Friday, August 5, 2016

PPACA Doc is PEU with Venrock

WSJ ran an opinion piece from Dr. Kocher who helped create PPACA, widely known as Obamacare.  He stated:

In my White House days, we believed it would take three to five years for physicians to use electronic health records effectively. We were wrong about that too. At every opportunity, organized medicine has asked to delay and lower thresholds for tracking and reporting basic quality measures; yet they have no reason to delay.

In the ACOs run by Aledade, which advises small medical practices (I sit on its board), we have found that independent primary-care doctors are able to change their care models in weeks and rapidly learn how to use data to drive savings and quality. 
A more accurate disclosure would've said my employer has significant investments in Aledade and my compensation could be increased by my driving business to the company by this Wall Street Journal piece.

Venrock first invested in Aledade in 2014.  The press release stated Venrock was "originally established as the venture capital arm of the Rockefeller family in 1969."  Venrock was the Series A funder for Aledade according to Crunchbase.  The first investor has the greatest chance to land a larger equity stake.

Likely as a result of Venrock's investment Aledade got $30 million in Series B funding from ARCH Venture Partners in 2015.  Venrock added to their initial Aledade stake in the Series B deal.

Venrock has a $450 million fund specializing in the intersection of health care and technology