Bluestone Physician Services
Bluestone Physician Services is a multi-state medical practice founded in 2006 that delivers team-based primary care, behavioral health, dementia navigation, and ACO-level care management on-site to residents of 1,000+ senior living communities across Minnesota, Wisconsin, and Florida, reimbursed primarily through Medicare value-based contracts.
- Company typePrivate
- Founded2006
- HeadquartersStillwater, United States
- Headcount501–1,000
- GTM typeB2B and B2C
- OfferingServices
What Bluestone Physician Services does
Bluestone Physician Services (legal entity Bluestone Physician Services, PA) is a Stillwater, Minnesota-based medical practice founded in 2006 that delivers team-based primary care, behavioral health, dementia care navigation, and complex care management directly to residents of assisted living, memory care, independent living, and group home communities. It operates across three states (Minnesota, Wisconsin, and Florida) through its Stillwater headquarters and Florida offices in Tampa and Altamonte Springs, employing 550+ team members including 100+ physicians, PAs, and NPs certified in dementia care. The company reports having cared for 250,000+ patients since founding and currently serves 22,000+ high-risk, chronically ill patients in partnership with 1,000+ senior living communities.
The product portfolio is anchored by an on-site primary care offering and complemented by behavioral health integration, dementia care navigation through CMS's GUIDE Model, complex care management, care coordination for Minnesota Medicaid programs, Advanced Primary Care Management (APCM), and the Bluestone Accountable Care Organization. Its proprietary Bluestone Bridge platform provides secure communication between patients, families, community staff, and care teams with documented response-time SLAs, and is paired with a Patient Portal for records, refills, and referrals. The ED Early Response Program, which alerts complex care managers when ACO patients arrive at the emergency department, has been validated in JAMA Network Open by Brown University and Mass General Brigham researchers.
Bluestone's revenue model is anchored in Medicare value-based care, combining fee-for-service Medicare billing, Behavioral Health Integration monthly billing, ACO shared savings through the Medicare Shared Savings Program (ranked top 5 nationally for savings per beneficiary for three consecutive years), GUIDE Model reimbursement fully covered by CMS, and risk-based contracts with Medicare Advantage and other health plans. Its go-to-market is enterprise field sales to senior living operators and health plans, supplemented by ACO affiliation for independent primary care practices and direct patient enrollment. The company is privately held, with Blue Venture Fund (a Blue Cross Blue Shield/Sandbox collaboration) and WindRose Capital disclosed as financial backers following a 2021 strategic investment.
Bluestone Physician Services firmographics
Firmographics- Name
- Bluestone Physician Services
- Legal name
- Bluestone Physician Services, PA
- Website
- https://bluestonemd.com
- Company type
- Private
- Founded year
- 2006
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- Bluestone Physician Services is a multi-state medical practice founded in 2006 that delivers team-based primary care, behavioral health, dementia navigation, and ACO-level care management on-site to residents of 1,000+ senior living communities across Minnesota, Wisconsin, and Florida, reimbursed primarily through Medicare value-based contracts.
- Ownership category
- akta.pro rank
Bluestone Physician Services industry classification
Industry- Product category
- Geriatric Primary Care and Value-Based Senior Healthcare Services
- NAICS
- Home Health Care Services (621610), Services for the Elderly and Persons with Disabilities (624120), Offices of Physicians, Mental Health Specialists (621112), Home Health Care Services (62161)
- SIC
- Services-Home Health Care Services (8082), Services-Misc Health & Allied Services, Nec (8090), Services-Health Services (8000)
- akta.pro primary industry
- Chronic Care & Complex Care Management (HSABAIAD)
Keywords
Where Bluestone Physician Services is headquartered
LocationHeadquarters
- HQ city
- Stillwater
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
Bluestone Physician Services business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Supply Chain
Revenue model
- Medicare Shared Savings Program (MSSP): Bluestone ACO generates revenue by meeting quality and cost targets for Medicare beneficiaries. The organization receives shared savings payments when it reduces costs below benchmarks while maintaining quality standards. Performance has generated $26.6M savings in 2022, $33.9M in 2023, and $33.6M in 2024.
- Fee-for-Service Medicare Billing: Traditional Medicare billing for primary care visits, behavioral health integration, and care management services. Services include regular provider visits, APCM, and coordination billed to Medicare Part B.
- Behavioral Health Integration: Monthly billing for behavioral health care management services integrated into primary care. Medicare covers these services with patient cost-sharing of $15-35/month for Original Medicare and $0-50/month for Medicare Advantage.
- GUIDE Model Services: Dementia care navigation services fully covered by CMS for eligible Traditional Medicare beneficiaries. No cost to patients or caregivers for eligible GUIDE participants.
- Health Plan Contracting: Value-based care arrangements with health plans for specialized care of complex, high-need members including dementia management, advanced primary care, and care coordination delegation.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Behavioral Health Integration for Original Medicare patients |
| Subscription | Monthly | Behavioral Health Integration for Medicare Advantage/Medicaid patients |
| Subscription | Monthly | Advanced Primary Care Management (APCM) Services |
| Other | Other | GUIDE Model Dementia Care Navigation |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels5 records
Bluestone Physician Services product offering
Product offeringCore offering
Bluestone Physician Services delivers team-based primary care directly to patients in assisted living, memory care, independent living, and group home communities across Minnesota, Wisconsin, and Florida. The company integrates primary care, behavioral health, dementia care navigation (through CMS's GUIDE Model), complex care management, and care coordination services under a value-based care framework, supported by the proprietary Bluestone Bridge secure communication platform.
Product overview
Bluestone is a team-based primary care company delivering integrated healthcare services to patients in senior living communities across Florida, Minnesota, and Wisconsin. The core offering consists of Primary Care, Behavioral Health, and Dementia Care Navigation services delivered through house calls at assisted living, memory care, independent living, and group home communities. Supporting services include Complex Care Management, Care Coordination for Minnesota Medicaid programs, and an Accountable Care Organization participating in Medicare's Shared Savings Program. The technology platform includes the Bluestone Bridge secure communication tool and Patient Portal. The company recently expanded through GUIDE Model dementia care (August 2024) and Advanced Primary Care Management services (January 2025), and completed a brand refresh in March 2026.
Differentiator
Problem solved
Functional benefit
Brands
- Bluestone Bridge: A secure communication platform connecting patients, families, community staff, and care partners with Bluestone's care team for real-time updates and coordination.
- Bluestone Accountable Care Organization (ACO)
- Bluestone Dementia Care
- Bluestone Advanced Primary Care Management (APCM)
Products and services
- Primary Care Team-based primary care delivered on-site at senior living communities. Includes regular provider visits, 24/7 access through the Bluestone Bridge communication platform, and care coordination for residents with complex chronic conditions. Provided by physicians, PAs, and nurse practitioners certified in dementia and geriatric care for assisted living, memory care, independent living, and group home communities.
- Behavioral Health Mental and emotional healthcare integrated into primary care using the Collaborative Care Model. Provides treatment for depression, anxiety, PTSD, adjustment disorders, and dementia-related symptoms with behavioral health care managers and psychiatric consultants. Reported outcomes include 60% reduction in depression symptoms and 71% reduction in anxiety symptoms.
- Dementia Care Navigation (GUIDE Model) Comprehensive dementia support delivered through CMS's GUIDE (Guiding an Improved Dementia Experience) Model. Features dedicated care navigators, 24/7 access, caregiver support and education, and up to $2,500 in respite benefits for eligible families. Fully covered by CMS for eligible Traditional Medicare beneficiaries.
- Complex Care Management Extra support for Original Medicare beneficiaries through the Bluestone Accountable Care Organization. Includes complex care managers who help coordinate care during critical moments and hospital transitions, including the ED Early Response Program that alerts care managers when ACO patients arrive at the emergency department.
- Care Coordination Support for patients enrolled in Special Needs BasicCare (SNBC), Minnesota Senior Care Plus (MSC+), or Minnesota Senior Health Options (MSHO). Helps navigate benefits, arrange care, and connect to community resources for dual-eligible and Medicaid-managed care beneficiaries.
- Accountable Care Organization Services Value-based care delivery through the Bluestone Accountable Care Organization (ACO). Includes managed services, risk-based contracts, and population health models as part of the Medicare Shared Savings Program. Provides affiliated independent primary care practices with a supported path to value-based care and shared savings participation.
- Advanced Primary Care Management (APCM) Medicare care management program for patients with complex chronic conditions. Provides support between in-person visits including 24/7 access, personalized care plans, care coordination, transitional care, and medication management. Average copay $0-10; no cost for Medicare/Medicaid dual-eligible beneficiaries.
Quantifiable outcome
- 30% fewer hospital stays - patients spend more days at home
- +5 more outcomes
Companies that use Bluestone Physician Services
Customer profileNamed customers1 record
Segments4 records
Ideal customer profiles4 records
Bluestone Physician Services technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Bluestone Physician Services partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core and minor.
- Herself HealthcorePartnership beginning 2026 where Herself Health joins Bluestone ACO as first organizational partner. Collaboration to expand access to coordinated, whole-person care for women as they age, combining Bluestone's complex care expertise with Herself Health's women-centered primary care model.
- Connie HealthminorTrusted Medicare partner for annual enrollment support. Connie Health provides free, unbiased Medicare plan comparison assistance and educational webinars for Bluestone patients during annual enrollment periods.
- CareLinxminorTrusted partner for respite care staffing and scheduling under the GUIDE Model. CareLinx manages staffing and scheduling for caregiver respite services for eligible dementia patients and families.
- Centers for Medicare & Medicaid Services (CMS)coreSelected to participate in GUIDE (Guiding an Improved Dementia Experience) Model, a CMS Innovation Center program designed to support people living with dementia and their caregivers through dedicated care navigators, 24/7 access, and respite services.
Scale indicators16 records
Recent moves8 records
Expansion highlights7 records
Bluestone Physician Services competitors and assessment
Company assessmentDirect peers
- ConcertoCare: ConcertoCare provides in-home, team-based primary care and behavioral health for frail, dual-eligible seniors under value-based contracts — a direct peer in care setting, patient population, and revenue model.
- InnovAge Holding Corp. InnovAge operates the PACE program delivering integrated medical, behavioral, and social care to frail seniors, overlapping with Bluestone's complex care management and dual-eligible focus.
- Cano Health: Cano Health is a senior-focused value-based primary care company with on-site centers serving Medicare Advantage members, competing with Bluestone for similar patient panels and Medicare risk contracts.
- ChenMed: ChenMed operates a directly comparable value-based primary care model serving low-to-moderate income seniors with complex chronic conditions, including on-site clinic delivery at senior living communities — the closest direct peer to Bluestone.
- Oak Street Health (CVS Health): Oak Street Health, now part of CVS Health, runs a senior-focused value-based primary care model with on-site clinics, complex care management, and ACO participation — competing head-to-head with Bluestone for senior panels and health plan contracts.
- Landmark Health: Landmark Health provides in-home, team-based primary care and complex care management for high-risk, polychronic seniors under value-based contracts with health plans — a near-direct peer in care setting and patient profile.
Emerging players
- Privia Health: Privia Health is a physician enablement and value-based care platform supporting independent practices in MSSP and ACO arrangements — a partial peer overlapping with Bluestone's ACO/practice partner offering.
Regional players
- Help at Home: Help at Home is a large personal care services provider focused on Medicaid and dual-eligible seniors in their homes — comparable in care setting and population, though centered on personal/non-clinical care rather than physician services.
Broad incumbents
- CenterWell (Humana): CenterWell is Humana's owned-and-operated senior-focused primary care platform combining clinic-based, in-home, and pharmacy services, giving it broader scale and integrated payer relationships than Bluestone.
- VillageMD (Walgreens Boots Alliance): VillageMD delivers value-based primary care with senior-focused capabilities (including its Summus Health acquisition) at much larger scale and with deep capital backing from Walgreens, competing for the same health plan and ACO opportunities.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
Bluestone Physician Services social profiles
Digital presenceBluestone Physician Services financial estimates
Financial estimateRevenue estimate
Valuation estimate
Bluestone Physician Services leadership team
Management profileNumber of profiles
Profiles13 records
Bluestone Physician Services funding detail
Funding detailFunding overview
Funding rounds2 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Bluestone Physician Services 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 Bluestone Physician Services
What does Bluestone Physician Services do?
Bluestone Physician Services delivers team-based primary care directly to patients in assisted living, memory care, independent living, and group home communities across Minnesota, Wisconsin, and Florida. The company integrates primary care, behavioral health, dementia care navigation (through CMS's GUIDE Model), complex care management, and care coordination services under a value-based care framework, supported by the proprietary Bluestone Bridge secure communication platform.
Is Bluestone Physician Services a public or private company?
Bluestone Physician Services is a private company. It is classified as venture growth investor backed and is currently operating.
When was Bluestone Physician Services founded?
Bluestone Physician Services was founded in 2006. It employs 501 to 1,000 people.
Where is Bluestone Physician Services based?
Bluestone Physician Services is headquartered in Stillwater, United States, in the North America region.
How does Bluestone Physician Services make money?
Five revenue lines are on record. Medicare Shared Savings Program (MSSP) is the primary driver. The others are fee-for-Service Medicare Billing, behavioral Health Integration, GUIDE Model Services and health Plan Contracting.
Who are Bluestone Physician Services's main competitors?
Direct peers on record are ConcertoCare, InnovAge Holding Corp., Cano Health, ChenMed, Oak Street Health (CVS Health) and Landmark Health. Privia Health is listed as an emerging player. Help at Home is listed as a regional player. Broad incumbents are CenterWell (Humana) and VillageMD (Walgreens Boots Alliance).
Does Bluestone Physician Services have an API?
No public API is recorded for Bluestone Physician Services.
What industry is Bluestone Physician Services in?
Bluestone Physician Services's product category is Geriatric Primary Care and Value-Based Senior Healthcare Services. Its primary akta.pro industry code is HSABAIAD, Chronic Care & Complex Care Management. Its NAICS code is 621610 and its SIC code is 8082.