Evolent Health (EVH) went public on the New York Stock Exchange Friday and the company’s CEO told TheStreet he sees big opportunities for growth. Evolent Health is a healthcare software company, which describes itself as a provider of ‘integrated technology, tools and team to advance value-based care.’ CEO Frank Williams told TheStreet ‘if you think about healthcare in the United States, it costs too much and we’re not getting value from the dollar that we’re spending. So we’re working with providers that want to change the model.’ He added that Evolent ‘provides technology, knowledge and people to work with health care providers to come up with a new model of care.’ He said when it comes to healthcare, technology itself is not going to transform the system, but that providers also need knowledge and expertise to help on that front. The company has grown to over $100 million in revenue over the last couple of years, and he sees a $50 billion market opportunity. Williams said he’s committed to a minimum 30% long term growth rate.
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