The company recently raised a series of fund as I mentioned at the beginning. And I think your company is now at a post valuation of $3.1 billion. Love to learn what was the purpose of the raise and what are you hoping to do with that capital? One thing I will caution fellow entrepreneurs on is that never confuse your valuation with your value. It's really tempting and easy to use that as like a metric of success. Don't do that ever.
Founded in 2014, Aledade works with over 11,000 physicians across 40 States accounting for 1.7 million patients under management in Medicare, Medicare Advantage, commercial and Medicaid contracts.
Farzad Mostashari has spent his career in health care policy and Health Information Technology.
Farzad previously served as the National Coordinator for Health IT in the Department of Health and Human Services. Prior to his work at the Office of the National Coordinator, he founded the NYC Primary Care Information project, which equipped physicians and underserved communities with electronic health records. He completed medical school at the Yale School of Medicine and a Master’s degree in Population Health from Harvard’s T.H. Chan School of Public Health.
In this episode we talk about Farzad’s journey to healthcare, how he started Aledade, the importance of independent physicians in value-based care, how Aledade scaled as a profitable health tech company, and advice he has for founders.