|By Business Wire||
|August 6, 2014 08:09 AM EDT||
Valence Health, a leading provider of clinical integration, population health and value-based care solutions, is announcing significant company growth so far in 2014, with first half year revenues up 51% from first half revenue’s a year ago.
“We’ve had the great fortune to serve an increasing number of healthcare provider organizations in the last three years, which in turn has helped us more than double our size over that time period,” said Phil Kamp, CEO of Valence Health. “We see a great future ahead of us as healthcare continues to adopt new models of value-based care.”
Valence Health’s explosive growth reflects their deep expertise in an area of great need and industry confusion: the adoption of new risk- and value-based care models. While most leaders and experts expect reimbursement models to significantly shift away from fee-for-service to value-based models, most hospital and health system executives still feel they lack the necessary expertise to thrive under these new models. For example, a research industry report suggested the vast majority (72%) of industry leaders expects such a transition to take place. However, many respondents did not feel equipped to handle the change, identifying significant gaps in population health and clinical analytics capabilities as well as readiness to implement payment bundling, one of many value-based care models.1
So far this year, the company has significantly expanded its core capabilities and team to support the increased demand for value-based care services. Since January, Valence Health has added 10 new clients, including Centegra Health and Wellness Network (CHWN), Health Choice Inc., Phoenix Children’s Hospital, and Lurie Children’s Health Partners Clinically Integrated Network, an affiliated organization of Lurie Children’s Hospital in Chicago. Additionally, the company has delivered more than 50 client-direct product enhancements in the past six months and has added more than 30 new quality metrics for healthcare providers.
“By working with the Valence Health team, we are better prepared to meet the challenges of today’s new healthcare environment,” said Scott Wilkerson, Executive Director of Lurie Children’s Health. “We have rolled out the Valence Vision solution across our network of more than 200 community pediatricians and 450 pediatric specialists, and are now able to capture data and develop evidence-based best practices to deliver superior care.”
“Partnering with Valence Health on our integrated network has enabled us to deliver better population health management services and programs to our patients in the most cost-effective manner possible,” said Jeff Schmidt, Senior Vice President, Clinical Integration & Payer Strategies for CHWN. “As we advance our population health efforts and expand our health insurance contracting, we need a proven partner like Valence Health.”
As part of its service enhancements, Valence Health announced the launch of the Valence Partner Network, a group of industry-leading health services firms that will offer integrated and complementary solutions to its client base of more than 120 hospitals and 39,000 physicians, which help manage the health of more than 19.5 million patients nationwide.
Valence Health’s workforce has also experienced steady growth of nearly 150% in the past three years, with the company now employing 470 experts in healthcare contracting, data analytics, physician engagement, provider-sponsored health plans, and technology interoperability. To accommodate its continued growth, Valence Health has leased 125,000 square feet at 540 W. Madison in Chicago, and plans to occupy the space later this year. In an event on Tuesday, Aug. 5, 2014, Illinois Governor Pat Quinn announced Valence Health’s plans to cement its future in Illinois by adding 500 new employees at its headquarters over the next five years.
“With a strong presence already in Chicago, Valence Health is really staking its future here in Illinois,” said Governor Quinn. “This is a show of faith in our healthcare and technology sectors, both important sources of new jobs and talent for our state.”
1 HealthLeaders Media Intelligence Report, 2014 Industry Survey: Forging Healthcare’s New Financial Foundation
About Valence Health:
Valence Health is a leading provider of value-based care solutions, helping hospitals, health systems and physicians better manage their patient populations and accept financial responsibility for the quality of the care they provide. With unique data collection and analytics solutions, Valence Health serves dozens of clients from physician groups to standalone hospitals to large IDNs. From risk-based contracting to accountable care organizations (ACOs) to administering provider-sponsored health plans, Valence Health has been helping providers since 1996. Headquartered in Chicago, with three other office locations, Valence Health serves 39,000 physicians and 120 hospitals, helping them manage the health of more than 19.5 million patients nationwide. Follow Valence Health on LinkedIn and Twitter.
WebRTC has had a real tough three or four years, and so have those working with it. Only a few short years ago, the development world were excited about WebRTC and proclaiming how awesome it was. You might have played with the technology a couple of years ago, only to find the extra infrastructure requirements were painful to implement and poorly documented. This probably left a bitter taste in your mouth, especially when things went wrong.
Aug. 31, 2015 02:00 AM EDT Reads: 439
SYS-CON Events announced today that DataClear Inc. will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. The DataClear ‘BlackBox’ is the only solution that moves your PC, browsing and data out of the United States and away from prying (and spying) eyes. Its solution automatically builds you a clean, on-demand, virus free, new virtual cloud based PC outside of the United States, and wipes it clean...
Aug. 30, 2015 11:45 PM EDT Reads: 393
Too often with compelling new technologies market participants become overly enamored with that attractiveness of the technology and neglect underlying business drivers. This tendency, what some call the “newest shiny object syndrome,” is understandable given that virtually all of us are heavily engaged in technology. But it is also mistaken. Without concrete business cases driving its deployment, IoT, like many other technologies before it, will fade into obscurity.
Aug. 30, 2015 10:00 PM EDT Reads: 344
Any Ops team trying to support a company in today’s cloud-connected world knows that a new way of thinking is required – one just as dramatic than the shift from Ops to DevOps. The diversity of modern operations requires teams to focus their impact on breadth vs. depth. In his session at DevOps Summit, Adam Serediuk, Director of Operations at xMatters, Inc., will discuss the strategic requirements of evolving from Ops to DevOps, and why modern Operations has begun leveraging the “NoOps” approa...
Aug. 30, 2015 06:45 PM EDT Reads: 368
While many app developers are comfortable building apps for the smartphone, there is a whole new world out there. In his session at @ThingsExpo, Narayan Sainaney, Co-founder and CTO of Mojio, will discuss how the business case for connected car apps is growing and, with open platform companies having already done the heavy lifting, there really is no barrier to entry.
Aug. 30, 2015 05:00 PM EDT Reads: 133
SYS-CON Events announced today that G2G3 will exhibit at SYS-CON's @DevOpsSummit Silicon Valley, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Based on a collective appreciation for user experience, design, and technology, G2G3 is uniquely qualified and motivated to redefine how organizations and people engage in an increasingly digital world.
Aug. 30, 2015 05:00 PM EDT Reads: 462
As more intelligent IoT applications shift into gear, they’re merging into the ever-increasing traffic flow of the Internet. It won’t be long before we experience bottlenecks, as IoT traffic peaks during rush hours. Organizations that are unprepared will find themselves by the side of the road unable to cross back into the fast lane. As billions of new devices begin to communicate and exchange data – will your infrastructure be scalable enough to handle this new interconnected world?
Aug. 30, 2015 04:00 PM EDT Reads: 151
SYS-CON Events announced today that Micron Technology, Inc., a global leader in advanced semiconductor systems, will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Micron’s broad portfolio of high-performance memory technologies – including DRAM, NAND and NOR Flash – is the basis for solid state drives, modules, multichip packages and other system solutions. Backed by more than 35 years of tech...
Aug. 30, 2015 01:30 PM EDT Reads: 222
This Enterprise Strategy Group lab validation report of the NEC Express5800/R320 server with Intel® Xeon® processor presents the benefits of 99.999% uptime NEC fault-tolerant servers that lower overall virtualized server total cost of ownership. This report also includes survey data on the significant costs associated with system outages impacting enterprise and web applications. Click Here to Download Report Now!
Aug. 30, 2015 01:30 PM EDT Reads: 188
SYS-CON Events announced today that Pythian, a global IT services company specializing in helping companies leverage disruptive technologies to optimize revenue-generating systems, has been named “Bronze Sponsor” of SYS-CON's 17th Cloud Expo, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Founded in 1997, Pythian is a global IT services company that helps companies compete by adopting disruptive technologies such as cloud, Big Data, advance...
Aug. 30, 2015 01:00 PM EDT Reads: 286
SYS-CON Events announced today the Containers & Microservices Bootcamp, being held November 3-4, 2015, in conjunction with 17th Cloud Expo, @ThingsExpo, and @DevOpsSummit at the Santa Clara Convention Center in Santa Clara, CA. This is your chance to get started with the latest technology in the industry. Combined with real-world scenarios and use cases, the Containers and Microservices Bootcamp, led by Janakiram MSV, a Microsoft Regional Director, will include presentations as well as hands-on...
Aug. 30, 2015 12:00 PM EDT Reads: 269
Cloud and datacenter migration innovator AppZero has joined the Microsoft Enterprise Cloud Alliance Program. AppZero is a fast, flexible way to move Windows Server applications from any source machine – physical or virtual – to any destination server, in any cloud or datacenter, using its patented container technology. AppZero’s container is also called a Virtual Application Appliance (VAA). To facilitate Microsoft Azure onboarding, AppZero has two purpose-built offerings: AppZero SP for Azure,...
Aug. 30, 2015 11:00 AM EDT Reads: 171
Organizations from small to large are increasingly adopting cloud solutions to deliver essential business services at a much lower cost. According to cyber security experts, the frequency and severity of cyber-attacks are on the rise, causing alarm to businesses and customers across a variety of industries. To defend against exploits like these, a company must adopt a comprehensive security defense strategy that is designed for their business. In 2015, organizations such as United Airlines, Sony...
Aug. 30, 2015 10:30 AM EDT Reads: 436
SYS-CON Events announced today that HPM Networks will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. For 20 years, HPM Networks has been integrating technology solutions that solve complex business challenges. HPM Networks has designed solutions for both SMB and enterprise customers throughout the San Francisco Bay Area.
Aug. 30, 2015 10:30 AM EDT Reads: 876
Consumer IoT applications provide data about the user that just doesn’t exist in traditional PC or mobile web applications. This rich data, or “context,” enables the highly personalized consumer experiences that characterize many consumer IoT apps. This same data is also providing brands with unprecedented insight into how their connected products are being used, while, at the same time, powering highly targeted engagement and marketing opportunities. In his session at @ThingsExpo, Nathan Trel...
Aug. 30, 2015 10:15 AM EDT Reads: 225