Welcome!

News Feed Item

Valence Health Reports Rapid Acceleration in Revenue, Company Growth

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.

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Aspose.Total for .NET is the most complete package of all file format APIs for .NET as offered by Aspose. It empowers developers to create, edit, render, print and convert between a wide range of popular document formats within any .NET, C#, ASP.NET and VB.NET applications. Aspose compiles all .NET APIs on a daily basis to ensure that it contains the most up to date versions of each of Aspose .NET APIs. If a new .NET API or a new version of existing APIs is released during the subscription peri...
Security, data privacy, reliability, and regulatory compliance are critical factors when evaluating whether to move business applications from in-house, client-hosted environments to a cloud platform. Quality assurance plays a vital role in ensuring that the appropriate level of risk assessment, verification, and validation takes place to ensure business continuity during the migration to a new cloud platform.
SYS-CON Events announced today that 910Telecom will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Housed in the classic Denver Gas & Electric Building, 910 15th St., 910Telecom is a carrier-neutral telecom hotel located in the heart of Denver. Adjacent to CenturyLink, AT&T, and Denver Main, 910Telecom offers connectivity to all major carriers, Internet service providers, Internet backbones and ...
Ovum, a leading technology analyst firm, has published an in-depth report, Ovum Decision Matrix: Selecting a DevOps Release Management Solution, 2016–17. The report focuses on the automation aspects of DevOps, Release Management and compares solutions from the leading vendors.
Continuous testing helps bridge the gap between developing quickly and maintaining high quality products. But to implement continuous testing, CTOs must take a strategic approach to building a testing infrastructure and toolset that empowers their team to move fast. Download our guide to laying the groundwork for a scalable continuous testing strategy.
Adding public cloud resources to an existing application can be a daunting process. The tools that you currently use to manage the software and hardware outside the cloud aren’t always the best tools to efficiently grow into the cloud. All of the major configuration management tools have cloud orchestration plugins that can be leveraged, but there are also cloud-native tools that can dramatically improve the efficiency of managing your application lifecycle. In his session at 18th Cloud Expo, ...
SYS-CON Events announced today that LeaseWeb USA, a cloud Infrastructure-as-a-Service (IaaS) provider, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. LeaseWeb is one of the world's largest hosting brands. The company helps customers define, develop and deploy IT infrastructure tailored to their exact business needs, by combining various kinds cloud solutions.
StackIQ has announced the release of Stacki 3.2. Stacki is an easy-to-use Linux server provisioning tool. Stacki 3.2 delivers new capabilities that simplify the automation and integration of site-specific requirements. StackIQ is the commercial entity behind this open source bare metal provisioning tool. Since the release of Stacki in June of 2015, the Stacki core team has been focused on making the Community Edition meet the needs of members of the community, adding features and value, while ...
Qosmos has announced new milestones in the detection of encrypted traffic and in protocol signature coverage. Qosmos latest software can accurately classify traffic encrypted with SSL/TLS (e.g., Google, Facebook, WhatsApp), P2P traffic (e.g., BitTorrent, MuTorrent, Vuze), and Skype, while preserving the privacy of communication content. These new classification techniques mean that traffic optimization, policy enforcement, and user experience are largely unaffected by encryption. In respect wit...
For basic one-to-one voice or video calling solutions, WebRTC has proven to be a very powerful technology. Although WebRTC’s core functionality is to provide secure, real-time p2p media streaming, leveraging native platform features and server-side components brings up new communication capabilities for web and native mobile applications, allowing for advanced multi-user use cases such as video broadcasting, conferencing, and media recording.
SYS-CON Events announced today that Venafi, the Immune System for the Internet™ and the leading provider of Next Generation Trust Protection, will exhibit at @DevOpsSummit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Venafi is the Immune System for the Internet™ that protects the foundation of all cybersecurity – cryptographic keys and digital certificates – so they can’t be misused by bad guys in attacks...
SYS-CON Events announced today the Kubernetes and Google Container Engine Workshop, being held November 3, 2016, in conjunction with @DevOpsSummit at 19th Cloud Expo at the Santa Clara Convention Center in Santa Clara, CA. This workshop led by Sebastian Scheele introduces participants to Kubernetes and Google Container Engine (GKE). Through a combination of instructor-led presentations, demonstrations, and hands-on labs, students learn the key concepts and practices for deploying and maintainin...
The cloud market growth today is largely in public clouds. While there is a lot of spend in IT departments in virtualization, these aren’t yet translating into a true “cloud” experience within the enterprise. What is stopping the growth of the “private cloud” market? In his general session at 18th Cloud Expo, Nara Rajagopalan, CEO of Accelerite, explored the challenges in deploying, managing, and getting adoption for a private cloud within an enterprise. What are the key differences between wh...
ReadyTalk has expanded the capabilities of the FoxDen collaboration platform announced late last year to include FoxDen Connect, an in-room video collaboration experience that launches with a single touch. With FoxDen Connect, users can now not only engage in HD video conferencing between iOS and Android mobile devices or Chrome browsers, but also set up in-person meeting rooms for video interactions. A host’s mobile device automatically recognizes the presence of a meeting room via beacon tech...
Deploying applications in hybrid cloud environments is hard work. Your team spends most of the time maintaining your infrastructure, configuring dev/test and production environments, and deploying applications across environments – which can be both time consuming and error prone. But what if you could automate provisioning and deployment to deliver error free environments faster? What could you do with your free time?