WASHINGTON, Aug. 4, 2016 /PRNewswire/ -- Evolent Health, Inc (NYSE: EVH), and St. Luke's Health Partners announced today that they have entered into a definitive agreement for a multi-year operating partnership. The collaboration between the two organizations will guide the development and execution of a value-based care strategy for improving the health of patients across the care delivery network of St. Luke's Health System, the largest locally-owned health system in the state of Idaho.
"We partnered with Evolent due to the experience of their team, their proven record of measurable outcomes and the cultural alignment of both organizations," said St. Luke's Chief Physician Executive Dr. George Beauregard. "Transitioning to value-based care models is challenging work and requires strong partners. We are confident that this partnership will provide a foundation to transform health care for people throughout the region we serve."
The partnership between St. Luke's and Evolent will initially focus on supporting several capitated payment models to achieve clinical and financial quality targets. St. Luke's will also support lives under value-based arrangements by implementing Evolent's IdentifiSM technology platform, advanced predictive modeling, physician reporting and workflow tools, and risk adjustment and analytics support for highly effective clinical programs.
"We are excited to formalize our partnership with St. Luke's Health Partners to further its vision for delivering higher quality, lower cost care for patients across Idaho," said Evolent Chief Executive Officer Frank Williams. "The teams at St. Luke's and Evolent are truly aligned in the belief that the key to success lay in fostering provider accountability for health outcomes of individual patients and entire populations—and that to achieve that vision, providers must be empowered with tools and resources to lead the transformation. We are thrilled to be selected as St. Luke's long-term operating partner and we are looking forward to working collaboratively to engage physicians and patients in a new model of care."
About St. Luke's Health Partners
St. Luke's Health Partners is an integrated network of approximately 1,400 employed and independent health care providers. It is a wholly owned subsidiary of St. Luke's Health System, the only not-for-profit health system based in Idaho with seven hospitals, more than 150 clinics and 14,000 employees throughout the state.
About Evolent Health
Evolent Health partners with leading health systems to drive value-based care transformation. By providing clinical, analytical and financial capabilities, Evolent helps physicians and health systems achieve superior quality and cost results. Evolent's approach breaks down barriers, aligns incentives and powers a new model of care delivery resulting in meaningful alignment between providers, payers, physicians and patients. For more information, visit evolenthealth.com.
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SOURCE Evolent Health, Inc.