Babylon Healthcare and Sickcare Overview
Babylon
VBC
Babylon VBC has Rapidly Scaled and Reduced High
Cost Care Utilization by HSH Members
CENTENE®
Corporation
Babylon has Achieved Rapid Engagement with the
Home State Health (HSH) Member Population...
Home State Health - Illustrative Penetration Over Time
Penetration
% households
signed up
HSH VBC
penetrated(1)
-20% (2) of member
...and Early Evidence Suggests Babylon's Value
Based Care Reduces Unplanned ER Visits...
Home State Health - ER Visit Reduction
Mar-21
Feb-21
households in 5
Jan-21
months
Dec-20
Nov-20
20%
As of Q2 2020 Oak
Oct-20
Street Health
indicated less than
5% penetration (1) of
5%
total patients in its
existing markets
47%
31%
44%
40%
50%
33%
Patients that booked digital consults said
they would have used ER or Urgent Care (3)
if Babylon's services had not been
available
...Thus Enabling Cost Savings and
Driving the Profitability Increase
Babylon VBC(4) – Gross Margin Improvement
-
+ 820 bps
+ 1,215 bps
Q4-20 vs. Oct-20 Q1-21 vs. Oct-20
(as compared to Oct-20)
5 months
1 year
Time
Source: Management reporting, Oak Street Health corporate presentation (October 2020). Notes:
Babylon defines penetration as the receipt of registration from a household in its covered population. Oak Street Health and other companies in our industry may calculate penetration and similarly titled measures differently, which could reduce the usefulness
of penetration as a tool for comparison.
Within 5 months Babylon obtained at least 1 registration from 584 of 3,169 households in its assigned population.
1)
2)
3)
Based on responses in the Alternative Health Choices survey (as part of consultation booking flow).
4)
Includes all VBC contracts in the US (i.e. Fresno, Home State Health).
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