Elevance Health is betting big on primary care with a new nationwide partnership with Aledade.
The team-up will focus on assisting primary care practices in transitioning to value-based care, to boost health outcomes and lower costs. Independent primary care practices that are within the insurer's network will be able to access Aledade's suite of technology and local, in-person services.
Aledade's platform provides the tools, support and resources that PCPs need to roll out value-based care, the companies said.
“Healthcare reimbursement based on outcomes instead of quantity of services has been debated for decades. Too often, primary care providers want to make this transition but struggle,” said Bryony Winn, president of health solutions at Elevance Health, in a statement. “Partnering with Aledade empowers our independent care provider partners with the tools and insights they need to provide higher quality, more affordable care while succeeding financially.”
Aledade partners with more than 1,000 practices across 37 states, including 140 value-based care contracts covering 1.7 million patient lives. Earlier this year, it banked $123 million in funding, hitting a valuation of $3.1 billion.
“After more than a decade, the data has clearly shown that value-based care centered on independent physicians leads to care that is good for patients, good for doctors, and good for society,” said Farzad Mostashari, M.D., CEO and co-founder of Aledade. “Elevance Health continues to be a leader in supporting physicians in the shift to value, and this collaborative effort will help improve the lives of their members while strengthening anchors of primary care in communities across the country.”