HUM - Humana Aledade ink 10-year pact to provide primary care for members

• Aledade and Humana ( NYSE: HUM ) signed a 10-year collaboration to provide value-based primary care for Humana's Medicare Advantage members from in-network Aledade-enabled physicians.
• The companies noted that they have been working together since 2019 in a limited number of markets, where they were able to increase primary care visits, reducing inpatient hospitalizations by 5% and cutting readmissions by 12%, as per shared company data.
• Building on their existing collaboration, the companies plan to phase in the 10-year term for current and new state-wide agreements, which include a pathway to full risk.
• The partnership with Humana will continue to grow as new practices and prospective markets join Aledade's nationwide network, the companies added.
• "Aledade was one of the largest value-based care providers for Humana in 2022, and our relationship will continue our goal to improve access to proactive screenings to identify and treat illnesses early," said George Renaudin, Humana's President of Medicare and Medicaid.

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