Partnership Will First Launch Value-Based Care
Solution Offering to Hawai'i Provider Community
ALHAMBRA, Calif., July 17,
2024 /PRNewswire/ -- Astrana Health, Inc. (together
with its subsidiaries and affiliated entities, "Astrana") (NASDAQ:
ASTH), a leading provider-centric, technology-powered healthcare
company enabling providers to deliver accessible, high-quality, and
high-value care to all, today announced a strategic partnership
with Elation Health, the clinical-first technology company powering
innovation in primary care with more than 32,000 clinicians caring
for over 15 million patients using its electronic health record
("EHR") platform.
Astrana and Elation will partner to empower primary care
providers in value-based care. In partnership, the organizations
plan to scale risk-bearing entities, including accountable care
organizations and clinically integrated networks, anchored by
existing and future affiliate providers. Together, the
organizations will support independent physicians with the tools to
deliver coordinated, high-quality care and to successfully
participate in value-based care arrangements. Specifically, for
providers in these risk-bearing entities, Elation will provide its
award-winning EHR platform, practice transformation, and billing
technology. Meanwhile, as the exclusive care enablement partner for
these risk-bearing entities, Astrana will deploy its value-based
care platform and enablement solutions, including value-based
contracting and credentialing, AI-driven population health
analytics, its NCQA®-certified HEDIS gaps in care engine, care
management and disease management platform, and other
administrative services, such as billing, coding, and call center
solutions.
To demonstrate its commitment to this innovative new venture,
Astrana has agreed to provide its Care Enablement platform to
support an existing provider organization in Hawai'i as a first
example of a model that closely integrates Elation's EHR technology
with Astrana's value-based care infrastructure and care management
capabilities. Jointly, the two organizations will work with a group
of over 100 primary care providers serving over 20,000 primarily
Medicare patients in the Hawai'i market and support the group as it
continues to grow while investing in high-quality, high-value,
accessible primary and multi-specialty care. Astrana will serve as
the group's exclusive care enablement provider, with providers
anticipated to onboard into its Care Enablement platform by the end
of Q3 2024.
"We look forward to a highly collaborative partnership with
Astrana to support our current and future provider partners by
leveraging their value-based care and enablement expertise to
empower the entrepreneurial provider, enhance member experience,
improve outcomes, and lower costs," said Kyna Fong, co-founder and CEO of Elation Health.
"Further, we are excited to be working together with Astrana in
supporting Hawai'i physicians who desire to remain independent
while caring for patients across all reimbursement models, and
expanding the model to other regions."
"We strongly believe that success in value-based care requires
an integrated approach, composed of an EHR that is loved by primary
care providers with analytics and insights delivered in the
provider's workflow, and care models with care management
capabilities that support a patient's whole health. In conjunction,
deep integration of value-based care infrastructure with the tools
that providers use on a daily basis will be key in our pursuit of
the quadruple aim. We believe that our partnership with Elation, a
clinician-forward company with a demonstrated track record of
successfully empowering local independent primary care practices,
creates this innovative, integrated approach to care delivery,"
added Brandon Sim, President and CEO
of Astrana. "We look forward to collaborating with Elation in
bringing their EHR and our Care Enablement platform to providers
across the country with the joint goal of supporting the delivery
of high-quality, high-value healthcare for all."
About Astrana Health
Astrana is a leading
provider-centric, technology-powered healthcare company enabling
providers to deliver accessible, high-quality, and high-value care
to all. Leveraging its proprietary end-to-end technology solutions,
Astrana operates an integrated healthcare delivery platform that
enables providers to successfully participate in value-based care
arrangements, thus empowering them to deliver high quality care to
patients in a cost-effective manner. Headquartered in Alhambra, California, Astrana serves over
10,000 providers and 1 million Americans in value-based care
arrangements. Its subsidiaries and affiliates include management
services organizations (MSOs), affiliated independent practice
associations (IPAs), accountable care organizations (ACOs), and
care delivery entities across primary, multi-specialty, and
ancillary care. For more information, please visit
www.astranahealth.com.
Forward Looking Statements
This press release
contains forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995, Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended, such as statements
about Astrana's operational focus and strategic growth plans and
expectations regarding its ability to successfully partner with
third parties. Forward-looking statements reflect current views
with respect to future events and financial performance and
therefore cannot be guaranteed. Such statements are based on the
current expectations and certain assumptions of Astrana's
management, and some or all of such expectations and assumptions
may not materialize or may vary significantly from actual results.
Actual results may also vary materially from forward-looking
statements due to risks, uncertainties and other factors, known and
unknown, including the risk factors described from time to time in
Astrana's reports to the Securities and Exchange Commission
("SEC"), including without limitation the risk factors discussed in
Astrana's Annual Report on Form 10-K for the year ended
December 31, 2023, filed with the SEC
and any subsequent quarterly reports on Form 10-Q.
FOR MORE INFORMATION, PLEASE CONTACT:
Investor Relations
Asher Dewhurst
investors@astranahealth.com
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SOURCE Astrana Health, Inc.