AUSTIN, Texas–(BUSINESS WIRE)–agilon well being, inc. (NYSE: AGL), the trusted companion empowering physicians to remodel neighborhood well being, introduced the corporate has begun implementation for a long-term partnership with MaineHealth, the biggest built-in well being system in northern New England. agilon well being and MaineHealth’s partnership is predicted to create entry to a brand new major care supply system that allows improved take care of Medicare Benefit sufferers throughout the well being system’s service space in Maine and New Hampshire.
“This partnership with MaineHealth is a robust assertion on the continued evolution of the U.S. healthcare system towards primary-care led, value-based care to enhance outcomes and the standard of take care of seniors,” mentioned Steve Promote, chief govt officer, agilon well being. “With MaineHealth and our different 2023 doctor group companions, we’re considerably advancing our imaginative and prescient to remodel well being care in communities throughout the nation, and are properly positioned to assist extra doctor teams and now built-in well being techniques thrive long-term.”
MaineHealth, a not-for-profit built-in well being system dedicated to a imaginative and prescient of, “working collectively so our communities are the healthiest in America,” gives preventive care, analysis and remedy to 1.1 million residents in Maine and New Hampshire. MaineHealth’s huge native hospital system and different providers embody roughly 1,700 suppliers.
“Our partnership with agilon well being is a direct reflection of our imaginative and prescient of ‘working collectively so our communities are the healthiest in America’,” mentioned Andy Mueller, MD, chief govt officer, MaineHealth. “By means of the partnership with agilon heath, we will likely be accelerating the transition to a fee mannequin outlined by worth and investing extra deeply in our major care supply system. The depth of affected person want, particularly amongst our rising senior inhabitants, necessitates us to assume very in another way about what the first care supply system in our neighborhood must appear like at this time and sooner or later.”
With the anticipated addition of MaineHealth and 6 different main doctor teams in 2023, agilon well being’s footprint will develop to incorporate 23 doctor teams, 12 states, 25 numerous geographies, and greater than 2,200 major care physicians. These new partnerships are estimated so as to add 80,000 Medicare Benefit members on the agilon platform in 2023. As well as, agilon’s partnership mannequin will now embody 4 doctor companion varieties: PCP solely teams, multispecialty teams, scaled networks and built-in well being techniques.
agilon well being and MaineHealth have begun implementation work below a signed a letter of intent and anticipate to finalize the long-term, three way partnership settlement within the second quarter of 2022. The six further new doctor group companions anticipated to affix the agilon platform in 2023 will likely be introduced at a future date.
About MaineHealth
MaineHealth is a not-for-profit built-in well being system whose imaginative and prescient is, “Working collectively so our communities are the healthiest in America.” It consists of 9 native well being techniques, a complete behavioral healthcare community, diagnostic providers, house well being companies, and 1,700 suppliers working collectively via the MaineHealth Medical Group. With roughly 22,000 workers, MaineHealth gives preventive care, analysis and remedy to 1.1 million residents in Maine and New Hampshire. It contains Franklin Memorial Hospital/Franklin Neighborhood Well being Community in Farmington, LincolnHealth in Damariscotta and Boothbay Harbor, Maine Behavioral Healthcare in South Portland, MaineHealth Care at House in Saco, Maine Medical Middle in Portland, Memorial Hospital in North Conway, N.H., Mid Coast-Parkview Well being in Brunswick, NorDx in Scarborough, Pen Bay Medical Middle and Waldo County Basic Hospital in Rockport and Belfast, Southern Maine Well being Care in Biddeford and Sanford, Spring Harbor Hospital in Westbrook and Stephens Memorial Hospital/Western Maine Well being Care in Norway. MaineHealth Associates embody Maine Basic Well being in Augusta and Waterville, New England Rehabilitation Hospital in Portland and St. Mary’s Regional Medical Middle in Lewiston. Additionally it is a major stakeholder within the MaineHealth Accountable Care Group in Portland.
About agilon well being
agilon well being is the trusted companion empowering physicians to remodel neighborhood well being. By means of our partnerships and purpose-built platform, agilon is accelerating at scale how doctor teams transition to a value-based, Whole Care Mannequin. agilon gives the expertise, individuals, capital, and course of and entry to a peer community that enable doctor teams to keep up their independence and dedicate the correct amount of time to their most weak sufferers. Collectively, agilon and its doctor companions are creating the healthcare system we want – one constructed on the worth of care, not the quantity of charges. The outcome: more healthy communities, and empowered medical doctors. agilon is the trusted companion in 17 numerous communities and is right here to assist extra of our nation’s finest doctor teams and well being techniques have a sustained, thriving future. For extra info go to www.agilonhealth.com join with us on Twitter, Instagram, LinkedIn and YouTube.
agilon well being Ahead-Wanting Statements
Statements on this launch that aren’t historic details are “forward-looking statements” throughout the that means of Part 27A of the Securities Act of 1933, as amended, and Part 21E of the Securities Alternate Act of 1934, as amended. Ahead-looking statements embody, amongst different issues, statements relating to our and our officers’ intent, perception or expectation as recognized by means of phrases reminiscent of “could,” “will,” “undertaking,” “anticipate,” “consider,” “intend,” “anticipate,” “search,” “goal,” “forecast,” “plan,” “potential,” “estimate,” “might,” “would,” “ought to,” and different comparable and spinoff phrases or the negatives thereof. Examples of forward-looking statements embody, amongst different issues: (i) statements relating to timing, outcomes and different particulars regarding present, pending or contemplated new markets, new partnership constructions, financing actions, inclinations, or different transactions mentioned on this launch; and (ii) statements relating to progress alternatives, capacity to ship sustainable long-term worth, enterprise atmosphere, long run alternatives and strategic progress plan together with with out limitation with respect to anticipated income and web earnings, whole and common membership, Adjusted EBITDA, and different monetary projections and assumptions, in addition to comparable statements included in different sections of this launch. Ahead-looking statements mirror our present expectations and views about future occasions and are topic to dangers and uncertainties that might considerably have an effect on our future monetary situation and outcomes of operations. Whereas forward-looking statements mirror our good religion perception and assumptions we consider to be cheap primarily based upon present info, we may give no assurance that our expectations or forecasts will likely be attained. Additional, we can’t assure the accuracy of any such forward-looking assertion contained on this launch, and such forward-looking statements are topic to recognized and unknown dangers and uncertainties which might be troublesome to foretell. These dangers and uncertainties that might trigger precise outcomes and outcomes to vary from these mirrored in forward-looking statements embody, however are usually not restricted to: our historical past of web losses, and our capacity to attain or preserve profitability in an atmosphere of accelerating bills; our capacity to determine and develop profitable new geographies, doctor companions and payors, or to execute upon our progress initiatives; our capacity to execute our operation methods or to attain outcomes according to our historic efficiency; our expectation that our bills will improve sooner or later and the danger that medical bills incurred on behalf of members could exceed the quantity of medical revenues we obtain; our capacity to safe contracts with Medicare Benefit payors or to safe Medicare Benefit funds at favorable monetary phrases; our capacity to recuperate startup prices incurred in the course of the preliminary phases of growth of our doctor companion relationships and program initiatives; important reductions in our membership; challenges for our doctor companions within the transition to a Whole Care Mannequin; inaccuracies within the estimates and assumptions we use to undertaking the dimensions, income or medical expense quantities of our goal markets; the unfold of, and response to, the novel coronavirus, or COVID-19, and the lack to foretell the last word influence on us; safety breaches, lack of information or different disruptions to our information platforms; the influence of devoting important consideration and assets to the supply of sure transition providers in reference to the disposition of our California operations; our subsidiaries’ lack of efficiency or capacity to fund their operations, which might require us to fund such losses; our dependence on a restricted variety of key payors; the restricted phrases of our contracts with payors and that they will not be renewed upon their expiration; our reliance on our payors for membership attribution and project, information and reporting accuracy and claims fee; our dependence on doctor companions and different suppliers to successfully handle the standard and value of care and carry out obligations below payor contracts; our dependence on doctor companions to precisely, well timed and sufficiently doc their providers and potential False Claims Act or different legal responsibility if any analysis info or encounter information are inaccurate or incorrect; reductions in reimbursement charges or methodology utilized to derive reimbursement from, or discontinuation of, federal authorities healthcare packages, from which we derive considerably all of our whole income; statutory or regulatory modifications, administrative rulings, interpretations of coverage and determinations by intermediaries and governmental funding restrictions, and their influence on authorities funding, program protection and reimbursements; regulatory proposals directed at containing or decreasing the price of healthcare and our participation in such proposed fashions; the influence on our income of CMS modifying the methodology used to find out the income related to MA members; the potential that we could incur future indebtedness; and dangers associated to different elements mentioned below “Threat Elements” in our Annual Report on Kind 10-Okay for the yr ended December 31, 2021. Besides as required by regulation, we don’t undertake, and hereby disclaim, any obligation to replace any forward-looking statements, which communicate solely as of the date on which they’re made.