Click here to close now.

SYS-CON MEDIA Authors: Dana Gardner, Jnan Dash, Kevin Jackson, Peter Silva, Greg Wind

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
The 5th International DevOps Summit, co-located with 17th International Cloud Expo – being held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA – announces that its Call for Papers is open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the...
SYS-CON Events announced today that ProfitBricks, the provider of painless cloud infrastructure, will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY., and the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. ProfitBricks is the IaaS provider that offers a painless cloud experience for all IT users, with no learning curve. ...
With IoT exploding, massive data will transform businesses with opportunities to monetize almost anything that can be measured. In this C-Level Roundtable Discussion at @ThingsExpo, Brendan O’Brien, Aria Systems Co-founder and Chief Evangelist, will lead an expert panel of consultants, thought leaders and practitioners who will look at these new monetization trends, discuss the implications, and detail lessons learned from their collective experience. Finally, the panel will point the way forw...
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 16th Cloud Expo, Haseeb Budhani, CEO and Co-founder of Soha, will share five common approaches that DevOps teams follow to secure access to applications deployed in AWS, Azure, etc., and the frict...
SYS-CON Events announced today that Column Technologies, a global technology solutions company, will exhibit at SYS-CON's DevOps Summit 2015 New York, which will take place June 9-11, 2015, at the Javits Center in New York City, NY. Established in 1998, Column Technologies is a leader in application performance and infrastructure management for commercial and federal markets. The company is headquartered in the United States, with a diverse and talented team of more than 350 employees around th...
ProfitBricks has launched its new DevOps Central and REST API, along with support for three multi-cloud libraries and a Python SDK. This, combined with its already existing SOAP API and its new RESTful API, moves ProfitBricks into a position to better serve the DevOps community and provide the ability to automate cloud infrastructure in a multi-cloud world. Following this momentum, ProfitBricks has also introduced several libraries that enable developers to use their favorite language to code ...
SYS-CON Media announced today that John Treadway’s blog has exceeded 475,000 page views. John Treadway, Vice President at Cloud Technology Partners, has surpassed 475,000 page views on the SYS-CON family of online magazines, which includes Cloud Computing Journal, Internet of Things Journal, Big Data Journal, Microservices Journal, and several others. His blog home page at SYS-CON can be found at JohnTreadway.SYS-CON.com.
SOASTA, the leader in performance analytics, today reported record growth of the CloudTest community, exceeding 30,000 registered users of the CloudTest platform in Q1 2015. SOASTA also announced widespread adoption of its Web and mobile testing solutions, with more than 1,600 customers completing more than 285,000 tests using CloudTest during the quarter. This rapid growth shows that DevOps-driven digital businesses are embracing a more continuous approach to testing, and CloudTest is meeting t...
SYS-CON Media announced today that Blue Box as launched a popular blog feed on Cloud Computing Journal. Cloud Computing Journal aims to help open the eyes of Enterprise IT professionals to the economics and strategies that utility/cloud computing provides. Blue Box Cloud gives you unequaled agility, without the burden of designing, deploying and managing your own infrastructure. It’s the right choice when public cloud just won’t do. Blue Box Cloud is a managed Private Cloud as a Service (...
SYS-CON Events announced today that Ciqada will exhibit at SYS-CON's @ThingsExpo, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Ciqada™ makes it easy to connect your products to the Internet. By integrating key components - hardware, servers, dashboards, and mobile apps - into an easy-to-use, configurable system, your products can quickly and securely join the internet of things. With remote monitoring, control, and alert messaging capability, you will mee...
SYS-CON Events announced today that GENBAND, a leading developer of real time communications software solutions, has been named “Silver Sponsor” of SYS-CON's WebRTC Summit, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. The GENBAND team will be on hand to demonstrate their newest product, Kandy. Kandy is a communications Platform-as-a-Service (PaaS) that enables companies to seamlessly integrate more human communications into their Web and mobile applicatio...
SYS-CON Events announced today that BroadSoft, the leading global provider of Unified Communications and Collaboration (UCC) services to operators worldwide, has been named “Gold Sponsor” of SYS-CON's WebRTC Summit, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. BroadSoft is the leading provider of software and services that enable mobile, fixed-line and cable service providers to offer Unified Communications over their Internet Protocol networks. The Compa...
VoxImplant has announced full WebRTC support in the newest versions of its Android SDK and iOS SDK. The updated SDKs, which enable audio and video calls on mobile devices, are now compatible with the WebRTC standard to allow any mobile app to communicate with WebRTC-enabled browsers, including Google Chrome, Mozilla Firefox, Opera, and, when available, Microsoft Spartan. The WebRTC-updated SDKs represent VoxImplant's continued leadership in simplifying the development of real-time communication...
Chef and Canonical announced a partnership to integrate and distribute Chef with Ubuntu. Canonical is integrating the Chef automation platform with Canonical's Machine-As-A-Service (MAAS), enabling users to automate the provisioning, configuration and deployment of bare metal compute resources in the data center. Canonical is packaging Chef 12 server in upcoming distributions of its Ubuntu open source operating system and will provide commercial support for Chef within its user base.
The IoT Bootcamp is coming to Cloud Expo | @ThingsExpo on June 9-10 at the Javits Center in New York. Instructor. Registration is now available at http://iotbootcamp.sys-con.com/ Instructor Janakiram MSV previously taught the famously successful Multi-Cloud Bootcamp at Cloud Expo | @ThingsExpo in November in Santa Clara. Now he is expanding the focus to Janakiram is the founder and CTO of Get Cloud Ready Consulting, a niche Cloud Migration and Cloud Operations firm that recently got acquir...