Doctor enablement firm Aledade has acquired Michigan-based Medical Benefit, which since 2014 has operated as an entirely owned subsidiary of The Docs Firm, the nation’s largest physician-owned medical malpractice insurer.
The acquisition, for an undisclosed sum, expands Aledade’s doctor partnership footprint in Michigan from 35 to roughly 700. Aledade mentioned it additionally would maintain Medical Benefit’s standing as a doctor group capable of take part in value-based care preparations with each private and non-private payers, together with Blue Cross Blue Defend of Michigan.
Bethesda, Md.-based Aledade has grown to work with 1,900 practices, Federally Certified Well being Facilities and neighborhood well being facilities in 45 states and the District of Columbia, It shares within the threat and reward throughout greater than 200 value-based contracts representing greater than 2.5 million affected person lives.
Medical Benefit offers physicians with expertise, instruments, greatest practices and in-practice help. This contains high quality efficiency, threat adjustment, price administration providers, data expertise and analytics. Medical Benefit consultants additionally work straight with clinicians in the neighborhood to facilitate collaboration with residence well being, expert nursing amenities, dialysis facilities and native hospitals. On account of the acquisition, Medical Benefit President Paul MacLellan will now turn into the brand new president of Aledade’s Michigan market.
“That is the merger of two organizations devoted to doing what’s good for sufferers, practices and society,” mentioned Farzad Mostashari, M.D., co-founder and CEO of Aledade, in an announcement. “Working collectively, we might help extra impartial major care practices in Michigan not solely to take part, however succeed, in value-based care. This partnership means extra Michigan major care physicians can have help in doing what they do greatest – holding Michiganders wholesome.”
