Bethesda, Md. and Hartford, Conn. – April 23, 2019 – Aledade and Aetna, a CVS Health business, today announced a new agreement to expand value-based care in Delaware and West Virginia. In the arrangement, participating physicians in Aledade’s Accountable Care Organizations (ACOs) will deliver high-quality, coordinated care to patients covered by Aetna’s commercial and Medicare Advantage plans.
“Our partner physicians in Delaware and West Virginia have reduced health care costs by providing better care to thousands of patients in each state. That’s the power of combining primary care physicians with value-based arrangements to keep people healthy,” said Dr. Farzad Mostashari, chief executive officer and co-founder of Aledade. “We are excited to partner with Aetna to bring this model of care to more patients, and we look forward to growing this multi-state partnership.”
For physicians participating in Aledade ACOs, this agreement presents the opportunity to share in a portion of health care cost savings generated from improved quality of care and health outcomes. And for Aetna members, this means benefiting from Aledade’s focus on access to primary care, preventive services, care coordination, and population health management.
“We are delighted to introduce this new partnership to both our commercial and Medicare members, and encourage them to seek their health care through this physician-led care model,” said Martha Carlson, Chief Network and Operations Officer for Delaware and West Virginia. “Through accountable care relationships, we’re working closer than ever with physicians and hospitals to make health care more affordable to both our members and providers, while also improving quality and efficiency.”
Across the country, Aledade ACOs have reduced preventable hospital stays, emergency room visits, and unnecessary medical services, driving more than $55 million in health care cost reductions. Aledade supports physicians with a comprehensive range of capabilities that include: cutting-edge data analytics, user-friendly care management and outreach tools, unparalleled regulatory expertise, strong payer relationships, and local, hands-on support.
Founded in 2014, Aledade partners with independent practices, health centers, and clinics to build and lead Accountable Care Organizations (ACOs) anchored in primary care. Through these ACOs, Aledade empowers physicians to stay independent, practice medicine like they’ve always wanted to, and thrive financially by keeping people healthy. Aledade offers a comprehensive range of capabilities that include cutting-edge data analytics, user-friendly guided workflows, unparalleled regulatory expertise, strong payer relationships, and local, hands-on support from attentive experts. In true alignment with more than 4,000 participating providers in 24 states, Aledade shares in the risk and reward across over 35 value-based government and commercial contracts representing more than 500,000 lives under management. To learn more, visit www.aledade.com or follow on Twitter or Facebook.
Aetna, a CVS Health business, serves an estimated 39 million people with information and resources to help them make better informed decisions about their health care. Aetna offers a broad range of traditional, voluntary and consumer-directed health insurance products and related services, including medical, pharmacy, dental and behavioral health plans, and medical management capabilities, Medicaid health care management services, workers’ compensation administrative services and health information technology products and services. Aetna’s customers include employer groups, individuals, college students, part-time and hourly workers, health plans, health care providers, governmental units, government-sponsored plans, labor groups and expatriates. For more information, visit www.aetna.com and explore how Aetna is helping to build a healthier world. @AetnaNews
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