Aledade

Aledade is not an asset manager or family office; it is an operating company that deploys capital into building and running accountable care organizations. Capital allocation is governed by the executive leadership team under CEO and co-founder Farzad Mostashari. The firm has raised venture funding — its board includes partners from Venrock and NaviMed Capital — but does not operate an investment portfolio.

Aledade takes a percentage of the shared savings it generates for member practices across Medicare, Medicare Advantage, Medicaid, and commercial ACO contracts. It does not charge membership fees. The model pays only when practices achieve measurable cost and quality improvements against benchmarks.

No. Aledade does not own medical practices or employ physicians. It provides the analytics platform, practice transformation support, and regulatory infrastructure. Participating practices remain independently owned and operated, which distinguishes the model from private-equity-backed roll-up strategies.

Aledade participates in multiple CMS payment models, including the Medicare Shared Savings Program and the new ACCESS model starting in 2025. CEO Farzad Mostashari previously served as National Coordinator for Health IT, and the firm maintains a dedicated policy institute and chief policy officer. The firm does not lobby but actively shapes value-based care regulation through public comment and model participation.

Aledade is a Delaware public benefit corporation. This legally commits its board to consider the interests of member practices, patients, and communities alongside shareholder returns. The distinction is structural, not marketing — the governance documents embed the mission into fiduciary duties.