Like Billy Crystal, there are some people that have had so many roles in health care policy that they are famous to anyone who works in this arena. Farzad Mostashari may have just reached the Billy-Crystal-famous-level in health care circles. Farzad (if we may be so bold as to call the good doctor by his famous first name) served at the CDC, the NYC Department of Health, as the National Coordinator of Health Information Technology for HHS, before dabbling just long enough as a health care reform fellow at Brookings to think about how to launch his own company called Aledade. Using “cutting-edge data analytics,” Aledade — a public benefit corporation — helps independent primary care providers that want to transition to value-based care models. The company’s technology helps practices identify and better manage their most at-risk patients. Swell mission — but does it really work? A few people must think so — not only is Aledade partnering with more than 1,500 primary care organizations, it officially became a unicorn this week. Aledade has an eye-popping valuation of $3.5 billion after raising $260 million in a Series F funding round. There may be pressure to rush to spend all that money, so this may be a good time for Farzad to remember Billy Crystal’s line in Princess Bride: “Don’t rush me, sonny. You rush a miracle man, you get rotten miracles.”
June 23, 2023 | 3 min read
June 23, 2023
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