ilumed
ilumed is a Jupiter, Florida-based value-based care enablement company that partners with 150+ primary care providers across 7 states to deliver population health analytics, care coordination, and operational support under CMS ACO REACH and MSSP programs, earning shared savings on Medicare risk contracts.
- Company typePrivate
- Founded2021
- HeadquartersJupiter, United States
- Headcount51–100
- GTM typeB2B
- OfferingServices
What ilumed does
ilumed is a Jupiter, Florida-based value-based care enablement company that partners with physician practices, multi-specialty groups, and health systems to help them succeed in CMS risk-bearing programs, principally ACO REACH and the Medicare Shared Savings Program (MSSP). The company provides three interconnected operational pillars: population health analytics that surface actionable insights on patient disease burden at the point of care; care coordination support delivered through RN Care Coaches, Social Workers, and Patient Advocates who extend practice capacity for high-needs patients; and operations transformation that supplies the contracts, metrics, reporting, and patient outreach infrastructure practices lack to operate independently under value-based contracts. Performance data shows the network scaled to 150+ primary care providers across 7 states and generated $49.0 million in ACO REACH shared savings in Performance Year 2023, up from $30.9 million in PY2022, following a loss in PY2021.
The business model is structured around shared-savings participation in CMS programs. When ilumed and its contracted providers deliver care below CMS benchmark costs while meeting quality thresholds, shared savings are distributed at the group level — 70% to participant and preferred providers and 30% retained by ilumed for infrastructure and care process redesign. ilumed has obtained SOC 2 Type II and ISO/IEC 27001:2022 certifications, and operates a wholly owned subsidiary (ILUMED MSSP II, LLC) for MSSP accountable care organization activities. Revenue is not separately disclosed from shared savings distributions, but the 30% retention on PY2023 savings implies a meaningful revenue base. The company raised a $16.5 million Series A led by Ascend Partners in December 2021 and is privately held, with a leadership team that includes a CEO, President, CFO/ACO Executive, CIO, and CMO supported by SVP-level functional leaders across quality, care management, risk adjustment, data and analytics, patient engagement, legal, and human resources.
ilumed firmographics
Firmographics- Name
- ilumed
- Legal name
- ilumed, LLC
- Website
- https://ilumed.com
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- ilumed is a Jupiter, Florida-based value-based care enablement company that partners with 150+ primary care providers across 7 states to deliver population health analytics, care coordination, and operational support under CMS ACO REACH and MSSP programs, earning shared savings on Medicare risk contracts.
- Ownership category
- akta.pro rank
ilumed industry classification
Industry- Product category
- Value-Based Care Services
- NAICS
- Offices of Physicians (62111), Offices of Physicians (6211)
- SIC
- Services-Health Services (8000), Hospital & Medical Service Plans (6324), Services-Management Consulting Services (8742)
- akta.pro primary industry
- Primary Care Networks, Groups & MSOs (HLAFAGAE)
- akta.pro secondary industries
- Value-Based Contracting Analytics (ACO/MSSP/MA, shared savings/risk) (HLACAHAA), Value-Based Primary Care Organizations (Risk-Bearing) (HLAFAGAF), Post-Acute Care Networks & Care Management Organizations (HLAFAFAN)
Keywords
Where ilumed is headquartered
LocationHeadquarters
- HQ city
- Jupiter
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
ilumed business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- ACO REACH Shared Savings: ilumed operates as an ACO REACH (Accountable Care Organization Realizing Equity, Access, and Community Health) participant. Revenue is generated through shared savings earned when the organization delivers high-quality, value-based care while managing Medicare dollars wisely. Shared savings are calculated and distributed at a group level, with performance years 2022 showing $30,980,319 and 2023 showing $49,018,272 in shared savings. Distribution splits: 70% to Participant Providers and Preferred Providers, 30% to infrastructure and care process redesign.
- MSSP Participation: ilumed participates in the Medicare Shared Savings Program (MSSP) in addition to ACO REACH, generating revenue through quality-based performance incentives and cost savings generated for Medicare.
- Series A Financing: Completed $16.5 million Series A financing round led by Ascend Partners in December 2021, with proceeds used to expand clinician network and increase Medicare beneficiary coverage.
Go-to-market motion2 records
Distribution channels1 record
Marketing channels6 records
ilumed product offering
Product offeringCore offering
ilumed partners with physician practices, primary care groups, and health systems to help them succeed in CMS value-based care programs, primarily through ACO REACH (Accountable Care Organization Realizing Equity, Access, and Community Health) and MSSP (Medicare Shared Savings Program). The company delivers operational infrastructure including population health analytics, care coordination support (RN Care Coaches, Social Workers, Patient Advocates), and clinical program design, generating revenue through shared savings earned when partners deliver high-quality, lower-cost care to Medicare beneficiaries.
Product overview
ilumed is a value-based care enablement platform that partners with physicians to help them succeed in CMS value-based care programs. The company operates primarily through two core models: ACO REACH (Accountable Care Organization Realizing Equity, Access, and Community Health) and MSSP (Medicare Shared Savings Program). The platform is architected around three interconnected pillars: Population Health Analytics (providing actionable data insights into patient panels), Operations Transformation (streamlining workflows and financial performance through data-driven systems), and Care Coordination Support (extending practice capacity through RN Care Coaches, Social Workers, and Patient Advocates). Clinical Programs round out the offering with purpose-built protocols for chronic disease management and preventive care. The platform delivers shared savings opportunities by helping practices reduce avoidable hospitalizations, improve quality metrics, and manage Medicare patient populations effectively.
Differentiator
Problem solved
Functional benefit
Products and services
- ACO REACH Partnership Partnership with physician practices under the CMS ACO REACH model, providing operational infrastructure, population health analytics, care coordination teams, and clinical programs so practices can deliver value-based care and earn shared savings on Medicare beneficiaries.
- MSSP Participation Medicare Shared Savings Program offering for contracted primary care practitioners, generating revenue through quality-based performance incentives and cost savings achieved for the Medicare program.
Quantifiable outcome
- 6.3% gross savings rate achieved in ACO REACH program
- +4 more outcomes
Companies that use ilumed
Customer profileNamed customers3 records
Segments4 records
Ideal customer profiles3 records
ilumed technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability3 records
Feature4 records
ilumed partnerships and signals
Strategic signalScale indicators7 records
Recent moves5 records
Expansion highlights3 records
ilumed competitors and assessment
Company assessmentDirect peers
- Aledade: Aledade is the largest independent PCP-focused ACO network operator in the U.S., running MSSP, ACO REACH, and Medicare Advantage contracts. It is the closest direct competitor to ilumed in enabling independent primary care practices to succeed in CMS value-based care programs.
- Agilon Health: Agilon Health partners with primary care physicians to take global risk for senior populations through Medicare Advantage and ACO REACH. It is a directly comparable risk-bearing enablement platform targeting a similar PCP partner profile and shared-savings-style economics.
- Privia Health: Privia Health is a national physician enablement company providing MSO services to primary care and specialty groups, including VBC contracts. It is comparable in business model (MSO for independent PCPs) but operates at substantially larger scale across more states.
- Evolent Health: Evolent Health provides value-based care enablement services including population health analytics and specialty care management for ACOs, payers, and providers. It overlaps with ilumed on the population health analytics and ACO enablement layer.
- Astrana Health (formerly Apollo Medical Holdings): Astrana Health is a risk-bearing physician network operator taking global risk for senior populations across Medicare Advantage, ACO REACH, and MSSP. Its ACO/MSO operating model and physician-enablement focus make it a close comparable to ilumed.
Emerging players
- Pearl Health: Pearl Health is an emerging technology-enabled ACO enablement company partnering with PCPs in ACO REACH and MSSP. It directly competes for the same PCP partner base as ilumed, with comparable technology-led differentiation.
- Wellvana Health: Wellvana Health partners with primary care physicians to succeed in ACO REACH and MSSP, providing analytics, care coordination, and network support. It is an emerging competitor with a similar ACO enablement thesis to ilumed.
Broad incumbents
- VillageMD: VillageMD is a large primary care and value-based care platform owned by Walgreens Boots Alliance, operating risk-bearing clinics and ACOs. It competes for value-based care PCPs and adjacent risk contracts, though at much larger scale and capital base than ilumed.
- Oak Street Health: Oak Street Health, acquired by CVS Health, operates senior-focused primary care clinics under global risk contracts with Medicare Advantage and traditional Medicare. It is comparable to ilumed's risk-bearing primary care model but operates owned clinics rather than enabling independent PCPs.
- ChenMed: ChenMed is a privately-held senior primary care group taking full risk for Medicare Advantage beneficiaries. It is comparable in senior-focused, risk-bearing primary care delivery but operates owned clinics, contrasting with ilumed's MSO/aggregator model for independent PCPs.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
ilumed social profiles
Digital presenceilumed compliance and trust
Trust signalCompliance2 records
ilumed financial estimates
Financial estimateRevenue estimate
Valuation estimate
ilumed leadership team
Management profileNumber of profiles
Profiles14 records
ilumed subsidiaries and ownership
Company hierarchySubsidiaries1 record
ilumed funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
ilumed M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about ilumed
What does ilumed do?
ilumed partners with physician practices, primary care groups, and health systems to help them succeed in CMS value-based care programs, primarily through ACO REACH (Accountable Care Organization Realizing Equity, Access, and Community Health) and MSSP (Medicare Shared Savings Program). The company delivers operational infrastructure including population health analytics, care coordination support (RN Care Coaches, Social Workers, Patient Advocates), and clinical program design, generating revenue through shared savings earned when partners deliver high-quality, lower-cost care to Medicare beneficiaries.
Is ilumed a public or private company?
ilumed is a private company. It is classified as venture growth investor backed and is currently operating.
When was ilumed founded?
ilumed was founded in 2021. It employs 51 to 100 people.
Where is ilumed based?
ilumed is headquartered in Jupiter, United States, in the North America region.
How does ilumed make money?
Three revenue lines are on record. ACO REACH Shared Savings are the primary driver. The others are MSSP Participation and series A Financing.
Who are ilumed's main competitors?
Direct peers on record are Aledade, Agilon Health, Privia Health, Evolent Health and Astrana Health (formerly Apollo Medical Holdings). Emerging players are Pearl Health and Wellvana Health. Broad incumbents are VillageMD, Oak Street Health and ChenMed.
Does ilumed have an API?
No public API is recorded for ilumed.
What industry is ilumed in?
ilumed's product category is Value-Based Care Services. Its primary akta.pro industry code is HLAFAGAE, Primary Care Networks, Groups & MSOs, with a secondary code of HLACAHAA, Value-Based Contracting Analytics (ACO/MSSP/MA, shared savings/risk). Its NAICS code is 62111 and its SIC code is 8000.