What You Should Know:
– Apollo Medical Holdings (NASDAQ: AMEH), a provider-centric healthcare company, and BASS Medical Group, one of the largest multi-specialty medical groups in the Greater San Francisco Bay Area, announced today a strategic partnership aimed at revolutionizing value-based care in Northern California.
– The strategic alliance between ApolloMed and BASS Medical Group promises to significantly impact the healthcare landscape in California.
Bolstering Value-Based Care Infrastructure
The partnership focuses on strengthening BASS Medical Group’s value-based care capabilities and operational infrastructure. ApolloMed will deploy its industry-leading platform and solutions across BASS Medical Group’s 400+ providers and nearly 200 locations throughout Northern California. This will enable them to effectively participate in total cost of care arrangements and build integrated care models that seamlessly connect primary and multi-specialty care.
Expanding Access and Improving Quality
Through this collaboration, both organizations aim to deliver high-quality care through value-based arrangements to patients with diverse insurance coverage, including Medicare, Medicaid, ACA Marketplace, and commercial plans. BASS Medical Group will transition all existing value-based agreements to this partnership, and ApolloMed will become their exclusive partner for all future value-based arrangements.
Expanding Footprint and Investment
ApolloMed’s commitment to BASS Medical Group’s success extends beyond technology and infrastructure. ApolloMed has provided a $20M senior secured promissory note to support BASS Medical Group’s continued growth and investment in high-quality, accessible primary and multi-specialty care across California. This investment will enable them to enter new markets in Santa Clara and Alameda Counties, as well as expand their presence in existing locations.
“We are thrilled to partner with BASS Medical Group, a like-minded organization that shares our commitment to empowering providers, prioritizing the patient-provider relationship, and delivering high-quality, compassionate care,” stated Brandon Sim, President and CEO of ApolloMed. “Together, we will focus on aligning primary and specialty care in value-based models to improve patient care across Northern California and beyond.”
