Former National Coordinator Farzad Mostashari, MD, MSc announced this morning the launch of Aledade, a new company that will help independent physicians form Accountable Care Organizations. The Bethesda, MD startup is backed by $4.5 million in seed funding from Venrock.
Mostashari said in a statement, “Empowering doctors on the front lines of medicine with cutting edge technology that helps them understand and improve the health of all of their patients has been the mission that’s animated my career. That’s Aledade’s mission – and we’ve assembled the best possible team to guide our doctor partners to success in the ACO space.”
The company, which is not tied to any hospital or health plan, says it has initiated partnerships in four areas it has targeted – Delaware, Arkansas, Maryland, and New York City – and will use that experience to create a replicable model that will allow it to expand rapidly over the next year.
Mostashari will serve as Aledade’s CEO. His co-founders are EVP Mat Kendall, formerly ONC’s Director of the Office of Provider Adoption Support, and CTO Edwin Miller, formerly VP of product management for CareCloud.
Aledade will offer primary care doctors services to form an ACO that include on-site clinical support, EHR optimization, implementation of an integrated data and technology platform, quality reporting, provider benchmarking, real-time ADT notification, identification of high-opportunity patients, and patient outreach.
Mostashari adds in a company blog post, “I have also found my cause. It’s to help independent primary care doctors re-design their practices, and re-imagine their future. It’s to put primary care back in control of health care, with 21st century data analytics and technology tools. It’s to support them with people who will stand beside them, with no interests other than theirs in mind. It’s to promote new partnerships built on mutual respect, and business arrangements that will truly reward them for the value that they uniquely can bring- in better care coordination, management of chronic diseases, and preventing disease and suffering. It’s to achieve lower cost through better care and better health. ”