News

Atrial fibrillation (AFib) is on the rise among U.S. seniors; Early detection in the home can help mitigate symptoms and more severe complications

COLUMBUS, Ohio and WOONSOCKET, R.I. JANUARY 25, 2024 – The Ohio State University Wexner Medical Center  and CVS Accountable Care , part of CVS Health® (NYSE: CVS ), today announced the creation of an accountable care organization (ACO) to improve the quality of care for Medicare beneficiaries by Ohio State providers in central Ohio. This coordinated approach to delivering care is centered around each patient’s unique needs and emphasizes preventive wellness and proactive treatment of chronic conditions. 

• U.S. company collaborates with University of Galway on new case study for business syllabus
• Case study was also piloted at WU Vienna
• Opportunity for students to analyse company’s strategy of looking abroad to scale up operations

A case study examining the business strategy behind Signify Health’s decision to open its first overseas hub in Galway is to become part of the syllabus for students based in third-level institutions around the globe.

The Centers for Medicare & Medicaid Services (CMS) wants to move healthcare providers toward value-based care, as do private payers. Home-based care providers have begun to adjust accordingly. Read the full story at Home Health Care News.

The expanded offering supports the early diagnosis and management of Chronic Kidney Disease (CKD), impacting an estimated 37 million U.S. adults, many undiagnosed

From left to right: Irish Minister for Disability Anne Rabbitte, Signify Health CTO Josh Builder, Signify Health CEO Kyle Armbrester, CEO of IDA Ireland Michael Lohan, and Signify Health VP and Ireland Site Lead Elaine Murphy.

● Campus designed from scratch as a hybrid workplace
● More than 60 highly skilled employees have already been hired

DALLAS, TEXAS and GALWAY, IRELAND – Signify Health – June 20^th 2023

 Combined companies will deliver a superior health care experience and drive improved health outcomes 

WOONSOCKET, R.I., DALLAS and NEW YORK, March 27, 2023 — CVS Health^® (NYSE: CVS) today announced it expects to complete its acquisition of Signify Health (NYSE: SGFY) on or around March 29, 2023, subject to the satisfaction or waiver of the remaining customary closing conditions set forth in the merger agreement.

DUBLIN, Ohio — March 6, 2023 — Cardinal Health (NYSE:CAH) today announced its collaboration with Signify Health (NYSE:SGFY) to offer in-home clinical and medication management services through its Outcomes™ business. This collaboration will help reduce costs and eliminate gaps in care for more than 2.3 million members nationwide to support their treatment journey from prescription to pharmacy to home.

Through this new program, Signify Health aims to create a sustainable pathway for rural providers and FQHCs to participate in Medicare value-based payment programs

Prospect’s facilities, Eastern Connecticut Health Network (ECHN) and Waterbury HEALTH, and affiliated providers in Connecticut to participate in a Signify Health-supported ACO designed to achieve superior patient outcomes and success in managing total costs

Ardent transitions from the BPCI-A program to join a 2023 Signify Health-supported ACO designed to achieve superior patient outcomes and success in managing total costs

The expanded offering aims to increase access to screenings and preventive care to address
leading causes of morbidity and mortality among Medicare members

MercyOne’s Population Health Services Organization will join a 2023 Signify Health-supported
accountable care organization to improve patient outcomes and manage total costs

Clive, Iowa/Dallas, Texas; September 26, 2022 – MercyOne, a leading health system serving patients in Iowa, announced today it has signed an agreement to participate in a 2023 accountable care organization (ACO) with Signify Health, Inc., a leading health care platform that leverages advanced analytics, technology and nationwide health care networks to create and power value-based payment programs. The 2023 Signify-enabled accountable care organization (ACO) will support MercyOne’s Population Health Services Organization (PHSO) rural providers in their transition to risk-based payment arrangements and better
manage total cost of care for Iowa Medicare patients.

MercyOne PHSO, which currently operates as a clinically-integrated network, will use Signify Health’s unique population health methodologies, in-home services, data and technology infrastructure to advance in value-based care in rural Iowa. MercyOne will work with independent providers in a Signify-supported collaborative ACO to minimize the statistical variance of savings and losses smaller ACOs may experience and protect against risk.

“MercyOne PHSO providers are committed to providing high quality health care and improving cost savings by advancing value-based care,” said Derek Novak, MercyOne PHSO president. “Signify Health is a trusted collaborator that will help us continue to prepare our rural partners for risk-based payment.”

Signify Health supports one of the largest networks of at-risk providers and offers one comprehensive platform to manage total cost of care. In 2020 and 2021, 100% of Signify Health’s collaborative ACO participants earned shared savings.

“Signify Health’s proven methodology delivers the benefits of strong population health to communities and hospitals ready for transformation,” said Tim Gronniger, chief of value-based care solutions at Signify Health. “We are looking forward to helping MercyOne provide the highest quality health care to Iowa patients.”

About MercyOne

MercyOne is a connected system of health care facilities and services dedicated to helping people and communities live their best life. MercyOne’s care providers and staff make health the highest priority. The system’s clinics, medical centers, hospitals and affiliates are located throughout the state of Iowa and beyond. Headquartered in central Iowa, MercyOne was founded in 1998 through a collaboration between CommonSpirit Health and Trinity Health – two of the country’s foremost, not-for-profit Catholic health organizations.

About Signify Health

Signify Health (NYSE: SGFY) is a leading healthcare platform that leverages advanced analytics, technology, and nationwide healthcare provider networks to create and power value-based payment programs. Our mission is to build trusted relationships to make people healthier. Our solutions support value-based payment programs by aligning financial incentives around outcomes, providing tools to health plans and healthcare organizations designed to assess and manage risk and identify actionable opportunities for improved patient outcomes, coordination and cost-savings. Through our platform, we coordinate what we believe is a holistic suite of clinical, social, and behavioral services to address an individual’s healthcare needs and prevent adverse events that drive excess cost, all while shifting services towards the home.

Certification supports Signify Health’s expanded in-home diagnostic and preventive screenings for at-risk health plan members

WOONSOCKET, R.I., DALLAS and NEW YORK, Sept. 5, 2022 — CVS Health® (NYSE:CVS) and Signify Health (NYSE: SGFY) (“Signify”) have entered into a definitive agreement under which CVS Health will acquire Signify Health for $30.50 per share in cash, representing a total transaction value of approximately $8 billion.

Signify’s provider partners saved more than $138 million in 2021, and all Collaborative ACOs
earned 100 percent on their Merit-Based Incentive Payment System scores

Signify achieves record ACO sales for 2023, Collaborative ACOs to reach over 700,000
attributed lives in 2023 

DALLAS and NEW YORK – August 30, 2022 – Signify Health, Inc. (NYSE: SGFY), a leading
value-based healthcare platform enabled by advanced analytics, technology, and nationwide
healthcare networks, today announced that its collaborative accountable care organizations
(ACOs) generated more than $138 million in gross savings in 2021. As a result of their strong
performance in the Medicare Shared Savings Program, community hospitals and their affiliated
physicians earned more than $59 million in shared savings payments. The Company also
announced that it has surpassed its target for new ACO bookings in 2023 due to the strong
performance and the combined capabilities of Signify Health and Caravan Health.

“These impressive results confirm what we have learned through many years managing
outcomes-based payment models – our dedicated population health management leads to
quality care while saving money for Medicare,” said Kyle Armbrester, Signify Health CEO. “Our
approach and track record has resonated with our clients, allowing us to achieve record ACO
sales for 2023 and to surpass 700,000 lives under management in 2023, with nearly 70% of
attributed lives expected to be in Enhanced tracks. I’m excited to bring Signify’s in-home
capabilities to these new clients in the coming months.”

Signify Health’s success-based pricing model, with no upfront fees, effectively minimizes
downside risk and has resulted in all Collaborative ACOs earning MIPS scores of 100% and the
maximum positive payment adjustment. MIPS, the Centers for Medicare & Medicaid Services’ value-based measurement program, adjusts Medicare payment rates based on healthcare quality and outcomes.

In 2022, Signify aligned with more than 29,000 providers across more than 40 states,
representing more than 500,000 covered lives. Provider organizations participating in Signify’s
Collaborative ACOs include health systems, integrated delivery networks, rural and community
hospitals, and independent practices. Signify is building on its success with a suite of new
services in 2023, including in-home capabilities, Return to Home to support patient care
transitions, and analytic enhancements to help providers solve patient problems at the point-of-
care.

In March 2022, Signify Health acquired Caravan Health, a leader in guiding ACOs to success
with client results that have historically led the nation in earned shared savings and MIPS
scores. The acquisition resulted in one of the largest national networks of providers engaged in
value-based payment models, with the goal to excel in population health management and
value-based payment programs.

About Signify Health

Signify Health is a leading healthcare platform that leverages advanced analytics, technology,
and nationwide healthcare provider networks to create and power value-based payment
programs. Our mission is to build trusted relationships to make people healthier. Our solutions
support value-based payment programs by aligning financial incentives around outcomes,
providing tools to health plans and healthcare organizations designed to assess and manage
risk and identify actionable opportunities for improved patient outcomes, coordination, and cost-savings. Through our platform, we coordinate what we believe is a holistic suite of clinical,
social, and behavioral services to address an individual’s healthcare needs and prevent adverse
events that drive excess cost, all while shifting services towards the home.

Forward Looking Statements

This press release contains forward-looking statements. All statements other than statements of historical fact included in this press release are forward-looking statements. These statements may be preceded by, followed by or include the words “may,” “might,” “will,” “should,” “expects,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” “potential” or “continue,” the negative of these terms and other comparable terminology. These forward-looking statements, which are subject to risks, uncertainties and assumptions about us, may include projections of our future financial performance, our anticipated growth strategies and anticipated trends in our business. These statements are only predictions based on our current expectations and projections about future events. There are important factors that could cause our actual results, level of activity, performance or achievements to differ materially from the results, level of activity, performance or achievements expressed or implied by the forward-looking statements.

Although we believe the expectations reflected in the forward-looking statements are
reasonable, we cannot guarantee future results, level of activity, performance, achievements or
the number of attributed lives. Moreover, neither we nor any other person assumes
responsibility for the accuracy and completeness of any of these forward-looking statements.
Some of the factors that could cause actual results to differ materially from those expressed or
implied by the forward-looking statements include: our ability to achieve forecasted new ACO
bookings in 2023; our ability to achieve over 700,000 lives under management in 2023;  the
COVID-19 pandemic and whether the pandemic will continue to subside in 2022; our ability to
realize synergies from the acquisition of Caravan Health, Inc.; our dependence on certain key
government programs; risks associated with estimating program size, savings rate and patient
attribution; our failure to continue to innovate and provide services that are useful to customers
and achieve and maintain market acceptance; our limited operating history with certain of our
solutions; our failure to compete effectively; the length and unpredictability of our sales cycle;
seasonality that may cause fluctuations in our sales, cash flows and results of operations; the
information we provide to, or receive from, our health plans and providers could be inaccurate or incomplete; the risk that the cost of services provided will be higher than benchmark prices in
our care redesign solutions;  failure of our existing customers to continue or renew their
contracts with us; failure of service providers to meet their obligations to us; our failure to
achieve or maintain profitability; our revenues not growing at the rates they historically have, or
at all; our failure to successfully execute on our growth initiatives, business strategies, or
operating plans; our failure to successfully launch new products;  our failure to effectively adapt
to changes in the healthcare industry, including changes in the rules governing Medicare or other federal healthcare programs; our failure to adhere to complex and evolving governmental
laws and regulations; our failure to comply with current and future federal and state privacy,
security and data protection laws, regulations or standards;  adverse findings from inspections,
reviews, audits and investigations; inadequate investment in or maintenance of our operating
platform and other information technology and business systems; our ability to develop and/or
enhance information technology systems and platforms to meet our changing customer needs;
higher than expected investments in our business including, but not limited to, investments in
our technology and operating platform, which could reduce our profitability; security breaches or incidents, loss or misuse of data, a failure in or breach of our operational or security systems or other disruptions; disruptions in our disaster recovery systems or management continuity
planning; our ability to obtain, maintain, protect and enforce our intellectual property;  risks
associated with acquiring other businesses including our ability to effectively integrate the
operations and technologies of the acquired businesses;  and the other risk factors described
under “Risk Factors” in our filings with the Securities and Exchange Commission (“SEC”),
including our Annual Report on Form 10-K for the fiscal year ended December 31, 2021, which
are available free of charge on the SEC's website at: www.sec.gov.

Financial Highlights

DALLAS and NEW YORK – July 20, 2022 – Signify Health, Inc. (NYSE: SGFY), a leading value-based healthcare platform enabled by advanced analytics, technology and nationwide healthcare networks, announced that it will release its financial results for the second quarter 2022 after the market closes on Wednesday, August 3, 2022, and will hold a conference call at 8:30am ET on Thursday, August 4, 2022 to discuss the results.

Changes expected to have positive impact on 2023 earnings

Company ending its participation in the BPCI-A program to focus on supporting future growth

DALLAS & NEW YORK – July 8, 2022 – Signify Health, Inc. (NYSE: SGFY) today announced that it is winding down its Episodes of Care Services (ECS) segment in order to focus on its fast-growing and profitable Home and Community Services (HCS) business and recent Caravan Health acquisition. The Company is exiting CMS’ Bundled Payments for Care Improvement-Advanced (BPCI-A) program in light of the newly released CMS retrospective trend calculations
that lowered target prices for episodes, thereby reducing the opportunity for savings. This strategic and timely decision allows the Company to invest more to drive the future growth and diversification of the HCS and Caravan Health businesses supporting the needs of health plans and providers in total cost of care contracts, where they take responsibility for the cost of a patient’s healthcare over the course of a year. The Company anticipates these changes will have a positive impact on 2023 earnings, and will provide additional guidance in its Q2 earnings report in early August. 

“Our HCS segment is experiencing tremendous growth as our health plan clients have prioritized access to the home as part of their focus on closing clinical, behavioral, and social care gaps,” said Kyle Armbrester, Signify Health CEO. “Clients are seeing the value in our unique position: our ability to see patients in the home and refer them to care for the urgent needs we identify. This is particularly so with the social and behavioral needs that are crucial to improving care but are often very hard to assess in traditional care settings. We are making investments to create operational improvements that will increase efficiency, expand use of connected devices, and allow us to diversify into new services to drive better health outcomes in the lives of people we touch.”

The Company’s timing and decision to terminate its participation in the BPCI-A program is driven by recent policies implemented by the Center for Medicare & Medicaid Innovation  (CMMI) affecting BPCI-A pricing that the Company and its clients believe have rendered the program unsustainable. The BPCI-A pricing methodology has changed repeatedly over the years and has recently included the imposition of a retrospective adjustment that is not based on publicly available data, cannot be accurately forecasted, and is known only long after a performance period has ended, making it impossible to take real-time action. The Company is currently in the process of contesting the most recent pricing calculations through CMMI’s standard appeals process and advocating for CMMI to offer providers immediate relief. 

In addressing the decision to end Signify Health’s participation in the BPCI-A program, Mr. Armbrester said, “We made this decision in partnership with our clients, who have repeatedly surpassed benchmarks for quality care and operational improvements with our support— including significant reductions in readmissions and increases in healthy days at home during an extremely challenging period for healthcare.” 

The Caravan Health business is not impacted by these changes. Caravan Health was acquired by Signify Health in March 2022 for its strong capabilities in enabling providers and accountable care organizations (ACOs) to excel in population health management and value-based payment programs. Since the acquisition, this business has continued to outperform as clients align themselves with CMS’ goal of having all Medicare beneficiaries in an accountable relationship with their health care provider by 2030, and recognize the benefits of leveraging Signify’s diverse capabilities in managing the cost for all of the care provided to a patient. This includes the Company’s post-acute and transition to home capabilities, as well as key services from its HCS segment, such as the ability to reach patients in their home in order to better manage their care, which the Company believes will result in incremental savings in 2023.

Former OptumInsight CPO will build out suite of healthcare services that tie together post-acute, primary and specialty care

DALLAS AND NEW YORK – June 22, 2022 – Signify Health, Inc. (NYSE: SGFY), a leading
healthcare platform that leverages advanced analytics, technology, and nationwide healthcare
networks to create and power value-based payment programs, today announced that Paymon
Farazi will be joining the Company as Chief Product Officer. Mr. Farazi brings more than two
decades of experience leading product strategy for healthcare and technology companies to his
role overseeing product strategy and design for the Company’s suite of payor and provider
solutions.

“We exist to help our clients succeed in any risk-based or value sharing model,” said Signify
Health CEO Kyle Armbrester. “To do this, we are building a platform that connects providers
and payors in accountable relationships. Paymon’s deep experience in healthcare payment and
technology will be critical as we expand our portfolio of tools and services to help our clients tie
together post-acute, primary and specialty care to improve quality and outcomes for the people
they serve.”

With a proven track record of leading successful teams and executing on high impact product
strategies across healthcare, fintech, and cloud technology companies, Mr. Farazi will be
responsible for product strategy, development and marketing across the Company’s business
segments. He brings to Signify Health more than 15 years of experience in product leadership,
including roles at OptumInsight. He also served in product and operations leadership positions
at Cargill, Symantec and Dell. He earned his B.S. in Computer Engineering from Northwestern
University and his MBA from the University of Texas at Austin.

“With its ACO and episodes of care capabilities, Signify Health is uniquely positioned to offer an
end-to-end total cost of care platform for all providers and payors, regardless of where they are
in their value-based care journey,” said Mr. Farazi. “This platform, together with the Company’s
ability to fill the gaps across the continuum reaching all the way into the home, offers a powerful
opportunity to make every care encounter more effective. I am delighted to be joining Signify at
this exciting time in the Company’s journey and look forward to helping our clients achieve
sustainable success in these new models that reward improved outcomes.”

About Signify Health

Signify Health is a leading healthcare platform that leverages advanced analytics, technology,
and nationwide healthcare provider networks to create and power value-based payment
programs. Our mission is to transform how care is paid for and delivered so that people can
enjoy more healthy, happy days at home. Our solutions support value-based payment programs
by aligning financial incentives around outcomes, providing tools to health plans and healthcare
organizations designed to assess and manage risk and identify actionable opportunities for improved patient outcomes, coordination and cost-savings. Through our platform, we coordinate what we believe is a holistic suite of clinical, social, and behavioral services to address an individual’s healthcare needs and prevent adverse events that drive excess cost, all while shifting services towards the home. For more information on how we are taking health
homeward, visit us at signifyhealth.com.

Company to host ceremonial ribbon cutting on June 15

OKLAHOMA CITY - June 14, 2022 - Signify Health, Inc. (NYSE: SGFY), a leading healthcare
platform that leverages advanced analytics, technology, and nationwide healthcare networks to
create and power value-based payment programs, today announced the official opening of its
new regional service center in Oklahoma City. The Company will mark the opening of its 25,000
square-foot site with a ceremonial ribbon cutting event with state and local government
representatives, business community leaders, and employees.

Last month Caravan Health hosted its 6th annual Accountable Care Symposium, held in person for the first time since 2019. The two-day event in San Diego, CA, included keynote speakers, breakout sessions, population health award winners, and a chance to greet colleagues face-to-face. This was also the first chance for the Caravan and Signify Health teams to collaborate and support ACO clients in-person since the companies’ merger earlier this year.

Announcement comes after Elaine Murphy appointed as Site Lead at Galway base

Caravan Health CEO Tim Gronniger spoke with Healthcare Innovation about the synergies between Caravan and Signify Health and what he likes about the new ACO REACH model. Read the full article here.

Program enhancements include new incentives for providers and plan members to achieve dual goals of achieving better outcomes and lowering overall health care costs

HARTFORD – May 10, 2022 – Comptroller Natalie Braswell announced today that the state
health plan has launched the next phase of its innovative value-based care payment program, aimed at improving the quality, affordability, and experience of health care for hundreds of thousands of state employees and retirees. Three Connecticut facilities — Women’s Health Connecticut, UConn Health and Trinity Health Of New England’s Saint Francis Hospital — have been designated Centers of Excellence for certain procedures to recognize and reward their demonstrated superior quality of care.

Launched in 2020, the state’s innovative Providers of Distinction program incentivizes the highest-quality care at the lowest possible cost for more than 40 common procedures and conditions including knee replacement, colonoscopy, cataract surgery and care related to pregnancy. By negotiating fixed, guaranteed pricing with providers to coordinate and deliver care across the patient’s care journey, the state reduces variation in costs while improving health care quality and outcomes.

“Providers across the state have embraced the opportunity to work in partnership with us to deliver high-quality, coordinated care while controlling costs,” said Connecticut Comptroller Natalie Braswell. “The new Centers of Excellence designation is a natural next step in our evolution of the program to recognize and reward those providers who are performing at the highest levels. Congratulations to Women’s Health Connecticut, UConn Health, and Trinity Health of New England’s Saint Francis Hospital for this impressive achievement. It’s my hope that, by elevating the most talented doctors, hospitals, provider groups and other medical institutions, that we can lower costs throughout the state and make Connecticut the health care capital of the nation.”

More than 340 providers currently participate in the Providers of Distinction program based on their demonstrated ability to deliver the best health care outcomes for patients at competitive prices. Those covered by the state’s health plan, including members of the Connecticut Partnership Plan, now will automatically receive cash incentives ranging from $100 to $1,000 when they have eligible procedures performed by participating providers. Incentives for both plan members and providers increase based on two provider performance tiers, called Providers of Distinction and Centers of Excellence. Providers of Distinction are those provider organizations that scored higher than their peers in affordability and clinical quality, while Centers of Excellence provider organizations are those who score the highest among their peers in affordability, clinical quality, and additional areas such as process improvement, leadership, clinical innovation, and patient focus. Three provider groups have been designated Centers of Excellence for 2022-2023, including:

● Women’s Health Connecticut for maternity and hysterectomy episodes of care
● UConn Health for maternity, knee replacement and revision, lumbar laminectomy, and
lumbar spine fusion episodes of care
● Trinity Health Of New England’s Saint Francis Hospital for hip replacement and hip
revision, knee replacement and knee revision, lumbar laminectomy, and lumbar spine fusion
episodes of care

In 2021, the State of Connecticut Health Plan was approved by The Centers for Medicare and
Medicaid Services (CMS) as an Advanced Alternative Payment Model (AAPM). With this
designation, eligible doctors, hospitals and provider groups that have contracted with the state may receive certain credit for their participation under the CMS Merit-based Incentive Payment System.

Signify Health supports the State of Connecticut’s Episodes of Care program by identifying,
contracting with and supporting participating providers with services, technology, and analytics, as well as securing fixed, episodes-of-care pricing with high-value network providers.

“The State of Connecticut has been a catalyst for accelerating the adoption of value-based payment models by innovative provider organizations across the state,” said Laurel Douty, Executive Vice President, Clinical Operations at Signify Health. “We are proud to support the State and its work to align primary and specialty care providers around what’s best for the patient – and help all citizens benefit from a higher quality system of care.”

Nancy Bernstein, President and CEO of Women's Health Connecticut said of the
designation: "As a high-volume resource for women in both maternity and gynecologic surgery,
we've long held the belief that there could be more cost efficiency in this space. We have enjoyed
being the state's partner in this program and in making a tangible difference toward reducing
healthcare cost. We're grateful to receive this COE distinction for those efforts."

“The Center of Excellence designations affirm UConn Health’s steadfast focus on patient-centered, high-quality, and affordable care,” says Dr. Bruce T. Liang, interim CEO of UConn Health. “We are proud to be a partner in the state’s initiative further elevating the quality and value of health care for all.”

"The State of Connecticut’s innovative value-based care payment program is an exciting move for all those insured by the State’s health plan, offering patients the assurance that they are receiving affordable, high-quality care. As the clinically integrated network for Trinity Health Of New England, SoNE HEALTH is dedicated to a collaborative approach to healthcare and we are
honored to align with the State of Connecticut on this initiative,” stated Lisa Trumble, President
and CEO at SoNE HEALTH.

***
About the Office of the State Comptroller
Connecticut’s Office of the State Comptroller administers the health plan covering state and certain municipal workers, retirees, and their dependents, totaling over 220,000 lives. Comptroller Natalie Braswell has focused the efforts of the office on improving the quality of care, including access to preventive screenings, while simultaneously reducing costs. For more information, visit osc.ct.gov.

About Signify Health
Signify Health (NYSE: SGFY) is a leading healthcare platform that leverages advanced analytics,
technology, and nationwide healthcare provider networks to create and power value-based payment programs. Our mission is to transform how care is paid for and delivered so that people can enjoy more healthy, happy days at home. Our solutions support value-based payment programs by aligning financial incentives around outcomes, providing tools to health plans and healthcare organizations designed to assess and manage risk and identify actionable opportunities for improved patient outcomes, coordination and cost-savings. Through our platform, we coordinate what we believe is a holistic suite of clinical, social, and behavioral services to address an individual’s healthcare needs and prevent adverse events that drive excess cost, all while shifting services towards the home. For more information on how we are taking health homeward, visit us at signifyhealth.com.

Financial Highlights 

First Quarter 2022:

• First quarter revenue of $216.5 million, an increase of 20% from first quarter 2021
• GAAP net loss of $16.3 million improved compared to net loss of $51.7 million in first quarter 2021

2022 Guidance:

Signify Health maintains estimates for full year 2022 results as follows:

• Total revenue in the range of $948 million to $971 million; and
• Total adjusted EBITDA¹ in the range of $212 million to $222 million

DALLAS and NEW YORK – May 4, 2022 – Signify Health, Inc. (NYSE: SGFY), a leading healthcare platform that leverages advanced analytics, technology and nationwide healthcare networks to create and power value-based payment programs, today announced the Company’s financial results for the first quarter 2022.  

“Our strong first quarter results demonstrate the significant value we are delivering to our clients as we continue to execute our growth strategy and make strategic investments in our business,” said Kyle Armbrester, Chief Executive Officer of Signify Health. “The investments we have made to support increased customer demand for our comprehensive member evaluations enabled us to reach a record level of 564 thousand evaluations in the first quarter. Investment in people and processes also helped our Episodes of Care and BPCI-A program partners to improve health outcomes for patients and deliver meaningful savings as we continue to manage through the COVID-19 environment and its impact on program size and savings rate.”

Mr. Armbrester continued, “The integration of Caravan Health is progressing well and clients are responding favorably to how the combined capabilities of Signify and Caravan can help them be more successful in their alternative payment strategies. Clients also are expressing interest in tapping into the significant access and scale we have in homes as part of their efforts to manage total cost of care. Caravan Health adds to our revenue diversification while supporting our mission to accelerate the transformation of the U.S. healthcare system from fee-for-service to value-based care.”

First Quarter 2022 Financial Results

• Total revenue for the first quarter increased 20% to $216.5 million, up from $180.0 million in the same period a year ago.  Overall growth in the first quarter of 2022 was driven by a 23% increase in Home & Community Services (HCS) segment revenue to $186.9 million and a 7% increase in Episodes of Care Services (ECS) segment revenue to $29.6 million compared to a year ago.  
• The strong HCS revenue was a quarterly record and is attributable to an increase in in-home evaluations (IHE) volume, which grew to approximately 564 thousand from approximately 462 thousand in the first quarter of 2021.
• ECS first quarter revenue growth was driven by an increase in program size and revenue generated by Caravan Health for one-month post acquisition. 
• First quarter total net loss improved to $16.3 million compared to a net loss of $51.7 million for the same period a year ago.  Net loss included $28.9 million of other expense related to the remeasurement of the fair value of our Equity Appreciation Rights (EAR) due to an increase in the Company’s stock price in the first quarter.
• Non-GAAP Adjusted EBITDA¹ for the first quarter increased 31% to $45.0 million, compared to $34.4 million for the first quarter 2021, driven primarily by HCS revenue growth.
• Non-GAAP Adjusted EBITDA margin¹ for the first quarter was 20.8%, a 170-basis point improvement from the comparable year ago period. 

2022 Outlook

The Company is maintaining its full year 2022 estimates as follows:

• Total revenue in the range of $948 million to $971 million; and
• Total adjusted EBITDA¹ in the range of $212 million to $222 million.

¹Adjusted EBITDA and Adjusted EBITDA margin are non-GAAP financial measures. Refer to the reconciliation in “Non-GAAP Financial Measures.”  We have not reconciled 2022 guidance for adjusted EBITDA to net income (loss), the most directly comparable GAAP measure, and have not provided forward-looking guidance for net income (loss) because of the uncertainty around certain items that may impact net income (loss), including, among others, stock-based compensation and the fair valuation of the EARs, that are not within our control or cannot be reasonably estimated.

Conference Call Information

Signify Health will host a conference call to discuss the Company’s first quarter 2022 results on May 5, 2022 at 8:30am ET.  A live audio webcast of the conference call may be accessed through the investor relations section of Signify Health’s website at investors.signifyhealth.com/events/default.aspx and will be available for replay through July 5, 2022.

About Signify Health

Signify Health is a leading healthcare platform that leverages advanced analytics, technology, and nationwide healthcare provider networks to create and power value-based payment programs. Our mission is to transform how care is paid for and delivered so that people can enjoy more healthy, happy days at home. Our solutions support value-based payment programs by aligning financial incentives around outcomes, providing tools to health plans and healthcare organizations designed to assess and manage risk and identify actionable opportunities for improved patient outcomes, coordination and cost-savings. Through our platform, we coordinate what we believe is a holistic suite of clinical, social, and behavioral services to address an individual’s healthcare needs and prevent adverse events that drive excess cost, all while shifting services towards the home. 

Forward Looking Statements  

This press release contains forward-looking statements. All statements other than statements of historical fact included in this press release are forward-looking statements. These statements may be preceded by, followed by or include the words “may,” “might,” “will,” “should,” “expects,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” “potential” or “continue,” the negative of these terms and other comparable terminology. These forward-looking statements, which are subject to risks, uncertainties and assumptions about us, may include projections of our future financial performance, our anticipated growth strategies and anticipated trends in our business, our plan to drive better patient outcomes, our 2022 Outlook, including our 2022 estimates for total GAAP revenue, total Adjusted EBITDA, in-home evaluations, bundled payment program size and bundled payment weighted average savings rate improvements. These statements are only predictions based on our current expectations and projections about future events. There are important factors that could cause our actual results, level of activity, performance or achievements to differ materially from the results, level of activity, performance or achievements expressed or implied by the forward-looking statements.

Although we believe the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, level of activity, performance or achievements. Moreover, neither we nor any other person assumes responsibility for the accuracy and completeness of any of these forward-looking statements. Some of the factors that could cause actual results to differ materially from those expressed or implied by the forward-looking statements include: our failure to maintain and grow our network of high-quality network providers; the COVID-19 pandemic and whether the pandemic will subside in 2022; our ability to realize synergies from the acquisition of Caravan Health, Inc.; factors beyond our control that could impact our ability to complete IHEs; our dependence upon a limited number of key customers; our dependence on certain key government programs including BPCI-A; risks associated with estimating program size and savings rate in BPCI-A; our failure to continue to innovate and provide services that are useful to customers and achieve and maintain market acceptance; our limited operating history with certain of our solutions; our failure to compete effectively; the length and unpredictability of our sales cycle; seasonality that may cause fluctuations in our sales, cash flows and results of operations; the information we provide to, or receive from, our health plans and providers could be inaccurate or incomplete; the risk that the cost of services provided will be higher than benchmark prices in our episodes and care redesign solutions; risks that arise from operating internationally; failure of our existing customers to continue or renew their contracts with us; failure of service providers to meet their obligations to us; our failure to achieve or maintain profitability; our revenues not growing at the rates they historically have, or at all; our failure to successfully execute on our growth initiatives, business strategies, or operating plans, including growth in our Commercial Episodes business; our failure to successfully launch new products; our failure to diversify sources of revenues and earnings; changes in accounting principles applicable to us; incorrect estimates or judgments relating to our critical accounting policies; increases in our level of indebtedness or in interest rates; our failure to effectively adapt to changes in the healthcare industry, including changes in the rules governing Medicare or other federal healthcare programs; our failure to adhere to complex and evolving governmental laws and regulations; our failure to comply with current and future federal and state privacy, security and data protection laws, regulations or standards; our employment of and contractual relationships with our providers subjecting us to licensing or other regulatory risks, including recharacterization of our contracted providers as employees; adverse findings from inspections, reviews, audits and investigations; inadequate investment in or maintenance of our operating platform and other information technology and business systems; our ability to develop and/or enhance information technology systems and platforms to meet our changing customer needs; higher than expected investments in our business including, but not limited to, investments in our technology and operating platform, which could reduce our profitability; security breaches or incidents, loss or misuse of data, a failure in or breach of our operational or security systems or other disruptions; disruptions in our disaster recovery systems or management continuity planning; our ability to obtain, maintain, protect and enforce our intellectual property; our dependence on distributions from Cure TopCo, LLC to fund dividend payments, if any, and to pay our taxes and expenses, including payments under the Tax Receivable Agreement; the control certain equity holders that held an ownership interest in Cure TopCo, LLC prior to our IPO have over us and our status as a controlled company; our ability to realize any benefit from our organizational structure; risks associated with acquiring other businesses including our ability to effectively integrate the operations and technologies of the acquired businesses;  and the other risk factors described under “Risk Factors” in our filings with the Securities and Exchange Commission (“SEC”), including our Annual Report on Form 10-K for the fiscal year ended December 31, 2021, which are available free of charge on the SEC's website at: www.sec.gov. 

All forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by the foregoing cautionary statements. In addition, all forward-looking statements speak only as of the date of this press release. We undertake no obligations to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise other than as required under the federal securities laws.

About Non-GAAP Financial Measures 

This press release contains certain financial measures not presented in accordance with generally accepted accounting principles in the United State (“GAAP”), including Adjusted EBITDA and Adjusted EBITDA margin, which are used by management in making operating decisions, allocating financial resources, and internal planning and forecasting and for business strategy purposes. Adjusted EBITDA and Adjusted EBITDA margin are not measures of financial performance in accordance with GAAP and may exclude items that are significant in understanding and assessing our financial results. Therefore, these measures should not be considered in isolation or as an alternative to GAAP measures. Our presentation of Adjusted EBITDA and Adjusted EBITDA margin may not be comparable to similarly-titled measures used by other companies. Management believes that such measures are commonly reported by issuers and widely used by investors as indicators of a company’s operating performance. Please refer to the reconciliations of Adjusted EBITDA and Adjusted EBITDA margin to the most directly comparable financial measures prepared in accordance with GAAP below.

FARMINGTON, CT – (April 13, 2022) – ConnectiCare, a leading health plan in Connecticut for over 40 years, announced today a new “Episodes of Care” program aimed at expanding value-based care programs to providers across the state. Through ConnectiCare’s new program, care will be organized and financed around a member’s entire health episode, for procedures such as knee surgery, chronic conditions like asthma, and maternity bundles encompassing the care of mothers and newborns. Signify Health, a leading value-based care platform that leverages advanced analytics, technology, and healthcare provider networks, will design, and administer the program on behalf of ConnectiCare.

In this First Report Managed Care article, Signify Health SVP Francois de Brantes discusses the future of value-based care and the components required to successfully advance alternative payment models in 2022 and beyond.

Establishes framework for reporting on environmental, social and corporate governance initiatives focused on driving value for shareholders and stakeholders across healthcare 

U.S. company Signify Health initiates recruitment for software engineering and tech roles

DALLAS and NEW YORK – Signify Health, Inc. (NYSE: SGFY), a leading value-based healthcare platform enabled by advanced analytics, technology and nationwide healthcare networks, announced that it will release its financial results for the first quarter 2022 after the market closes on Wednesday, May 4, 2022, and will hold a conference call at 8:30am ET on Thursday, May 5, 2022 to discuss the results.

Check out the most recent episode of Managed Care Cast in The American Journal of Managed Care where Caravan Health CEO Tim Gronniger speaks about Signify Health’s acquisition of Caravan, how CMS can boost ACO participation, and what is needed to achieve CMS’s goal of furthering the shift of ACOs by 2030.

“The fee-for-service chassis is not designed to accommodate states’ fiscal restraints and has only served to escalate costs and exacerbate price variation. In response, states have begun moving toward value-based payments,” says Signify Health SVP, Francois de Brantes, in his latest piece featured in American City & County Magazine.

Financial Highlights

Company to harness combined capabilities to accelerate adoption of advanced alternative payment models, supporting the Centers for Medicare and Medicaid’s critical imperatives to improve health equity and have everyone in Medicare fee-for-service aligned to an accountable entity by 2030

Signify Health's Francois de Brantes talks with Andrew Donlan of Home Health Care News about the recent announcement of the ACO REACH Model and what it means for the future of Direct Contracting. Read more.

Our SVP of Strategic Initiatives, Victoria Bartolome, spoke with VatorNews about how we are enabling the shift to value-based care. Click to hear more about how our recent Partnership Program initiative and acquisition of Caravan Health advance our mission.

According to a 2020 Pew Research Center study, nearly 27% of all older adults in the United States lived alone, and those numbers are expected to increase. Read the full story at SeniorsMatter.

Proponents of Medicare’s new Direct Contracting model are concerned about its short-term prospects. Read the full story at Healthcare Financial Management Association.

Integrated together, the companies aim to help providers manage larger populations with value-based arrangements and better coordinate care. Read the full story at Fierce Healthcare.

Almost a year to the date of its public market debut, Dallas-based Signify Health has agreed to acquire Caravan Health. Read the full story at Axios.

Combined company will create one of the largest networks of at-risk providers, improving patient outcomes while lowering costs across the care continuum

Clinically integrated network Southern New England Healthcare Organization has joined the State of Connecticut Health Plan’s Network of Distinction. Read the full story at Healthcare Innovation.

DALLAS & NEW YORK—Signify Health, Inc. (NYSE: SGFY), a leading value-based healthcare platform enabled by advanced analytics, technology and nationwide healthcare networks, announced that it will release its financial results for the fourth quarter 2021 after the market closes on Wednesday, March 2, 2022, and will hold a conference call at 8:30am ET on Thursday, March 3, 2022 to discuss the results.

Initial partners include Quartet Health, Medalogix, ReferWell, Center Health, and PatientBond. Read the full story at VatorNews.

New partners include Medalogix, Quartet Health, and ReferWell. Read the full story at Healthcare Innovation.

Signify is launching its program with seven inaugural partners, including Medalogix, Quartet Health, and ReferWell. Read the full story at Home Health Care News.

Value-based care ecosystem brings together providers, payers, technology and services focused on solutions that close care gaps and drive better outcomes

CEO Kyle Armbrester talks about how the importance of technologies and services driving better preventive care and focusing on reducing the costs of care for employers. Read the full story at MobiHealthNews.

CEO Kyle Armbrester talks about how the growth of virtual care is really part of a broader trend to deliver more services in patients' homes. Read the full story at MobiHealthNews.

Plans to bring more than 200 jobs to the region

Company will host recruiting event and conduct in-person interviews on December 15, 2021 from 9:00 AM to 3:00 PM at the Hilton Garden Inn Edmond

DALLAS & NEW YORK — December 1, 2021 - Signify Health, Inc. (NYSE: SGFY), a leading healthcare platform that leverages advanced analytics, technology and nationwide healthcare networks to create and power value-based payment programs, today announced plans to open a new service center in Oklahoma City in February, 2022. Oklahoma City joins Dallas, New York City and Rapid City, SD as a regional hub for Signify Health employees who work on-site and remotely. The Company expects to create more than 200 new jobs in greater Oklahoma City and is actively recruiting to fill 50 roles to start in early February.

Chief Medical Officer Marc Rothman, MD, discusses finding the middle ground between in-home health evaluations and virtual visits. Read the full story at Home Health Care News.

Signify Health's Mission Moments featured as Tool #7 in toolkit for building a stronger hybrid and remote team culture. Read the full story in Fearless Culture.

Financial Highlights

Third Quarter 2021

• Revenue of $199.2 million, an increase of 29% from the third quarter of 2020
• GAAP net income of $29.3 million compared to net loss of $13.3 million in the third quarter of 2020
• Non-GAAP adjusted EBITDA¹ of $42.0 million, an increase of 46% from the third quarter of 2020

Chief Medical Officer Marc Rothman, MD, talks about some of the benefits he has seen as Signify Health partners with Medicare Advantage plans to provide in-home evaluations to their members. Read the full story at Healthcare Innovation.

Certification enables Signify Health to identify members with conditions that require active management and who could benefit from preventive screenings

DALLAS and NEW YORK — November 8, 2021 — Signify Health (NYSE: SGFY), a leading value-based healthcare platform that leverages advanced analytics, technology and nationwide healthcare provider networks, today announced the NCQA (National Committee for Quality Assurance) Measure Certification Program™ has certified Signify Health for Healthcare Effectiveness Data and Information Set (HEDIS^®) measurement.

DALLAS and NEW YORK – October 12, 2021 – Signify Health, Inc. (NYSE: SGFY), a leading value-based healthcare platform enabled by advanced analytics, technology and nationwide healthcare networks, announced that it will release its financial results for the third quarter 2021 after the market closes on Tuesday, November 9, 2021, and will hold a conference call at 8:30am ET on Wednesday, November 10, 2021 to discuss the results.

Signify Health's Chief Product Officer Peter Boumenot discusses how Signify has leaned into its commitment to activate the home as a key part of the care continuum.

The State of Connecticut Health Plan is the first commercial plan in the country to have its episodes-of-care payment model designated as an Advanced APM by CMS. With limited Advanced APM options via CMS, this designation will provide specialty physicians in the state a path to value-based care payments through the private sector. Read the full story at MedCity News.

HARTFORD, CT — An innovative payment model between the state health plan and several Connecticut medical providers was approved by The Centers for Medicare and Medicaid Services (CMS) this week as an Other Payer Advanced Alternative Payment Model (APM), Comptroller Kevin Lembo and Signify Health, Inc. (NYSE: SGFY) announced.

Partnership to focus on supporting employers in their efforts to drive better clinical outcomes, improve employee satisfaction, and optimize health care spending

Innovative Episodes of Care program aims to reduce overall cost of care by aligning financial incentives with health outcomes. Read the full story at Regence.

Signify Health's Chief People Officer Susan Yun is featured in the Rapid City Journal discussing our workforce expansion in our Dallas and Rapid City, SD offices. 

DALLAS and NEW YORK (August 25, 2021) — Signify Health, Inc. (NYSE: SGFY), a leading value-based healthcare platform that leverages advanced analytics, technology and nationwide healthcare provider networks, today announced the appointment of Arnold Goldberg as an independent member of its board of directors, serving on the audit committee. Most recently serving as Senior Vice President, Chief Product Architect and Senior Technologist at PayPal, Mr. Goldberg brings deep knowledge of platform architecture and product strategy to Signify Health, as well as valuable experience leading and scaling teams of technologists for some of the biggest and most groundbreaking technology companies of the past two decades.

Making the transition from college to the workplace during the pandemic has presented a unique set of challenges for GenZ'ers. Signify Health employee Lizzie Schmidt talks about her experience, from her first days as an intern through graduation to becoming one of our newest product management colleagues.

Regence BlueShield is expanding its value-based care program by adding more covered services and welcoming Washington Health Care Authority (HCA), the state's largest healthcare purchaser, which provides health insurance to 363,000 state employees and retirees.

Read the full story in HealthPayerIntelligence. 

Financial Highlights

Second Quarter

• Revenue of $212.8 million, an increase of 63% from second quarter 2020
• GAAP net loss of $(0.1) million compared to net income of $7.0 million in second quarter 2020
• Non-GAAP adjusted EBITDA¹ of $54.6 million, an increase of 55% from second quarter 2020

The Washington State Health Care Authority, the state’s largest purchaser of health care with 363,000 members, is among those to join the value-based program

What's next on the path forward to value-based care?  David Raths of Healthcare Innovation talks with François de Brantes about lessons learned from our experience designing and implementing alternative payment models and what to watch for in the months ahead.

Signify Health’s Chief Medical Officer Marc Rothman, MD discusses Transition to Home, a new program that helps to reduce avoidable in-patient readmissions and ER visits by providing Medicare patients with clinical and social care support as they transition from the hospital to the home.

Signify Health is launching a new solution to help reduce hospital readmissions by providing Medicare patients with clinical and social care support as they transition from the hospital to the home.

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Transition to Home solution offers clinical, social and behavioral care coordination to reduce readmissions, improve care plan adherence, streamline operations, and achieve better patient outcomes

DALLAS and NEW YORK – July 19, 2021 - Signify Health, Inc. (NYSE: SGFY), a leading value-based healthcare platform that leverages advanced analytics, technology and nationwide healthcare provider networks, today announced the appointment of Sam Pettijohn as Chief Growth Officer and Erin Kelly as Chief Compliance Officer. 

DALLAS and NEW YORK – July 13, 2021 – Signify Health, Inc. (NYSE: SGFY), a leading value-based healthcare platform enabled by advanced analytics, technology and nationwide healthcare networks, announced that it will release its financial results for the second quarter 2021 after the market closes on Tuesday, August 10, 2021, and will hold a conference call at 8:30am ET on Wednesday, August 11, 2021 to discuss the results.

Signify Health is teaming with Humana and the Alamo Area Community Network to enhance access to community services for members in the San Antonio market.

Signify Health is teaming with Humana and the Alamo Area Community Network, an alliance of more than 40 community organizations,  to address social determinants of health issues among San Antonio residents.

Signify’s CEO Kyle Armbrester, Kevin Lembo of the Connecticut Office of the State Comptroller, and Washington State Health Care Authority's Chief Medical Officer Judy Zerzan-Thul, MD participated in a Health Evolution webinar, where they discussed why data needs to drive the transition to value-based care.

 SAN ANTONIO — June 29, 2021 — Signify Health (NYSE: SGFY) and Humana (NYSE: HUM) are working together with the Alamo Area Community Network (AACN) to support Humana Medicare Advantage members in San Antonio through AACN’s community resources and by connecting those in need with health-related social services, such as food, transportation, housing, and financial assistance. This move enhances the community efforts that Humana has built over its now six-year Bold Goal journey to address health-related social needs. The AACN is a partnership of over 40 organizations, with countless programs and services that are committed to working together to effectively impact social determinants of health (SDOH) for San Antonio residents. 

DALLAS and NEW YORK – June 22, 2021 – Signify Health, Inc. (NYSE: SGFY), a leading healthcare platform that leverages advanced analytics, technology and nationwide healthcare networks to create and power value-based payment programs, today announced the successful completion of a refinancing of its first lien term loans and revolving credit facility.

DALLAS and NEW YORK – June 2, 2021 - Signify Health, Inc. (NYSE: SGFY), a leading value-based healthcare platform that leverages advanced analytics, technology and nationwide healthcare provider networks, today announced the appointment of Susan Yun as Chief People Officer.

Damien Doyle, MD, Signify Health's VP of Medical Affairs, featured in a McKnight’s Home Care Daily story that looks at the importance of providing clinical services at home. Read the full story at McKnight's Home Care Daily.

Home Health Care News covered Signify Health's announcement that it hired Tracey Scraba as senior vice president and deputy general counsel and Lisa Wagamon as senior vice president of network development. Read the full story at Home Health Care News.

DALLAS and NEW YORK (May 18, 2021) — Signify Health, Inc. (NYSE: SGFY), a leading value-based healthcare platform that leverages advanced analytics, technology and nationwide healthcare provider networks, today announced the appointment of Tracey Scraba as Senior Vice President, Deputy General Counsel and Lisa Wagamon, Senior Vice President, Network Development.

Signify Health's CEO Kyle Armbrester recently sat down with New Haven Biz to talk about the company's journey, its groundbreaking work with the State of Connecticut and where they go from here. Read the full story at New Haven Biz.

Financial Highlights

Renee DiNino of The River 105.9 in Hartford, Connecticut, interviews Deborah Weymouth, CEO of Eastern Connecticut Health Network, Dr. Pamela Lewis, OB-GYN and executive team member of ECHN Administration, and François de Brantes, SVP, Episodes of Care at Signify Health where they discuss ECHN's focus to provide high-quality care and service for all patients and share how ECHN was designated by the State of CT health plan and Signify Health as part of its Network of Distinction, for seven key procedures. Listen below:

DALLAS and NEW YORK (April 28, 2021) — Signify Health, Inc. (NYSE: SGFY), a leading value-based healthcare platform that leverages advanced analytics, technology and nationwide healthcare provider networks, today announced the appointment of Heather Dixon, CPA, as an independent member of its board of directors, serving on the audit committee. As Senior Vice President, Global Controller and Chief Accounting Officer at Walgreens Boots Alliance, Dixon has deep insight into the strategic priorities of healthcare payors, as well as a strong track record of leadership in finance for public companies.

François de Brantes discusses value-based agreements on panel at the MedCity News INVEST conference. Read the full story at MedCity News.

François de Brantes, Valinda Rutledge and Kevin Bozac, MD, discuss how Medicare alternate payment models need to be adapted in order to successful and sustainable. Read the full article in the American Journal of Managed Care.

DALLAS and NEW YORK – April 19, 2021 – Signify Health, Inc. (NYSE: SGFY), a leading value-based healthcare platform enabled by advanced analytics, technology and nationwide healthcare networks, announced that it will release its financial results for the first quarter 2021 after the market closes on Tuesday, May 11, 2021, and will hold a conference call at 9:00 a.m. ET on Wednesday, May 12, 2021 to discuss the results.

Signify Health and Aspen Physician Network are partnering to expand episodes of care in North Texas. Read the full story in D Magazine.

Francois de Brantes discusses his views on the Direct Contracting Model and why is is a big departure from other value-based care models. Read the full story at Managed Healthcare Executive.

Shane Henderson, winner of the 2021 Dallas Healthcare CIO of the Year ORBIE Award, talks about how Signify Health's commitment to learning and development has remained consistent during the pandemic—and how the company has adapted to accommodate a virtual learning environment. Read the full story at The Enterprisers Project.

Financial Highlights

Company Ranks as Eighth Most Innovative Health Company

DALLAS and NEW YORK – March 8, 2021 – Signify Health, Inc. (NYSE: SGFY), a leading value-based healthcare platform enabled by advanced analytics, technology and nationwide healthcare networks, announced that it will release its financial results for the fourth quarter and full year 2020 after the market closes on Wednesday, March 24, 2021, and will hold a conference call at 8:30am ET on Thursday, March 25, 2021 to discuss the results.

Comprehensive program will help employers address a substantial portion of medical claims costs while improving health outcomes for employees and their families

DALLAS, March 4, 2021—Signify Health, Inc. (NYSE: SGFY), a leading value-based healthcare platform that leverages advanced analytics, technology and nationwide healthcare provider networks, and Aspen Physician Network, a high-quality integrated network of specialty physician groups in Texas, announced today that Episodes of Care programs will be available to large and mid-sized employers across the Dallas-Fort Worth region. The programs align financial incentives with the health outcomes of members undergoing medical procedures or managing chronic diseases.

DALLAS and NEW YORK – Signify Health, Inc. (NYSE: SGFY), a leading value-based healthcare platform enabled by advanced analytics, technology and nationwide healthcare networks, today announced a presentation at the following investor conference:

Barclays Global Healthcare Conference 2021

DALLAS & NORWALK, Conn.—Signify Health, Inc. (NYSE: SGFY), a leading value-based healthcare platform that leverages advanced analytics, technology and nationwide healthcare provider networks, today announced the closing of its initial public offering of 27,025,000 shares of its Class A common stock at a price to the public of $24.00 per share. The number of shares offered and sold by Signify Health included the exercise in full of the underwriters’ option to purchase up to an additional 3,525,000 shares of Class A common stock from Signify Health.

DALLAS & NORWALK, Conn.—Signify Health, Inc. a leading value-based healthcare platform enabled by advanced analytics, technology and nationwide healthcare networks, today announced the pricing of its initial public offering of 23,500,000 shares of its Class A common stock at a price to the public of $24.00 per share. In addition, the underwriters have a 30-day option to purchase up to an additional 3,525,000 shares of Class A common stock from Signify Health at the initial public offering price less underwriting discounts and commissions.

DALLAS and NORWALK, Conn. – January 19, 2021 – Signify Health, Inc. a leading value-based healthcare platform enabled by advanced analytics, technology and nationwide healthcare networks, today announced that it has publicly filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission relating to a proposed initial public offering of its Class A common stock. The number of shares to be offered and the price range for the proposed offering have not yet been determined. 

Deepened commitment signals shift towards episodes of care to drive value-based payment
programs

Our work with the State of Connecticut "represents a first for the nation in the breadth of conditions and procedures that will be managed collaboratively by network providers and sets a new benchmark for value-based care in the country," says Signify CEO Kyle Armbrester. Read the full story.

Our acquisition of PatientBlox will support our work to deliver novel payment models to advance value-based care. Read MobiHealthNews' take on the news and the larger trend of applying blockchain technology in healthcare.

Partnership with Signify Health will improve health outcomes for more than 220,000 state health plan members with comprehensive “episode of care” pricing

The Office of the State Comptroller is partnering with Signify Health to improve health outcomes for certain common procedures and save on costs through a new “Network of Distinction” program. The doctors, hospitals and provider groups in the network will provide improved patient outcomes at a competitive fixed price for care from evaluation to recovery.

Unique application of PatientBlox’s proprietary blockchain technology will streamline provider administration, enhance payer predictability and security, and improve outcomes by aligning the care team around holistic needs of the patient

A statewide initiative to address the social determinants of health (SDOH), which was developed in partnership between the Iowa Department of Public Health and Signify Health, announces a major milestone in its effort to improve outcomes and access to care for Iowa mothers and their children.

In this issue of BenefitsPro, the lead article emphasizes that the clock is ticking on commercial health insurance because the industry has resisted the change that's needed. With Susan Prochazka, Director of Benefits at Rice University,and Chris Skisak, Executive Director, Houston Business Coalition on Health, Signify Health's François de Brantes offer a way to bring about real structural and positive change to healthcare. Their article can be found on page 22 of the November issue of BenefitsPro Magazine.

The mobilization to develop a COVID-19 vaccine is the medical Manhattan Project of our time, but once approved, the question becomes, "How do I get it?" Our Chief Medical Officer Marc Rothman, MD and Dr. Thomas Lally discuss the home as a focal point in the effort to eradicate the virus. Read the full story in STAT.

Signify Health is the newest corporate partner of North Texas LEAD, the nonprofit coalition that prepares and connects experienced job-seekers with employers committed to building diverse and inclusive teams. Read the full story.

Read the full story in Fierce Healthcare.

“This program came out of our experience from over a decade of doing these home visits and realizing that we were seeing things in the home that were not known to the traditional health system, and that the traditional health system was not particularly well organized to address,” Goldstein said. Read the full story in Home Health Care News.

Investing in social determinants of health can lead to positive returns on investment and create fewer hospital readmissions. Read the full story in Healthcare Finance.

Signify Health's recently announced partnership with Independence Blue Cross to launch CommunityLink in the Philadelphia region is featured in Managed Healthcare Executive. Read the full story.

New network is among the first in the nation to combine in-home health visits with social determinants of health management for people in the Philadelphia region.

DALLAS, TX and ALPHARETTA, GA (September 24, 2020) — Signify Health, a leading provider of technology-enabled healthcare solutions designed to keep people healthy and happy at home, and Ciox Health, a leader in health information management, today announced a strategic alliance to develop a master patient record for payers and risk-bearing health systems participating in value-based care models. The companies are each holdings of New Mountain Capital.

Modern Healthcare sat down with François de Brantes to hear his take on the complicated topic of capitated payment models. Read the full story in Modern Healthcare. Subscription required.

New Signify Health board member Taj Clayton featured in D Magazine. Read the full story.

Will in-home clinicians be the key to getting the country through COVID-19? Read the full story by Marc Rothman, MD at Fierce Healthcare.

DALLAS — Signify Health, a leading provider of technology-enabled healthcare solutions designed to keep people healthy and happy at home, today announced that it has appointed to its Board of Directors Vivian Riefberg, former Leader of McKinsey & Company’s America’s public sector practice and past co-leader of the U.S. healthcare practice, and Taj Clayton, Partner and Chair of the Domestic Alternative Dispute Resolution practice at Winston & Strawn LLP.

DALLAS, July 29, 2020—Signify Health, a leading provider of technology-enabled healthcare solutions designed to keep people healthy and happy at home, is proud to announce its placement on Catalyst for Payment Reform's (CPR) Scorecard on Bundled Payment Vendors.

Rent the Runway, SoulCycle Technology Veteran Josh Builder and Magellan Health Operations Veteran Laurel Douty to Scale Shared Savings and Health Outcomes Initiatives

Social isolation for the homebound was an issue even before COVID-19. Our Chief Medical Officer Marc Rothman, M.D. explains the impacts of isolation on health. Read the full story on Dementia Spring.

Signify Health's workforce expansion announcement was featured in the Rapid City Journal. Read the full story in the Rapid City Journal.

Signify Health COO David Pierre is featured in the Dallas Business Journal on our workforce expansion through the end of 2020. Read the full story in the Dallas Business Journal.

DALLAS, July 9, 2020—Signify Health, a leading provider of technology-enabled healthcare solutions designed to keep people healthy and happy at home, is expanding its workforce with more than 300 jobs to be filled just during the third and fourth quarters of 2020, the Company announced today. The majority of these new positions, based in Dallas and Rapid City, will support Signify's fast-growing in-home health services and care coordination businesses.

"Health care has become more patient and home-centric at the same time that payers want more value for their healthcare dollar," said David Pierre, Chief Operating Officer. "Signify Health was founded on both of those principles and that's why we are seeing this level of demand for the services we provide."

Signify Health operates the largest field-based network of physicians and nurse practitioners in the country, who are expected to conduct in-home visits with more than 1.5 million people in all 50 states during 2020.

Through the risk assessment process, Signify Health clinicians listen and learn how people live in order to identify personal, social and economic determinants that may contribute to their health. During these visits, which average approximately 60 minutes, Signify Health clinicians build a clinical and social care assessment to identify any gaps-in-care. The clinicians perform diagnostic tests as needed and, in many cases, connect people with the community resources and organizations that can help them. The information is shared with all providers engaged in the person's care to support complete care planning.

These in-home and care coordination services are supported with proprietary logistics systems and mobile technology to capture 300 data points on clinical and social factors per visit.

Signify Health is expanding its workforce with roles to support member engagement, clinician credentialing, business logistics and technology. These new positions will bring the total number of jobs created to approximately 750 for the calendar year.

To view the job descriptions and apply, visit signifyhealth.com/corporate-careers.

About Signify Health
Signify Health is a leading provider of technology-enabled healthcare solutions designed to keep people healthy and happy at home. We are accelerating the movement to value-based care by working with payers and providers to address both the financing and delivery of care, and sharing accountability for driving better outcomes for the individuals and families we serve. Our innovative episodes of care payment models and personalized health assessment and care coordination services enable us to close clinical and social care gaps, manage risk and drive a better experience for millions of people each year. Applying powerful analytics and clinical expertise, we support individuals' health journeys from the acute care facility to the ideal next site of care and all the way to a place of residence, helping people get home sooner and stay there longer. We support care needs anywhere in the U.S. through our high-performance provider and community networks – including the nation's largest field-based network of doctors and nurse practitioners trained and ready for in-home visits. For more information on how we are taking health homeward, visit us at signifyhealth.com.

Signify Health Contact
Lynn Shepherd
lshepherd@signifyhealth.com
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New data shows the severity of medical issues that have gone unaddressed during COVID-19. The latest Health Affairs blog by Michael Chernew, Mark Fendrick, Kyle Armbrester, and Francois de Brantes illuminates why it is important we enable access to care outside traditional medical settings and in the home. Read the full story on the Health Affairs blog.

Dallas - July 8, 2020 - Signify Health, a leading provider of technology-enabled healthcare solutions designed to keep people healthy and happy at home, announced today the executive appointments of Marc Rothman, MD as Chief Medical Officer and Kathleen Tourjee as Chief Human Resources Officer.

Dr. Marc Rothman oversees the clinical quality and program development across Signify Health’s home and community care, episodes of care, and pharma and life science services. Dr. Rothman is triple-board certified in Internal, Geriatric, and Hospice and Palliative Medicine, and is a Certified Medical Director. He brings to Signify Health deep expertise in distinct needs of seniors and their caregivers together with extensive experience in care delivery across acute, post-acute and in-home settings. He is also trained and experienced in disaster preparedness and management and will participate in Signify Health’s response to coronavirus.

“Marc is uniquely qualified to help lead Signify Health’s clinical teams as we make the home an ever more increasingly viable location to deliver social, clinical and behavioral care,” said Kyle Armbrester, Chief Executive Officer. “His medical expertise, provider and payer experience, and support of technology-enabled healthcare solutions will help us advance value-based care using our proprietary models that provide solutions for both the financing and delivery of care while allowing us to share in risk.”

Before joining Signify Health, Dr. Rothman served as Senior Medical Officer at Aspire Healthcare, the nation’s largest provider of in-home, non-hospice palliative care, and before that as the Enterprise Chief Medical Officer at Kindred Healthcare, Inc., the nation’s largest provider of integrated post-acute care services. He previously directed post-acute medical services for the Kaiser Permanente San Francisco Medical Center and practiced geriatric, post-acute, palliative, and home-based primary care medicine with the Permanente Medical Group.

“I am excited to join Signify Health during this time of accelerated growth and change. Our traditional healthcare system is undergoing a big transformation toward value-based care and Signify Health is at the forefront,” said Dr. Rothman. “I am eager to lead this shift toward keeping people healthy and happy in their homes and communities.”

A graduate of the New York University School of Medicine, Dr. Rothman completed his internship and residency in Internal Medicine, and fellowships in Geriatric Medicine and Clinical Epidemiology, at the Yale University School of Medicine. He is also the founder of the Dementia Spring Foundation, a non-profit 501(c)(3) organization focused on improving quality of life for persons with dementia, their families, and caregivers, and he is a director of the HealthDrive Corp. in Boston, MA, which provides ancillary clinical/medical services to custodial nursing home residents in multiple states.

Kathleen Tourjee leads the Signify Health Human Resources function. Tourjee brings more than 25 years of diverse human resources experience from mid- to large-sized global organizations and has served in leadership roles at both public and private healthcare companies, including WebMD and Pfizer.

“Kathi’s passion and experience in building a strong, inclusive corporate culture will help our employees thrive in their careers and attract the industry's best talent,” said Armbrester. “I am confident that she will help employees at Signify Health live our core values and fulfill our mission of transforming how care is paid for and delivered so that people can enjoy more healthy, happy days at home.”

Tourjee joins Signify Health from WebMD where she served as the Vice President in charge of Human Resources. Prior to joining WebMD, Tourjee was with Pfizer where she started as a chemical process engineer in pharmaceutical manufacturing, but eventually switched to human resources where she progressed through increasing levels of responsibility to lead the global compensation, benefits and wellness programs.

“I am looking forward to what we can accomplish in cultivating a corporate culture that supports our brand values of being adaptive, inclusive, compassionate and accountable,” said Tourjee. “This is a great time to join Signify Health. Our growth and leadership position is supported by a workforce that is committed to driving change, being inclusive and making a difference in the lives of the people we serve.”

Tourjee earned her M.S. in Business Management at the Rensselaer Polytechnic Institute and a B.S. in Chemical Engineering at the University of Connecticut. She serves on the Board of Directors for both the Connecticut Veterans Legal Center and the Family Service of Southeastern Connecticut.

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