist at Microsoft, demonstrated the concepts and implementations of two important cloud computing deliveries: Infrastructure as a Service (IaaS) and Platform as a Service (PaaS). He discussed from business and technical viewpoints what exactly they are, why we care, how they are different and in what ways, and the strategies for IT to tran...
Containers are changing the security landscape for software development and deployment. As with any security solutions, security approaches that work for developers, operations personnel and security professionals is a requirement. In his session at DevOps Summit, Kevin Gilpin, CTO and Co-Founder of Conjur, will discuss various security considerations for container-based infrastructure and related DevOps workflows.