|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.
SYS-CON Events announced today that CA Technologies has been named "Platinum Sponsor" of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, New York, and 21st International Cloud Expo, which will take place in November in Silicon Valley, California.
Apr. 24, 2017 01:15 PM EDT Reads: 2,058
The 20th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held June 6-8, 2017, at the Javits Center in New York City, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Containers, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportunity. Submit your speaking proposal ...
Apr. 24, 2017 12:45 PM EDT Reads: 480
New competitors, disruptive technologies, and growing expectations are pushing every business to both adopt and deliver new digital services. This ‘Digital Transformation’ demands rapid delivery and continuous iteration of new competitive services via multiple channels, which in turn demands new service delivery techniques – including DevOps. In this power panel at @DevOpsSummit 20th Cloud Expo, moderated by DevOps Conference Co-Chair Andi Mann, panelists will examine how DevOps helps to meet th...
Apr. 24, 2017 12:02 PM EDT Reads: 263
DevOps is being widely accepted (if not fully adopted) as essential in enterprise IT. But as Enterprise DevOps gains maturity, expands scope, and increases velocity, the need for data-driven decisions across teams becomes more acute. DevOps teams in any modern business must wrangle the ‘digital exhaust’ from the delivery toolchain, "pervasive" and "cognitive" computing, APIs and services, mobile devices and applications, the Internet of Things, and now even blockchain.
Apr. 24, 2017 12:00 PM EDT Reads: 2,349
Multiple data types are pouring into IoT deployments. Data is coming in small packages as well as enormous files and data streams of many sizes. Widespread use of mobile devices adds to the total. In this power panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists will look at the tools and environments that are being put to use in IoT deployments, as well as the team skills a modern enterprise IT shop needs to keep things running, get a handle on all this data, and deli...
Apr. 24, 2017 12:00 PM EDT Reads: 2,054
@DevOpsSummit has been named the ‘Top DevOps Influencer' by iTrend. iTred processes millions of conversations, tweets, interactions, news articles, press releases, blog posts - and extract meaning form them and analyzes mobile and desktop software platforms used to communicate, various metadata (such as geo location), and automation tools. In overall placement, @DevOpsSummit ranked as the number one ‘DevOps Influencer' followed by @CloudExpo at third, and @MicroservicesE at 24th.
Apr. 24, 2017 11:45 AM EDT Reads: 2,588
Did you know that you can develop for mainframes in Java? Or that the testing and deployment can be automated across mobile to mainframe? In his session at @DevOpsSummit at 20th Cloud Expo, Vaughn Marshall, Sr. Principal Product Owner at CA Technologies, will discuss and demo how increasingly teams are developing with agile methodologies using modern development environments and automating testing and deployments, mobile to mainframe.
Apr. 24, 2017 11:30 AM EDT Reads: 978
With major technology companies and startups seriously embracing Cloud strategies, now is the perfect time to attend @CloudExpo | @ThingsExpo, June 6-8, 2017, at the Javits Center in New York City, NY and October 31 - November 2, 2017, Santa Clara Convention Center, CA. Learn what is going on, contribute to the discussions, and ensure that your enterprise is on the right path to Digital Transformation.
Apr. 24, 2017 11:00 AM EDT Reads: 378
Developers want to create better apps faster. Static clouds are giving way to scalable systems, with dynamic resource allocation and application monitoring. You won't hear that chant from users on any picket line, but helping developers to create better apps faster is the mission of Lee Atchison, principal cloud architect and advocate at New Relic Inc., based in San Francisco. His singular job is to understand and drive the industry in the areas of cloud architecture, microservices, scalability ...
Apr. 24, 2017 11:00 AM EDT Reads: 3,267
SYS-CON Events announced today that T-Mobile will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. As America's Un-carrier, T-Mobile US, Inc., is redefining the way consumers and businesses buy wireless services through leading product and service innovation. The Company's advanced nationwide 4G LTE network delivers outstanding wireless experiences to 67.4 million customers who are unwilling to compromise on ...
Apr. 24, 2017 10:30 AM EDT Reads: 345
SYS-CON Events announced today that Juniper Networks (NYSE: JNPR), an industry leader in automated, scalable and secure networks, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Juniper Networks challenges the status quo with products, solutions and services that transform the economics of networking. The company co-innovates with customers and partners to deliver automated, scalable and secure network...
Apr. 24, 2017 10:15 AM EDT Reads: 4,749
SYS-CON Events announced today that SoftLayer, an IBM Company, has been named “Gold Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. SoftLayer, an IBM Company, provides cloud infrastructure as a service from a growing number of data centers and network points of presence around the world. SoftLayer’s customers range from Web startups to global enterprises.
Apr. 24, 2017 10:00 AM EDT Reads: 1,970
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place June 6-8, 2017, at the Javits Center in New York City, New York, is co-located with 20th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry p...
Apr. 24, 2017 09:30 AM EDT Reads: 393
Apr. 24, 2017 09:00 AM EDT Reads: 405
@GonzalezCarmen has been ranked the Number One Influencer and @ThingsExpo has been named the Number One Brand in the “M2M 2016: Top 100 Influencers and Brands” by Analytic. Onalytica analyzed tweets over the last 6 months mentioning the keywords M2M OR “Machine to Machine.” They then identified the top 100 most influential brands and individuals leading the discussion on Twitter.
Apr. 24, 2017 08:45 AM EDT Reads: 417