Skip to content Skip to navigation

Mostashari Launches ACO Start-up Company

June 18, 2014
by Gabriel Perna
| Reprints
Farzad Mostashari, M.D.

Farzad Mostashari, M.D., the former National Coordinator for Health IT, is starting up a company that aims to help primary care physicians form and connect with accountable care organizations (ACOs).

The startup, called Aledade, launches with $4.5 million in seed funding from New York City-based venture capital firm, Venrock. Mostashari announced the company's formation in a blog post.

In the blog post, Mostashari says the new company will aim to help "independent primary care doctors re-design their practices , and re-imagine their future." This means bringing them together in ACOs, where he says they bring in better care coordination and will be rewarded for value.

On its website, Aledade (which is a device that was used to sight a distant object and use the line of site to perform a task) says it will make it easy for primary care physicians to form ACOs. It will offer resources, services, and technology that are needed to establish an ACO with no upfront costs. It will also offer to manage the bureaucracy of an ACO, to understand and comply with regulations; assist with EHR optimization and workflow redesign; help with quality reporting; benchmarking; patient outreach; and a number of other ACO-related tasks.

With him in the start-up will be Mat Kendall, who worked with the regional extension center program at the Office of the National Coordinator for Health IT (ONC), and Edwin Miller, who has worked at athenahealth, CareCloud, and digiChart.

According to an interview in Modern Healthcare, Mostashari's firm has initial partners in four states-Arkansas, Delaware, Maryland and New York. Once those partnerships are developed, he says the firm will adapt and expand.

After departing ONC as National Coordinator in October, Mostashari joined the Brookings Institution as a visiting fellow. Mostashari joined the government in 2009 as Principal Deputy National Coordinator and took over as the National Coordinator in 2011.

Read the source article at Aledade

Topics

News

CMS Looks to Increase Patient Engagement with New Models

The Centers for Medicare & and Medicaid Services (CMS) has announced two new models from the CMS Innovation Center (CMMI) that will aim to increase patient engagement in care decisions by putting more information in the hands of Medicare beneficiaries.

Medtronic, Fitbit Integrating Health and Activity Data for Diabetes Management

Fitness wearables company Fitbit, based in San Francisco, and Dublin, Ireland-based Medtronic, a medical device company, have teamed up to integrate health and activity tracking for patients living with diabetes and their physicians and care teams.

UC San Diego Health Offering EHR, iPad Access to Patients

Patients at the recently-opened Jacobs Medical Center at UC San Diego Health can be in more command with their own experience by assessing their own medical information, controlling room features and more.

Texas Medical Center, Australia Form BioBridge to Develop Health Innovation

Houston-based Texas Medical Center (TMC) and the Melbourne-based Health Informatics Society of Australia (HISA) are collaborating on a health startup exchange program.

Teladoc Hits 101K Patient Visits in November

Telehealth vendor Teladoc announced this week that it totaled 101,600 e-health patient visits in November, setting a company record.

Research of mHealth Apps Reveals Significant Gaps in Quality

An evaluation of 137 patient-facing mobile health apps revealed that few apps address the needs of the patients who could benefit the most, according to research in December’s issue of Health Affairs.