Aledade, a Bethesda, Md.-based company started by Farzad Mostashari, M.D., and focused on physician-led accountable care organizations (ACOs), is forming a new ACO in New Jersey under this model.
The organization announced yesterday that Aledade’s ACO in New Jersey will benefit from the support of a local healthcare leader, the New Jersey Academy of Family Physicians (NJAFP). In New Jersey, Aledade will work with the NJAFP to achieve the shared goal of helping primary care physicians embrace practice innovations and transformation to achieve the best quality care. Aledade has already recruited local, independent primary care practices to join the statewide ACO and will continue to add practices as it works toward a January 2018 launch, officials said in an announcement.
Aledade’s focus is offering a new model of primary care by partnering with physicians to build and lead ACOs. Founded in 2014, Aledade’s accountable care network has grown to include 200 independent, physician-led practices across 15 states that together represent 240,000 covered lives and $2 billion in healthcare spending. Aledade’s value-based primary care model now delivers care across all payer and patient populations, including Medicare, Medicare Advantage, Medicaid, and commercial health plans.
In New Jersey, Aledade will look to partner with physicians to provide the software, data, and people needed to succeed in value-based healthcare. Aledade attests that it offers physicians regulatory expertise; innovative technology and data analytics that provide visibility into the spectrum of care their patients receive outside their office; and face-to-face practice transformation support.
“Aledade believes primary care physicians are uniquely positioned to lead the shift to and succeed in the new value-based healthcare system. We are excited to help New Jersey physicians take advantage of our innovative care model that allows them to practice medicine how they’ve always wanted to by remaining independent and focusing on patients, not paperwork,” Farzad Mostashari, M.D., CEO and co-founder of Aledade, said in a statement.