Evolent

Evolent

About Evolent

Simplify's Rating
Why Evolent is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Rating Differentiation

Industries

Data & Analytics

Healthcare

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

Arlington, Virginia

Founded

2011

Overview

Company Does Not Provide H1B Sponsorship

Simplify Jobs

Simplify's Take

What believers are saying

  • Machinify's AI technology boosts efficiency in specialty condition management.
  • Dr. Nguyen's appointment may lead to innovative population health strategies.
  • Issuance of $350 million notes strengthens financial position for growth initiatives.

What critics are saying

  • Integration of Machinify's AI may cause operational disruptions if not managed well.
  • Leadership changes with Dr. Nguyen could disrupt existing operations.
  • Convertible notes issuance could increase financial risk if market conditions worsen.

What makes Evolent unique

  • Evolent's acquisition of Machinify enhances AI-driven clinical workflow automation.
  • Dr. Von Nguyen's leadership brings innovative strategies from his experience at Google.
  • Partnership with Careology expands Evolent's digital health solutions in oncology.

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Funding

Total Funding

$350M

Above

Industry Average

Funded Over

1 Rounds

Post IPO Convertible funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Convertible Funding Comparison
Coming Soon

Benefits

Health Insurance

Flexible Work Hours

Hybrid Work Options

Performance Bonus

Company News

TipRanks
Jan 13th, 2025
Evolent Health to Present at J.P. Morgan Conference

Evolent Health announced its upcoming presentation at the 43rd Annual J.P. Morgan Healthcare Conference, highlighting its financial outlook and strategic direction.

BambuUp
Dec 18th, 2024
Evolent announces Dr. Von Nguyen as incoming Chief Medical Officer, effective January 1

Dr. Nguyen joined Evolent as Chief Clinical Officer in July 2024 after serving as clinical lead for population health at Google.

PR Newswire
Jun 4th, 2024
Evolent Signs Agreement To Acquire Artificial Intelligence Utilization Management Products And Team From Machinify

Machinify solution seeks to accelerate the efficiency, quality, and clinical value of Evolent's specialty condition management platform through AI-enabled clinical workflow automationMachinify technology leverages the latest advances in applied machine learning, large language models and data analyticsAcquisition expected to benefit health plans, clinicians, and membersWASHINGTON, June 4, 2024 /PRNewswire/ -- Evolent Health, Inc. ("Evolent" or "the Company"), (NYSE: EVH) a company focused on achieving better health outcomes for people with complex conditions, today announced it has entered into an agreement to acquire certain assets of Machinify and the exclusive, perpetual and royalty-free license of Machinify Auth, a proven software platform that leverages the latest advances in artificial intelligence to increase the clinical quality, speed and consistency of the clinical reviews for all specialty conditions. Evolent plans to integrate the Machinify Auth team, software applications and AI capabilities into its leading platform. Evolent and Machinify will also enter into a multi-year services agreement to support the success of the acquisition. Evolent believes the acquisition will add significant value for Machinify and Evolent's health plans, providers and members. The acquisition is subject to customary closing conditions.Evolent believes the addition of scalable AI technology will enable the Company to leapfrog standard industry processes by increasing the number of first-pass approvals as well as streamlining manual data collection and analysis associated with complex medical decision making

Digital Health
May 16th, 2024
UK digital cancer care platform Careology teams with Evolent Health

UK digital cancer care platform Careology teams with Evolent Health.

PR Newswire
Dec 6th, 2023
Evolent Health, Inc. Announces Pricing of $350.0 Million of Convertible Senior Notes Due 2029 to Pay Down Senior Term Loan

/PRNewswire/ -- Evolent Health, Inc. (NYSE: EVH), a company that specializes in better health outcomes for people with complex conditions through proven...

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