Navvis Healthcare Company Profile

Background

Overview

Navvis is a leading population health company dedicated to transforming healthcare delivery through value-based care models. As an operating partner to some of the nation's most innovative health systems, physician enterprises, and health plans, Navvis provides solutions that accelerate the journey to value-based care. Their approach is market-based, respecting the unique needs of each community, including access to care, culture, values, and capabilities. Together with their partners, they aim to set a new national standard in healthcare performance, delivering affordability, quality, access, and experience that all patients deserve.

Mission and Vision

Navvis is committed to fundamentally improving the health of all Americans by changing how care is delivered in the U.S. Their mission is to provide innovative solutions that enhance healthcare affordability, quality, access, and patient experience. By partnering with various healthcare entities, they strive to create a sustainable and patient-centered healthcare system.

Industry Significance

Operating in the healthcare industry, Navvis plays a pivotal role in advancing value-based care models. Their collaborations with health systems, physician enterprises, and health plans contribute significantly to the evolution of healthcare delivery, emphasizing patient-centered approaches and improved health outcomes.

Key Strategic Focus

Core Objectives

Accelerating Value-Based Care: Navvis focuses on transitioning healthcare providers from fee-for-service to value-based care models, aiming to improve patient outcomes while controlling costs.

Enhancing Care Coordination: By integrating services and fostering collaboration among healthcare providers, Navvis seeks to streamline care delivery and improve patient experiences.

Community-Centric Approach: Recognizing the unique needs of each community, Navvis tailors its solutions to address local challenges and opportunities in healthcare delivery.

Areas of Specialization

Population Health Management: Implementing strategies to manage and improve the health outcomes of specific populations.

Physician Alignment Strategies: Developing models that align physicians' incentives with patient care quality and cost-effectiveness.

Care Delivery Transformation: Redesigning care delivery processes to enhance efficiency, effectiveness, and patient satisfaction.

Key Technologies Utilized

Data Analytics Platforms: Leveraging advanced analytics to inform decision-making and identify opportunities for improvement in care delivery.

Care Coordination Tools: Utilizing technology to facilitate communication and collaboration among healthcare providers.

Patient Engagement Solutions: Implementing tools that empower patients to take an active role in their healthcare.

Primary Markets Targeted

Navvis operates in multiple markets across the United States, including Florida, Hawaii, Illinois, Minnesota, Missouri, New Jersey, Oklahoma, Puerto Rico, and Wisconsin. Their solutions are designed to be adaptable to the specific needs of each community, ensuring relevance and effectiveness.

Financials and Funding

Funding History

Specific details regarding Navvis's total funds raised and recent funding rounds are not publicly disclosed. However, the company's strategic initiatives, such as the merger with Esse Health to form Surround Care, indicate a focus on expanding capabilities and market reach.

Notable Investors

Information about individual investors is not publicly available.

Utilization of Capital

While specific utilization details are not disclosed, the capital is likely directed towards:

Expansion of Service Offerings: Enhancing and broadening the range of value-based care solutions provided.

Technological Advancements: Investing in cutting-edge technologies to improve care coordination and patient engagement.

Market Expansion: Entering new geographic markets to extend the reach of their services.

Pipeline Development

As a service-oriented company, Navvis does not have a traditional product pipeline. Instead, their focus is on developing and implementing innovative value-based care models and partnerships. Recent developments include:

Merger with Esse Health: In November 2022, Navvis and Esse Health merged to form Surround Care, aiming to enhance population health and value-based care delivery.

Partnerships with Health Plans: Collaborations with organizations like Medica and Horizon Healthcare Services to support providers in their journey to value-based care.

Technological Platform and Innovation

Proprietary Technologies

Navvis has developed integrated population health management platforms that offer:

Data Analytics Capabilities: Providing insights into patient populations to inform care strategies.

Care Coordination Tools: Facilitating seamless communication among healthcare providers.

Patient Engagement Solutions: Empowering patients to actively participate in their healthcare decisions.

Significant Scientific Methods

Navvis employs evidence-based methodologies to design and implement care models that improve health outcomes and patient satisfaction.

AI-Driven Capabilities

While specific AI applications are not detailed, Navvis's data analytics platforms likely incorporate AI and machine learning algorithms to enhance predictive analytics and decision-making processes.

Leadership Team

Mike Farris – Chairman and CEO

With over 25 years of executive leadership experience, Mike Farris is a visionary leader focused on returning healthcare to a growth industry. Prior to his current role at Navvis, Mike served as Chief Commercial Officer and President, North America, of Healthways, Inc., leading strategy, marketing, operations, and business development. He joined Healthways following its strategic 2011 acquisition of Navvis & Company, which he founded in 2004.

Leadership Changes

In November 2022, Navvis and Esse Health merged to form Surround Care, with Mike Farris serving as the Chairman and CEO of the new entity.

Competitor Profile

Market Insights and Dynamics

The healthcare industry is increasingly shifting towards value-based care models, emphasizing patient outcomes and cost efficiency. This transition presents opportunities for companies like Navvis to lead in population health management and care delivery transformation.

Competitor Analysis

Key competitors in the value-based care and population health management space include:

Tivity Health: Formerly known as Healthways, Tivity Health offers well-being improvement solutions and has a history of acquisitions to expand its service offerings.

Optum: A diversified health services company that provides population health management and value-based care solutions.

Cigna's Evernorth: Focuses on health services, including population health management and value-based care models.

Strategic Collaborations and Partnerships

Navvis has formed strategic partnerships to enhance its value-based care initiatives:

Medica: Collaborated to support providers in their journey to value-based care, aiming to change healthcare delivery across communities.

Horizon Healthcare Services: Partnered to enable primary care physicians to deliver more coordinated and comprehensive care, enhancing value for Horizon members.

Operational Insights

Navvis's strategic considerations include:

Major Competitors: Companies like Tivity Health, Optum, and Cigna's Evernorth pose competition in the value-based care and population health management sectors.

Market Position: Navvis holds a strong position in the market through strategic partnerships and a focus on community-centric care models.

Competitive Advantages: Their adaptable, market-based approach and emphasis on physician-led, patient-centered care differentiate them in the industry.