The financial incentives in the for-service payment models is not to prevention. They focus your investments on reading strokes for billions of dollars and treating kidney failure and treating heart failure, not in blood pressure control. You get more money treating these things than ever preventing them in the first place. That was kind of the most recent chapter, which I saw as an entrepreneurial opportunity.
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.