Aledade announced that is launching eight accountable care organizations in seven states next year. The ACO startup firm said that the additions will expand its portfolio to more than 100 physician practices and 80,000 Medicare beneficiaries in 11 states.
In June, Bethesda-based Aledade secured $30 million in series B funding, led by ARCH Ventures Partners and backed by Venrock. Aledade is led by Farzad Motashari, former National Coordinator for Health Information technology at the US Department of Health and Human Services. Motashari was an architect of health care reform.
CMS has not yet approved Aledade’s applications. The agency will announce its list of 2016 ACO additions later this year.