Evolent Health (EVH) 10-Q 9 Aug 16 2016 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2016	Aug. 05, 2016
Document and Entity Information [Abstract]
Entity Registrant Name	Evolent Health, Inc.
Entity Central Index Key	1,628,908
Document Type	10-Q
Document Period End Date	Jun. 30, 2016
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q2
Class A
Entity Common Stock, Shares Outstanding		42,685,401
Class B
Entity Common Stock, Shares Outstanding		17,524,596

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Jun. 30, 2016	Dec. 31, 2015
Current assets:
Cash and cash equivalents	$ 105,138,000	$ 145,726,000
Restricted cash	2,205,000	4,703,000
Accounts receivable, net (amounts related to affiliates: 2016 - $10,171; 2015 - $10,185)	30,337,000	20,381,000
Prepaid expenses and other current assets (amounts related to affiliates: 2016 - $1,125; 2015 - $1,220)	5,300,000	4,208,000
Investments, at amortized cost	27,577,000	9,445,000
Total current assets	170,557,000	184,463,000
Restricted cash	1,579,000	1,582,000
Investments, at amortized cost	24,207,000	44,618,000
Investments in and advances to affiliates	2,986,000	0
Property and equipment, net	18,468,000	12,796,000
Intangible assets, net	165,442,000	163,152,000
Goodwill	459,703,000	608,903,000
Prepaid expenses and other non-current assets	9,859,000	0
Total assets	852,801,000	1,015,514,000
Current liabilities:
Accounts payable (amounts related to affiliates: 2016 - $11,689; 2015 - $13,311)	12,375,000	16,699,000
Accrued liabilities (amounts related to affiliates: 2016 - $1,131; 2015 - $828)	8,513,000	6,047,000
Accrued compensation and employee benefits	16,991,000	21,925,000
Deferred revenue	18,848,000	14,835,000
Total current liabilities	56,727,000	59,506,000
Other long-term liabilities	7,972,000	111,000
Deferred tax liabilities, net	19,958,000	21,318,000
Total liabilities	84,657,000	80,935,000
Commitments and Contingencies
Shareholders' Equity (Deficit)
Additional paid-in-capital	361,895,000	342,063,000
Retained earnings (accumulated deficit)	175,232,000	306,688,000
Total shareholders' equity (deficit) attributable to Evolent Health, Inc.	537,728,000	649,341,000
Non-controlling interests	230,416,000	285,238,000
Total equity (deficit)	768,144,000	934,579,000
Total liabilities and shareholders' equity (deficit)	852,801,000	1,015,514,000
Class A
Shareholders' Equity (Deficit)
Common stock	426,000	415,000
Class B
Shareholders' Equity (Deficit)
Common stock	$ 175,000	$ 175,000

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Accounts receivable, related parties	$ 10,717	$ 10,185
Prepaid expenses and other current assets, related parties	1,125	1,220
Accounts payable, related parties	11,689	13,311
Accrued liabilities, related parties	$ 1,131	$ 828
Class A
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	750,000,000	750,000,000
Common stock, shares, issued	42,669,458	41,491,498
Common stock, shares, outstanding	42,669,458	41,491,498
Class B
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares, issued	17,524,596	17,524,596
Common stock, shares, outstanding	17,524,596	17,524,596

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Revenue
Transformation	[1]	$ 10,388	$ 2,703	$ 18,502	$ 2,703
Platform and operations	[1]	46,130	7,711	87,465	7,711
Total revenue		56,518	10,414	105,967	10,414
Expenses
Cost of revenues (exclusive of depreciation and amortization expenses presented separately below)	[1]	32,779	7,887	61,445	7,887
Selling, general and administrative expenses	[1]	32,756	13,082	65,115	13,082
Depreciation and amortization expenses		3,612	984	6,983	984
Goodwill impairment		0	0	160,600	0
Total operating expenses		69,147	21,953	294,143	21,953
Operating income (loss)		(12,629)	(11,539)	(188,176)	(11,539)
Interest income (expense), net		272	13	551	13
Gain on consolidation		0	414,133	0	414,133
Income (loss) from affiliates		(14)	(16,846)	(14)	(28,165)
Other income (expense), net		1	0	2	0
Income (loss) before income taxes and non-controlling interests		(12,370)	385,761	(187,637)	374,442
Provision (benefit) for income taxes		(371)	29,273	(1,359)	29,273
Net income (loss)		(11,999)	356,488	(186,278)	345,169
Net income (loss) attributable to non-controlling interests		(3,612)	(3,424)	(54,822)	(3,424)
Net income (loss) attributable to Evolent Health, Inc.		(8,387)	359,912	(131,456)	348,593
Earnings (Loss) Available for Common Shareholders
Basic (in dollars)		(8,387)	359,018	(131,456)	346,409
Diluted (in dollars)		$ (8,387)	$ 356,488	$ (131,456)	$ 345,169
Earnings (Loss) per Common Share
Basic (in dollars per share)		$ (0.20)	$ 25.69	$ (3.10)	$ 40.69
Diluted (in dollars per share)		$ (0.20)	$ 9.73	$ (3.10)	$ 10.96
Weighted-Average Common Shares Outstanding
Basic (in shares)		42,594	13,976	42,390	8,513
Diluted (in shares)		42,594	36,643	42,390	31,488
Affiliates
Revenue
Transformation		$ 58	$ 49	$ 102	$ 49
Platform and operations		8,704	3,928	15,706	3,928
Expenses
Cost of revenues (exclusive of depreciation and amortization expenses presented separately below)		5,358	1,833	10,486	1,833
Selling, general and administrative expenses		$ 384	$ 251	$ 767	$ 251
[1]	Amounts related to affiliates included above are as follows (see Note 15)

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Cash Flows from Operating Activities
Net income (loss)	$ (186,278)	$ 345,169
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Gain on consolidation	0	(414,133)
(Income) loss from affiliates	14	28,165
Depreciation and amortization expenses	6,983	984
Goodwill impairment	160,600	0
Stock-based compensation expense	9,513	6,154
Deferred tax provision (benefit)	(1,360)	29,273
Other	276	24
Changes in assets and liabilities:
Accounts receivables, net	(9,956)	10,165
Prepaid expenses and other current assets	(429)	(1,007)
Accounts payable	(2,975)	(1,113)
Accrued liabilities	2,524	949
Accrued compensation and employee benefits	(4,934)	(2,629)
Deferred revenue	4,013	(7,809)
Other long-term liabilities	91	0
Net cash provided by (used in) operating activities	(21,918)	(5,808)
Cash Flows from Investing Activities
Cash acquired upon consolidation of affiliate	0	13,065
Cash paid in connection with acquisition	(14,500)	0
Maturities and sales of investments	2,100	4,000
Purchases of property and equipment	(7,260)	(1,015)
Change in restricted cash	1,194	0
Net cash provided by (used in) investing activities	(18,466)	16,050
Cash Flows from Financing Activities
Proceeds from initial public offering, net of offering costs	0	209,087
Proceeds from stock option exercises	114	38
Taxes withheld for vesting of restricted stock units	(318)	0
Net cash provided by (used in) financing activities	(204)	209,125
Net increase (decrease) in cash and cash equivalents	(40,588)	219,367
Cash and cash equivalents as of beginning-of-period	145,726	0
Cash and cash equivalents as of end-of-period	105,138	219,367
Supplemental Disclosure of Non-cash Investing and Financing Activities
Non-cash contribution of common stock to Evolent Health LLC prior to the Offering Reorganization	0	21,810
Accrued property and equipment purchases	98	0
Stock issued in connection with business combinations	10,534	0
Effects of the Offering Reorganization:
Reclassification of deferred offering costs acquired to additional paid-in capital	0	3,154
Conversion of existing equity as part of the Offering Reorganization	0	39,014
Assumption of non-controlling interest as a result of merger with TPG affiliate	0	34,875
Class B Common Stock
Effects of the Offering Reorganization:
Issuance of Class B common stock	$ 0	$ 196

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (DEFICIT) AND REDEEMABLE PREFERRED STOCK - USD ($) shares in Thousands, $ in Thousands	Total	Class A Common Stock	Class B Common Stock	Preferred StockSeries A Redeemable Preferred Stock	Preferred StockSeries B Redeemable Preferred Stock	Preferred StockSeries B-1 Redeemable Preferred Stock	Preferred StockSeries A Preferred Stock	Common StockClass A Common Stock	Common StockClass B Common Stock	Additional Paid-in Capital	Additional Paid-in CapitalClass A Common Stock	Additional Paid-in CapitalClass B Common Stock	Retained Earnings (Accumulated Deficit)	Non-controlling Interests	Non-controlling InterestsClass B Common Stock
Beginning balance, shares at Dec. 31, 2014				7,900	6,468	360
Beginning balance, amount at Dec. 31, 2014				$ 12,847	$ 24,833	$ 1,593
Increase (Decrease) in Temporary Equity [Roll Forward]
Conversion of existing equity, shares				(7,900)	(6,468)	(360)
Conversion of existing equity, amount				$ (12,847)	$ (24,833)	$ (1,593)
Ending balance, shares at Dec. 31, 2015				0	0	0
Ending balance, amount at Dec. 31, 2015				$ 0	$ 0	$ 0
Beginning balance, shares at Dec. 31, 2014							7,400	4,048	0
Beginning balance, amount at Dec. 31, 2014	$ (2,070)						$ 2	$ 1	$ 0	$ 23,733			$ (25,806)	$ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Non-cash issuance of common stock to Evolent Health, LLC	21,810									21,810
Net income (loss) prior to Offering Reorganization	(28,165)												(28,165)
Conversion of existing equity, shares							(7,400)	22,128
Conversion of existing equity, amount	39,273						$ (2)	$ 261		39,014
Issuance of common stock, shares								13,225	19,576
Issuance of common stock, amount		$ 205,933	$ 332,793					$ 132	$ 196		$ 205,801	$ (196)			$ 332,793
Issuance of common stock for business combinations, shares								2,051	(2,051)
Issuance of common stock for business combinations, value	0							$ 21	$ (21)	34,875				(34,875)
Tax effect of the Offering Reorganization	2,144									2,144
Stock-based compensation subsequent to the Offering Reorganization	14,730									14,730
Exercise of stock options, shares								39
Exercise of stock options, amount	152									152
Net income (loss) subsequent to Offering Reorganization, including portion attributable to noncontrolling interest													360,659
Net income (loss) subsequent to Offering Reorganization, portion attributable to noncontrolling interest														(12,680)
Net income (loss) subsequent to Offering Reorganization	347,979
Ending balance, shares at Dec. 31, 2015							0	41,491	17,525
Ending balance, amount at Dec. 31, 2015	934,579						$ 0	$ 415	$ 175	342,063			306,688	285,238
Beginning balance, shares at Dec. 31, 2015				0	0	0
Beginning balance, amount at Dec. 31, 2015				$ 0	$ 0	$ 0
Ending balance, shares at Jun. 30, 2016				0	0	0
Ending balance, amount at Jun. 30, 2016				$ 0	$ 0	$ 0
Beginning balance, shares at Dec. 31, 2015							0	41,491	17,525
Beginning balance, amount at Dec. 31, 2015	934,579						$ 0	$ 415	$ 175	342,063			306,688	285,238
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cumulative-effect adjustment from adoption of new accounting principle	468									468
Non-cash issuance of common stock to Evolent Health, LLC	0
Issuance of common stock for business combinations, shares								1,067
Issuance of common stock for business combinations, value	10,534							$ 11		10,523
Stock-based compensation subsequent to the Offering Reorganization	9,045									9,045
Exercise of stock options, shares								45
Exercise of stock options, amount	114									114
Restricted stock units vested, net of shares withheld for taxes, shares								66
Restricted stock units vested, net of shares withheld for taxes, amount	(318)									(318)
Net income (loss) subsequent to Offering Reorganization, portion attributable to noncontrolling interest	(54,822)													(54,822)
Net income (loss) attributable to Evolent Health, Inc.	(131,456)												(131,456)
Net income (loss), including portion attributable to noncontrolling interest	(186,278)
Ending balance, shares at Jun. 30, 2016							0	42,669	17,525
Ending balance, amount at Jun. 30, 2016	768,144						$ 0	$ 426	$ 175	361,895			175,232	230,416
Ending balance, shares at Jun. 30, 2016				0	0	0
Ending balance, amount at Jun. 30, 2016				$ 0	$ 0	$ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss) subsequent to Offering Reorganization, portion attributable to noncontrolling interest	(3,612)
Net income (loss) attributable to Evolent Health, Inc.	(8,387)
Net income (loss), including portion attributable to noncontrolling interest	(11,999)
Ending balance, shares at Jun. 30, 2016							0	42,669	17,525
Ending balance, amount at Jun. 30, 2016	$ 768,144						$ 0	$ 426	$ 175	$ 361,895			$ 175,232	$ 230,416

Organization

Organization	6 Months Ended
	Jun. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization	Organization Evolent Health, Inc. was incorporated in December 2014 in the state of Delaware, and is a managed services firm that supports leading health systems and physician organizations in their migration toward value-based care and population health management. The Company’s services include providing our customers, which we refer to as partners, with a population management platform, integrated data and analytics capabilities, pharmacy benefit management ("PBM") services and comprehensive health plan administration services. Together these services enable health systems to manage patient health in a more cost-effective manner. The Company’s contracts are structured as a combination of advisory fees, monthly member service fees, percentage of plan premiums and shared medical savings arrangements. The Company's headquarters is located in Arlington, Virginia. Our predecessor, Evolent Health Holdings, Inc. ("Evolent Health Holdings"), merged with and into Evolent Health, Inc. in connection with the Offering Reorganization. As a result, the consolidated financial statements of Evolent Health, Inc. reflect the historical accounting of Evolent Health Holdings. Prior to the organizational transactions noted below, due to certain participating rights granted to our investor, TPG Global, LLC and its affiliates (“TPG”), Evolent Health Holdings did not control Evolent Health LLC, our operating subsidiary company, but was able to exert significant influence and, accordingly, accounted for its investment in Evolent Health LLC using the equity method of accounting through June 3, 2015. Subsequent to the organizational transactions and initial public offering (“IPO”) described below, we own 70.9% of Evolent Health LLC, hold 100% of the voting rights, are the sole managing member and, therefore, control its operations. Accordingly, the financial results of Evolent Health LLC are consolidated in the financial statements of Evolent Health, Inc. subsequent to the Offering Reorganization. Initial Public Offering On June 5, 2015, we completed an IPO of 13.2 million shares of our Class A common stock at a public offering price of $17.00 per share. We received $209.1 million in proceeds, net of underwriting discounts and commissions. Offering expenses incurred were $3.2 million which were recorded as a reduction of proceeds from the offering. We used the net proceeds to purchase newly-issued Class A common units from Evolent Health LLC, our consolidated subsidiary. Evolent Health LLC will use the net proceeds for working capital and other general corporate and strategic purposes. See Note 4 for further details surrounding the IPO and related transactions. Organizational Transactions In connection with the IPO, we completed the following organizational transactions (the “Offering Reorganization”) as further described in Note 4: • We amended and restated our certificate of incorporation to, among other things, authorize two classes of common stock - Class A common stock and Class B exchangeable common stock. Both classes of stock will vote together as a single class. • We acquired, by merger, an affiliate of a member of Evolent Health LLC, for which we issued 2.1 million shares of Class A common stock. • We issued shares of our Class B exchangeable common stock to certain existing members of Evolent Health LLC. Since its inception, the Company has incurred losses from operations. As of June 30, 2016 , the Company had cash and cash equivalents of $105.1 million . The Company believes it has sufficient liquidity for the next twelve months as of June 30, 2016 .

Basis of Presentation and Summa

Basis of Presentation and Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2016
Accounting Policies [Abstract]
Basis of Presentation and Summary of Significant Accounting Policies	Basis of Presentation and Summary of Significant Accounting Policies Basis of Presentation In our opinion, the accompanying unaudited interim consolidated financial statements include all adjustments, consisting of normal recurring adjustments, which are necessary to fairly state our financial position, results of operations, and cash flows. The consolidated balance sheet at December 31, 2015, has been derived from audited financial statements as of that date. The interim consolidated results of operations are not necessarily indicative of the results that may occur for the full fiscal year. Certain footnote disclosure normally included in financial statements prepared in accordance with United States of America generally accepted accounting principles ("GAAP") has been omitted pursuant to instructions, rules, and regulations prescribed by the United States Securities and Exchange Commission ("SEC"). We believe that the disclosures provided herein are adequate to make the information presented not misleading when these unaudited interim consolidated financial statements are read in conjunction with the audited financial statements and notes thereto included in our 2015 Form 10-K. As discussed in Note 4, amounts for the three and six months ended June 30, 2015 , presented in our unaudited consolidated financial statements and notes to unaudited consolidated financial statements for those periods include the historical operations of our predecessor entity, Evolent Health Holdings, which did not consolidate the operations of Evolent Health LLC for the entire three and six month periods. The amounts as of and for the three and six months ended June 30, 2016 , reflect our operations, which consolidate the operations of Evolent Health LLC. All inter-company accounts and transactions have been eliminated in consolidation. Summary of Significant Accounting Policies Certain GAAP policies, which significantly affect the determination of our financial position, results of operations and cash flows, are summarized in our 2015 Form 10-K unless otherwise updated below. Restricted Cash Restricted cash is carried at cost, which approximates fair value, and includes cash used to collateralize various contractual obligations (in thousands) as follows: As of As of June 30, December 31, 2016 2015 Letters of credit for facility leases $ 2,516 $ 3,710 Pharmacy benefit management services 1,169 2,479 Other 99 96 Total restricted cash 3,784 6,285 Non-current restricted cash 1,579 1,582 Current restricted cash $ 2,205 $ 4,703 Change in Accounting Principle In March 2016, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2016-09, which simplifies several aspects of the accounting for employee share-based payment transactions, including accounting for income taxes, forfeitures and statutory tax withholding requirements, as well as classification in the statement of cash flows. The Company elected to early adopt ASU 2016-09 during the second quarter of 2016. ASU 2016-09 requires that certain amendments resulting from the adoption of the new pronouncement be applied using a modified-retrospective transition method by means of a cumulative-effect adjustment to retained earnings as of the beginning of the period in which the guidance is adopted. Therefore, the Company adjusted retained earnings on January 1, 2016, for amendments related to an accounting policy election to recognize share-based award forfeitures as they occur rather than applying an estimated forfeiture rate. The following table summarizes the impact of the change in accounting principle to the Company's Consolidated Statement of Operations for the three months ended March 31, 2016 (in thousands): As Reported Adjustments As Adjusted Cost of revenue (exclusive of depreciation and amortization expenses) $ 28,562 $ 104 $ 28,666 Selling, general and administrative expenses 32,095 263 32,358 Total operating expenses 224,628 367 224,995 Operating income (loss) (175,179 ) (367 ) (175,546 ) Income (loss) before income taxes and non-controlling interests (174,900 ) (367 ) (175,267 ) Net income (loss) (173,912 ) (367 ) (174,279 ) Net income (loss) attributable to non-controlling interests (51,100 ) (110 ) (51,210 ) Net income (loss) attributable to Evolent Health, Inc. (122,812 ) (257 ) (123,069 ) The following table summarizes the impact of the change in accounting principle to the Company's Consolidated Balance Sheets, including the net amount charged to retained earnings as of March 31, 2016 (in thousands): As Reported Adjustments As Adjusted Retained earnings (accumulated deficit) $ 183,876 $ (257 ) (1) $ 183,619 Total shareholders' equity (deficit) attributable to Evolent Health, Inc. 541,524 (257 ) 541,267 Non-controlling interests 234,138 (110 ) 234,028 Total equity (deficit) 775,662 (367 ) 775,295 Total liabilities and shareholders' equity (deficit) 856,463 (367 ) 856,096 (1) Includes a cumulative-effect adjustment to beginning retained earnings of $0.5 million and an adjustment of $0.1 million for the three months ended March 31, 2016, related to the policy election to recognize share-based award forfeitures as they occur, as opposed to applying an estimated forfeiture rate. Approximately $0.1 million of the net adjustment was allocated to non-controlling interest. In addition, the adoption of ASU 2016-09 changed how the Company recognizes excess tax benefits ("windfalls") or deficiencies ("shortfalls") related to share-based compensation. Prior to the adoption of ASU 2016-09, these windfalls and shortfalls were credited or charged, respectively, to additional paid-in capital in the Company's Consolidated Balance Sheets. Under the revised standard, these windfalls and shortfalls are recognized prospectively as discrete tax benefit or discrete tax expense, respectively, in the Company's Consolidated Statement of Operations. For the six months ended June 30, 2016, the Company did not recognize a discrete tax benefit related to net windfall tax benefits from share-based compensation, as the Company does not expect to realize these excess tax deductions in 2016 by reduction of taxes payable, and valuation allowance is necessary.

Recently Issued Accounting Stan

Recently Issued Accounting Standards	6 Months Ended
	Jun. 30, 2016
Accounting Policies [Abstract]
Recently Issued Accounting Standards	Recently Issued Accounting Standards Adoption of New Accounting Standards In March 2016, the FASB issued ASU 2016-09, Compensation – Stock Compensation: Improvements to Employee Share-Based Payment Accounting. The update simplifies several aspects of the accounting for employee share-based payment transactions, including accounting for income taxes, forfeitures and statutory tax withholding requirements, as well as classification in the statement of cash flows. This standard is effective for annual periods beginning after December 15, 2016, and interim periods within those annual periods, with early adoption permitted for any interim or annual period. The Company elected to early adopt this ASU during the second quarter of 2016, as described in Note 2 above. Future Adoption of New Accounting Standards In June 2016, the FASB issued ASU 2016-13, Financial Instruments - Credit Losses: Measurement of Credit Losses on Financial Instruments . With respect to assets measured at amortized cost, such as held-to-maturity assets, the update requires presentation of the amortized cost net of a credit loss allowance. The update eliminates the probable initial recognition threshold that was previously required prior to recognizing a credit loss on financial instruments. The credit loss estimate can now reflect an entity's current estimate of all future expected credit losses as opposed to the previous standard, when an entity only considered past events and current conditions. With respect to available for sale debt securities, the update requires that credit losses be presented as an allowance rather than as a write-down. The update is effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. Early adoption is permitted as of the fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. We will adopt the requirements of this standard effective January 1, 2020 and are currently evaluating the impact of the adoption on our financial condition and results of operations. In February 2016, the FASB issued ASU 2016-02, Leases , in order to establish the principles to report transparent and economically neutral information about the assets and liabilities that arise from leases. This update introduces a new standard on accounting for leases, including a lessee model that brings most leases on the balance sheet. The new standard also aligns many of the underlying principles of the new lessor model with those in ASC 606, the FASB’s new revenue recognition standard (e.g., those related to evaluating when profit can be recognized). The standard also requires lessors to increase the transparency of their exposure to changes in value of their residual assets and how they manage that exposure. The ASU is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Early application is permitted. We will adopt the requirements of this standard effective January 1, 2019, and are currently evaluating the impact of the adoption on our financial condition and results of operations. In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers , in order to clarify the principles of recognizing revenue. This standard establishes the core principle of recognizing revenue to depict the transfer of promised goods or services in an amount that reflects the consideration the entity expects to be entitled in exchange for those goods or services. The FASB defines a five-step process that systematically identifies the various components of the revenue recognition process, culminating with the recognition of revenue upon satisfaction of an entity’s performance obligation. By completing all five steps of the process, the core principles of revenue recognition will be achieved. In March 2016, the FASB issued an update to the new revenue standard (ASU 2014-09) in the form of ASU 2016-08, which amended the principal-versus-agent implementation guidance and illustrations in the new revenue guidance. The update clarifies that an entity should evaluate whether it is the principal or the agent for each specified good or service promised in a contract with a customer. In April 2016, the FASB issued another update to the new revenue standard in the form of ASU 2016-10, which amended the guidance on identifying performance obligations and the implementation guidance on licensing. These ASUs were followed by two further updates issued during May 2016, including ASU 2016-11, which rescinds certain SEC guidance, such as the adoption of ASUs 2014-09 and 2014-16, including accounting for consideration given by a vendor to a customer, and ASU 2016-12, which is intended to clarify the objective of the collectability criterion while identifying the contract(s) with a customer. The new revenue standard (including updates) will be effective for annual and interim reporting periods beginning after December 15, 2017, with early adoption permitted only as of annual reporting periods beginning after December 15, 2016. We will adopt the requirements of this standard effective January 1, 2018, and, while we are evaluating the impact to our financial condition and results of operations, we expect the adoption of this ASU to require the inclusion of additional disclosures surrounding the nature and timing of our revenue. In August 2014, the FASB issued ASU 2014-15, Presentation of Financial Statements – Going Concern: Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern . This standard requires management to assess an entity’s ability to continue as a going concern by incorporating and expanding upon certain principles that are currently in U.S. auditing standards by requiring an assessment for a period of one year after the date that the financial statements are issued. Further, based on certain conditions and circumstances, additional disclosures may be required. This standard is effective beginning with the first annual period ending after December 15, 2016, and for all annual and interim periods thereafter. Early application is permitted. The Company does not expect this standard to have an impact on the Company’s financial statements or related disclosures. We have evaluated all other issued and unadopted ASUs and believe the adoption of these standards will not have a material impact on our results of operations, financial position, or cash flows.

Acquisitions and Business Combi

Acquisitions and Business Combinations	6 Months Ended
	Jun. 30, 2016
Business Combinations [Abstract]
Acquisitions and Business Combinations	Acquisitions and Business Combinations Business Combinations Passport On February 1, 2016, the Company entered into a strategic alliance with University Health Care d/b/a Passport Health Plan (“Passport”), a nonprofit community-based and provider-sponsored health plan administering Kentucky Medicaid and federal Medicare Advantage benefits to over 280,000 Kentucky Medicaid and Medicare Advantage beneficiaries. As part of the transaction, we issued 1.1 million Class A common shares to acquire capabilities and assets from Passport to enable us to build out a Medicaid Center of Excellence based in Louisville, Kentucky. Additional equity consideration of up to $10.0 million may be earned by Passport should we obtain new third party Medicaid businesses in future periods. This transaction also includes a 10 -year arrangement under which we will provide various health plan management and managed care services to Passport. The Company has accounted for the transactions with Passport as a business combination using purchase accounting. The fair value of the total consideration transferred in connection with the close of the transaction was $18.2 million , of which the Class A common shares were valued at $10.5 million and the contingent equity consideration was valued at $7.8 million . The contingent consideration is recorded within "Other long-term liabilities" on our consolidated balance sheets. The fair value of the shares issued was determined based on the closing price of the Company’s Class A common stock on the NYSE as of February 1, 2016, and the quantity of shares issued was determined under a pricing collar set forth in the purchase agreement. The fair value of the contingent equity consideration was estimated based on the real options approach, a form of the income approach, which estimated the probability of the Company achieving future revenues under the agreement. Key assumptions include the discount rate and the probability-adjusted recurring revenue forecast. A further discussion of the fair value measurement of the contingent consideration is provided in Note 14. The purchase price was allocated to the assets acquired based on their estimated fair values as of February 1, 2016, as follows (in thousands): Purchase price $ 18,200 Less amount allocated to prepaid asset 6,900 Goodwill $ 11,300 The prepaid asset is related to an acquired facility license agreement as the Company was provided with leased facilities which house the acquired Passport employees at no future cost. The fair value of the acquired facility license agreement was determined by comparing the current market value of similar lease spaces to the facilities occupied by the acquired Passport personnel to obtain a market value of the occupied space, with the present value of the determined market value of the occupied space classified as the acquired facility license agreement prepaid asset. The goodwill is attributable partially to the acquired assembled workforce. The transaction was a taxable event for the Company and the amount of goodwill determined for tax purposes is deductible. Results for the three and six months ended June 30, 2016, include revenues and related expenses from our services agreement with Passport and amortization of the acquired intangibles for the period February 1, 2016, through June 30, 2016. The Consolidated Statements of Operations includes $9.7 million and $16.1 million of revenues and $(1.0) million and $(1.4) million of net income (loss) attributable to Passport for the three and six months ended June 30, 2016, respectively. The Offering Reorganization Evolent Health, Inc. was incorporated as a Delaware corporation on December 12, 2014, for the purpose of pursuing the Company’s IPO. Immediately prior to the completion of the IPO in June 2015, we amended and restated our certificate of incorporation to, among other things, authorize two classes of common stock, Class A common stock and Class B common stock. Each share of our Class A common stock and Class B common stock entitles its holder to one vote on all matters to be voted on by stockholders, and holders of Class A common stock and holders of Class B common stock vote together as a single class on all matters presented to stockholders for their vote or approval (except as otherwise required by law). Pursuant to the Offering Reorganization: • Evolent Health Holdings merged with and into Evolent Health, Inc. and the surviving corporation of the merger was Evolent Health, Inc.; • An affiliate of TPG merged with and into Evolent Health, Inc. and the surviving corporation of the merger was Evolent Health, Inc.; • Each of the then-existing stockholders of Evolent Health Holdings received four shares of our Class A common stock and the right to certain payments under the Tax Receivables Agreement ("TRA") in exchange for each share of Class A common stock held in Evolent Health Holdings; • TPG received 2.1 million shares of Class A common stock of Evolent Health, Inc., together with the right to certain payments under the TRA in exchange for 100% of the equity that it held in its affiliate that was merged with Evolent Health, Inc.; and • We issued shares of our Class B common stock and the right to certain payments under the TRA to The Advisory Board Company ("The Advisory Board"), TPG and another investor each of which was a member of Evolent Health LLC prior to the Offering Reorganization. The existing shareholders of Evolent Health Holdings held the same economic and voting interest before and after the merger of Evolent Health Holdings with and into Evolent Health, Inc., which represents a transaction among entities with a high degree of common ownership. As such, the merger is viewed as non-substantive and the consolidated financial statements of Evolent Health, Inc. reflect the historical accounting of Evolent Health Holdings except that the legal capital reflects the capital of Evolent Health, Inc. In addition, in connection with the Offering Reorganization, Evolent Health LLC amended and restated its operating agreement to establish two classes of equity (voting Class A common units and non-voting Class B common units); after the amendment, the pre-reorganization members of Evolent Health LLC (other than Evolent Health, Inc.) hold 100% of the Class B common units and Evolent Health, Inc. holds the Class A voting common units. Evolent Health LLC’s Class B common units can be exchanged (together with a corresponding number of shares of our Class B common stock) for one share of our Class A common stock. As of June 30, 2016, we own 70.9% of the economic interests and 100% of the voting rights in Evolent Health LLC. Our operations will continue to be conducted through Evolent Health LLC and subsequent to the Offering Reorganization the financial results of Evolent Health LLC are consolidated in the financial statements of Evolent Health, Inc. Evolent Health, Inc. is a holding company whose principal asset is all of the Class A common units it holds in Evolent Health LLC, and its only business is to act as sole managing member of Evolent Health LLC. Pro Forma Financial Information (Unaudited) The unaudited pro forma statement of operations data presented below gives effect to (1) the Passport transaction as if it had occurred on January 1, 2015, and (2) the consolidation of Evolent Health LLC as if it had occurred on January 1, 2014. The following pro forma information includes adjustments to: • Remove transaction costs related to the Passport transaction of $0.2 million recorded during the six months ended June 30, 2016, and reclassify said amounts to the six months ended June 30, 2015; • Remove transaction costs related to the Passport transaction of $0.2 million recorded in the fourth quarter of 2015 and reclassify said amounts to the six months ended June 30, 2015; • Remove the gain recognized upon the consolidation of the previously held equity method investment in 2015 and reclassify said amount to 2014; • Remove transaction costs related to the Offering Reorganization of $1.2 million in 2015 and reclassify said amount to 2014; • Record amortization expenses related to intangible assets beginning January 1, 2014, for intangibles related to the Offering Reorganization; • Record rent expense related to Passport prepaid lease beginning January 1, 2015; and • Record adjustments of income taxes associated with these pro forma adjustments. This pro forma data is presented for informational purposes only and does not purport to be indicative of the results of future operations or of the results that would have occurred had the transactions described above occurred in the specified prior periods. The pro forma adjustments were based on available information and assumptions that the Company believes are reasonable to reflect the impact of these transactions on the Company's historical financial information on a pro forma basis (in thousands). For the Three For the Six Months Ended Months Ended June 30, June 30, 2016 2015 2016 2015 Revenue $ 56,518 $ 44,676 $ 109,160 $ 89,826 Net income (loss) (11,999 ) (30,886 ) (184,031 ) (45,481 ) Net income (loss) attributable to non-controlling interests (3,612 ) (11,828 ) (53,845 ) (17,930 ) Net income (loss) attributable to Evolent Health, Inc. (8,387 ) (19,058 ) (130,186 ) (27,551 ) Net income (loss) available to common shareholders: Basic (0.20 ) (0.61 ) (3.06 ) (0.94 ) Diluted (0.20 ) (0.61 ) (3.06 ) (0.94 ) Acquisitions Vestica On March 1, 2016, the Company entered into an Asset Purchase Agreement between Vestica Healthcare, LLC ("Vestica") and Evolent Health, LLC. As part of the transaction, we paid $7.5 million to acquire certain assets from Vestica to further align our interests with one of our existing partners. In addition, Vestica can earn an additional $4.0 million in consideration based on certain future events, which is being held in escrow. This transaction also includes an arrangement under which Vestica will continue to perform certain services on our behalf related to the acquired assets. We accounted for the transaction as an asset acquisition where the assets acquired were measured based on the amount of cash paid to Vestica as well as transaction costs incurred as the fair value of the assets given was more readily determinable than the fair value of the assets received. We classified and designated identifiable assets acquired and we assessed and determined the useful lives of the acquired intangible assets subject to amortization. As a result, we recorded a $7.5 million customer relationship intangible asset with a useful life of thirteen years. The transaction was a taxable event.

Investments

Investments	6 Months Ended
	Jun. 30, 2016
Investments [Abstract]
Investments	Investments The amortized cost, gross unrealized gains and losses, and fair value of our investments as measured using Level 2 inputs (in thousands) were as follows: As of June 30, 2016 As of December 31, 2015 Gross Gross Gross Gross Amortized Unrealized Unrealized Fair Amortized Unrealized Unrealized Fair Costs Gains Losses Value Costs Gains Losses Value U.S. Treasury bills $ 28,213 $ 139 $ — $ 28,352 $ 28,306 $ 115 $ 181 $ 28,240 Corporate bonds 23,571 120 3 23,688 25,757 110 80 25,787 Total investments $ 51,784 $ 259 $ 3 $ 52,040 $ 54,063 $ 225 $ 261 $ 54,027 The amortized cost and fair value of our investments by contractual maturities (in thousands) were as follows: As of June 30, 2016 As of December 31, 2015 Amortized Fair Amortized Fair Cost Value Cost Value Due in one year or less $ 27,577 $ 27,697 $ 9,445 $ 9,451 Due after one year through five years 24,207 24,343 44,618 44,576 Total $ 51,784 $ 52,040 $ 54,063 $ 54,027 As of June 30, 2016 , and December 31, 2015, the Company did not hold any securities in an unrealized loss position for more than 12 months. The aggregate fair value of securities held by the Company in an unrealized loss position for less than 12 months as of June 30, 2016 , and December 31, 2015, was $8.8 million and $49.9 million , respectively. As of June 30, 2016 , securities held by the Company which were in an unrealized loss position for less than 12 months consisted of 5 corporate bonds. Our investments are classified as held-to-maturity as we have both the intent and ability to hold the investments until their individual maturities. There were no identified events or changes in circumstances that had a significant adverse effect on the values of these investments. If there was evidence of a decline in fair value below the amortized cost basis which is other than temporary the cost basis of the individual security would be written down to fair value as a new cost basis and the amount of the write-down would be included in earnings. The new cost basis would not be changed for subsequent recoveries in fair value.

Property and Equipment, Net

Property and Equipment, Net	6 Months Ended
	Jun. 30, 2016
Property, Plant and Equipment [Abstract]
Property and Equipment, Net	Property and Equipment, Net The following summarizes our property and equipment (in thousands): As of As of June 30, December 31, 2016 2015 Computer hardware $ 251 $ 232 Furniture and equipment 1,604 1,604 Internal-use software development costs 13,506 6,363 Leasehold improvements 5,830 5,830 Total property and equipment 21,191 14,029 Accumulated depreciation and amortization (2,723 ) (1,233 ) Total property and equipment, net $ 18,468 $ 12,796 We had no property and equipment prior to the Offering Reorganization. The Company capitalized $3.7 million and $7.1 million of internal-use software development costs for the three and six months ended June 30, 2016 , respectively, and $1.0 million of internal-use software development costs for the three and six months ended June 30, 2015 . The net book value of capitalized internal-use software development costs was $13.0 million and $6.3 million as of June 30, 2016 , and December 31, 2015 , respectively. Depreciation expense related to property and equipment was $0.8 million and $1.5 million for the three and six months ended June 30, 2016 , respectively, and $0.2 million for the three and six months ended June 30, 2015 , of which amortization expense related to capitalized internal-use software development costs was $0.3 million and $0.5 million for the three and six months ended June 30, 2016 , respectively, and less than $0.1 million for the three and six months ended June 30, 2015 .

Goodwill and Intangible Assets,

Goodwill and Intangible Assets, Net	6 Months Ended
	Jun. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets, Net	Goodwill and Intangible Assets, Net Goodwill As part of the Offering Reorganization, we recorded $608.9 million in goodwill on our Consolidated Balance Sheets. Goodwill has an estimated indefinite life and is not amortized; rather it is reviewed for impairment at least annually or whenever events or changes in circumstances indicate that the carrying amount of the asset may not be recoverable. In interim periods between annual goodwill reviews, we also evaluate qualitative factors that could cause us to believe our estimated fair value of our single reporting unit may be lower than the carrying value and trigger a Step 1 test including, but not limited to (i) macroeconomic conditions, (ii) industry and market considerations, (iii) our overall financial performance including an analysis of our current and projected cash flows, revenue and earnings, (iv) a sustained decrease in share price and (v) other relevant entity-specific events including changes in strategy, partners, or litigation. As a result of the Offering Reorganization, we revalued our consolidated balance sheet to the market value of our IPO share price of $17.00 . Subsequent to our 2015 annual impairment testing in the fourth quarter of 2015, our common stock price declined significantly, reaching our historic low in the first quarter of 2016. During the three months ended March 31, 2016, our common stock traded between $8.48 and $12.32 , or an average common stock price of $10.33 compared to an average common stock price of $19.51 and $14.73 during the three month periods ended September 30, 2015, and December 31, 2015, respectively. A sustained decline in our common stock price and the resulting impact on our market capitalization is one of several qualitative factors we consider each quarter when evaluating whether events or changes in circumstances indicate it is more likely than not that a potential goodwill impairment exists. We concluded that the further decline in common stock price observed during the first quarter of 2016 did represent a sustained decline and that triggering events occurred during the period requiring an interim goodwill impairment test as of March 31, 2016. As such, we performed a Step 1 impairment test of our goodwill as of March 31, 2016. Step 1 Results To determine the implied fair value for our single reporting unit, we used both a market multiple valuation approach (“market approach”) and a discounted cash flow valuation approach (“income approach”). In determining the estimated fair value, we considered the level of our Class A common stock price and assumptions that we believed market participants would make in valuing our reporting unit, including a control premium, as well as discounted cash flow calculations of management’s estimates of future financial performance and management’s long-term plans. This analysis also required us to make judgments about revenues, expenses, fixed asset and working capital requirements, the timing of exchanges of our Class B common shares, capital market assumptions and discount rates. In our March 31, 2016, Step 1 test, our most sensitive assumption for purposes of the market approach was our estimate of the control premium, and the most sensitive assumption related to the income approach, other than our cash flows, was the discount rate. As of March 31, 2016, our single reporting unit failed the Step 1 analysis as we determined that its implied fair value was less than its carrying value based on the weighting of the fair values determined under both the market and income approaches. As fair value was less than carrying value, we performed a Step 2 test to determine the implied fair value of our goodwill. Step 2 Results In our March 31, 2016, Step 2 test, the fair value of all assets and liabilities were estimated, including our tangible assets (corporate trade name, customer relationships and technology) for the purpose of deriving an estimate of the implied fair value of goodwill. The implied fair value of goodwill was then compared to the carrying amount of goodwill resulting in an impairment charge of $160.6 million on our Consolidated Statements of Operations. The impairment was driven primarily by the sustained decline in our share price as our estimates of our future cash flows and the control premium have remained consistent, combined with an increase in the discount rate period over period. As noted above, our determination of fair value used a weighting of the fair values determined under both the market and income approaches, with the market approach driving the significant reduction in overall firm value and related impairment of goodwill. Intangible Assets, Net Details of our intangible assets (in thousands) are presented below: As of June 30, 2016 Weighted- Average Gross Net Remaining Carrying Accumulated Carrying Useful Life Amount Amortization Value Corporate trade name 18.9 $ 19,000 $ 1,029 $ 17,971 Customer relationships 23.3 127,500 5,389 122,111 Technology 5.9 30,000 4,640 25,360 Total $ 176,500 $ 11,058 $ 165,442 As of December 31, 2015 Weighted- Average Gross Net Remaining Carrying Accumulated Carrying Useful Life Amount Amortization Value Corporate trade name 19.4 $ 19,000 $ 554 $ 18,446 Customer relationships 24.4 120,000 2,797 117,203 Technology 6.4 30,000 2,497 27,503 Total $ 169,000 $ 5,848 $ 163,152 We had no intangible assets prior to the Offering Reorganization. We recorded additional customer relationship intangible assets of $7.5 million in relation to the closing of the Vestica transaction during the first quarter of 2016. Amortization expense related to intangible assets was $2.6 million and $5.2 million for the three and six months ended June 30, 2016 , respectively, and $0.8 million for the three and six months ended June 30, 2015 .

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2016
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies UPMC Reseller Agreement The Company and the University of Pittsburgh Medical Center ("UPMC") are parties to a Reseller, Services and Non-Competition Agreement, dated August 31, 2011 (the “Original UPMC Reseller Agreement”), which was amended and restated by the parties on June 27, 2013 (as amended, the “UPMC Reseller Agreement”). Under the terms of the UPMC Reseller Agreement, UPMC has appointed the Company as a non-exclusive reseller of certain services, subject to certain conditions and limitations specified in the UPMC Reseller Agreement. In consideration for the Company’s obligations under the UPMC Reseller Agreement and subject to certain conditions described therein, UPMC has agreed not to sell certain products and services directly to the Company’s customers and top prospects. The Advisory Board Company Reseller Agreement The Company and The Advisory Board are parties to a Services, Reseller, and Non-Competition Agreement, dated August 31, 2011 (the “Original Advisory Board Reseller Agreement”), which was amended and restated by the parties on June 27, 2013, and May 1, 2015 (as so amended, the “Advisory Board Company Reseller Agreement”). Under the terms of the Advisory Board Company Reseller Agreement, The Advisory Board shall provide certain services to the Company on an as-requested basis. In addition, The Advisory Board has a right of first offer to provide certain specified services during the term of the Agreement and has the rights to collect certain fees for specified referrals. Contingencies Tax Receivables Agreement In connection with the Offering Reorganization, the Company entered into the TRA with certain of its investors, which provides for the payment by the Company to these investors of 85% of the amount of the tax benefits, if any, that the Company is deemed to realize as a result of increases in our tax basis related to exchanges of Class B common units as well as tax benefits attributable to the future utilization of pre-IPO net operating losses ("NOL"s). These payment obligations are obligations of the Company. For purposes of the TRA, the benefit deemed realized by the Company will be computed by comparing its actual income tax liability to the amount of such taxes that the Company would have been required to pay had there been no increase to the tax basis of the assets of the Company as a result of the exchanges or had the Company had no NOL carryforward balance. The actual amount and timing of any payments under the TRA will vary depending upon a number of factors, including: • The timing of the exchanges and the price of the Class A shares at the time of the transaction, triggering a tax basis increase in the Company's asset and a corresponding benefit to be realized under the TRA; and • The amount and timing of our taxable income - the Company will be required to pay 85% of the tax savings as and when realized, if any. If the Company does not have taxable income, it will not be required to make payments under the TRA for that taxable year because no tax savings were actually realized. Due to the items noted above, the fact that no share exchanges have occurred as of June 30, 2016 , and that the Company’s historical losses have not been utilized, the Company has not recorded a liability pursuant to the TRA. Litigation Matters We are engaged from time to time in certain legal disputes arising in the ordinary course of business, including employment claims. When the likelihood of a loss contingency becomes probable and the amount of the loss can be reasonably estimated, we accrue a liability for the loss contingency. We continue to review accruals and adjust them to reflect ongoing negotiations, settlements, rulings, advice of legal counsel, and other relevant information. To the extent new information is obtained, and our views on the probable outcomes of claims, suits, assessments, investigations, or legal proceedings change, changes in our accrued liabilities would be recorded in the period in which such determination is made. We had no material accruals as of June 30, 2016 , and December 31, 2015 . Commitments Lease Commitments The Company has entered into lease agreements for its office location in Arlington, Virginia. In connection with these lease agreements, the Company is required to maintain a $2.5 million letter of credit, which declines annually throughout the term of the lease. As of June 30, 2016 , the restricted funds held in connection with the lease were $2.5 million . Total rental expense on operating leases was $1.1 million and $2.2 million for the three and six months ended June 30, 2016 , respectively, and $0.4 million for the three and six months ended June 30, 2015 . Indemnifications The Company’s customer agreements generally include a provision by which the Company agrees to defend its partners against third party claims (a) for death, bodily injury, or damage to personal property caused by Company negligence or willful misconduct, (b) by former or current Company employees arising from such managed service agreements, (c) for intellectual property infringement under specified conditions and (d) for Company violation of applicable laws, and to indemnify them against any damages and costs awarded in connection with such claims. To date, the Company has not incurred any material costs as a result of such indemnities and has not accrued any liabilities related to such obligations in the accompanying financial statements. Registration rights agreement We entered into a registration rights agreement with The Advisory Board, UPMC, TPG and another investor to register for sale under the Securities Act of 1933, as amended ("Securities Act"), shares of our Class A common stock, including those delivered in exchange for Class B common units in the circumstances described above. Subject to certain conditions and limitations, this agreement provides these investors with certain demand, piggyback and shelf registration rights. The registration rights granted under the registration rights agreement will terminate upon the date the holders of shares that are a party thereto no longer hold any such shares that are entitled to registration rights. Pursuant to our contractual obligations under this agreement, we filed a registration statement on Form S-3 with the SEC on July 28, 2016. See Note 16 below. We will pay all expenses relating to any demand, piggyback or shelf registration, other than underwriting discounts and commissions and any transfer taxes, subject to specified conditions and limitations. The registration rights agreement includes customary indemnification provisions, including indemnification of the participating holders of shares of Class A common stock and their directors, officers and employees by us for any losses, claims, damages or liabilities in respect thereof and expenses to which such holders may become subject under the Securities Act, state law or otherwise. Credit and Concentration Risk The Company is subject to significant concentrations of credit risk related to cash and cash equivalents, investments and accounts receivable. The Company's cash and cash equivalents and investments are held at financial institutions that management believes to be of high credit quality. While the Company maintains its cash and cash equivalents and investments with financial institutions with high credit ratings, it often maintains these deposits in federally insured financial institutions in excess of federally insured limits. The Company has not experienced any losses on cash and cash equivalents or investments to date. The following table summarizes those partners who represented at least 10% of our revenue for the periods presented: For the Three For the Six Months Ended Months Ended June 30, June 30, 2016 2015 2016 2015 Customer A 17.1 % * 15.1 % * Customer B 16.2 % 17.3 % 17.2 % 17.3 % Customer C 15.5 % 11.4 % 14.9 % 11.4 % Customer D * 10.2 % * 10.2 % Customer E * 10.6 % * 10.6 % Customer F * 16.2 % * 16.2 % Customer G * 15.4 % * 15.4 % * Represents less than 10.0% of the respective balance The following table summarizes those partners who represented at least 10% of our trade accounts receivable for the periods presented: As of As of June 30, December 31, 2016 2015 Customer B 10.6 % 12.9 % Customer C 18.7 % * Customer D * 11.4 % Customer E 38.6 % 28.1 % Customer F * 23.2 % * Represents less than 10.0% of the respective balance The Company is subject to significant concentration risk as materially all of our cash and cash equivalents are held in a single money market fund. As of June 30, 2016 , $83.4 million of cash and cash equivalents were held in a money market fund.

Earnings (Loss) Per Common Shar

Earnings (Loss) Per Common Share	6 Months Ended
	Jun. 30, 2016
Earnings Per Share [Abstract]
Earnings (Loss) Per Common Share	Earnings (Loss) Per Common Share The following table sets forth the computation of basic and diluted earnings per share available for common stockholders (in thousands, except per share data): For the Three For the Six Months Ended Months Ended June 30, June 30, 2016 2015 2016 2015 Net income (loss) $ (11,999 ) $ 356,488 $ (186,278 ) $ 345,169 Less: Net income (loss) attributable to non-controlling interests (3,612 ) (3,424 ) (54,822 ) (3,424 ) Undeclared cumulative preferred dividends — 894 — 2,184 Net income (loss) available for common shareholders - Basic (8,387 ) 359,018 (131,456 ) 346,409 Add: Net income (loss) attributable to non-controlling interests — (3,424 ) — (3,424 ) Undeclared cumulative preferred dividends converted during the period — 894 — 2,184 Net income (loss) available for common shareholders - Diluted (1) (2) $ (8,387 ) $ 356,488 $ (131,456 ) $ 345,169 Weighted-average common shares outstanding - Basic 42,594 13,976 42,390 8,513 Dilutive effect of options — 1,854 — 1,509 Assumed conversion of convertible preferred stock at beginning-of-period — 15,806 — 18,949 Assumed conversion of Class B common shares to Class A common shares — 5,007 — 2,517 Weighted-average common shares outstanding - Diluted (2)(3) 42,594 36,643 42,390 31,488 Earnings (Loss) per Common Share Basic $ (0.20 ) $ 25.69 $ (3.10 ) $ 40.69 Diluted (0.20 ) 9.73 (3.10 ) 10.96 (1) For periods of net loss, net income (loss) available for common shareholders is the same for both basic and diluted purposes. (2) Each Class B common unit of Evolent Health LLC can be exchanged (together with a corresponding number of shares of our Class B common stock) for one share of our Class A common stock. As holders exchange their Class B common shares for Class A common shares, our interest in Evolent Health LLC will increase. Therefore, shares of our Class B common stock are not considered dilutive shares for the purposes of calculating our diluted earnings (loss) per common share as related adjustment to net income (loss) available for common shareholders would equally offset the additional shares, resulting in the same earnings (loss) per common share. (3) For periods of net loss, shares used in the earnings (loss) per common share calculation represent basic shares as using diluted shares would be anti-dilutive. Anti-dilutive shares (in thousands) excluded from the calculation of weighted-average common shares presented above are presented below: For the Three For the Six Months Ended Months Ended June 30, June 30, 2016 2015 2016 2015 Exchangeable Class B common stock 17,525 — 17,525 — Restricted stock and restricted stock units 158 — 85 — Options 1,353 — 904 — Total 19,036 — 18,514 —

Stock-based Compensation

Stock-based Compensation	6 Months Ended
	Jun. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-based Compensation	Stock-based Compensation Total compensation expense (in thousands) by award type and line item in our consolidated financial statements (in thousands) were as follows: For the Three For the Six Months Ended Months Ended June 30, June 30, 2016 2015 2016 2015 Award Type Stock options $ 4,044 $ 1,166 $ 8,341 $ 1,166 Restricted stock — 4,875 — 4,875 Restricted stock units ("RSU") 665 113 1,172 113 Total $ 4,709 $ 6,154 $ 9,513 $ 6,154 Line Item Cost of revenue $ 406 $ 409 $ 905 $ 409 Selling, general and administrative expenses 4,303 5,745 8,608 5,745 Total $ 4,709 $ 6,154 $ 9,513 $ 6,154 No stock-based compensation in the totals above was capitalized as software development costs for the three and six months ended June 30, 2016 . Less than $0.1 million of stock-based compensation included in the totals above was capitalized as software development costs for the three and six months ended June 30, 2015. We did not recognize stock compensation in 2015 prior to the Offering Reorganization. As described in Note 2, the Company elected to early adopt ASU 2016-09 during the second quarter of 2016. This resulted in additional stock compensation expense of approximately $0.4 million for the three months ended March 31, 2016. Stock-based awards granted were as follows: For the Three For the Six Months Ended Months Ended June 30, June 30, 2016 2015 2016 2015 Stock options 42,870 803,243 1,167,770 1,789,243 RSUs 27,618 318,336 413,331 318,336

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2016
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes For interim periods, we recognize an income tax provision/(benefit) based on our estimated annual effective tax rate expected for the full year. The Company recorded $0.4 million and $1.4 million in income tax benefit for the three and six months ended June 30, 2016 , respectively, which resulted in effective tax rates of 3.0% and 0.7% , respectively. As of December 31, 2015, $6.2 million of our book and tax basis difference deferred tax liability was expected to reverse outside of our NOL carryforward period. Current tax losses generated in 2016 by the Company allow this deferred tax liability to become a source of income for the realization of our deferred tax assets, which resulted in recording a tax benefit of $0.4 million as of June 30, 2016 . For the three and six months ended June 30, 2015 , the effective tax rates were 7.6% and 7.8% , respectively, due to changes in our deferred tax liability related to the increased difference in the book basis compared to the tax basis in our partnership interest in Evolent Health LLC, resulting in $29.3 million in income tax provision. As of each applicable period-end, the Company has not recognized any uncertain tax positions, penalties or interest as we have concluded that no such positions exist. The Company is not currently subject to income tax audits in any U.S. or state jurisdictions for any tax year. Tax Receivables Agreement In connection with the Offering Reorganization, the Company entered into the TRA with certain of its investors, which provides for the payment by the Company to these investors of 85% of the amount of the tax benefits, if any, that the Company is deemed to realize as a result of increases in our tax basis related to exchanges of Class B common units as well as tax benefits attributable to the future utilization of pre-IPO NOLs. See Note 11 in our 2015 Form 10-K for a detailed discussion of our TRA.

Investments In and Advances to

Investments In and Advances to Affiliates	6 Months Ended
	Jun. 30, 2016
Equity Method Investments and Joint Ventures [Abstract]
Investments In and Advances to Affiliates	Investments In and Advances to Affiliates Georgia Physicians for Accountable Care LLC During the second quarter of 2016, the Company acquired 21,429 Class B Units of Georgia Physicians for Accountable Care, LLC (“GPAC”) for $3.0 million in cash. The investment represents a 27% economic interest and a 28% voting interest in GPAC. The Company has determined it has significant influence but that it does not have control over GPAC. Accordingly, the investment is accounted for under the equity method of accounting and the Company will be allocated its proportional share of GPAC's profits and losses for each reporting period. For the three and six months ended June 30, 2016 , Evolent Health, Inc.'s proportional share of the losses of GPAC was less than $0.1 million . Concurrently, the Company also signed a long-term services agreement with GPAC to provide certain management, operational and support services to help GPAC manage elements of its service offerings. Revenue related to the long-term services agreement for the three and six months ended June 30, 2016, was less than $0.1 million . Evolent Health LLC Prior to the Offering Reorganization, we did not control Evolent Health LLC, but were able to exert significant influence and, accordingly, accounted for our investment in Evolent Health LLC using the equity method of accounting. Subsequent to the Offering Reorganization, the Company consolidates the results of operations of Evolent Health LLC. The allocation of profits and losses to the shareholders of Evolent Health LLC were based upon the second amended and restated operating agreement of Evolent Health LLC. As part of recording our equity portion of the losses of Evolent Health LLC, the Company applied the hypothetical liquidation at book value basis of accounting which allocates profits and losses to the members based upon the value that would accrue to each member at each period end based upon a theoretical liquidation at book value at that time. During the three and six months ended June 30, 2015 , Evolent Health, Inc.'s proportional share of the losses of Evolent Health LLC was $16.8 million and $28.2 million , respectively, which included $0.3 million and $0.8 million , respectively, related to the amortization of a basis differential. The following is a summary of the operating results of Evolent Health LLC (in thousands) for the periods that it was accounted for as an equity method investment: April 1, January 1, 2015 2015 through through June 3, June 3, 2015 2015 Total revenue $ 24,774 $ 61,814 Cost of revenue (exclusive of depreciation and amortization) 18,385 44,839 Gross profit 6,389 16,975 Operating income (loss) (24,771 ) (44,119 ) Net income (loss) (24,764 ) (44,079 )

Non-controlling Interests

Non-controlling Interests	6 Months Ended
	Jun. 30, 2016
Noncontrolling Interest [Abstract]
Non-controlling Interests	Non-controlling Interests Prior to the Offering Reorganization, we did not consolidate Evolent Health LLC, and therefore did not allocate our profits and losses to non-controlling interests. As of June 30, 2016 , we owned 70.9% of Evolent Health LLC. Changes in non-controlling interests (in thousands) were: For the Three For the Six Months Ended Months Ended June 30, June 30, 2016 2015 2016 2015 Non-controlling interests as of beginning-of-period $ 234,028 $ — $ 285,238 $ — Increase in non-controlling interests as a result of the Offering Reorganization — 332,793 — 332,793 Decrease in non-controlling interests as a result of the merger of the TPG affiliate with and into Evolent Health, Inc. — (34,875 ) — (34,875 ) Net income (loss) attributable to non-controlling interests (3,612 ) (3,424 ) (54,822 ) (3,424 ) Non-controlling interests as of end-of-period $ 230,416 $ 294,494 $ 230,416 $ 294,494

Fair Value Measurement

Fair Value Measurement	6 Months Ended
	Jun. 30, 2016
Fair Value Disclosures [Abstract]
Fair Value Measurement	Fair Value Measurement Our Consolidated Balance Sheets include various financial instruments (primarily restricted cash, investments, accounts receivable, accounts payable, accrued expenses, deferred revenue, other current liabilities and other long-term liabilities) that are carried at cost and that approximate fair value. Fair value is the price that would be received from the sale of an asset or paid to transfer a liability assuming an orderly transaction in the most advantageous market at the measurement date. GAAP establishes a hierarchical disclosure framework which prioritizes and ranks the level of observability of inputs used in measuring fair value. These tiers include: • Level 1 - inputs to the valuation methodology are quoted prices available in active markets for identical instruments as of the reporting date; • Level 2 - inputs to the valuation methodology are other than quoted prices in active markets, which are either directly or indirectly observable as of the reporting date and the fair value can be determined through the use of models or other valuation methodologies; and • Level 3 - inputs to the valuation methodology are unobservable inputs in situations where there is little or no market activity for the asset or liability. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, the level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. Our assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to the financial instrument. The following table summarizes the Company’s assets and liabilities measured at fair value on a recurring basis (in thousands): As of June 30, 2016 Level 1 Level 2 Level 3 Total Assets Cash and cash equivalents (1) $ 83,420 $ — $ — $ 83,420 U.S. Treasury bills (2) — 28,352 — 28,352 Corporate bonds (2) — 23,688 — 23,688 Total $ 83,420 $ 52,040 $ — $ 135,460 Liabilities Contingent consideration (3) $ — $ — $ 7,766 $ 7,766 Total $ — $ — $ 7,766 $ 7,766 As of December 31, 2015 Level 1 Level 2 Level 3 Total Assets Cash and cash equivalents (1) $ 122,328 $ — $ — $ 122,328 U.S. Treasury bills (2) — 28,240 — 28,240 Corporate bonds (2) — 25,787 — 25,787 Total $ 122,328 $ 54,027 $ — $ 176,355 (1) Represents the cash and cash equivalents that were held in a money market fund as of June 30, 2016, and December 31, 2015, as presented in the tables above. (2) Our investments are classified as held-to-maturity and therefore are carried at amortized cost. Fair value of the investments are included within footnote disclosures only. See Note 5 for further discussion of our held-to-maturity securities. (3) Related to the contingent earn-out consideration for Passport Health as described further in Note 4. There were no transfers between fair value levels for the three and six month periods ended June 30, 2016 and 2015, respectively. As discussed in Note 4, the strategic alliance with Passport includes a provision for additional equity consideration contingent upon the Company obtaining new third party Medicaid business in future periods. Management engaged an external valuation firm to provide a valuation consistent with the guidance found in ASC 820, Fair Value Measurement . Management reviewed and agreed with the methodology applied and conclusions reached by the external valuation firm. In the absence of observable market prices, the fair value is based on the best information available and involves a significant degree of judgment, taking into consideration a combination of internal and external factors, including the appropriate risk adjustments for non-performance and liquidity risks. The significant unobservable inputs used in the fair value measurement of the Company’s contingent consideration are expected recurring revenue projections for Passport and the applicable discount rate. A significant decrease in the assumed recurring revenue projections or increase in discount rate in isolation would result in a significantly lower fair value. The changes in our contingent consideration, measured at fair value, for which the Company uses Level 3 inputs to determine fair value are as follows (in thousands): For the Three Months Ended June 30, 2016 Balance as of beginning of period $ 7,766 Balance as of end of period $ 7,766 For the Six Months Ended June 30, 2016 Balance as of beginning of period $ — Additions 7,766 Balance as of end of period $ 7,766 The Company did not have any Level 3 assets or liabilities as of June 30, 2015. The following table summarizes the fair value (in thousands), valuation techniques and significant unobservable inputs of our Level 3 fair value measurements as of June 30, 2016: Fair Valuation Significant Assumption or Value Technique Unobservable Inputs Input Ranges Contingent consideration (1) $ 7,766 Real options approach Risk-adjusted expected growth rates 22.8% - 282.2% Discount rate/time value 3.4% - 5.6% (1) Related to additional Passport earn-out consideration as described further in Note 4. The Company did not hold any assets or liabilities that had Level 3 inputs as of June 30, 2015, or December 31, 2015.

Related Parties

Related Parties	6 Months Ended
	Jun. 30, 2016
Related Party Transactions [Abstract]
Related Parties	Related Parties As discussed in Note 12, Evolent acquired a 27% economic interest in GPAC during the second quarter of 2016 and is considered to have significant influence. As a result, the Company accounts for the investment under the equity method of accounting and is allocated its proportional share of GPAC's profits and losses for each reporting period. In addition, the Company signed a long-term services agreement with GPAC to provide certain management, operational and support services to help GPAC manage elements of its service offerings. The Company also works closely with both of its founding investors, The Advisory Board and UPMC. The relationship with The Advisory Board is centered on providing certain specified services and making valuable connections with CEOs of health systems that could become partners. The Company’s relationship with UPMC is a subcontractor relationship where UPMC has agreed to execute certain tasks (primarily third-party administration or “TPA” services) relating to certain customer commitments. We also conduct business with a company in which UPMC holds a significant equity interest. Additionally, prior to the Offering Reorganization, we issued shares of our stock to certain of our partners while concurrently entering into revenue contracts with those partners. Those partners were considered related parties and the balances and/or transactions with them were reported on our consolidated financial statements for the periods in which they held an equity interest in Evolent Health, Inc. Subsequent to December 31, 2015, only one of our partners holds an equity interest in Evolent Health, Inc. That same partner represents a significant portion of our revenue and has a member of their management on our board of directors. That partner, our founding investors and their related businesses are considered related parties and the balances and/or transactions with them are reported on our consolidated financial statements.

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2016
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events On July 12, 2016, the Company entered into an agreement to acquire the majority of Valence Health. Valence Health provides value-based care solutions for hospitals, health systems and physicians to help them achieve clinical and financial rewards for more effectively managing patient populations. Consideration for the transaction will include both cash and shares of Evolent Class A common stock. Pursuant to the terms of the agreement, the Company is expected to pay an aggregate of approximately $142.8 million to $144.1 million in consideration based on the closing price of the Company's Class A common stock on the New York Stock Exchange on July 12, 2016, consisting of 5.3 million to 5.8 million shares of the Company's Class A common stock and approximately $35.0 million to $44.0 million in cash. We expect to pay the cash portion of the consideration with cash on hand. The aggregate consideration payable in the transaction is subject to certain post-closing adjustments based on working capital, indebtedness, certain liabilities and transaction expenses as of the closing date of the transaction. The Company will also pay additional contingent share consideration, if earned, in the form of an earn-out of up to $50.0 million payable in shares of the Company’s Class A common stock, the payment of which is subject to the satisfaction of certain conditions and the achievement of new business activity completed by the acquired portion of Valence Health over the balance of calendar year 2016 impacting 2017 results. Shares of Class A common stock to be issued in relation to the earn-out are limited to 3.9 million shares with full payment, if any, to be made by January 30, 2017. The shares of Class A common stock to be paid at closing and any shares payable under the earn-out are expected to be issued in transactions exempt from registration under the Securities Act of 1933, as amended. The consummation of the acquisition is subject to closing conditions, including, among others, the approval of Valence Health’s stockholders, the absence of certain legal impediments to the consummation of the transaction, the receipt of specified consents and approvals, the early termination or expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 and, subject to materiality exceptions, the accuracy of representations and warranties made by the Company and Valence Health, respectively, and compliance by the Company and Valence Health with their respective obligations under the merger agreement. The transaction is not subject to any financing condition and is expected to close prior to November 10, 2016. On July 28, 2016, we filed a registration statement on Form S-3 under the Securities Act of 1933, as amended, to register the possible resale of 44,028,589 shares of our Class A common stock by certain selling stockholders. The shares of Class A common stock included in this registration statement include shares to be issued upon the exchange of an equivalent number of Class B common units (together with an equal number of shares of our Class B common stock) of our operating subsidiary, Evolent Health LLC, by certain selling stockholders pursuant to their contractual rights under an exchange agreement. Please refer to our 2015 Form 10-K for further information about the IPO and rights of our Class A common stock and Class B common unit holders.

Basis of Presentation and Sum23

Basis of Presentation and Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2016
Accounting Policies [Abstract]
Basis of presentation	Basis of Presentation In our opinion, the accompanying unaudited interim consolidated financial statements include all adjustments, consisting of normal recurring adjustments, which are necessary to fairly state our financial position, results of operations, and cash flows. The consolidated balance sheet at December 31, 2015, has been derived from audited financial statements as of that date. The interim consolidated results of operations are not necessarily indicative of the results that may occur for the full fiscal year. Certain footnote disclosure normally included in financial statements prepared in accordance with United States of America generally accepted accounting principles ("GAAP") has been omitted pursuant to instructions, rules, and regulations prescribed by the United States Securities and Exchange Commission ("SEC"). We believe that the disclosures provided herein are adequate to make the information presented not misleading when these unaudited interim consolidated financial statements are read in conjunction with the audited financial statements and notes thereto included in our 2015 Form 10-K.
Consolidation	As discussed in Note 4, amounts for the three and six months ended June 30, 2015 , presented in our unaudited consolidated financial statements and notes to unaudited consolidated financial statements for those periods include the historical operations of our predecessor entity, Evolent Health Holdings, which did not consolidate the operations of Evolent Health LLC for the entire three and six month periods. The amounts as of and for the three and six months ended June 30, 2016 , reflect our operations, which consolidate the operations of Evolent Health LLC. All inter-company accounts and transactions have been eliminated in consolidation.
Restricted cash	Restricted Cash Restricted cash is carried at cost, which approximates fair value, and includes cash used to collateralize various contractual obligations
Adoption of new accounting standards and future adoption of new accounting standards	Adoption of New Accounting Standards In March 2016, the FASB issued ASU 2016-09, Compensation – Stock Compensation: Improvements to Employee Share-Based Payment Accounting. The update simplifies several aspects of the accounting for employee share-based payment transactions, including accounting for income taxes, forfeitures and statutory tax withholding requirements, as well as classification in the statement of cash flows. This standard is effective for annual periods beginning after December 15, 2016, and interim periods within those annual periods, with early adoption permitted for any interim or annual period. The Company elected to early adopt this ASU during the second quarter of 2016, as described in Note 2 above. Future Adoption of New Accounting Standards In June 2016, the FASB issued ASU 2016-13, Financial Instruments - Credit Losses: Measurement of Credit Losses on Financial Instruments . With respect to assets measured at amortized cost, such as held-to-maturity assets, the update requires presentation of the amortized cost net of a credit loss allowance. The update eliminates the probable initial recognition threshold that was previously required prior to recognizing a credit loss on financial instruments. The credit loss estimate can now reflect an entity's current estimate of all future expected credit losses as opposed to the previous standard, when an entity only considered past events and current conditions. With respect to available for sale debt securities, the update requires that credit losses be presented as an allowance rather than as a write-down. The update is effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. Early adoption is permitted as of the fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. We will adopt the requirements of this standard effective January 1, 2020 and are currently evaluating the impact of the adoption on our financial condition and results of operations. In February 2016, the FASB issued ASU 2016-02, Leases , in order to establish the principles to report transparent and economically neutral information about the assets and liabilities that arise from leases. This update introduces a new standard on accounting for leases, including a lessee model that brings most leases on the balance sheet. The new standard also aligns many of the underlying principles of the new lessor model with those in ASC 606, the FASB’s new revenue recognition standard (e.g., those related to evaluating when profit can be recognized). The standard also requires lessors to increase the transparency of their exposure to changes in value of their residual assets and how they manage that exposure. The ASU is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Early application is permitted. We will adopt the requirements of this standard effective January 1, 2019, and are currently evaluating the impact of the adoption on our financial condition and results of operations. In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers , in order to clarify the principles of recognizing revenue. This standard establishes the core principle of recognizing revenue to depict the transfer of promised goods or services in an amount that reflects the consideration the entity expects to be entitled in exchange for those goods or services. The FASB defines a five-step process that systematically identifies the various components of the revenue recognition process, culminating with the recognition of revenue upon satisfaction of an entity’s performance obligation. By completing all five steps of the process, the core principles of revenue recognition will be achieved. In March 2016, the FASB issued an update to the new revenue standard (ASU 2014-09) in the form of ASU 2016-08, which amended the principal-versus-agent implementation guidance and illustrations in the new revenue guidance. The update clarifies that an entity should evaluate whether it is the principal or the agent for each specified good or service promised in a contract with a customer. In April 2016, the FASB issued another update to the new revenue standard in the form of ASU 2016-10, which amended the guidance on identifying performance obligations and the implementation guidance on licensing. These ASUs were followed by two further updates issued during May 2016, including ASU 2016-11, which rescinds certain SEC guidance, such as the adoption of ASUs 2014-09 and 2014-16, including accounting for consideration given by a vendor to a customer, and ASU 2016-12, which is intended to clarify the objective of the collectability criterion while identifying the contract(s) with a customer. The new revenue standard (including updates) will be effective for annual and interim reporting periods beginning after December 15, 2017, with early adoption permitted only as of annual reporting periods beginning after December 15, 2016. We will adopt the requirements of this standard effective January 1, 2018, and, while we are evaluating the impact to our financial condition and results of operations, we expect the adoption of this ASU to require the inclusion of additional disclosures surrounding the nature and timing of our revenue. In August 2014, the FASB issued ASU 2014-15, Presentation of Financial Statements – Going Concern: Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern . This standard requires management to assess an entity’s ability to continue as a going concern by incorporating and expanding upon certain principles that are currently in U.S. auditing standards by requiring an assessment for a period of one year after the date that the financial statements are issued. Further, based on certain conditions and circumstances, additional disclosures may be required. This standard is effective beginning with the first annual period ending after December 15, 2016, and for all annual and interim periods thereafter. Early application is permitted.

Basis of Presentation and Sum24

Basis of Presentation and Summary of Significant Accounting Policies (Tables)	6 Months Ended
	Jun. 30, 2016
Accounting Policies [Abstract]
Schedule of restricted cash and cash equivalents	Restricted cash is carried at cost, which approximates fair value, and includes cash used to collateralize various contractual obligations (in thousands) as follows: As of As of June 30, December 31, 2016 2015 Letters of credit for facility leases $ 2,516 $ 3,710 Pharmacy benefit management services 1,169 2,479 Other 99 96 Total restricted cash 3,784 6,285 Non-current restricted cash 1,579 1,582 Current restricted cash $ 2,205 $ 4,703
Schedule of changes in accounting principles	The following table summarizes the impact of the change in accounting principle to the Company's Consolidated Statement of Operations for the three months ended March 31, 2016 (in thousands): As Reported Adjustments As Adjusted Cost of revenue (exclusive of depreciation and amortization expenses) $ 28,562 $ 104 $ 28,666 Selling, general and administrative expenses 32,095 263 32,358 Total operating expenses 224,628 367 224,995 Operating income (loss) (175,179 ) (367 ) (175,546 ) Income (loss) before income taxes and non-controlling interests (174,900 ) (367 ) (175,267 ) Net income (loss) (173,912 ) (367 ) (174,279 ) Net income (loss) attributable to non-controlling interests (51,100 ) (110 ) (51,210 ) Net income (loss) attributable to Evolent Health, Inc. (122,812 ) (257 ) (123,069 ) The following table summarizes the impact of the change in accounting principle to the Company's Consolidated Balance Sheets, including the net amount charged to retained earnings as of March 31, 2016 (in thousands): As Reported Adjustments As Adjusted Retained earnings (accumulated deficit) $ 183,876 $ (257 ) (1) $ 183,619 Total shareholders' equity (deficit) attributable to Evolent Health, Inc. 541,524 (257 ) 541,267 Non-controlling interests 234,138 (110 ) 234,028 Total equity (deficit) 775,662 (367 ) 775,295 Total liabilities and shareholders' equity (deficit) 856,463 (367 ) 856,096 (1) Includes a cumulative-effect adjustment to beginning retained earnings of $0.5 million and an adjustment of $0.1 million for the three months ended March 31, 2016, related to the policy election to recognize share-based award forfeitures as they occur, as opposed to applying an estimated forfeiture rate. Approximately $0.1 million of the net adjustment was allocated to non-controlling interest.

Acquisitions and Business Com25

Acquisitions and Business Combinations (Tables)	6 Months Ended
	Jun. 30, 2016
Business Combinations [Abstract]
Schedule of business acquisitions, allocation of purchase price	The purchase price was allocated to the assets acquired based on their estimated fair values as of February 1, 2016, as follows (in thousands): Purchase price $ 18,200 Less amount allocated to prepaid asset 6,900 Goodwill $ 11,300
Business acquisition, pro forma information	The pro forma adjustments were based on available information and assumptions that the Company believes are reasonable to reflect the impact of these transactions on the Company's historical financial information on a pro forma basis (in thousands). For the Three For the Six Months Ended Months Ended June 30, June 30, 2016 2015 2016 2015 Revenue $ 56,518 $ 44,676 $ 109,160 $ 89,826 Net income (loss) (11,999 ) (30,886 ) (184,031 ) (45,481 ) Net income (loss) attributable to non-controlling interests (3,612 ) (11,828 ) (53,845 ) (17,930 ) Net income (loss) attributable to Evolent Health, Inc. (8,387 ) (19,058 ) (130,186 ) (27,551 ) Net income (loss) available to common shareholders: Basic (0.20 ) (0.61 ) (3.06 ) (0.94 ) Diluted (0.20 ) (0.61 ) (3.06 ) (0.94 )

Investments (Tables)

Investments (Tables)	6 Months Ended
	Jun. 30, 2016
Investments [Abstract]
Summary investment holdings	As of June 30, 2016 As of December 31, 2015 Gross Gross Gross Gross Amortized Unrealized Unrealized Fair Amortized Unrealized Unrealized Fair Costs Gains Losses Value Costs Gains Losses Value U.S. Treasury bills $ 28,213 $ 139 $ — $ 28,352 $ 28,306 $ 115 $ 181 $ 28,240 Corporate bonds 23,571 120 3 23,688 25,757 110 80 25,787 Total investments $ 51,784 $ 259 $ 3 $ 52,040 $ 54,063 $ 225 $ 261 $ 54,027
Investments classified by contractual maturity date	The amortized cost and fair value of our investments by contractual maturities (in thousands) were as follows: As of June 30, 2016 As of December 31, 2015 Amortized Fair Amortized Fair Cost Value Cost Value Due in one year or less $ 27,577 $ 27,697 $ 9,445 $ 9,451 Due after one year through five years 24,207 24,343 44,618 44,576 Total $ 51,784 $ 52,040 $ 54,063 $ 54,027

Property and Equipment, Net (Ta

Property and Equipment, Net (Tables)	6 Months Ended
	Jun. 30, 2016
Property, Plant and Equipment [Abstract]
Summary of property and equipment	The following summarizes our property and equipment (in thousands): As of As of June 30, December 31, 2016 2015 Computer hardware $ 251 $ 232 Furniture and equipment 1,604 1,604 Internal-use software development costs 13,506 6,363 Leasehold improvements 5,830 5,830 Total property and equipment 21,191 14,029 Accumulated depreciation and amortization (2,723 ) (1,233 ) Total property and equipment, net $ 18,468 $ 12,796

Goodwill and Intangible Asset28

Goodwill and Intangible Assets, Net (Tables)	6 Months Ended
	Jun. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of intangible assets	Details of our intangible assets (in thousands) are presented below: As of June 30, 2016 Weighted- Average Gross Net Remaining Carrying Accumulated Carrying Useful Life Amount Amortization Value Corporate trade name 18.9 $ 19,000 $ 1,029 $ 17,971 Customer relationships 23.3 127,500 5,389 122,111 Technology 5.9 30,000 4,640 25,360 Total $ 176,500 $ 11,058 $ 165,442 As of December 31, 2015 Weighted- Average Gross Net Remaining Carrying Accumulated Carrying Useful Life Amount Amortization Value Corporate trade name 19.4 $ 19,000 $ 554 $ 18,446 Customer relationships 24.4 120,000 2,797 117,203 Technology 6.4 30,000 2,497 27,503 Total $ 169,000 $ 5,848 $ 163,152

Commitments and Contingencies

Commitments and Contingencies (Tables)	6 Months Ended
	Jun. 30, 2016
Commitments and Contingencies Disclosure [Abstract]
Summary of major customers	The following table summarizes those partners who represented at least 10% of our revenue for the periods presented: For the Three For the Six Months Ended Months Ended June 30, June 30, 2016 2015 2016 2015 Customer A 17.1 % * 15.1 % * Customer B 16.2 % 17.3 % 17.2 % 17.3 % Customer C 15.5 % 11.4 % 14.9 % 11.4 % Customer D * 10.2 % * 10.2 % Customer E * 10.6 % * 10.6 % Customer F * 16.2 % * 16.2 % Customer G * 15.4 % * 15.4 % * Represents less than 10.0% of the respective balance The following table summarizes those partners who represented at least 10% of our trade accounts receivable for the periods presented: As of As of June 30, December 31, 2016 2015 Customer B 10.6 % 12.9 % Customer C 18.7 % * Customer D * 11.4 % Customer E 38.6 % 28.1 % Customer F * 23.2 % * Represents less than 10.0% of the respective balance

Earnings (Loss) Per Common Sh30

Earnings (Loss) Per Common Share (Tables)	6 Months Ended
	Jun. 30, 2016
Earnings Per Share [Abstract]
Computation of basic and diluted earnings per share	The following table sets forth the computation of basic and diluted earnings per share available for common stockholders (in thousands, except per share data): For the Three For the Six Months Ended Months Ended June 30, June 30, 2016 2015 2016 2015 Net income (loss) $ (11,999 ) $ 356,488 $ (186,278 ) $ 345,169 Less: Net income (loss) attributable to non-controlling interests (3,612 ) (3,424 ) (54,822 ) (3,424 ) Undeclared cumulative preferred dividends — 894 — 2,184 Net income (loss) available for common shareholders - Basic (8,387 ) 359,018 (131,456 ) 346,409 Add: Net income (loss) attributable to non-controlling interests — (3,424 ) — (3,424 ) Undeclared cumulative preferred dividends converted during the period — 894 — 2,184 Net income (loss) available for common shareholders - Diluted (1) (2) $ (8,387 ) $ 356,488 $ (131,456 ) $ 345,169 Weighted-average common shares outstanding - Basic 42,594 13,976 42,390 8,513 Dilutive effect of options — 1,854 — 1,509 Assumed conversion of convertible preferred stock at beginning-of-period — 15,806 — 18,949 Assumed conversion of Class B common shares to Class A common shares — 5,007 — 2,517 Weighted-average common shares outstanding - Diluted (2)(3) 42,594 36,643 42,390 31,488 Earnings (Loss) per Common Share Basic $ (0.20 ) $ 25.69 $ (3.10 ) $ 40.69 Diluted (0.20 ) 9.73 (3.10 ) 10.96 (1) For periods of net loss, net income (loss) available for common shareholders is the same for both basic and diluted purposes. (2) Each Class B common unit of Evolent Health LLC can be exchanged (together with a corresponding number of shares of our Class B common stock) for one share of our Class A common stock. As holders exchange their Class B common shares for Class A common shares, our interest in Evolent Health LLC will increase. Therefore, shares of our Class B common stock are not considered dilutive shares for the purposes of calculating our diluted earnings (loss) per common share as related adjustment to net income (loss) available for common shareholders would equally offset the additional shares, resulting in the same earnings (loss) per common share. (3) For periods of net loss, shares used in the earnings (loss) per common share calculation represent basic shares as using diluted shares would be anti-dilutive.
Schedule of antidilutive securities excluded from computation of earnings per share	Anti-dilutive shares (in thousands) excluded from the calculation of weighted-average common shares presented above are presented below: For the Three For the Six Months Ended Months Ended June 30, June 30, 2016 2015 2016 2015 Exchangeable Class B common stock 17,525 — 17,525 — Restricted stock and restricted stock units 158 — 85 — Options 1,353 — 904 — Total 19,036 — 18,514 —

Stock-based Compensation (Table

Stock-based Compensation (Tables)	6 Months Ended
	Jun. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-based compensation expense	Total compensation expense (in thousands) by award type and line item in our consolidated financial statements (in thousands) were as follows: For the Three For the Six Months Ended Months Ended June 30, June 30, 2016 2015 2016 2015 Award Type Stock options $ 4,044 $ 1,166 $ 8,341 $ 1,166 Restricted stock — 4,875 — 4,875 Restricted stock units ("RSU") 665 113 1,172 113 Total $ 4,709 $ 6,154 $ 9,513 $ 6,154 Line Item Cost of revenue $ 406 $ 409 $ 905 $ 409 Selling, general and administrative expenses 4,303 5,745 8,608 5,745 Total $ 4,709 $ 6,154 $ 9,513 $ 6,154
Stock-based awards issued	Stock-based awards granted were as follows: For the Three For the Six Months Ended Months Ended June 30, June 30, 2016 2015 2016 2015 Stock options 42,870 803,243 1,167,770 1,789,243 RSUs 27,618 318,336 413,331 318,336

Investments In and Advances t32

Investments In and Advances to Affiliates (Tables)	6 Months Ended
	Jun. 30, 2016
Equity Method Investments and Joint Ventures [Abstract]
Equity method investments	The following is a summary of the operating results of Evolent Health LLC (in thousands) for the periods that it was accounted for as an equity method investment: April 1, January 1, 2015 2015 through through June 3, June 3, 2015 2015 Total revenue $ 24,774 $ 61,814 Cost of revenue (exclusive of depreciation and amortization) 18,385 44,839 Gross profit 6,389 16,975 Operating income (loss) (24,771 ) (44,119 ) Net income (loss) (24,764 ) (44,079 )

Non-controlling Interests (Tabl

Non-controlling Interests (Tables)	6 Months Ended
	Jun. 30, 2016
Noncontrolling Interest [Abstract]
Schedule of changes in non-controlling interests	Changes in non-controlling interests (in thousands) were: For the Three For the Six Months Ended Months Ended June 30, June 30, 2016 2015 2016 2015 Non-controlling interests as of beginning-of-period $ 234,028 $ — $ 285,238 $ — Increase in non-controlling interests as a result of the Offering Reorganization — 332,793 — 332,793 Decrease in non-controlling interests as a result of the merger of the TPG affiliate with and into Evolent Health, Inc. — (34,875 ) — (34,875 ) Net income (loss) attributable to non-controlling interests (3,612 ) (3,424 ) (54,822 ) (3,424 ) Non-controlling interests as of end-of-period $ 230,416 $ 294,494 $ 230,416 $ 294,494

Fair Value Measurement (Tables)

Fair Value Measurement (Tables)	6 Months Ended
	Jun. 30, 2016
Fair Value Disclosures [Abstract]
Summary of assets at fair value on recurring basis	The following table summarizes the Company’s assets and liabilities measured at fair value on a recurring basis (in thousands): As of June 30, 2016 Level 1 Level 2 Level 3 Total Assets Cash and cash equivalents (1) $ 83,420 $ — $ — $ 83,420 U.S. Treasury bills (2) — 28,352 — 28,352 Corporate bonds (2) — 23,688 — 23,688 Total $ 83,420 $ 52,040 $ — $ 135,460 Liabilities Contingent consideration (3) $ — $ — $ 7,766 $ 7,766 Total $ — $ — $ 7,766 $ 7,766 As of December 31, 2015 Level 1 Level 2 Level 3 Total Assets Cash and cash equivalents (1) $ 122,328 $ — $ — $ 122,328 U.S. Treasury bills (2) — 28,240 — 28,240 Corporate bonds (2) — 25,787 — 25,787 Total $ 122,328 $ 54,027 $ — $ 176,355 (1) Represents the cash and cash equivalents that were held in a money market fund as of June 30, 2016, and December 31, 2015, as presented in the tables above. (2) Our investments are classified as held-to-maturity and therefore are carried at amortized cost. Fair value of the investments are included within footnote disclosures only. See Note 5 for further discussion of our held-to-maturity securities. (3) Related to the contingent earn-out consideration for Passport Health as described further in Note 4.
Summary of liabilities at fair value on recurring basis	The following table summarizes the Company’s assets and liabilities measured at fair value on a recurring basis (in thousands): As of June 30, 2016 Level 1 Level 2 Level 3 Total Assets Cash and cash equivalents (1) $ 83,420 $ — $ — $ 83,420 U.S. Treasury bills (2) — 28,352 — 28,352 Corporate bonds (2) — 23,688 — 23,688 Total $ 83,420 $ 52,040 $ — $ 135,460 Liabilities Contingent consideration (3) $ — $ — $ 7,766 $ 7,766 Total $ — $ — $ 7,766 $ 7,766 As of December 31, 2015 Level 1 Level 2 Level 3 Total Assets Cash and cash equivalents (1) $ 122,328 $ — $ — $ 122,328 U.S. Treasury bills (2) — 28,240 — 28,240 Corporate bonds (2) — 25,787 — 25,787 Total $ 122,328 $ 54,027 $ — $ 176,355 (1) Represents the cash and cash equivalents that were held in a money market fund as of June 30, 2016, and December 31, 2015, as presented in the tables above. (2) Our investments are classified as held-to-maturity and therefore are carried at amortized cost. Fair value of the investments are included within footnote disclosures only. See Note 5 for further discussion of our held-to-maturity securities. (3) Related to the contingent earn-out consideration for Passport Health as described further in Note 4.
Changes in contingent consideration measured at fair value	The changes in our contingent consideration, measured at fair value, for which the Company uses Level 3 inputs to determine fair value are as follows (in thousands): For the Three Months Ended June 30, 2016 Balance as of beginning of period $ 7,766 Balance as of end of period $ 7,766 For the Six Months Ended June 30, 2016 Balance as of beginning of period $ — Additions 7,766 Balance as of end of period $ 7,766
Valuation techniques and significant unobservable inputs of Level 3 fair value measurements	The following table summarizes the fair value (in thousands), valuation techniques and significant unobservable inputs of our Level 3 fair value measurements as of June 30, 2016: Fair Valuation Significant Assumption or Value Technique Unobservable Inputs Input Ranges Contingent consideration (1) $ 7,766 Real options approach Risk-adjusted expected growth rates 22.8% - 282.2% Discount rate/time value 3.4% - 5.6% (1) Related to additional Passport earn-out consideration as described further in Note 4.

Organization (Details)

Organization (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	Jun. 05, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015	Mar. 31, 2016	Sep. 30, 2015	Dec. 31, 2014
Organization [Line Items]
Share price (in usd per share)				$ 14.73	$ 10.33	$ 19.51
Proceeds from initial public offering, net of offering costs	$ 209,100	$ 0	$ 209,087
Payments of stock issuance costs	$ 3,200
Cash and cash equivalents		$ 105,138	$ 219,367	$ 145,726			$ 0
Common Stock | Class A Common Stock
Organization [Line Items]
Issuance of common stock (in shares)	13,200			13,225
Share price (in usd per share)	$ 17
Issuance of common stock for business combinations (in shares)	2,100	1,067		2,051
Evolent Health LLC | Pre-Organization Members
Organization [Line Items]
Evolent Health LLC ownership interest	100.00%
Evolent Health LLC
Organization [Line Items]
Parent's ownership percentage	70.90%	70.90%

Basis of Presentation and Sum36

Basis of Presentation and Summary of Significant Accounting Policies - Additional Information (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Restricted Cash and Cash Equivalents Items [Line Items]
Total restricted cash	$ 3,784	$ 6,285
Non-current restricted cash	1,579	1,582
Current restricted cash	2,205	4,703
Letters of credit for facility leases
Restricted Cash and Cash Equivalents Items [Line Items]
Total restricted cash	2,516	3,710
Pharmacy benefit management services
Restricted Cash and Cash Equivalents Items [Line Items]
Total restricted cash	1,169	2,479
Other
Restricted Cash and Cash Equivalents Items [Line Items]
Total restricted cash	$ 99	$ 96

Basis of Presentation and Sum37

Basis of Presentation and Summary of Significant Accounting Policies - Change in Accounting Principle (Details) - USD ($) $ in Thousands		3 Months Ended			6 Months Ended		12 Months Ended
		Jun. 30, 2016	Mar. 31, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015	Mar. 31, 2015	Dec. 31, 2014
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cost of revenues (exclusive of depreciation and amortization expenses)	[1]	$ 32,779		$ 7,887	$ 61,445	$ 7,887
Selling, general and administrative expenses	[1]	32,756		13,082	65,115	13,082
Total operating expenses		69,147		21,953	294,143	21,953
Operating income (loss)		(12,629)		(11,539)	(188,176)	(11,539)
Income (loss) before income taxes and non-controlling interests		(12,370)		385,761	(187,637)	374,442
Net income (loss)		(11,999)		356,488	(186,278)	345,169
Net income (loss) attributable to non-controlling interests		(3,612)		(3,424)	(54,822)	(3,424)
Net Income (Loss) Attributable to Parent		(8,387)		359,912	(131,456)	348,593
Retained earnings (accumulated deficit)		175,232			175,232		$ 306,688
Total shareholders' equity (deficit) attributable to Evolent Health, Inc.		537,728			537,728		649,341
Non-controlling interests		230,416			230,416		285,238
Total equity (deficit)		768,144			768,144		934,579		$ (2,070)
Total liabilities and shareholders' equity (deficit)		852,801			852,801		1,015,514
Non-controlling Interests
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net income (loss) attributable to non-controlling interests				(3,424)	(54,822)	(3,424)	(12,680)
Non-controlling interests		230,416	$ 234,028	$ 294,494	230,416	$ 294,494	285,238	$ 0	0
Total equity (deficit)		$ 230,416			$ 230,416		285,238		$ 0
ASU 2016-09
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cost of revenues (exclusive of depreciation and amortization expenses)			28,666
Selling, general and administrative expenses			32,358
Total operating expenses			224,995
Operating income (loss)			(175,546)
Income (loss) before income taxes and non-controlling interests			(175,267)
Net income (loss)			(174,279)
Net income (loss) attributable to non-controlling interests			(51,210)
Net Income (Loss) Attributable to Parent			(123,069)
Retained earnings (accumulated deficit)			183,619
Total shareholders' equity (deficit) attributable to Evolent Health, Inc.			541,267
Non-controlling interests			234,028
Total equity (deficit)			775,295
Total liabilities and shareholders' equity (deficit)			856,096
As Reported | ASU 2016-09
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cost of revenues (exclusive of depreciation and amortization expenses)			28,562
Selling, general and administrative expenses			32,095
Total operating expenses			224,628
Operating income (loss)			(175,179)
Income (loss) before income taxes and non-controlling interests			(174,900)
Net income (loss)			(173,912)
Net income (loss) attributable to non-controlling interests			(51,100)
Net Income (Loss) Attributable to Parent			(122,812)
Retained earnings (accumulated deficit)			183,876
Total shareholders' equity (deficit) attributable to Evolent Health, Inc.			541,524
Non-controlling interests			234,138
Total equity (deficit)			775,662
Total liabilities and shareholders' equity (deficit)			856,463
Adjustments | ASU 2016-09
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cost of revenues (exclusive of depreciation and amortization expenses)			104
Selling, general and administrative expenses			263
Total operating expenses			367
Operating income (loss)			(367)
Income (loss) before income taxes and non-controlling interests			(367)
Net income (loss)			(367)
Net income (loss) attributable to non-controlling interests			(110)
Net Income (Loss) Attributable to Parent			(257)
Retained earnings (accumulated deficit)			(257)
Total shareholders' equity (deficit) attributable to Evolent Health, Inc.			(257)
Non-controlling interests			(110)
Total equity (deficit)			(367)
Total liabilities and shareholders' equity (deficit)			(367)
Adjustments | ASU 2016-09 | Non-controlling Interests
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Retained earnings (accumulated deficit)			100
Adjustments | Cumulative-effect Adjustment
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Retained earnings (accumulated deficit)							$ 500
Adjustments | Share-based Award Forfeitures Policy
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Retained earnings (accumulated deficit)			$ 100
[1]	Amounts related to affiliates included above are as follows (see Note 15)

Acquisitions and Business Com38

Acquisitions and Business Combinations - Passport (Details) beneficiary in Thousands, shares in Millions	Feb. 01, 2016USD ($)beneficiaryshares	Jun. 30, 2016USD ($)	Jun. 30, 2016USD ($)	Dec. 31, 2015USD ($)	Jun. 05, 2015USD ($)
Business Acquisition [Line Items]
Goodwill		$ 459,703,000	$ 459,703,000	$ 608,903,000	$ 608,900,000
Passport
Business Acquisition [Line Items]
Number of Medicaid and Medicare Advantage beneficiaries (over) | beneficiary	280
Contingent consideration (up to)	$ 10,000,000
Term of health plan management and managed care services arrangement	10 years
Consideration transferred	$ 18,200,000
Equity interests transferred, value	10,500,000
Contingent liability	7,800,000
Purchase price	18,200,000
Less amount allocated to prepaid asset	6,900,000
Goodwill	$ 11,300,000
Net income (loss)		9,700,000	16,100,000
Revenue		$ (1,000,000)	$ (1,400,000)
Passport | Common Stock | Class A
Business Acquisition [Line Items]
Stock issued for the purchase of assets (in shares) | shares	1.1

Acquisitions and Business Com39

Acquisitions and Business Combinations - Offering Reorganization (Details) $ / shares in Units, $ in Thousands	Jun. 05, 2015classvoteshares	Jun. 30, 2016USD ($)$ / shares	Dec. 31, 2015USD ($)	Jun. 30, 2015USD ($)$ / shares	Jun. 30, 2016USD ($)$ / sharesshares	Jun. 30, 2015USD ($)$ / shares	Dec. 31, 2015USD ($)shares	Dec. 31, 2014USD ($)
Business Acquisition [Line Items]
Number of classes of stock | class	2
Adjustment for removal of transaction costs							$ (1,200)	$ 1,200
Revenue		$ 56,518		$ 44,676	$ 109,160	$ 89,826
Net income (loss)		(11,999)		(30,886)	(184,031)	(45,481)
Net income (loss) attributable to noncontrolling interest		(3,612)		(11,828)	(53,845)	(17,930)
Net income (loss) attributable to Evolent Health, Inc.		$ (8,387)		$ (19,058)	$ (130,186)	$ (27,551)
Net income (loss) available to common shareholders, basic (in dollars per share) | $ / shares		$ (0.20)		$ (0.61)	$ (3.06)	$ (0.94)
Net income (loss) available to common shareholders, diluted (in dollars per share) | $ / shares		$ (0.20)		$ (0.61)	$ (3.06)	$ (0.94)
Evolent Health LLC
Business Acquisition [Line Items]
Number of classes of stock | class	2
Evolent Health LLC
Business Acquisition [Line Items]
Parent's ownership percentage	70.90%	70.90%			70.90%
Pre-Organization Members | Evolent Health LLC
Business Acquisition [Line Items]
Equity method investment, ownership percentage	100.00%
Passport
Business Acquisition [Line Items]
Adjustment for removal of transaction costs			$ (200)		$ (200)	$ 200
Class A
Business Acquisition [Line Items]
Number of votes per share of common stock | vote	1
Class A | Common Stock
Business Acquisition [Line Items]
Issuance of common stock for business combinations, shares | shares	2,100,000				1,067,000		2,051,000
Class A | Evolent Health Holdings, Inc. Merger
Business Acquisition [Line Items]
Number of shares receivable to shareholders of acquired company per common stock share held | shares	4
Class A | Affiliate of TPG Merger | Texas Pacific Group
Business Acquisition [Line Items]
Percent of common stock held in affiliate exchanged for shares of common stock and payments under tax receivables agreement	100.00%

Acquisitions and Business Com40

Acquisitions and Business Combinations - Vestica (Details) - USD ($) $ in Thousands	Mar. 01, 2016	Jun. 30, 2016	Jun. 30, 2015
Business Acquisition [Line Items]
Cash paid in connection with business combinations		$ 14,500	$ 0
Vestica
Business Acquisition [Line Items]
Cash paid in connection with business combinations	$ 7,500
Contingent liability	4,000
Vestica | Customer relationships
Business Acquisition [Line Items]
Consideration transferred	$ 7,500
Useful life	13 years

Investments - Investment Summar

Investments - Investment Summary (Details) - Level 2 - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Schedule of Held-to-maturity Securities [Line Items]
Investments, Amortized Costs	$ 51,784	$ 54,063
Gross Unrealized Gains	259	225
Gross Unrealized Losses	3	261
Fair Value	52,040	54,027
U.S. Treasury bills
Schedule of Held-to-maturity Securities [Line Items]
Investments, Amortized Costs	28,213	28,306
Gross Unrealized Gains	139	115
Gross Unrealized Losses	0	181
Fair Value	28,352	28,240
Corporate bonds
Schedule of Held-to-maturity Securities [Line Items]
Investments, Amortized Costs	23,571	25,757
Gross Unrealized Gains	120	110
Gross Unrealized Losses	3	80
Fair Value	$ 23,688	$ 25,787

Investments - Contractual Matur

Investments - Contractual Maturity (Details) $ in Thousands	Jun. 30, 2016USD ($)security	Dec. 31, 2015USD ($)
Schedule of Held-to-maturity Securities [Line Items]
Aggregate fair value of securities in an unrealized loss position for less than 12 months	$ 8,800	$ 49,900
Corporate bonds
Schedule of Held-to-maturity Securities [Line Items]
Number of positions in an unrealized loss position for less than 12 months | security	5
Level 2
Schedule of Held-to-maturity Securities [Line Items]
Due in one year or less, Amortized Cost	$ 27,577	9,445
Due in one year or less, Fair Value	27,697	9,451
Due after one year through five years, Amortized Cost	24,207	44,618
Due after one year through five years, Fair Value	24,343	44,576
Investments, Amortized Costs	51,784	54,063
Investments, Fair Value	52,040	54,027
Level 2 | Corporate bonds
Schedule of Held-to-maturity Securities [Line Items]
Investments, Amortized Costs	23,571	25,757
Investments, Fair Value	$ 23,688	$ 25,787

Property and Equipment, Net (De

Property and Equipment, Net (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015	May 31, 2015
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 21,191,000		$ 21,191,000		$ 14,029,000
Accumulated depreciation and amortization	(2,723,000)		(2,723,000)		(1,233,000)
Total property and equipment, net	18,468,000		18,468,000		12,796,000	$ 0
Depreciation expense	800,000	$ 200,000	1,500,000	$ 200,000
Capitalized computer software, amortization (less than 0.1 million)	300,000	100,000	500,000	100,000
Computer hardware
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	251,000		251,000		232,000
Furniture and equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	1,604,000		1,604,000		1,604,000
Internal-use Software Development Costs
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	13,506,000		13,506,000		6,363,000
Total property and equipment, net	13,000,000		13,000,000		6,300,000
Capitalized computer software additions	3,700,000	$ 1,000,000	7,100,000	$ 1,000,000
Leasehold Improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 5,830,000		$ 5,830,000		$ 5,830,000

Goodwill and Intangible Asset44

Goodwill and Intangible Assets, Net (Details) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015	Mar. 31, 2016	Sep. 30, 2015	Jun. 05, 2015	May 31, 2015
Finite-Lived Intangible Assets [Line Items]
Goodwill	$ 459,703,000		$ 459,703,000		$ 608,903,000			$ 608,900,000
Share price (in usd per share)					$ 14.73	$ 10.33	$ 19.51
Goodwill impairment	0	$ 0	160,600,000	$ 0
Gross Carrying Amount	176,500,000		176,500,000		$ 169,000,000
Accumulated Amortization	11,058,000		11,058,000		5,848,000
Net Carrying Amount	165,442,000		165,442,000		$ 163,152,000				$ 0
Amortization of intangible assets	2,600,000	$ 800,000	$ 5,200,000	$ 800,000
Corporate trade name
Finite-Lived Intangible Assets [Line Items]
Weighted-Average Remaining Useful Life			18 years 11 months		19 years 4 months 26 days
Gross Carrying Amount	19,000,000		$ 19,000,000		$ 19,000,000
Accumulated Amortization	1,029,000		1,029,000		554,000
Net Carrying Amount	17,971,000		$ 17,971,000		$ 18,446,000
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Weighted-Average Remaining Useful Life			23 years 3 months 1 day		24 years 4 months 26 days
Gross Carrying Amount	127,500,000		$ 127,500,000		$ 120,000,000
Accumulated Amortization	5,389,000		5,389,000		2,797,000
Net Carrying Amount	122,111,000		$ 122,111,000		$ 117,203,000
Acquired intangible assets						$ 7,500,000
Technology
Finite-Lived Intangible Assets [Line Items]
Weighted-Average Remaining Useful Life			5 years 10 months 30 days		6 years 4 months 26 days
Gross Carrying Amount	30,000,000		$ 30,000,000		$ 30,000,000
Accumulated Amortization	4,640,000		4,640,000		2,497,000
Net Carrying Amount	$ 25,360,000		$ 25,360,000		$ 27,503,000
Minimum
Finite-Lived Intangible Assets [Line Items]
Share price (in usd per share)						$ 8.48
Maximum
Finite-Lived Intangible Assets [Line Items]
Share price (in usd per share)						$ 12.32
Common Stock | Class A
Finite-Lived Intangible Assets [Line Items]
Share price (in usd per share)								$ 17

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Restricted Cash and Cash Equivalents Items [Line Items]
Tax receivables agreement, percent of tax savings to be paid	85.00%		85.00%
Restricted funds	$ 3,784		$ 3,784		$ 6,285
Rent expense	1,100	$ 400	2,200	$ 400
Money market funds	83,400		83,400
Letters of credit for facility leases
Restricted Cash and Cash Equivalents Items [Line Items]
Restricted funds	2,516		2,516		$ 3,710
Minimum | Letters of credit for facility leases
Restricted Cash and Cash Equivalents Items [Line Items]
Letters of credit outstanding, minimum	$ 2,500		$ 2,500

Commitments and Contingencies46

Commitments and Contingencies - Concentration Risk (Details) - Customer Concentration Risk	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Customer A | Revenue
Concentration Risk [Line Items]
Concentration risk	17.10%		15.10%
Customer B | Revenue
Concentration Risk [Line Items]
Concentration risk	16.20%	17.30%	17.20%	17.30%
Customer B | Accounts Receivable | Customer Receivable
Concentration Risk [Line Items]
Concentration risk			10.60%		12.90%
Customer C | Revenue
Concentration Risk [Line Items]
Concentration risk	15.50%	11.40%	14.90%	11.40%
Customer C | Accounts Receivable | Customer Receivable
Concentration Risk [Line Items]
Concentration risk			18.70%
Customer D | Revenue
Concentration Risk [Line Items]
Concentration risk		10.20%		10.20%
Customer D | Accounts Receivable | Customer Receivable
Concentration Risk [Line Items]
Concentration risk					11.40%
Customer E | Revenue
Concentration Risk [Line Items]
Concentration risk		10.60%		10.60%
Customer E | Accounts Receivable | Customer Receivable
Concentration Risk [Line Items]
Concentration risk			38.60%		28.10%
Customer F | Revenue
Concentration Risk [Line Items]
Concentration risk		16.20%		16.20%
Customer F | Accounts Receivable | Customer Receivable
Concentration Risk [Line Items]
Concentration risk					23.20%
Customer G | Revenue
Concentration Risk [Line Items]
Concentration risk		15.40%		15.40%

Earnings (Loss) Per Common Sh47

Earnings (Loss) Per Common Share - Computation of Earnings per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Net income (loss)	$ (11,999)	$ 356,488	$ (186,278)	$ 345,169
Less:
Net income (loss) attributable to non-controlling interests	(3,612)	(3,424)	(54,822)	(3,424)
Undeclared cumulative preferred dividends	0	894	0	2,184
Net income (loss) available for common shareholders	(8,387)	359,018	(131,456)	346,409
Add:
Net income (loss) attributable to non-controlling interests	0	(3,424)	0	(3,424)
Undeclared cumulative preferred dividends converted during the period	0	894	0	2,184
Net income (loss) available for common shareholders - Diluted	$ (8,387)	$ 356,488	$ (131,456)	$ 345,169
Weighted-average common shares outstanding	42,594,000	13,976,000	42,390,000	8,513,000
Assumed conversion of convertible preferred stock at beginning-of-period (in shares)	0	15,806,000	0	18,949,000
Assumed conversion of Class B common shares to Class A common shares (in shares)	0	5,007,000	0	2,517,000
Weighted-average common shares outstanding - Diluted	42,594,000	36,643,000	42,390,000	31,488,000
Earnings (Loss) per Common Share
Basic (in dollars per share)	$ (0.20)	$ 25.69	$ (3.10)	$ 40.69
Diluted (in dollars per share)	$ (0.20)	$ 9.73	$ (3.10)	$ 10.96
Class B Common Stock
Earnings (Loss) per Common Share
Convertible preferred stock, shares issued upon conversion (in shares)	1		1
Stock options
Add:
Dilutive effect of options (in shares)	0	1,854,000	0	1,509,000

Earnings (Loss) Per Common Sh48

Earnings (Loss) Per Common Share - Antidilutive Securities (Details) - shares shares in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Number of antidilutive securities excluded from the calculation of earning per share (in shares)	19,036	0	18,514	0
Exchangeable Class B Common Stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Number of antidilutive securities excluded from the calculation of earning per share (in shares)	17,525	0	17,525	0
Restricted stock and restricted stock units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Number of antidilutive securities excluded from the calculation of earning per share (in shares)	158	0	85	0
Options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Number of antidilutive securities excluded from the calculation of earning per share (in shares)	1,353	0	904	0

Stock-based Compensation - Comp

Stock-based Compensation - Compensation Expense (Details) - USD ($)	3 Months Ended			6 Months Ended
	Jun. 30, 2016	Mar. 31, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Share-based compensation expense	$ 4,709,000		$ 6,154,000	$ 9,513,000	$ 6,154,000
Share-based compensation expense capitalized as software development costs (less than $0.1 million - June 30, 2015)	0		100,000	0	100,000
Adjustments | ASU 2016-09
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Share-based compensation expense		$ 400,000
Cost of revenue
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Share-based compensation expense	406,000		409,000	905,000	409,000
Selling, general and administrative expenses
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Share-based compensation expense	4,303,000		5,745,000	8,608,000	5,745,000
Stock options
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Share-based compensation expense	4,044,000		1,166,000	8,341,000	1,166,000
Restricted stock
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Share-based compensation expense	0		4,875,000	0	4,875,000
Restricted stock units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Share-based compensation expense	$ 665,000		$ 113,000	$ 1,172,000	$ 113,000

Stock-based Compensation - Awar

Stock-based Compensation - Awards Granted (Details) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based awards granted (in shares)	42,870	803,243	1,167,770	1,789,243
Restricted stock units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based awards granted (in shares)	27,618	318,336	413,331	318,336

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Provision (benefit) for income taxes	$ (371)	$ 29,273	$ (1,359)	$ 29,273
Effective tax rate	3.00%	7.60%	0.70%	7.80%
Book and tax basis difference expected to reverse outside of carryforward period					$ 6,200
Current income tax expense (benefit)			$ (400)
Tax receivables agreement, percent of tax savings to be paid	85.00%		85.00%

Investments In and Advances t52

Investments In and Advances to Affiliates (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Schedule of Equity Method Investments [Line Items]
Proportionate share of losses	$ (14)	$ (16,846)	$ (14)	$ (28,165)
Revenue related to long-term services agreement (less than $0.1 million)	100		100
GPAC
Schedule of Equity Method Investments [Line Items]
Equity method investment, cost	$ 3,000		$ 3,000
Economic interest percentage	27.00%		27.00%
Equity method investment, ownership percentage	28.00%		28.00%
Proportionate share of losses	$ 100		$ 100
Evolent Health LLC
Schedule of Equity Method Investments [Line Items]
Proportionate share of losses		16,800		28,200
Amortization of basis differential		$ 300		$ 800
Class B | GPAC
Schedule of Equity Method Investments [Line Items]
Equity method investment, shares acquired	21,429

Investments In and Advances t53

Investments In and Advances to Affiliates - Summarized Financial Information (Details) - Evolent Health LLC - USD ($) $ in Thousands	2 Months Ended	5 Months Ended
	Jun. 03, 2015	Jun. 03, 2015
Schedule of Equity Method Investments [Line Items]
Total revenue	$ 24,774	$ 61,814
Cost of revenue (exclusive of depreciation and amortization)	18,385	44,839
Gross profit	6,389	16,975
Operating income (loss)	(24,771)	(44,119)
Net income (loss)	$ (24,764)	$ (44,079)

Non-controlling Interests (Deta

Non-controlling Interests (Details) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended		12 Months Ended
	Jun. 30, 2016	Mar. 31, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015	Jun. 05, 2015
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Non-controlling interests as of beginning-of-period		$ 285,238		$ 285,238
Net income (loss) attributable to non-controlling interests	$ (3,612)		$ (3,424)	(54,822)	$ (3,424)
Non-controlling interests as of end-of-period	230,416			230,416		$ 285,238
Non-controlling Interests
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Non-controlling interests as of beginning-of-period	234,028	285,238	0	285,238	0	0
Increase in non-controlling interests as a result of the Offering Reorganization	0		332,793	0	332,793
Decrease in non-controlling interests as a result of the merger of the TPG affiliate with and into Evolent Health, Inc.	0		(34,875)	0	(34,875)
Net income (loss) attributable to non-controlling interests			(3,424)	(54,822)	(3,424)	(12,680)
Non-controlling interests as of end-of-period	$ 230,416	$ 234,028	$ 294,494	$ 230,416	$ 294,494	$ 285,238
Evolent Health LLC
Noncontrolling Interest [Line Items]
Parent's ownership percentage	70.90%			70.90%			70.90%

Fair Value Measurement - Assets

Fair Value Measurement - Assets and Liabilities on Recurring Basis (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Level 2
Assets
Held-to-maturity investments	$ 52,040	$ 54,027
Recurring
Assets
Cash and cash equivalents	83,420	122,328
Total	135,460	176,355
Liabilities
Contingent consideration	7,766
Total	7,766
Recurring | U.S. Treasury bills
Assets
Held-to-maturity investments	28,352	28,240
Recurring | Corporate bonds
Assets
Held-to-maturity investments	23,688	25,787
Recurring | Level 1
Assets
Cash and cash equivalents	83,420	122,328
Total	83,420	122,328
Liabilities
Contingent consideration	0
Total	0
Recurring | Level 1 | U.S. Treasury bills
Assets
Held-to-maturity investments	0	0
Recurring | Level 1 | Corporate bonds
Assets
Held-to-maturity investments	0	0
Recurring | Level 2
Assets
Cash and cash equivalents	0	0
Total	52,040	54,027
Liabilities
Contingent consideration	0
Total	0
Recurring | Level 2 | U.S. Treasury bills
Assets
Held-to-maturity investments	28,352	28,240
Recurring | Level 2 | Corporate bonds
Assets
Held-to-maturity investments	23,688	25,787
Recurring | Level 3
Assets
Cash and cash equivalents	0	0
Total	0	0
Liabilities
Contingent consideration	7,766
Total	7,766
Recurring | Level 3 | U.S. Treasury bills
Assets
Held-to-maturity investments	0	0
Recurring | Level 3 | Corporate bonds
Assets
Held-to-maturity investments	$ 0	$ 0

Fair Value Measurement - Change

Fair Value Measurement - Changes in Contingent Consideration (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Mar. 31, 2016
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance as of beginning of period	$ 0
Additions	7,766
Balance as of end of period	7,766
Contingent consideration, liability, fair value	$ 0	$ 7,766

Fair Value Measurement - Valuat

Fair Value Measurement - Valuation Techniques and Significant Unobservable Inputs (Details) - Contingent consideration - Real options approach - Level 3 $ in Thousands	6 Months Ended
	Jun. 30, 2016USD ($)
Fair Value Inputs, Liabilities, Quantitative Information [Line Items]
Liabilities, at fair value	$ 7,766
Minimum
Fair Value Inputs, Liabilities, Quantitative Information [Line Items]
Risk-adjusted expected growth rates	22.80%
Discount rate/time value	3.40%
Maximum
Fair Value Inputs, Liabilities, Quantitative Information [Line Items]
Risk-adjusted expected growth rates	282.20%
Discount rate/time value	5.60%

Related Parties (Details)

Related Parties (Details)	Jun. 30, 2016partner
Related Party Transactions [Abstract]
Number of partners holding equity interest	1

Subsequent Events (Details)

Subsequent Events (Details) - USD ($) $ in Thousands	Jul. 12, 2016	Jun. 30, 2016	Jun. 30, 2015	Jul. 28, 2016
Subsequent Event [Line Items]
Expected cash payments in connection with acquisition		$ 14,500	$ 0
Subsequent Event | Class A
Subsequent Event [Line Items]
Resale agreements, possible resale (in shares)				44,028,589
Subsequent Event | Scenario, Forecast | Valence Health
Subsequent Event [Line Items]
Contingent earn-out payment (up to)	$ 50,000
Equity interest issued or issuable, number of shares (limited to)	3,900,000
Subsequent Event | Scenario, Forecast | Valence Health | Minimum
Subsequent Event [Line Items]
Consideration expected to be transferred	$ 142,800
Consideration expected to be transferred (in shares)	5,300,000
Expected cash payments in connection with acquisition	$ 35,000
Subsequent Event | Scenario, Forecast | Valence Health | Maximum
Subsequent Event [Line Items]
Consideration expected to be transferred	$ 144,100
Consideration expected to be transferred (in shares)	5,800,000
Expected cash payments in connection with acquisition	$ 44,000