Evolent Health reports developments tied to its healthcare services business for people with complex conditions. Company news commonly covers operating and financial results, customer activity with health plans and providers, and the Performance Suite contract model used in its specialty care operations.
Recurring updates also include Evolent's complex specialty care focus in oncology, cardiology and musculoskeletal conditions, management participation in healthcare investor conferences, leadership appointments, board and compensation matters, and equity-award disclosures under NYSE rules.
Evolent Health, listed on NYSE as EVH, announced its participation in the 2021 Bank of America Health Care Conference. Scheduled for May 13, 2021, at 2:00 p.m. ET, CEO Seth Blackley and CFO John Johnson will present. Investors can access a live webcast on the company's investor relations page. Evolent Health specializes in clinical and administrative solutions aimed at improving health care efficiency and affordability, serving a diverse range of payers and providers nationally.
Evolent Health (NYSE: EVH) will announce its first quarter 2021 operating results on May 5, 2021, after market close. A conference call is scheduled for 6:00 p.m. Eastern Time, where shareholders can participate by dialing 855.940.9467 or 412.317.6034 for international callers. An audio playback will be accessible on Evolent's investor relations website for one week post-call.
Evolent offers clinical and administrative solutions aimed at enhancing healthcare affordability and efficiency, serving a national client base of payers and providers.
Evolent Health is launching a Covid-19 vaccine video education program in partnership with various Black community leaders at Quinn Chapel AME in Chicago. This initiative aims to reach up to 1 million Black and Latinx congregants over Easter weekend, addressing vaccine myths and encouraging vaccinations. The program will feature personal stories from faith leaders and will be shared across 500 faith communities. Evolent has a history of supporting local health initiatives and aims to bridge care gaps exacerbated by the pandemic.
Evolent Health (NYSE: EVH) reported 40% growth in the population served by its Evolent Care Partners network compared to 2020. Key drivers include new partnerships, regional expansion in Texas, and growth with existing partners. The network now consists of ~500 primary care physicians, a 30% increase from last year, managing approximately 90,000 lives under Medicare Advantage and Commercial plans, equating to about $900M in premium equivalent. The company emphasizes its innovative technology and clinical programs that improve care coordination and cost management, even during the pandemic.
Evolent Health reported a 15.0% increase in GAAP revenue for Q4 2020, totaling $271.9 million, and a 20.8% increase for the full year, reaching $1.02 billion. The company posted a net loss of $(14.6) million for Q4 and $(334.2) million for the year. Adjusted EBITDA improved to $16.1 million for Q4 and $41.4 million for the year. Strategic growth was evident with new partnerships, such as with Blue Cross Blue Shield of Texas, bolstering their market position. Evolent aims for continued momentum in 2021, focusing on capital allocation and operational efficiencies.
Evolent Health (NYSE: EVH) announced that CEO Seth Blackley and CFO John Johnson will participate in the Cowen 41st Annual Health Care Conference. Their virtual presentation is scheduled for March 3, 2021, at 3:20 p.m. ET. A live audio webcast will be available on Evolent's investor relations site. Evolent Health focuses on delivering clinical and administrative solutions to enhance whole-person health. The company is recognized for its innovative cost management and has received the NCQA Population Health Program Accreditation.
Evolent Health (NYSE: EVH) will announce its fourth quarter and full year 2020 operating results on February 25, 2021, after market close. A conference call will follow at 5:00 p.m. Eastern Time, where shareholders and participants can dial in to listen. The company offers clinical and administrative solutions to improve health care efficiency. Evolent has received the National Committee for Quality Assurance's Population Health Program Accreditation and is recognized as a leading workplace in health care.
Evolent Health (NYSE: EVH) announced the appointment of Kim A. Keck to its Board of Directors, effective immediately. Keck, with over 30 years of health care experience, replaces retiring board member Bruce Felt. As President and CEO of the Blue Cross Blue Shield Association, she brings valuable insights to Evolent during a critical growth phase. The company also named Cheryl Scott as Lead Independent Director. Evolent aims to enhance its clinical and administrative solutions while maximizing shareholder value.
Evolent Health (NYSE: EVH) has announced a definitive agreement with Bright HealthCare to acquire True Health New Mexico, a wholly-owned subsidiary of Evolent. The transaction, expected to close in the first half of 2021, aims to enhance Evolent's operational framework, while continuing to provide health plan support to True Health New Mexico. Evolent's CEO, Seth Blackley, highlighted the focus on creating shareholder value through organic revenue growth and margin expansion. Current employees of True Health New Mexico will join Bright HealthCare, ensuring continuity in market operations.
Evolent Health (NYSE: EVH) announced a Cooperation Agreement with Engaged Capital, appointing Craig Barbarosh to its Board of Directors as a Class III director. A Strategy Committee will be created to enhance operational efficiency and financial performance. Evolent also plans to amend its Charter to declassify the Board, allowing directors to stand for one-year terms post-2021 Annual Meeting. Engaged Capital emphasizes its commitment to maximizing shareholder value. This move aims to strengthen governance and strategic direction for Evolent's future.