|[January 14, 2014]
Valence Health Reports Record Year in 2013
CHICAGO --(Business Wire)--
Health, a leading provider of clinical integration, population
health and value-based care solutions, announced today that the company
experienced record growth in 2013, its best operating year ever. The
company reported adding 15 new clients, while revenues grew 35% and
bookings were 65% higher versus one year earlier.
Several factors combined to fueling Valence Health's impressive
expansion, including launching two new health plans and continued demand
for the firm's clinical integration consulting services and technology.
New clients also acknowledged the power of the company's seventeen years
of operational experience and practical approach as key factors in their
decisions. At the same time, long-term clients such as Cleveland Clinic, Driscoll
Children's Hospital, and Hamilton Medical Center, all experienced
expansion in their value-based care endeavors.
"Every healthcare organization is in some stage of evaluation,
consideration or operation of value-based care models,' said Phil Kamp,
Valence Health CEO. "They are in need of assistance both in terms of
bandwidth, but also practical experience when it comes to the provider
side of various forms of risk-based arrangements. Our 17 years of
operations and track record of success with dozens of clients, gives us
practical real-world knowledge to share."
Valence Health software and services help provider organizations design,
develop, implement and manage various forms of value-based models,
including aggressive pay for performance programs, clinical integration,
full capitation, and provider-sponsored health plans. Among Valence's
new clients in 2013 were:
Children's Hospital in Phoenix, AZ - The region's leading
pediatric facility with a medical staff of more than 1,000 physicians
in 70 pediatric specialties and six centers of excellence.
Health System in Camden, NJ - A regional IDN comprised of acute
care hospitals and more than 50 physician practices and outpatient
Health Partners in Albany, GA - A not-for-profit physician
hospital organization (PHO) formed in 1995 comprised of
community-based physicians and Phoebe Putney Memorial Hospital.
Community Health Options - This Consumer Operated and Oriented
Plan, has served as a model for other such organizations as they begin
Among the company's existing clients experience significant growth were:
Clinic - Building on three years of successful partnership, the
organization's clinically integrated network now includes more than
Children's Health plan - A client since 2002, Driscoll now serves
more than 110,000 Medicaid patients.
Medical Center - A client since 2004, operates the nation's
leading rural provider sponsored health plan in partnership with area
In addition to client growth, the company added more than 100 employees
during 2013, including several high profile executive positions. The
company also rolled out version 3.0 of Vision, its signature software
platform, and helped four clients become listed on various state
insurance exchanges. In recognition of its growth in 2013, Valence was
also recognized by Inc Magazine as a member of its 500/5000 list and by
Deloitte (News - Alert) as a member if its Fast 500 technology firms.
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experiences record growth in 2013, with 15 new clients and 35% revenue
growth http://bit.ly/1hkuo05 #healthcare #ACO
About Valence Health
Valence Health (www.valencehealth.com)
helps 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 Cleveland Clinic. 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
three other office locations, Valence Health helps manage the health of
more than 15 million patients nationwide. Follow Valence Health on LinkedIn
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