Humana has inked a 10-year partnership with Aledade to provide value-based care services to its Medicare Advantage members.
The two companies have a long-term working relationship, and, by the end of 2022, more than 100,000 Humana members were Aledade patients, according to an announcement. Their partnership dates back to 2019 in several states, and, since then, the two have been able to reduce inpatient hospitalizations by 5% and readmissions by 12%.
Building on that existing work, the newly minted partnership will allow the two organizations to phase in current agreements as well as new statewide collaboration, which include a pathway to full risk. They plan to continue growing the market as Aledade's national network adds additional practices and markets.
“Humana and Aledade both have a longstanding commitment to value-based care, which focuses on more time with patients for personalized care tailored to the individual’s unique health needs,” said George Renaudin, Humana’s president of Medicare and Medicaid, in the release.
“Aledade was one of the largest value-based care providers for Humana in 2022, and our relationship will continue our goal to improve access to proactive screenings to identify and treat illnesses early," Renaudin added. "With an increased focus on value-based care, our entire health care system can see the results through higher-quality care and lower health care costs.”
As of Dec. 31, Humana deploys more than 1,000 value-based relationships across 43 states and Puerto Rico. This includes its own 235 primary care facilities.
In the insurer's most recent value-based care report, it found that physicians treating patients in these relationships saw 9% fewer emergency department visits. In addition, 86% of patients in value-based care visited their primary care provider at least once in the prior year.
“Through this value-based relationship, Aledade and Humana are making a decade-long commitment to bringing better care to patients, better support to community-based primary care, and lower costs for society,” said Farzad Mostashari, M.D., co-founder and CEO of Aledade. “Making a lasting change in our health care system requires a long-term commitment, and that’s exactly what Humana and Aledade are doing for patients all across the country.”