Aledade Celebrates 5th Birthday With the Start of 5 Accountable Care Organizations
Today, on the fifth anniversary of its founding, Aledade announced the entry of 16 accountable care organizations (ACOs) in Medicare’s new Pathways to Success program. These ACOs, five of which are newly formed this year, will begin operations on July 1, the start of the new program year.
In those five years, the company has grown to operate 27 ACOs in 25 states, made up of more than 6,500 providers who together are now responsible for about 650,000 patients. Overall, Aledade’s partner providers are managing more than $3.5 billion in health care spending.
“Five years ago, we founded Aledade with the core belief that with the right help, independent primary care physicians can thrive in the new, value-based health care system,” said Aledade CEO and Co-founder Dr. Farzad Mostashari. “Through hard work and partnership with our doctors, Aledade has helped thousands of physicians deliver better health outcomes, reduce overall health care spending, and keep their practices growing and thriving.”
In addition to its success in the Medicare market, Aledade has also grown its commercial business by contracting with leading health plans to provide care to beneficiaries in 12 states. For example, in North Carolina, more than 50 practices serving 50,000 Blue Cross and Blue Shield of North Carolina have enrolled in Aledade’s North Carolina ACOs since the start of the year.
Of the 16 Medicare ACOs Aledade will launch in July, 11 are enrolled in the two-sided risk tracks of Medicare’s Pathways to Success program.
Aledade’s ACO practices have proven effective at improving quality of care and patient health outcomes while lowering the total cost of care in a variety of value-based arrangements with Medicare, Medicare Advantage, and commercial health plans. In 2018, Aledade ACOs reduced hospitalizations by an average of 6 percent, reduced emergency department visits by an average of 6 percent, and reduced the number of stays at skilled nursing facilities by an average of 17 percent.
The newly formed Aledade ACOs launching into the Pathways to Success program are in:
- North Carolina, composed of 15 practices
- Kansas, composed of five health centers
- Alabama, with Southview Medical Group, PC
- Louisiana, with Imperial Health LLP
- Pennsylvania, with Integrated Medical Group, PC
Read the full press release here.