Press Releases

VillageMD to Work with Aetna to Expand Value-Based Care for Patients to Improve Quality and Reduce Costs

[fa icon="calendar"] Apr 2, 2020 10:58:04 AM / by VillageMD

CHICAGO & ATLANTA – April 2, 2020 – VillageMD, a leading national provider of primary care, today announced a new relationship in Atlanta with Aetna, a leading national health insurance provider, to further improve the quality of care and better manage costs among VillageMD’s patients. VillageMD is the first primary care-led group to accept full financial risk with Aetna Medicare Advantage patients in the Atlanta market.

“We’re pleased to make this opportunity a reality for both the physicians we work with and the patients they care for through our new relationship with Aetna,” said Tim Barry, CEO and co-founder of VillageMD. “We pride ourselves on being a healthcare leader, and more importantly, delivering on our promises to improve patient care and reduce the total cost of care.” 

The effectiveness will be measured annually, with metrics including improved quality of patient care and reduced healthcare costs for patients.

“Aetna is thrilled to collaborate with VillageMD on a robust, value-based arrangement designed to promote high-quality care, a holistic and supportive patient experience, and improved efficiency for patients and members in greater Atlanta,” said Frank Ulibarri, Aetna’s president in Georgia.

About VillageMD

By partnering with primary care physicians, VillageMD is transforming U.S. healthcare through its primary-care led, value-based model. The VillageMD solution provides the tools, technology, operations, and staffing support needed for physicians to drive the highest quality clinical results across a population. VillageMD works with physician groups, independent practice associations, and health systems to improve quality, deliver a first-rate patient experience, and lower costs in the communities they serve. VillageMD will continue to grow its Village Medical brand and scale its Village Medical at Home offering. VillageMD has grown to include more than 2,500 physicians across nine markets and is responsible for approximately 500,000 lives and $3 billion in total medical spend in value-based contracts. To learn more, please visit www.villageMD.com

About Aetna

Aetna, a CVS Health business, serves an estimated 38 million people with information and resources to help them make better informed decisions about their health care. Aetna offers a broad range of traditional, voluntary and consumer-directed health insurance products and related services, including medical, pharmacy, dental and behavioral health plans, and medical management capabilities, Medicaid health care management services, workers' compensation administrative services and health information technology products and services. Aetna's customers include employer groups, individuals, college students, part-time and hourly workers, health plans, health care providers, governmental units, government-sponsored plans, labor groups and expatriates. For more information, visit www.aetna.com and explore how Aetna is helping to build a healthier world.

VillageMD

Written by VillageMD

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