Thank Johnson, and you, Evolent of I’m I’m of evening. Vice Executive and joined Corporate Williams, Chief Officer Executive President Performance. our Frank Chief and McGrane, our good by Financial John Health; Nicky Officer;
of open as summary and a the summary call. evening our for providers, market of John and the I’ll financial hand us quarter. serving on our questions we’ll review brief payers at detailed with to pipeline call recent financial more as take this and a of end update to take I’ll leading through of be the with close it market, the current a as third the on strategic both key happy position, year the priorities Evolent’s progress an results ahead. I’ll to well then our always,
for increased the to ended September September results, from XX, comparable to $XXX.X XX.X% XX, ended million XXXX. of XX, for EBITDA our September compared quarter quarter $X.X of quarter the terms quarter $X.X the the was XXXX, total million ended Adjusted million the adjusted year. for prior revenue In XXXX,
lives to new XXXX, Maryland on million we network this seven the year. national had the platform Evolent approximately Care September with total partners addition of the X.X and welcomed Physicians of XX, this As we’ve quarter,
pleased objectives quite third for we’re strategic progress quarter meeting key for and line results Overall, bottom we’ve XXXX. our made and our the with and the top
strong which consistent delivering experiencing performance result same-store operationally, for the and is financially partners. We’re growth, our of clinically improvement
terms to In new a business, see environment pipeline, a diverse with and demand. business of a thanks evolved we’re macro and solutions of to compelling continuing portfolio have new successfully market that deep
into the provides growth head of expansion this of the we new visibility level As of partnerships for high us with year, top a XXXX. end as combination come momentum line into we and cross-sell margin and
Turning payment macro be increased networking, there governmental to a and value. on narrow growth slowing to payers improved is pressure competition driving from that broad innovation, healthcare clinical providers environment, and with continues healthcare anything, greater managed cost If for arrangements the the alternative outcomes focus both creating drive driven consumer with to patients. look for and urgency care
based both in new payers and don’t risk whole the patient a management over and managed model region health payers integrated systems an utilization geographic with care versus a tend oriented to approach support large population claims to and care focus. data a providers focus is that and also models primary and Medicaid to Medicare rapidly managed moving delegating challenge care government The specialty are The payment models. significant have and generally
and payers cost a sub-optimal This at clinical ultimately care matters. leads outcomes cost where total to and friction providers and tension between time, of
transfer facilitate Evolent’s drives successful efficiency, As a clinical and and and risk approach between platform payers bridge value integrated and financial ultimately administrative providers, results.
that more only to we drive but value-based As care working the providers. achieved offer clinical value differentiated somewhat in not a also industry, industry managed care the through that we’re unique the result, in capabilities and effectively market, with
already million payers underwriting $XXX regional lives risk. and in and of under XXX over billion some Given collect the form premiums have national
We large today new value pace isn’t that to based of on care the dependent simply market serve have a models.
in As providers. we’ve year, three offerings discussed primary over comes life our to and to course of payers the the differentiation
to positioned to healthcare side services, uniquely help Health of which is simplify First is administrative Evolent the operations.
For years, have process resulted excess for payers services. systems with claims payment outdated to like legacy costs, regional administrative models. efficiency, payment innovate member This inability management, integrity, dissatisfaction, an has critical utilization management, and struggled in function and and
in administrative clinical service well that new payers and and estimate operations experience with support to market regional data, would and that the providing of systems and providers and regional scale programs these interventions, align been to in Moreover, platform level to stratification, of our outstanding an We typically outcomes. in members. is this integration not streamlining result clinical, need unique proliferation is operational delayed risk and highly core poor which have with market clinical us positions more strategies. suboptimal their growing infrastructure integrated can in this The growth the sophisticated plans support
variation cost high variation points for payers. performance. of second unique to crippling Our current ability Medicare clinical and are as alone cost creating regional specialty inside emerging cardiovascular outcomes. there’s Pace are protocols, Century in limited drug for of total to care with New spend of and is clinical Health and national, care manage Cancer payers major to correlation governmental effectively financial development, overall represent trends together through more service our pain differentiator approximately XX%
management and solution New unique analytics, innovative specialist-to-specialist of care medical offers engagement, Century’s deep pathway in trend a and outcomes. data clinical suboptimal address expertise rising development to for total
to is of for portion spend We model. oncology also significant and believe our Medicare that and a currently governmental cardiology, an catalyst bundled well-suited policy business will be additional a represent this
for can translated that more specialty be to other areas the Lastly, a knowledge solution and payers. allow integrated for approach base
provider proactively of approach. area populations lower engaged manage solution of launch population driven, to interventions total the third and costs. The and a clinical drive reducing quality we’ve clinically is in-depth improved focused in based data highly patient and cost sophisticated health leveraged care Since Evolent, through physicians on significantly
our respectively, to continue Advantage have programs and to develop In XX% pathways year. and new partners helped complex clinical total we alone, decrease expense care medical when transition and for Medicare interventions we additional performance significant hospitalizations by our market our XX% a in recently, of deliver clinical add position financial where performance. and groups platform high number can to and we Most leading leverage focused identifying lives on every markets,
catalyst physician market as total This is The an all, the to and All recently has existing value-based serve evolution, emerging breadth to change. our three segment. geographies. insulate introduced programs footprint well ACO the risk-based diversification excited multiple areas by excellent our as an in CMS of addressable diversifies doubled and also expand market to the we’re of because from our solution include transformation expansion regulatory increasingly care the network target than business and more market the as industry expect important the pace this care we managed market, to for
our As efficiency, and results platform risk facilitates payers drives I transfer and value differentiated previously, clinical providers. financial and mentioned ultimately integrated administrative for both
partner new partners we’ve I all seven segments across the year welcomed the that three new this just of On front, outlined.
Medicaid to care Physicians Maryland announce that program. This services the quarter, to Maryland I’m healthcare managed administers partnership Care, organization XXX,XXX HealthChoice enrolled in beneficiaries MCO, a excited over a with
member plan and MPC and regarded has quality an for provider highly own is satisfaction. outstanding clinical reputation a
member Evolent plan through Medicaid UM, integrity. portals, claims with including begin MPC’s deployment processing, XXXX. support risk services, slated to analytics, adjustment identified operations the will in ongoing a will in care launch full platform process and implementation and of wide management, this of payment health the the month We MPC January range operations
drive health our a partnership will its example be believe a integrated outcomes improved enhanced help can members. platform how care an perfect We organization experience plan managed of and clinical services this and for regional
seven several new opportunities the portfolio across to continue next likely we solutions quarters. with the a partners year, strong to this close Beyond pipeline of several we’ve welcomed our see in
same-store of Switching gears we’re expanding the existing populations The our our Evolent growth on in and of history. are midst company the sell several cross cycles the partners network in opportunity, services new platform. one to largest and
months in over went and health is for across that and We services the XXX,XXX outcomes contract addition oncology This we with cardiovascular the Illinois and on NCH’s market for serves membership include: we’ll of to last of several improve care and highlights contribute fourth and line the significantly live adult portion across in Few members. the MCO CountyCare’s QX services first, opportunity a CountyCare specialty XXXX. plan us as meaningfully late ramps. opportunity to up this quarter bottom be the expect ramping important an and to into top our the
good Century Passport of we August start in Health off Second, launched management XXX,XXX cardiovascular oncology improvements a subset a services to significant and driving members. the in New and plans for are in at
the up We expect and running at new quarter. be to Passport fourth fully contract sometime during this
contracted to to operation comprehensive plans. are Advantage clinical partners Third, space XXXX Medicare and in and both is entering formally support two the Evolent our services administrative the of of provide
recently we’re ACO governmental expansion builds clinical and several entry or announced programs, in in experience strong the new outcomes new significant which and supporting payment driving on accumulated Lastly, partners financial models. Evolent some and of
the model In consistent of addition, confidence I touched vote ability This sell by and strong an results. cross renewal partner partnership represented environment. deliver encouraged exciting our opportunities we’re our on to a and in in
a about and of for same-store momentum year. strong as us a our year this environment, start outlook to renewal combination growth good revenue of partner the think give additions all, we in total All considerable next seven
Since Plan. progress an to efficiency, the Passport, update driving and in place performance, like improving on it made CEO of beginning the financial we’ve network experience and to service the the turn worked at I in year, I’d Plan. including Bowers, driving our before for happy strong partner hand Lastly, operational over Scott hand aggressive and give an outcomes Health clinical team that leadership the report Health to administrative members. with new for we’ve a Passport meaningful agenda John, optimizing put I’m to
progress seen operating to quarter. posting point operating margin a XX a X.X% RFP, Passport As the in third turnaround in of any notification in the we near from has and to team of improvement ongoing receive of do, a have term. information we we in Medicaid still positive metrics, anticipate but Commonwealth work the its But a a Lots Commonwealth status significant the result, performance. including core drive will strong on place new margins, in the don’t great Kentucky’s
of we XXXX is approximately new XXXX XXXX. that at XXXX than in a of the date signings services June, Passport services we and the in growth beyond activities in Passport’s sell Given cross anticipate RFP, not In XX%. strength XX%. contract least wins If renewed growth in the anticipate event
to I’ll overview, John to about and remainder year. our the outlook the it of turn on our That financial performance over speak quarter for the
