Farzad Mostashari, MD, the former National Coordinator for Health IT, has launched a new company designed to help independent primary care physicians form and join accountable care organizations.
The startup, called Aledade, aims to provide physician clients an affordable way to access all the tools necessary to create an ACO, from consulting services to capital loans to new technology. The company does not charge an up-front fee, but rather takes a 40 percent cut of the savings realized through the ACO.
In the launch announcement, Dr. Mostashari said his work with the ONC promoting the adoption of health IT was about giving providers the necessary tools to improve care delivery — a goal his new company shares.
"For me, health IT was never the 'ends,' but a 'means' to better health and better care," he wrote. "Empowering doctors on the frontlines of medicine with cutting edge technology that helps them understand and improve the health of all their patients — that is the mission of our new company, and one that has animated my entire career."
Aledade's leadership team also includes former ONC official Mat Kendall, who in March resigned his post as the department's regional extension center chief.
Aledade is backed by health IT venture capital firm Venrock.
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