Aledade Raises $20 Million to Grow Value-Based Care Network

Bethesda, Md. – Aledade, Inc., a national leader in value-based care, today announced it raised an additional $20 million in funding. This funding will accelerate Aledade’s efforts to grow its provider network and expand partnerships with commercial and Medicare Advantage health plans. The round is led by Biomatics Capital, with participation from new investors including GV (formerly Google Ventures) and the Maryland Venture Fund, and existing investors Venrock and ARCH Venture Partners.

Aledade’s Accountable Care Organizations (ACOs) are at the forefront of the shift to value-based reimbursement across both public and private payer health care markets. After doubling last year, the Aledade ACO network now includes more than 200 independent, physician-led practices across 15 states that together represent more than 240,000 covered lives and $2 billion in health care spending. In addition to its work with the Medicare Shared Saving Program (MSSP), Aledade has expanded its payment contracts with commercial payers (such as Blue Cross Blue Shield of Kansas and Highmark Blue Cross Blue Shield) and public payers (such as the West Virginia Public Employees Insurance Agency).

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