Signify Health Investor Conference Presentation Deck

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Healthcare

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January 2022

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#1signifyhealth. JPMorgan Healthcare Conference January 10-13, 2022 Homeward.#2--> Forward looking statements This presentation contains forward-looking statements. All statements other than statements of historical fact included in this presentation 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 2021 Outlook, including our 2021 estimates for total GAAP revenue, total Adjusted EBITDA, in-home evaluations, program size and weighted average savings rate improvements, 2022 revenue and adjusted EBITDA growth, our ability to continue to gain traction in our Transition to Home solution, the ability of our Transition to Home solution to positively impact savings rates in both the BPCI-A program and on non- BPCI-A episodes, the launch of our Signify Health partner program, and our plan to utilize the proceeds from our IPO to expand our investment in value-based payment programs and in our product portfolio. 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: the COVID-19 pandemic and whether the pandemic will continue to subside in 2022; our dependence upon a limited number of key customers; our dependence on certain key government programs; our failure to maintain and grow our network of high-quality providers; 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; failure of our existing customers to continue or renew their contracts with us; failure of service providers to meet its obligations to us; seasonality that may cause fluctuations in our sales, cash flows and results of operations; our failure to achieve or maintain profitability; our revenue 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; inaccurate estimates and assumptions used to determine the size of our total addressable market; changes in accounting principles applicable to us; incorrect estimates or judgments relating to our critical accounting policies; increases in our level of indebtedness; 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 from health plans; 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 signifyhealth. 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 comply with, and changes to, laws, regulations and standards relating to privacy or data protection; our ability to obtain, maintain, protect and enforce our intellectual property; our dependence on distributions from Cure TopCo, LLC, our operating subsidiary, 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 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 business; risks associated with an increase in our indebtedness; 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, 2020, 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 presentation. 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. This presentation contains certain financial measures not presented in accordance with generally accepted accounting principles in the United State ("GAAP"), including Adjusted EBITDA, which is used by management in making operating decisions, allocating financial resources, and internal planning and forecasting and for business strategy purposes. Adjusted EBITDA is not a measure of financial performance in accordance with GAAP and may exclude items that are significant in understanding and assessing our financial results. Therefore, this measure should not be considered in isolation or as an alternative to GAAP measures. Our presentation of Adjusted EBITDA 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. There are other non-GAAP financial measures which should be considered only as a supplement to, and not as a superior measure to, financial measures prepared in accordance with GAAP. Please refer to the Appendix of this document for a reconciliation of Adjusted EBITDA to the most directly comparable financial measure prepared in accordance with GAAP. This presentation includes market and industry data and forecasts that we have derived from independent consultant reports, publicly available information, various industry publications, other published industry sources, and our internal data and estimates. Independent consultant reports, industry publications, and other published industry sources generally indicate that the information contained therein was obtained from sources believed to be reliable. The inclusion of market estimations, rankings, and industry data in this presentation is based upon such reports, publications, and other sources and our internal data and estimates and our understanding of industry conditions. Although we believe that such information is reliable, we have not had this information verified by any independent sources. You are cautioned not to give undue weight to such estimates. All trademarks, service marks, and trade names appearing in this presentation are the property of their respective holders. 2#3--> National leader in value-based care signifyhealth. Driving the shift to value- based care and enabling more healthy, happy days at home NYSE: SGFY 1) As of, or for the year ended 12/31/2021 signifyhealth. Managing clinical, social, and behavioral health needs for people in every county through provider networks, $5.2B 700+(1) technology and analytics. healthcare spend managed in 2020 health systems & provider groups 1.4M 600+(1) homes visited in 2020 clinical & social care coordinators 10K(1) 10%+(1) providers in network reduced hospital readmissions 3#4→Advancing our mission. Enabling more healthy, happy days at home for the people we serve HOME Do more in and around the home to engage consumers in their health ● VALUE • Enable more risk-taking, analytical insights, and success in value-based payment arrangements CARE Integrate clinical and social care for a more holistic patient experience signifyhealth. 4#5--> Propelling the rise of value-based programs Driving success across all Value-based programs Medicare Advantage (MA) Managed Medicaid BPCI-A Episodes (Bundled Payment for Care Improvement - Advanced Model) signifyhealth. ACO (Accountable Care Organizations) Commercial Episodes (Bundled Payment for Payors & Employers) Our mission Transform how care is paid for and delivered so that people can enjoy more healthy, happy days at home signifyhealth. Our vision To build a healthier place for us all to live and age in Long-term relationships with payors, providers and employers Humana CONN NNECT STATE OF ECTIC COMPTROLLER A Ascension Anthem. Advent Health OPTUM™ CENTENE EmblemHealth ORLANDO MEMORIAL HEALTH WellCare SENTARAⓇ Intermountain' Healthcare Independence Proliance SURGEONS Geisinger aetna CAMBIA HEALTH SOLUTIONS Oscar Regence UHS Beaumont BAPTIST HEALTH ST. JOSEPH Regional Medical Center Priority Health HCSC Health Care Service Corporation 5#6--> Homeward: broad and expanding product portfolio Helping individuals stay healthy & independent at home Home & Community Services Manage individuals in an episode & drive recovery home Episodes of Care Services signifyhealth. In-home evaluative services Healthy days at home Diagnostic & preventative services Episodes of care services Clinical & social care coordination Customized Clinical & Social Care Coordination programs can be deployed across key offerings Post-acute mgmt. services col 6#7--> Transition to Home is key synergy of ECS and HCS Transition to Home 6 months post-launch Live at 60+ hospitals across 10 states Increased program flexibility with ability to activate at any point along an episode ● ● CAPE FEAR VALLEY HEALTH Beaumont & Premier Health Ardent" HEALTH SERVICES Data based on Signify's tracked field feedback and call logs from 2/1/2021 through 5/31/ 2021 signifyhealth. ● ● ● ● ● O • Program results 42% average patient contact rate 8 88 888 2-4 social needs identified per patient with 50%+ addressed 60%+ average patient engagement rate + 8 Low double digit reduction in readmissions to date for TTH patients 7#8Our platform creates a flywheel effect that drives improvement and growth ● ● ● ● ● ● ● Extensive capture beyond traditional data sets into the home and community Real-time data from providers, payors, and CMS Reduce unnecessary facility time More healthy days at home Better consumer experience Shared program savings Appropriate payment for risk assumed signifyhealth. Capture data Improve outcomes Generate insights Deliver actions ● ● ● Risk stratification and predictive modeling Targeted consumer engagement Site-of-care optimization Incentive alignment Access and coordination across care continuum: ambulatory, acute, post-acute and the home Holistic care model: clinical, social, and behavioral 10⁰#9-> Analytics, networks, and technology combine to power and create value-based programs Algorithms powering insights on 40M members in our data chassis(1) signifyhealth- Data capture & analytical insights & signifyhealth. Networks å driving holistic Care Technology- enabled actions 1) As of, or for the year ended 12/31/2021 Decision support Savings opportunity pathways analyses 10K(1) physicians & nurses deployable to all 50 states >200(1) community- 888based organizations Network Enablement Smart applications Device hub boog Logistics & routing Consumer Engagement 8 8 >3,000(1) value-based provider sites Outreach >600(1) clinical & social care coordinators Segmentation Coordination Episodes of Care Programs ME Optimization Pricing & payment Sharing in risk Prevent adverse events Manage conditions holistically Align payment incentives Healthy days at home 9#10→>Expanding platform into novel value-based episodes of care Program Enablement Long-standing experience as a leading enablement platform for programs driving value-based payment innovation signifyhealth. Supporting value-based programs In-Home Evaluations, Clinical & Social Care Coordination Health plans in Medicare Advantage and Managed Medicaid Humana. CENTENEⓇ Corporation aetna CAMBIA HEALTH SOLUTIONS OPTUM™ --> Program Creation Leveraging our established infrastructure to launch novel program arrangements in commercial market Partnering in value-based programs Episode Bundled Payments • Health system and provider group partner network in BPCI and BPCI-A Ascension UHS Advent Health Geisinger Beaumont Intermountain Healthcare Designing value-based programs Expanded Program Innovation in Commercial Market • Novel commercial episode programs for payors & employers, covering procedural and chronic conditions STICU TREND TICK COMPTROLLER CAMBIA HEALTH SOLUTIONS superior healthplan 10#11→> Launching Signify Health partner program 10K+ providers across the U.S. Behavioral health Quartet signifyhealth. Member engagement Patient Bond Population Health Leveraging our networks & people... 3K+ value based provider sites ... to expand solutions across our product portfolio referwell (8 600+ clinical & social care coordinators Remote patient monitoring Center Health 888 Distribution channels to employers HealthComp 200 community-based organizations Care optimization MEDALOGIX Center Health Social determinants of health 11#12--> Large addressable market with strong tailwinds Enrollment in Addressable Programs Value-based Spend Members enrolled in Medicare Advantage and Medicaid Managed Care Signify IHE's conducted in 2020 79 million(¹) signifyhealth. 1.4 million -$400 billion (²) ~$142 billion (²) $5.2 billion 1) Reflects 2020 Medicare Advantage enrollment per CMS and 2018 Medicaid Managed care enrollment per Medicaid.gov 2) Health Care Payment Learning & Action Network 2018 Alternative Payment Model (APM) Report Spend under value-based care in government and private / commercial lines of business Spend under value-based care alternative payment models with downside risk Signify 2020 episode spend under management 60-70% of healthcare payments expected to be tied to value-based care by 2025 12#13-> Attractive financial model, growth, and profitability $502 signifyhealth. 2019 Revenue ($ in millions) CAGR: 23% (2) $611 2020 $755-770E 2021 Guidance 1) See Appendix for "Reconciliation from GAAP net loss to Adjusted EBITDA" for a reconciliation of Adjusted EBITDA to net loss and the calculation of Adjusted EBITDA Margin 2) Reflects mid-point of 2021 guidance range Adjusted EBITDA(1) ($ in millions) $93 2019 CAGR: 33% (2) $125 2020 $160-170E 2021 Guidance Current visibility to 20%+ 2022 revenue and corresponding Adj. EBITDA growth 13#14--> National leader in value-based care signifyhealth. Driving the shift to value- based care and enabling more healthy, happy days at home NYSE: SGFY 1) As of, or for the year ended 12/31/2021 signifyhealth. Managing clinical, social, and behavioral health needs for people in every county through provider networks, $5.2B 700+(1) technology and analytics. healthcare spend managed in 2020 health systems & provider groups 1.4M 600+(1) homes visited in 2020 clinical & social care coordinators 10K(1) 10%+(1) providers in network reduced hospital readmissions 14#15Appendix signifyhealth. 15 -#16--> Reconciliation from GAAP Net Loss to Adjusted EBITDA $ in millions Net loss Interest expense Loss on extinguishment of debt Income tax (benefit) expense Depreciation and amortization Other expense (income), net Asset impairment Equity-based compensation Customer equity appreciation rights signifyhealth. Transaction-related expenses SEU expense Other(2) Adjusted EBITDA Adjusted EBITDA Margin Year Ended December 31 2020 (14.5) 22.2 0.9 62.3 9.0 0.8 12.1 12.4 15.2 4.5 124.9 20.5% 20191 (28.5) 21.2 0.1 66.0 (1.6) 6.4 4.5 1 22.4 2.8 93.3 18.6% 1) Remedy acquisition completed on 1/15/2019. 2) Other includes remeasurement of contingent consideration, non-recurring expenses, including those associated with one-time costs related to the COVID-19 pandemic, the closure of certain facilities, the sale of certain assets and the early termination of certain contracts. 16#17--> Successful model for In-Home Evaluations (IHES) Letter Phone call Email signifyhealth. Text message Omni-channel outreach Schedule Member receives automated reminder call Scale 10K provider network across 50 states Pre-visit • Schedules appointment with Member Engagement Coordinator Levers of Success Technology Consumer engagement and network enablement Medication review In home evaluation ● Clinical SDOH assessment assessment . Preventative diagnostic tests Lab tests PAD test Data capture Up to 240 data points captured in each IHE Diabetic eye exams Holistic care model Clinical, social, and behavioral Social & clinical care coordination Post-visit Ongoing patient monitoring 17#18→> Successful model for Episodes of Care PCP visit/ cardiologist referral Specialist visit: coronary artery disease Dx | P signifyhealth. 365-day coronary artery disease "chronic condition" episode Episode-based contracts Hold providers accountable for quality and cost Patient has chest pain, goes to ER Tech, tools & analytics Give providers resources to improve care delivery Patient undergoes angioplasty surgery Discharge to inpatient cardiac rehabilitaion facility Levers of Success Clinical & social care coordinators Connect patients with vital community resources Discharge patient to home 90-day angioplasty "procedural" episode Clinical & financial Identify opportunities for the biggest impact on outcomes Outpatient cardiac rehab Ongoing medications required 8 8 8 8 Collaborative decision support Help providers make optimal care choices 18

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