Florida Blue and Aledade announced $14 million in savings over two years through their value-based healthcare collaboration. The partnership, serving over 41,000 patients, improved diabetes control and cancer screening rates while increasing patient outreach. Hospitalizations reduced by 15%, and emergency department visits declined by 1.8%. Aledade received significant venture capital funding, and the Medicare Shared Savings Program saved $1.8 billion. Florida Blue conducted surveys to encourage health coverage enrollment and donated $400,000 to support behavioral health practices at Boys & Girls Clubs of America.
Florida Blue and Aledade have jointly announced savings of approximately $14 million over two years through their collaborative effort in value-based healthcare. This partnership combines the expertise of Florida Blue, a Florida-based insurance plan, and Aledade, the nation’s largest network of independent primary care providers. They have implemented a value-based approach to care delivery within accountable care organizations, benefiting over 41,000 patients.
In a joint press release, it was revealed that the Aledade-Florida Blue Accountable Care Organizations (ACOs) achieved notable outcomes. In 2022, 59 primary care practices participating in the program outperformed the market in managing diabetes and improving screening rates for breast cancer, colorectal cancer, and cervical cancer. Additionally, these practices significantly increased patient outreach through workflow management using the Aledade App, connecting with 75% of patients after inpatient visits.
Furthermore, hospitalizations decreased by 15% between the first and second years of the program, which was twice the reduction observed in other practices in the state (7%). Emergency department visits also followed a similar trend, with the Aledade-Florida Blue ACOs experiencing a 1.8% reduction compared to 0.8% in other practices.
Phil Lee, Vice President of Strategic Provider Partnerships at Florida Blue, emphasized the importance of collaboration in enhancing overall health and well-being, improving provider and patient experiences, achieving better outcomes, and reducing costs.
Ananya Banerjee, Chief Commercial Officer of Aledade, highlighted the significance of physician-led value-based care for all patients, regardless of their health coverage source, including traditional Medicare, Medicare Advantage, commercial health plans, or Medicaid. Florida Blue’s partnership and its value-based care program structure, including sustainable benchmarking methodologies and regional benchmarking, were acknowledged as pivotal in achieving true alignment in value-based care.
Aledade, a public benefit corporation, has experienced significant growth, securing over $380 million in venture capital funding in the past year, valuing the company at $3.5 billion, according to Bloomberg reports.
Additionally, the Centers for Medicare & Medicaid Services (CMS) recently reported that the Medicare Shared Savings Program, for which Aledade serves as the vendor, saved a net $1.8 billion in 2022 for accountable care organizations. This marks the second-highest annual savings in the program’s ten-year history, reaffirming the success of accountable care organizations in delivering high-quality, affordable, and person-centered care.
Florida Blue has also been active, conducting surveys to understand the barriers preventing uninsured individuals from obtaining health coverage and exploring ways to encourage enrollment. The CEO, Pat Geraghty, emphasized their commitment to assisting people during challenging times and simplifying the process of switching or enrolling in plans.
Furthermore, Florida Blue, through its Florida Blue Foundation, recently donated $400,000 to the Boys & Girls Clubs of America to support the implementation of behavioral health practices within these organizations.
