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Vytalize Health

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Vytalize Health - Company Market Research Report



Company Overview



Name: Vytalize Health


Mission


Accelerating the transition to value-based care for patients by taking care of the doctors who take care of us.

Foundation


  • Founded: 2014

  • Founders: Faris Ghawi (CEO and Co-Founder)


Key People


  • CEO: Faris Ghawi

  • Chief Information Officer (CIO): Sherry Slick

  • Chief Financial Officer (CFO): Charles Colligan

  • SVP of Clinical Performance: Hirsh Sandesara, MD, MBA

  • Chief Product Officer: Frank Bordonaro

  • SVP, Value-Based Care Analytics: Lisa Schaffner

  • SVP of Operations: Michael Ceballos

  • VP of Engineering: Tingzhen Ming

  • Sr. Director, Clinical Informatics: Birju Patel

  • Board Members:

  • Former UnitedHealth Group CEO Dave Wichmann

  • President and Chief Physician Executive at Press Ganey Amy Compton-Phillips, MD


Headquarters


  • Location: Hoboken, New Jersey


Number of Employees


  • No information is available


Revenue


  • 2023 Revenue: $1.5 billion


Recognition


  • Inc. 5000: Fastest Growing Private Company in America (2024)

  • Deloitte Technology Fast 500: Ranked No. 26 (2023)

  • Inc. Magazine’s 2023 Best Workplaces List


What the Company is Known For


Vytalize Health is known for being a leading risk-bearing provider enablement platform that partners with over 5,000 leading providers to improve care quality and efficiency through value-based care systems.

Products



Solutions for Healthcare Providers


1. Value-Based Care Programs


  • Description: Comprehensive solutions for primary care practices specializing in Medicare value-based care programs.

  • Key Features:

  • Tailored solutions for value-based care transitions

  • Monthly shared savings

  • Data-driven insights and analytics

  • Quality reporting

  • Care coordination (virtual and in-home)

  • Downstream network management

  • Payer contracting

  • Patient experience enhancement


Vytalize REACH ACO


  • Description: Supports the advancement of Medicare’s Realizing Equity, Access, and Community Health (REACH) Program.

  • Key Features:

  • Financial and care planning support

  • Secured budget planning

  • High savings returns per beneficiary

  • Multiple performance metrics and benchmarks exceeded


Recent Developments



New Leadership Additions (April 24, 2024)


  • Sherry Slick: Appointed Chief Information Officer (CIO)

  • Charles Colligan: Appointed Chief Financial Officer (CFO)

  • Hirsh Sandesara, MD, MBA: Appointed SVP of Clinical Performance


Recognition and Growth (2024)


  • Inc. 5000 Rank: No. 1 fastest-growing private company in America

  • Revenue Achievement: $1.5 billion for 2023 with a three-year growth rate of 90,778%

  • Inc. Magazine’s: Best Workplaces

  • Forbes: Best Startup Employers


Network Expansion (2023)


  • Acquisition: Independent Physician Association (IPA) of New York

  • Impact: Expansion into Medicare Advantage, commercial plans, Medicaid, and multi-specialty care.


Performance Metrics


  • REACH ACO Shared Savings: Over $125,000 per practice

  • Savings Per Beneficiary: $1,343 on average

  • Top Quartile:

  • Cost Reduction: 83rd Percentile

  • Quality: 82nd Percentile

  • Patient Experience: 78th Percentile


Partnerships and Charitable Initiatives


  • RIP Medical Debt: Donations forgiving $5.8 million in medical debt to ease patients' financial burdens.


Community Engagement and Education


  • Vytalize University: Launched for on-demand continuing education and value-based care learning.

  • Webinars and Events: Engaging healthcare providers on the importance of value-based care.

  • Monthly Insider Newsletter: For Vytalize partners, featuring exclusive content and best practices in ACOs.


Product Development and Innovation


  • New Products and Tools: Enhanced patient care options, integration of advanced data analytics.

  • Proactive Patient Management: Improvements in high-utilizer patient management, transitions of care following emergency room visits.


Conclusion



Vytalize Health is a leader in the healthcare industry with a proven track record in advancing value-based care through innovative solutions, partnerships, and a strong focus on quality, efficiency, and patient experience. The company's rapid growth, extensive provider network, and commitment to excellence continue to drive its success in transforming the healthcare landscape.



For more detailed information or updates, please visit [www.vytalizehealth.com](http://www.vytalizehealth.com).