• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to secondary sidebar
  • Skip to footer

  • Opinion
  • Health IT
    • Behavioral Health
    • Care Coordination
    • EMR/EHR
    • Interoperability
    • Patient Engagement
    • Population Health Management
    • Revenue Cycle Management
    • Social Determinants of Health
  • Digital Health
    • AI
    • Blockchain
    • Precision Medicine
    • Telehealth
    • Wearables
  • Startups
  • M&A
  • Value-based Care
    • Accountable Care (ACOs)
    • Medicare Advantage
  • Life Sciences
  • Research

Aledade Acquires Advance Care Planning Company Iris Healthcare

by Jasmine Pennic 01/11/2022 Leave a Comment

  • LinkedIn
  • Twitter
  • Facebook
  • Email
  • Print
Aledade Acquires Advance Care Planning Company Iris Healthcare

What You Should Know:

– Aledade acquires Iris Healthcare, a provider of advanced care planning solutions for tens of thousands of patients across the country. Financial details of the acquisition were not disclosed.

– As Aledade continues to grow exponentially, the company plans to integrate new patient care solutions to help extend the capabilities of its partner primary care practices.

When individuals face a serious illness, healthcare becomes central to their life. In a crisis, every healthcare decision can have a major impact. Iris believes that advance care planning deserve the same level of consideration as buying a home, planning a wedding or any other major life event

Advance Care Planning Solutions

Iris Healthcare is a scalable, personalized, virtual platform model specially designed for comprehensive advance care planning (ACP). Comprehensive ACP is a robust process designed to ensure that people receive medical care consistent with their values, goals, and preferences during serious and chronic illness by formally documenting those wishes in an advance directive. Despite robust literature demonstrating that participation in an ACP program can help improve patient health outcomes and lower unnecessary care utilization, thereby lowering costs, Medicare data reports that only about 2.8 percent of seniors end up having these discussions with their doctor.

The acquisition follows a successful pilot program completed by the companies, which demonstrated better outcomes, higher patient satisfaction and lower costs when using Iris’ service as well as significant improvements through use of Aledade’s predictive algorithm and data, helping better identify patients who could most benefit from ACP.

Iris Healthcare Becomes Part of New Health Services Arm

By helping more patients receive care consistent with their values, their preferences, and the best clinical evidence, Aledade’s first acquisition will augment the support that Aledade delivers to its nationwide network of more than 1,000 independent primary care practices and health centers. As part of the transaction, Iris Healthcare will become a part of Aledade Care Solutions, Aledade’s new health services unit. This unit will give Aledade practices new ways to improve patient outcomes and lower costs by integrating new patient care solutions. 

Acquisition Impact

The acquisition of Iris Healthcare and the establishment of a new health services arm come on the heels of significant growth for Aledade. The network of practices and health centers working with Aledade now spans 37 states and has grown by 20 percent over the last year. Aledade’s value-based care contracts collectively cover more than 1.7 million patients and manage roughly $17B in total health care spending through 98 Medicare and 47 other value-based contracts. For the second straight year, the company is profitable, with gross revenue of over $300M in 2021 and believes that it is currently on the path to more than double that by 2023. Aledade, Aledade Care Solutions, and Iris Healthcare are all poised for significant ongoing growth in the coming years.

“Today, more than 1.7 million patients are getting better primary care from their own family physicians – more engaged, more accessible, and more empowered primary care,” said Farzad Mostashari, MD, CEO and co-founder of Aledade. “We’ve seen the results, in reduced emergency department visits, hospitalizations, and lives saved, when it’s more profitable to prevent a stroke than to treat it. But there is more that we can do. With Aledade Care Solutions, we can now bring the first of a series of additional services that are most valuable to patients and families, and also more profitable, when delivered in a value-based world through referrals by primary care clinicians whom patients trust. Empowering and enabling primary care means extending what primary care practices can do, and we’re excited to begin this new chapter by welcoming Iris Healthcare to the Aledade team.”

  • LinkedIn
  • Twitter
  • Facebook
  • Email
  • Print

Tagged With: Aledade, Healthcare Mergers & Acquisitions

Tap Native

Get in-depth healthcare technology analysis and commentary delivered straight to your email weekly

Reader Interactions

Primary Sidebar

Subscribe to HIT Consultant

Latest insightful articles delivered straight to your inbox weekly.

Submit a Tip or Pitch

Featured Insights

 Selecting the Right EMR: A Practical Guide to Streamlining Your Practice and Enhancing Patient Care

Selecting the Right EMR: A Practical Guide to Streamlining Your Practice and Enhancing Patient Care

Featured Interview

Virta Health CEO: GLP-1s Didn’t Kill Weight Watchers, Its Broken Model Did

Most-Read

Beyond the Hype: Building AI Systems in Healthcare Where Hallucinations Are Not an Option

Beyond the Hype: Building AI Systems in Healthcare Where Hallucinations Are Not an Option

Health IT Sector Navigates Policy Turbulence with Resilient M&A

Health IT’s New Chapter: IPOs Return, Resilient M&A, Valuations Rise in 1H 2025

PwC Report: US Medical Cost Trend to Remain Elevated at 8.5% in 2026

PwC Report: US Medical Cost Trend to Remain Elevated at 8.5% in 2026

Philips Launches ECG AI Marketplace, Partnering with Anumana to Enhance Cardiac Care with AI-Powered Diagnostics

Philips Launches ECG AI Marketplace, Partnering with Anumana to Enhance Cardiac Care with AI-Powered Diagnostics

WeightWatchers Emerges from Bankruptcy, Launches New Menopause Program

WeightWatchers Emerges from Bankruptcy, Launches New Menopause Program

CMS Finalizes New Interoperability and Prior Authorization Rule

CMS Proposes 2026 Physician Fee Schedule Rule: Boosting Primary Care, Cutting Waste, and Modernizing Payments

Beyond SaaS: How Agent as a Service is Transforming Healthcare Automation

Beyond SaaS: How Agent as a Service is Transforming Healthcare Automation

New Strategies Needed: No Surprises Act and the Challenges for Payors with Provider Data Inaccuracies

Samsung Acquires Xealth to Accelerate Connected Care Vision

Samsung Acquires Xealth to Accelerate Connected Care Vision

AI Dominates Digital Health Investment in First Half of 2025

Rock Health Report: AI Dominates Digital Health Investment in First Half of 2025

Secondary Sidebar

Footer

Company

  • About Us
  • Advertise with Us
  • Reprints and Permissions
  • Submit An Op-Ed
  • Contact
  • Subscribe

Editorial Coverage

  • Opinion
  • Health IT
    • Care Coordination
    • EMR/EHR
    • Interoperability
    • Population Health Management
    • Revenue Cycle Management
  • Digital Health
    • Artificial Intelligence
    • Blockchain Tech
    • Precision Medicine
    • Telehealth
    • Wearables
  • Startups
  • Value-Based Care
    • Accountable Care
    • Medicare Advantage

Connect

Subscribe to HIT Consultant Media

Latest insightful articles delivered straight to your inbox weekly

Copyright © 2025. HIT Consultant Media. All Rights Reserved. Privacy Policy |