Aledade, Inc. announced it raised $122 Million in an initial filing from an offering of $122 Million
Aledade, Inc. announced it raised $122 Million in an initial filing from an offering of $122 Million
06/07/22, 3:44 PM
Location
bethesda
Money raised
$122 million
Industry
information technology
Company Info
Location
4550 montgomery avenue
bethesda, maryland, united states
Additional Info
Aledade's growth has been driven by the success of its tech-enabled, physician-led model, in which the company shares in the reward of both government and commercial value-based contracts with participating independent practices. "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," said Farzad Mostashari, MD, CEO and co-founder of Aledade. At this scale, a one percent increase in the savings rate attained by Aledade's risk-bearing physician networks can generate an additional $100 million in revenue — revenue that goes back to practice partners and enables Aledade to invest aggressively in innovation that improves patient care and increases medical cost savings. "With this financing, Aledade is extremely well-positioned in this market environment to accelerate our work to meet patients where they are, especially in Medicare Advantage, and seize new opportunities to expand wraparound patient care services. "Aledade is differentiated among primary care innovators because of its model, which is centered on physician independence, helping to consistently deliver improved clinical quality and outcomes - while also growing shared savings across the healthcare ecosystem. Founded in 2014, Aledade is the leading physician enablement company helping independent practices, health centers, and clinics deliver better care to their patients and thrive in value-based care.