Aledade is the physician enablement company that helps health centers, clinics, and independent practices in deliver better care to patients and thrive in value care. Aledade’s scalable model includes user-friendly guided workflows, data analytics, strong payer relationships, healthcare policy expertise, and integrated care solutions. These tools help the company to succeed financially while keeping people healthy.
The funding round Series E was led by OMERS Growth Equity. Among other participants were Fidelity Management and Research Company, as well as a number of already invested companies. The money raised is planned to be used for more value-based arrangement offerings for seniors covered by Medicare Advantage. Moreover, Aledade is going to expand offerings under its new subsidiary, Aledade care Solutions.
Aledade, Maryland, the USA, was founded by Dr. Farzad Mostashari in 2018. “When we started Aledade nearly a decade ago, we made a bet that if we empowered primary care doctors with the right insights, technology, and contracts that paid for value, we could improve patient outcomes, cut wasteful spending, and create a scalable business model for these practices and Aledade to thrive,” CEO and co-founder Dr. Farzad Mostashari. As of now, Aledade operates in 37 states with over 1000 independent primary, care practices, including 140 federally qualified centers that covered more than 1.7 million patients. The company plans to expand across the country and grows its strategic partnership with MA plans. Aledade operations improve the quality of care and health outcomes while at the same time controlling costs in all types of contracts. It is projected to save more than $1 billion in total costs saving in the health care system.