Aledade, Inc., a provider of data analytics and technology, 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, according to a press release.
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, as the press release noted.
“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.
As the press release cites, new data shows that Aledade ACOs, in 2015, had a 251% average practice increase in preventive care visits and a 175% 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% 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.