With Eye on CMS Innovation Models, Apollo Medical Buys Orma Health

Apollo Medical Holdings Inc., whose subsidiaries and affiliates include management services organizations (MSOs), affiliated independent practice associations (IPAs), and a Next Generation Accountable Care Organization (NGACO), has acquired Orma Health Inc., which helps physician groups transition to value-based care.

Alhambra, Calif.-based ApolloMed (NASDAQ: AMEH) says that through leveraging its proprietary technology platform and value-based care experience, it has demonstrated success participating in Centers for Medicare & Medicaid Services Innovation Models. The acquisition of Orma Health serves to accelerate ApolloMed's product roadmap in developing an end-to-end technology platform that enables providers to succeed in all CMS Innovation Models, including Direct Contracting.

Founded in 2020, Orma Health helps physician groups transition to the delivery of value-based care. Its real-time Clinical AI platform ingests data from multiple sources and uses advanced risk-stratification models to identify patients for various clinical programs, including remote patient monitoring (RPM), mental health support, chronic disease management, and more, ApolloMed said. Its clinical platform is also deeply integrated with Orma Health's proprietary RPM ecosystem, which consists of smart health devices and a suite of technology tools to help manage patients' health. Orma Health currently serves over 4,000 aligned Medicare beneficiaries in a Direct Contracting Entity (DCE) and over 2,500 patients in California, Nevada, Arizona and Texas through its RPM platform.