Aledade and Medical Advantage Team Up To Expand Value-Based Care in Michigan
May 01 2024 - 10:03AM
Aledade, the nation’s largest and most successful network of
physician-led value-based care, announced today that it has
acquired Michigan-based Medical Advantage, which since 2014 has
operated as a wholly-owned subsidiary of The Doctors Company, the
nation's largest physician-owned medical malpractice
insurer.
The partnership bolsters Aledade’s status as the nation’s
preeminent primary care Accountable Care Organization (ACO) network
and a recognized leader in value-based care. It also expands
Michigan physician partnerships with Aledade from 35 to
approximately 700. Aledade also will sustain Medical Advantage’s
status as a physician organization able to participate in
value-based care arrangements with both public and private payers,
including Blue Cross Blue Shield of Michigan.
“This is the merger of two organizations dedicated to doing
what’s good for patients, practices and society,” said Farzad
Mostashari, M.D., co-founder and CEO of Aledade. “Working together,
we can help more independent primary care practices in Michigan not
only to participate, but succeed, in value-based care. This
partnership means more Michigan primary care physicians will have
support in doing what they do best - keeping Michiganders
healthy.”
Medical Advantage provides physicians with technology, tools,
best practices and in-practice support. This includes quality
performance, risk adjustment, cost management services, information
technology and analytics. Medical Advantage consultants also work
directly with clinicians in the community to facilitate
collaboration with home health, skilled nursing facilities,
dialysis centers and local hospitals. As a result of the
acquisition, Medical Advantage President Paul MacLellan will now
become the new president of Aledade’s Michigan market.
“For over 25 years, Medical Advantage has helped independent
practices maximize clinical and financial outcomes through a broad
set of practice improvement services and hands-on support,”
MacLellan said. “We are thrilled to join Aledade to bring our
shared vision for improving healthcare while supporting the
sustainability and performance of independent physician practices
in our network.”
Five Aledade ACOs were among the top 10 MSSP ACOs throughout the
United States, according to the most recent Medicare Shared Savings
Program (MSSP) performance year. Aledade partners with a wide range
of physician practices in each of its ACOs, from small practices to
rural, community-based clinics to large, multi-site, suburban
practices. Aledade’s proven playbook includes a proprietary
technology platform and in-person coaching to guide practice
workflows and a growing set of centralized services and programs
that help independent physicians improve patient outcomes.
“For many years, Medical Advantage has helped Michigan
independent physicians provide better care for patients, while
improving quality scores to enable increased financial stability
and success,” said Robert Jackson, M.D., President of Accountable
Healthcare Advantage, a Michigan physician organization partnered
with Medical Advantage. “Combined with the strength and scale of
Aledade, Michigan independent physician practices should benefit
from enhanced capabilities and accelerated value-based care
performance.”
About AledadeAledade, a public benefit
corporation, is the largest network of independent primary care
providers in the country, helping independent practices, health
centers and clinics deliver better care to their patients and
thrive in value-based care. Through its proven, scalable model,
which includes cutting-edge data analytics, user-friendly guided
workflows, health care policy expertise, strong payer relationships
and integrated care solutions, Aledade empowers physicians to
succeed financially by keeping people healthy. Together with more
than 1,900 practices, federally-qualified health centers and
community health centers in 45 states and the District of Columbia,
Aledade shares in the risk and reward across more than 200
value-based contracts representing more than 2.5 million patient
lives under management. To learn more, visit www.aledade.com or
follow on X (Twitter), Facebook or LinkedIn.
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Hiran Ratnayake
Aledade
(302) 299-3562
hratnayake@aledade.com