Evolent Health, Inc. (EVH): History, Ownership, Mission, How It Works & Makes Money

Ever wondered how healthcare companies are navigating the complexities of value-based care? Evolent Health Inc. (EVH), with a market capitalization of $1.17 billion as of April 2025, stands as a key player, but how did it get here, who owns it, and what's its mission? Delve into this comprehensive overview to uncover Evolent Health's journey, its unique approach to healthcare solutions, and how it generates revenue, offering insights into its significance in today's evolving healthcare landscape.

Evolent Health, Inc. (EVH) History

Evolent Health, Inc.'s Founding Timeline

Year established

Evolent Health, Inc. was established in 2011.

Original location

The company was originally located in Arlington, Virginia.

Founding team members

The founding team included:

• Frank Williams
• Seth Blackley
• Tom Peterson

Initial capital/funding

Evolent Health, Inc. was founded as a joint venture with the Advisory Board Company, receiving an initial investment to establish its operations.

Evolent Health, Inc.'s Evolution Milestones

Evolent Health, Inc.'s Transformative Moments

• Going Public (2015): The IPO marked a pivotal moment, providing the capital needed for expansion and establishing the company's presence in the public market.
• Strategic Acquisitions: Acquisitions like Valence Health in 2016 broadened service offerings and strengthened market position.
• Focus on Value-Based Care: The strategic shift towards value-based care models has driven growth and aligned the company with evolving healthcare industry trends.

To gain more insights into the investor perspective, check out: Exploring Evolent Health, Inc. (EVH) Investor Profile: Who’s Buying and Why?

Evolent Health, Inc. (EVH) Ownership Structure

Evolent Health operates as a publicly traded company, meaning its ownership is distributed among shareholders who invest in its stock. A variety of institutional and individual investors hold shares, influencing the company's governance and strategic direction.

Evolent Health's Current Status

Evolent Health is a publicly held company, trading under the symbol EVH on the New York Stock Exchange (NYSE). As a public entity, it is subject to regulatory oversight and reporting requirements, offering transparency into its financial performance and operations.

Evolent Health's Ownership Breakdown

Understanding the ownership structure of Evolent Health provides insights into who has the most significant influence on the company. Here's a breakdown of the ownership percentages:

Evolent Health's Leadership

The leadership team guides the strategic direction and operational execution of Evolent Health. Key figures include:

• Andrew Croshaw: Chief Executive Officer
• John Johnson: President
• Kyle Tallman: Chief Financial Officer

These individuals, along with other members of the executive team, are instrumental in shaping the company's strategies and ensuring its continued growth and success.

To gain further insights into the company's financial stability, see Breaking Down Evolent Health, Inc. (EVH) Financial Health: Key Insights for Investors.

Evolent Health, Inc. (EVH) Mission and Values

Evolent Health's mission is centered on improving health outcomes and reducing costs by partnering with health plans and providers. The company values innovation, collaboration, and a commitment to improving the healthcare experience.

Evolent Health's Core Purpose

Official mission statement

Evolent Health's mission statement is: 'To change the way healthcare is delivered.'

• Evolent Health aims to improve the quality and affordability of healthcare.
• They focus on partnering with health plans and providers to implement innovative solutions.
• The company strives to create a more efficient and effective healthcare system.

Vision statement

While a specific, publicly declared vision statement is not readily available, Evolent Health's actions and strategic initiatives suggest a vision focused on:

• Becoming a leading partner for health plans and providers in value-based care transformation.
• Driving significant improvements in clinical outcomes and cost management through data-driven insights and technology solutions.
• Expanding its reach and impact across the healthcare industry.

Company slogan/tagline

Evolent Health does not have a widely publicized official slogan or tagline. However, their core messaging often revolves around:

• 'Powering Proven Performance' – This emphasizes their ability to drive measurable results for their partners.
• Focus on value-based care – Highlighting their commitment to improving healthcare quality and affordability.

To delve deeper into Evolent Health's financial performance, consider exploring: Breaking Down Evolent Health, Inc. (EVH) Financial Health: Key Insights for Investors

Evolent Health, Inc. (EVH) How It Works

Evolent Health works by partnering with health plans and providers to improve clinical and financial outcomes through a value-based care approach. They provide technology and services that help these organizations manage risk, improve quality, and reduce costs.

Evolent Health's Product/Service Portfolio

Evolent Health's Operational Framework

Evolent Health operates through a combination of technology and service offerings designed to support value-based care. Their operational framework includes:

• Partnerships: Collaborating with health plans and providers to implement value-based care models.
• Technology Platform: Utilizing the Identifi platform to aggregate and analyze data, providing actionable insights for care improvement.
• Care Management: Implementing care management programs to improve patient outcomes and reduce costs.
• Specialty Care Management: Offering specialized programs like New Century Health for managing complex conditions such as cancer and heart disease.
• Advance Care Planning: Providing services like Vital Decisions to ensure patients' wishes are honored in their care.

For more insights into the company's financial standing, you might find this resource helpful: Breaking Down Evolent Health, Inc. (EVH) Financial Health: Key Insights for Investors.

Evolent Health's Strategic Advantages

Evolent Health's strategic advantages include:

• Comprehensive Solutions: Offering a wide range of services and technologies that address various aspects of value-based care.
• Data and Analytics: Leveraging the Identifi platform to provide data-driven insights that improve decision-making.
• Specialty Care Expertise: Specializing in managing complex conditions like cancer and heart disease through New Century Health.
• Focus on Value-Based Care: Aligning incentives to improve quality and reduce costs.
• Strong Partnerships: Building long-term relationships with health plans and providers.

Evolent Health, Inc. (EVH) How It Makes Money

Evolent Health primarily generates revenue by providing clinical and administrative solutions to health plans and providers, helping them manage and improve the health of their populations while reducing costs.

Evolent Health's Revenue Breakdown

Evolent Health's Business Economics

Evolent Health's business model is predicated on creating value through improved healthcare outcomes and cost reduction. Here are key aspects of their business economics:

• Value-Based Care: They operate in the value-based care environment, aligning their incentives with those of their clients to improve quality and lower costs.
• Long-Term Contracts: Evolent typically establishes long-term contracts with its clients, providing a recurring revenue stream and fostering stable financial planning.
• Scalability: Their technology and service platforms are designed to scale efficiently, allowing them to add new clients without proportional increases in operating costs.
• Pricing Strategy: Evolent employs a pricing strategy that often includes a combination of fixed fees, per-member-per-month (PMPM) fees, and performance-based incentives. This aligns their revenue with the value they deliver.
• Economic Fundamentals: The demand for Evolent's services is driven by the increasing pressure on healthcare providers and payers to manage costs and improve outcomes, making their services highly relevant in the current healthcare landscape.

Evolent Health's Financial Performance

Evolent Health's financial performance reflects its growth and strategic positioning in the healthcare industry. Key highlights include:

• Revenue Growth: Evolent has demonstrated consistent revenue growth, driven by new client acquisitions and expansion of services with existing clients. For example, in the 2024 fiscal year, Evolent Health reported total revenues of $1.39 billion, representing a 17.7% increase compared to the prior year.
• Gross Margin: The company maintains a healthy gross margin, reflecting its ability to deliver services efficiently and effectively. In 2024, Evolent reported a gross margin of 27.8%.
• Adjusted EBITDA: Evolent focuses on Adjusted EBITDA as a key profitability metric, demonstrating the underlying earnings power of its operations. The Adjusted EBITDA for the full year 2024 was $142.1 million.
• Strategic Investments: Evolent continues to invest in technology and service capabilities to enhance its offerings and drive future growth.
• For more on the company's mission, vision and core values, see Mission Statement, Vision, & Core Values of Evolent Health, Inc. (EVH).

Evolent Health, Inc. (EVH) Market Position & Future Outlook

Evolent Health is strategically positioned to capitalize on the growing demand for value-based care solutions, although it faces competition and market risks typical of the healthcare technology sector.

Competitive Landscape

Opportunities & Challenges

Industry Position

Evolent Health operates within the dynamic healthcare technology sector, focusing on value-based care solutions. Key aspects of its industry positioning include:

• Focus on Value-Based Care: Evolent Health's core strategy revolves around enabling value-based care models, which are gaining traction as the healthcare industry shifts away from fee-for-service models.
• Partnerships with Providers: The company collaborates with healthcare providers, including hospitals and physician groups, to implement and manage value-based care programs.
• Technology-Enabled Solutions: Evolent Health leverages technology to deliver data analytics, care management tools, and other solutions that support value-based care initiatives.
• Market Growth Potential: The market for value-based care solutions is expected to grow significantly, driven by government initiatives, payer demands, and the need to improve healthcare outcomes and reduce costs.

For more insights into investor activity, check out Exploring Evolent Health, Inc. (EVH) Investor Profile: Who’s Buying and Why?