Astrana Health
Astrana Health is a publicly traded, physician-centric, technology-enabled, risk-bearing healthcare management company that supports over 20,000 providers and approximately 1.55–1.6 million patients in value-based care arrangements across 17 states through capitation contracts, owned IPAs, and a proprietary HEDIS and real-time event streaming platform.
- Company typePublic
- Founded2014
- HeadquartersAlhambra, United States
- Headcount1,001–5,000
- GTM typeB2B
- OfferingServices
What Astrana Health does
Astrana Health is a publicly traded, physician-centric, technology-enabled, risk-bearing healthcare management company headquartered in Alhambra, California. The company supports over 20,000 contracted providers and approximately 1.55–1.6 million patients in value-based care arrangements across 17 states, operating through a portfolio of management services organizations, independent physician associations (Allied Pacific IPA, Community Family Care Medical Group, Bay Area Care Partners, Astrana Care Partners of Texas and Nevada), specialty groups, diagnostic labs, and an acute care hospital (Foothill Regional Medical Center).
Its core technology platform includes a proprietary NCQA-certified HEDIS Engine built in Python on Databricks Delta Lake that processes 1 million+ members across 20+ quality measures in approximately 2.5 hours (a 5x runtime improvement), a real-time ADT event streaming architecture using AWS Lambda, Apache Kafka, and Databricks Delta Live Tables for inpatient management, and an AI-powered accountable care platform offering care coordination, population health infrastructure, and actionable analytics to independent physicians and payer partners.
The business model is anchored in capitation arrangements with Medicare Advantage, Medicaid, and commercial health plans, with approximately 80% of Care Partners capitation revenue and ~40% of consolidated membership in full-risk arrangements. Revenue grew 56% YoY to $3.18 billion in FY2025 and 56% YoY to $965.1 million in Q1 2026, with FY2026 guidance of $3.8–4.1 billion. Growth is driven by a roll-up M&A strategy (Community Family Care, CHS, and the $708M Prospect Health acquisition completed July 2025) supplemented by organic expansion through channel partnerships such as the May 2026 collaboration with the Physician Association of California.
Astrana Health firmographics
Firmographics- Name
- Astrana Health
- Legal name
- Astrana Health, Inc.
- Website
- https://astranahealth.com
- Company type
- Public
- Founded year
- 2014
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- Astrana Health is a publicly traded, physician-centric, technology-enabled, risk-bearing healthcare management company that supports over 20,000 providers and approximately 1.55–1.6 million patients in value-based care arrangements across 17 states through capitation contracts, owned IPAs, and a proprietary HEDIS and real-time event streaming platform.
- Ownership category
- akta.pro rank
Astrana Health industry classification
Industry- Product category
- Value-Based Healthcare Management
- NAICS
- Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds (524292), Offices of Physicians (6211), Direct Life, Health, and Medical Insurance Carriers (52411)
- SIC
- Hospital & Medical Service Plans (6324), Services-Health Services (8000)
- akta.pro primary industry
- Administrative Services Only (ASO) for Employers (HLAEAAAD)
- akta.pro secondary industries
- Compliance, Reporting & Regulatory Administration (ERISA/ACA/No Surprises) (HLAEALAJ), Care Navigation, Advocacy & Benefits Guidance Platforms (HLALADAJ)
Keywords
Where Astrana Health is headquartered
LocationHeadquarters
- HQ city
- Alhambra
- HQ country
- United States
- HQ region
- North America
Offices5 records
Markets served
Astrana Health business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Healthcare Management Services - Capitation Revenue: Astrana Health generates the majority of its revenue through capitation agreements with health plans, where the company receives fixed per-member-per-month payments to manage the healthcare needs of assigned populations. The company has approximately 80% of Care Partners capitation revenue in full-risk arrangements.
- Value-Based Care Shared Savings: Revenue generated through shared savings tied to performance and quality outcomes under accountable care organization (ACO) arrangements. PAC physicians participating in Astrana's Medicare ACO platform gain access to revenue opportunities including shared savings.
- Acquisition-Driven Revenue Expansion: Revenue growth through strategic acquisitions contributing approximately $1.2 billion in expected annual revenue from the Prospect Health acquisition alone. The company completed Prospect Health acquisition (July 2025, $708M) and Collaborative Health Systems acquisition targeting 129,000 beneficiaries across 17 states.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Capitation-based value-based care contracts |
Go-to-market motion3 records
Distribution channels3 records
Marketing channels4 records
Astrana Health product offering
Product offeringCore offering
Astrana Health is a physician-centric, technology-powered, risk-bearing healthcare management company that operates a proprietary end-to-end value-based care platform supporting over 20,000 providers and approximately 1.55 million patients. The company partners with independent physicians, IPAs, and Medicare Advantage/Medicaid/commercial health plans to deliver coordinated primary, specialty, and ancillary care through capitation-based contracts and ACO shared-savings arrangements, while leveraging its NCQA-certified HEDIS Engine and real-time ADT event-streaming infrastructure to drive quality, cost, and utilization outcomes.
Product overview
Astrana Health operates as a physician-centric, technology-enabled, risk-bearing healthcare company that functions as both a platform and a portfolio of branded care delivery networks. At its core is the Astrana Health Platform — a proprietary end-to-end technology platform that powers value-based care arrangements for over 20,000 providers and approximately 1.55–1.6 million patients. The platform includes the HEDIS Engine (a Python/Databricks-based quality measurement system with 20+ NCQA-certified measures) and a real-time event streaming infrastructure (AWS Lambda, Apache Kafka, Databricks Delta Live Tables) for inpatient management. Astrana delivers care through multiple branded networks and facilities under the AstranaCare umbrella — including IPAs such as Allied Pacific of California IPA, Community Family Care Medical Group IPA, and Bay Area Care Partners — plus Astrana Care Partners of Texas and Nevada, as well as Healthcare Supercenters and Foothill Regional Medical Center. The company also offers a Medicare ACO Platform with AI-powered tools for care coordination, population health, and analytics. Recent major acquisitions include Community Family Care (March 2024), Collaborative Healthcare Systems/CHS (2024), and Prospect Health (July 2025, $708M), all of which have been integrated into the broader Astrana network.
Differentiator
Problem solved
Functional benefit
Brands
- AstranaCare: Primary care brand offering services through localized clinics and healthcare networks in California, Texas, and Nevada.
- Astrana Care Partners
- AMG Medical Group
- Bay Area Care Partners
- Collaborative Healthcare Systems
- Orma
Products and services
- Astrana Health Platform (Value-Based Care Delivery Platform) Proprietary end-to-end value-based care platform that connects providers, patients, and health plans by integrating clinical, technology, and administrative support to enable risk-bearing arrangements for over 20,000 providers and approximately 1.55 million patients.
- AstranaCare MSO / IPA Networks Management Services Organization and Independent Physician Association networks operating as AstranaCare, providing primary care, specialty, and ancillary care coordination across California, Nevada, and Texas under delegated capitation contracts.
- Medicare ACO Platform AI-powered Accountable Care Organization platform for independent physicians offering care coordination, population health infrastructure, actionable analytics, and administrative burden reduction, enabling participation in Medicare ACO shared-savings arrangements.
- Healthcare Supercenters Integrated multi-specialty care facilities offering surgical, laboratory, radiology, and urgent care services under one roof to improve access to comprehensive healthcare in local communities.
- Allied Pacific of California IPA Independent Physician Association founded in 1992 providing quality, patient-centered medical care through an extensive network of healthcare professionals in California, operating as part of Astrana's care delivery network.
- Community Family Care Medical Group IPA IPA with over 350 primary care physicians and 500 specialists managing the medical care of over 200,000 members in Los Angeles, California across Medicaid, Medicare, and commercial payers.
- Foothill Regional Medical Center Acute care hospital within Astrana's care delivery network, recognized for performance in joint replacement, hip fracture, and sepsis treatment.
- Sun Clinical Laboratories Federal and State certified full-service clinical laboratory providing diagnostic testing as part of Astrana's diagnostic service network.
Quantifiable outcome
- Revenue of $3.18 billion in FY2025, up 56% year-over-year
- +4 more outcomes
Companies that use Astrana Health
Customer profileNamed customers5 records
Segments4 records
Ideal customer profiles3 records
Astrana Health technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability9 records
Feature4 records
Astrana Health partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Physician Association of California (PAC)corePAC and Astrana Health announced a collaboration to help independent primary care physicians succeed in value-based care through Astrana's Medicare ACO platform. PAC represents over 15,000 independent physicians who gain access to care coordination, population health infrastructure, and value-based care capabilities designed to reduce administrative burden and improve patient outcomes.
Scale indicators17 records
Recent moves8 records
Expansion highlights6 records
Astrana Health competitors and assessment
Company assessmentDirect peers
- Privia Health Group: Privia Health is a physician enablement company that partners with independent practices across value-based and fee-for-service arrangements, including ACO REACH and MA. Astrana's IPA/MSO operating model and physician partnership approach closely mirror Privia's multi-payer, multi-state structure.
- Alignment Healthcare: Alignment Healthcare is a tech-enabled Medicare Advantage insurer that contracts with provider networks and operates its own care delivery. Astrana's MA-focused capitation model and California-centric footprint are directly comparable; multiple Astrana executives (including the CEO's previous company Alignment) trace careers through Alignment.
- agilon health: agilon health is a value-based care platform that partners with primary care physicians to take global capitation risk for Medicare Advantage patients. Astrana and agilon share the same physician-enablement + full-risk MA economic model, making agilon the most direct comparable for Astrana's risk-bearing IPA strategy.
- Oak Street Health (CVS Health): Oak Street Health operates value-based primary care clinics serving older adults on Medicare, acquired by CVS Health in 2023. Its senior-focused, risk-bearing PCP model competes head-to-head with AstranaCare clinics and Prospect's provider groups for the same MA member.
Broad incumbents
- Humana / CenterWell: Humana is the second-largest Medicare Advantage insurer and operates CenterWell senior-focused primary care clinics. As a major payer-partner of Astrana's capitation contracts and a parallel provider-side operator, Humana is both a customer and a structural competitor in MA value-based care.
- UnitedHealth Group / Optum: UnitedHealth/Optum is the largest US health insurer and the dominant value-based-care platform via Optum Health's owned/affiliated PCP groups. It sets the benchmark for VBC scale and is the broadest incumbent peer against which Astrana's growth and capitation strategy must compete.
- Centene Corporation: Centene is the largest Medicaid managed-care insurer and the prior owner of Collaborative Health Systems, which Astrana acquired in 2024. Centene competes with Astrana for Medicaid members and shared-savings contracts, particularly in states where CHS previously operated.
Emerging players
- Cano Health: Cano Health is a value-based primary care company serving Medicare and Medicaid seniors, primarily in Florida, Texas, Nevada, and California — overlapping Astrana's Texas and Nevada markets. While Cano has undergone significant restructuring, it remains a comparable operator of senior-focused risk-bearing clinics.
- P3 Health Partners: P3 Health Partners is a value-based care company focused on Medicare Advantage populations in select Western states, contracting with PCPs to manage total cost of care. Astrana overlaps with P3 in MA risk-sharing economics and Western geographic focus, though P3 is smaller and earlier-stage.
Others
- DaVita Integrated Kidney Care: DaVita is a major value-based-care participant in CKD/ESKD populations through Integrated Kidney Care and was an early investor in ApolloMed (Astrana). Several Astrana executives (CFO, CPO) previously held senior roles at DaVita, making it an ecosystem comparator for risk-bearing specialty care models.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks7 records
Key highlights7 records
Customer concentration
Astrana Health social profiles
Digital presenceAstrana Health compliance and trust
Trust signalCompliance3 records
Astrana Health financial estimates
Financial estimateRevenue estimate
Valuation estimate
Astrana Health leadership team
Management profileNumber of profiles
Profiles10 records
Astrana Health subsidiaries and ownership
Company hierarchySubsidiaries4 records
Astrana Health funding detail
Funding detailFunding overview
Funding rounds7 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Astrana Health M&A and investment
M&A and investmentM&A7 records
Investments2 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Astrana Health
What does Astrana Health do?
Astrana Health is a physician-centric, technology-powered, risk-bearing healthcare management company that operates a proprietary end-to-end value-based care platform supporting over 20,000 providers and approximately 1.55 million patients. The company partners with independent physicians, IPAs, and Medicare Advantage/Medicaid/commercial health plans to deliver coordinated primary, specialty, and ancillary care through capitation-based contracts and ACO shared-savings arrangements, while leveraging its NCQA-certified HEDIS Engine and real-time ADT event-streaming infrastructure to drive quality, cost, and utilization outcomes.
Is Astrana Health a public or private company?
Astrana Health is a public company. It is classified as public and is currently operating.
When was Astrana Health founded?
Astrana Health was founded in 2014. It employs 1,001 to 5,000 people.
Where is Astrana Health based?
Astrana Health is headquartered in Alhambra, United States, in the North America region.
How does Astrana Health make money?
Three revenue lines are on record. Healthcare Management Services - Capitation Revenue is the primary driver. The others are value-Based Care Shared Savings and acquisition-Driven Revenue Expansion.
Who are Astrana Health's main competitors?
Direct peers on record are Privia Health Group, Alignment Healthcare, agilon health and Oak Street Health (CVS Health). Broad incumbents are Humana / CenterWell, UnitedHealth Group / Optum and Centene Corporation. Emerging players are Cano Health and P3 Health Partners. DaVita Integrated Kidney Care is listed as an others.
Does Astrana Health have an API?
No public API is recorded for Astrana Health.
What industry is Astrana Health in?
Astrana Health's product category is Value-Based Healthcare Management. Its primary akta.pro industry code is HLAEAAAD, Administrative Services Only (ASO) for Employers, with a secondary code of HLAEALAJ, Compliance, Reporting & Regulatory Administration (ERISA/ACA/No Surprises). Its NAICS code is 524292 and its SIC code is 6324.