Bethesda, MD – Today, Aledade, Inc. announced a partnership with PMA Medical Specialists, LLC to form a physician-led Accountable Care Organization (ACO) serving the communities of suburban Philadelphia. In the newly formed Aledade Freedom ACO, PMA Medical Specialists — a multi-specialty physician-led practice — will deliver high-quality, coordinated care to more than 7,800 Medicare beneficiaries from its 18 locations in Chester, Delaware, Montgomery, and Philadelphia counties.
Aledade offers a new model of primary care by partnering with physicians to build and lead Accountable Care Organizations (ACOs) – networks of doctors who band together to deliver coordinated care to patients. The Aledade model operates under a value-based payment structure that rewards physicians for delivering positive health outcomes for patients, rather than for the volume of health care services delivered. Aledade ACOs allow doctors to stay independent, practice medicine like they’ve always wanted to, and thrive by keeping people healthy.
“The Philadelphia area has been a leader in value-based care, but it has lacked ACOs led by independent physicians. We at Aledade have brought this to the Delaware Valley because we believe independent primary care doctors are the foundation of an effective and efficient health care system,” said Dr. Farzad Mostashari, CEO and co-founder of Aledade. “We’re proud to work with a growing, local health care leader in PMA Medical Specialists to improve patient health by delivering quality, personalized, and coordinated care
Aledade will provide PMA’s doctors with unparalleled regulatory expertise; best practices from a national network of hundreds of primary care doctors; user-friendly technology and data analytics that provide visibility into the spectrum of care their patients receive outside their office; and face-to-face practice support.
“As the medical industry continues to move toward value-based care models, we have been committed to developing our quality and care management resources to best position ourselves for those changes. Our partnership with Aledade provides us the next level of information technology and data analytics infrastructure necessary to succeed in a value-based environment.” said Timothy B. Rimmer, CEO, PMA Medical Specialists, LLC.
PMA Medical Specialists was founded in 1969 as a solo-physician practice. It has grown to 54 physicians and twenty certified nurse practitioners and physician assistants who provide medical care to thousands of patients per year. In addition to office-based primary and specialty care, PMA offers a number of high-value services through its diagnostic treatment centers.
“The Aledade Freedom ACO is a unique opportunity to partner with PMA’s independent doctors to help them take advantage of value-based opportunities that have previously only been available to the largest physician networks and hospital providers,” said Ahmed Haque, Executive Director at Aledade.
Since its founding in June 2014, Aledade has grown tremendously, partnering with more than 110 practices in 11 states, covering more than 100,000 patients, and taking accountability for nearly $1 billion in annual medical costs. Aledade is also expanding into new patient populations and entering new markets. Recently, Aledade announced two additional partnerships in Pennsylvania: the Aledade Southeast Pennsylvania ACO with Gateway Medical Associates and the Aledade Pennsylvania ACO with three practices in central Pennsylvania.
New data shows that Aledade ACOs, in 2015, had a 251 percent average practice increase in preventive care visits and a 175 percent average practice increase in transitional care services, resulting in a decrease in hospital readmission rates. Aledade ACOs had a $51,000 average increase in practice revenue in 2015.
All Aledade practices offer same or next day appointments for patients with urgent needs, and 95 percent of Aledade physician partners provide 24-hour-a-day, seven-day-a-week patient access to an on-call doctor. All new and existing ACOs manage these cornerstones of care through Aledade’s proprietary, cloud-based technology and analytics platform.
ABOUT ALEDADE
Founded in 2014, Aledade offers a new model of primary care that puts physicians back where they should be: quarterbacking their patients’ health care. Aledade partners with primary care physicians to build and lead Accountable Care Organizations (ACOs) that allow these doctors to stay independent, practice medicine like they’ve always wanted to, and thrive financially by keeping people healthy. Aledade provides data analytics and user-friendly technology to help doctors provide more seamless care, unparalleled regulatory expertise, the best practices shared by a national network of hundreds of doctors, and face-to-face practice transformation support. Based in Bethesda, MD, Aledade is led by CEO and co-founder Dr. Farzad Mostashari, former National Coordinator for Health Information Technology at the U.S. Department of Health and Human Services. Since its founding in 2014, Aledade has established successful organizations in New York, Delaware, Maryland, Arkansas, West Virginia, Tennessee, Mississippi, Florida, Louisiana, Virginia, and Kansas, which care for more than 100,000 patients.
At the heart of the Aledade model is the simple, but radical, idea that Aledade only succeeds when partner practices succeed in delivering better care at a lower cost. For more information, visit aledade.com. Aledade is a registered trademark of Aledade, Inc.
ABOUT PMA MEDICAL SPECIALISTS, LLC
PMA Medical Specialists is a multi-specialty Physicians Network that understands the importance of providing patients with Continuous Coordinated Healthcare. We are committed to meeting the healthcare needs of our patients by offering a wide-range of medical specialties and patient services to help you stay healthy.
PMA Medical Specialists has office locations throughout Montgomery and Chester counties, including Audubon, Collegeville, Limerick, Paoli, Phoenixville, Pottstown and Schwenksville, PA. Visit pmadoctor.com for a complete list of our locations and specialties.
FOR IMMEDIATE RELEASE:
August 22, 2016
For more information regarding Aledade, contact:
Nick Samonas
press@aledade.com
(202) 792-7200