Evolent Health, a health IT vendor founded in 2011 by the University of Pittsburgh Medical Center Health Plan and the Advisory Board Company, has announced $100 million in Series B financing.
The money will be used to expand the company's population health and risk management platform, and expand its customer base.
"Navigating toward a value-based care model is an incredibly complex process," said Diane Holder, president and CEO of UPMC Health Plan, in the release. "There is no shortage of offerings for discrete parts of the equation, yet what's most needed is a comprehensive solution for enterprise-wide adoption of value-based care similar to what we have been doing at UPMC for more than a decade. We remain incredibly proud of our role in creating Evolent and are excited for what this investment says about the Company's future and the future of health care in the U.S."
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