Vytalize Health, a next-generation provider of value-based healthcare for Medicare beneficiaries, announced today that they have grown their network by 150% for the 3rd year in a row. The company is now partnered with over 500 primary care physicians taking care of 150,000 patients, including 75,000 in at-risk contracts.
Vytalize Health’s rapid growth is driven by its unique value proposition to independent primary care physicians. Their model combines independent physician engagement with an employed clinical team, powered by cutting-edge technology and value-based financial incentives. The rapid success is a significant step towards Vytalize’s mission, “To accelerate the world’s transition to value-based care by taking care of the doctors who take care of us.”
“We are taking a systematic approach to transition one of the largest segments of the industry to value-based care,” said Faris Ghawi, Founder and CEO of Vytalize Health. “Our goal is to empower primary care physicians by giving them data, resources, and the right value-based incentives to help them drive change. We’re excited to welcome another incredible group of practices to Vytalize.”
The venture-backed company’s all-in-one, vertically integrated solution for value-based care delivery is currently deployed in 14 markets and will be responsible for $2.2 billion in medical spending. The company is experiencing exponential growth in revenue driven by new market penetration, expanded margins due to lower medical loss ratios, and their transition to two-sided risk programs with Medicare.
Vytalize’s partnerships with networks, physicians, and independent physician associations have played a significant role in their physician recruitment.
“Vytalize’s model makes it seamless for physicians to participate in value-based care arrangements for their Medicare patients,” said Scott Dennis, CEO of Mississippi Physicians Care Network.
Due to Vytalize’s remarkable growth over the past year, they welcomed over 70 new employees in technology, analytics, clinical, and marketing.
