MedCity News June 6, 2022
Aledade, a startup that partners with independent practices to establish accountable care organizations, raised $123 million in a Series E funding round. The company plans to use the money to advance its partnerships with Medicare Advantage plans and add solutions to its new healthcare services subsidiary.
The country’s current fee-for-service healthcare system prioritizes treating disease over preventing it, a reality that Aledade CEO and co-founder Farzad Mostashari said “leads to wasteful spending and unnecessary suffering.” That’s why his company partners with independent practices, health centers and clinics to establish accountable care organizations, which are networks of physicians and healthcare facilities that share the clinical and financial responsibility of providing coordinated care. Metrics such as preventable hospitalizations, avoidable emergency department visits...
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