Lessons from Frank Cheung, Accorded, on sustainable value-based contracting and payment models

This week, we’re super excited to get to know Frank Cheung, co founder and CEO of Accorded, an actuarial intelligence company for value-based contracting. Frank is a health actuary with over 18 years of experience. Prior to starting Accorded, Frank led the Analytics function at Collective Health. Prior to Collective Health, he was at Deloitte Consulting working with institutional payers and providers on value-based care and alternative payment models. And prior to Deloitte, Frank was also at Blue Shield of California. Frank is a Fellow of the Society of Actuaries and a Member of the American Academy of Actuaries.   

Founded in 2019, Accorded is an actuarial intelligence company with a mission to build a frictionless, sustainable value-based contracting ecosystem. To date, value-based care contracting incurs large operational costs in the form of actuarial resources, consultants, and time. The Accorded Platform simplifies and scales value-based contracting with tools to empower companies at any stage of their value-based care journey to forecast, contract around, and validate the financial value of care.

In this episode, Frank discusses the incentives in value-based care, how to pitch to investors unfamiliar with the healthcare world, and his pathway to fixing the frustrations he experienced in 15 years of his career in healthcare.