Mostashari Launches ACO Start-up Company | Healthcare Informatics Magazine | Health IT | Information Technology 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

Get the latest information on Health IT and attend other valuable sessions at this two-day Summit providing healthcare leaders with educational content, insightful debate and dialogue on the future of healthcare and technology.

Learn More

Topics

News

KLAS Research: Small Hospitals’ Buying Decisions Impacting EMR Market Share

A new KLAS Research report tracks shifts in electronic medical record (EMR) vendor market share among acute care hospitals, and finds that smaller hospitals are seeking technology solutions that meet their needs and limited budgets, and these contracts are making a mark on the EMR market.

Survey: Majority of Providers Predict Success for New Generic Drug Company, Project Rx

Back in January, four health systems, in consultation with the VA, announced a collaboration to develop a new, not-for-profit generic drug company. A survey has found that 90 percent of providers say they would become customers of the new venture.

Personalized Medicine Awareness Low Among U.S. Adults, Survey Finds

Genetics and personalized medicine are not top of mind for the general public in the U.S., according to a recent survey from GenomeWeb and the Personalized Medicine Coalition.

Industry Organizations Praise Senate Passage of VA Mission Act

The U.S. Senate on Wednesday passed, by a vote of 92-5, a major Veterans Affairs (VA) reform bill that includes health IT-related provisions to improve health data exchange between VA healthcare providers and community care providers.

NIH Issues Funding Announcement for All of Us Genomic Research Program

The National Institutes of Health’s (NIH) “All of Us” Research Program has issued a funding announcement for genome centers to generate genotype and whole genome sequence data from participants’ biosamples.

MGMA: Physician Compensation Data Illustrates Nationwide PCP Shortage

Primary care physicians’ compensation rose by more than 10 percent over the past five years, representing an increase which is nearly double that of specialty physicians’ compensation over the same period, according to the Medical Group Management Association (MGMA).