Related Parties

12 Months Ended

Dec. 31, 2021

The entities described below are considered related parties and the balances and/or transactions with them are reported in our consolidated financial statements.

As discussed in Note 17, the Company had economic interests in several entities that are accounted for under the equity method of accounting, including EVH Passport which has been consolidated into the Company’s financial statements since September 1, 2020. The Company has allocated its proportional share of the investees’ earnings and losses each reporting period. In addition, Evolent has entered into services agreements with certain of the entities to provide certain management, operational and support services to help the entities manage elements of their service offerings.

The Company also works with UPMC, one of its founding investors. The Company’s relationship with UPMC is a subcontractor relationship where UPMC has agreed to execute certain tasks (primarily TPA services) relating to certain customer commitments. This relationship is currently in wind-down.

The following table presents assets and liabilities attributable to our related parties as of December 31, 2021 and 2020 (in thousands):


	December 31,
	2021		2020
Assets
Accounts receivable, net	$	2,719	$	9,474
Prepaid expenses and other current assets	15		51
Prepaid expenses and other noncurrent assets	4,877		4,554

Liabilities
Accounts payable	$	1,967	$	2,509
Accrued liabilities	1,120		1,520
Reserve for claims and performance-based arrangements	734		435

The following table presents revenues and expenses attributable to our related parties for the years ended December 31, 2021, 2020 and 2019 (in thousands):


	For the Year Ended December 31,
	2021		2020		2019
Revenue
Transformation services	$	—	$	5,416	$	4,009
Platform and operations services	45,082		226,339		60,325

Expenses
Cost of revenue (exclusive of depreciation and amortization expenses)	3,063		2,863		28,954
Selling, general and administrative expenses	285		113		991