Stratum Med

What Stratum Med does

Stratum Med is a physician-owned and physician-led collaborative alliance of medical groups founded in 1996 and headquartered in Champaign, Illinois. The organization aggregates demand across 21 shareholder organizations and more than 100 healthcare clients representing approximately 12,000 physicians across 13 states, providing shared services to large independent multi-specialty medical groups. Its service portfolio includes group purchasing (via GPO partner Provista), insurance brokerage (via wholly-owned subsidiary Stratum Brokerage Company, L.L.C. and national partner Lockton), executive search, locums management, revenue cycle support, clinical trials connectivity, marketing services, benchmarking, a data services platform, and Medicare Shared Savings Program ACO management. The 2025 acquisition of full ownership of the ACO from CVS Accountable Care extended the alliance's control over a value-based care platform managing approximately 70,000 attributed lives.

The company's core technology is the Stratum Data Services platform, an MSO-led, EMR-agnostic data infrastructure that integrates EHR, practice management, claims, and other data sources to enable cross-organization benchmarking, analytics, and ACO performance management. The platform emphasizes data ownership and customization for member groups and underpins the ACO, which generated $50.2 million in CMS savings in 2024 (up from $31.4M in 2023 and $27.1M in 2022). Distribution is exclusively direct: independent medical groups are onboarded as shareholders or clients via peer referrals, the invitation-only annual Stratum Summit (2026 keynote: Mark Cuban), and ten functional work groups spanning business office, finance, IT, clinical, ASC, marketing, and other functions.

Revenue is generated through administrative fees and pass-throughs on aggregated purchasing volume, brokerage commissions on insurance lines, professional services fees for executive search, locums coordination, and marketing, recurring fees for data and benchmarking services, and shared-savings distributions from ACO management. Pricing is not publicly disclosed and is negotiated individually. Member retention in the supply chain program is reported at 99% over the past five years, indicating strong recurring revenue durability across the membership base.

Name

Stratum Med

Legal name

Stratum Med

Website

https://stratummed.com

Company type

Private

Founded year

1996

Operating status

Operating

Headcount range

11–50 employees

Short description

Stratum Med is a physician-owned collaborative alliance of 21 shareholder medical groups and 100+ clients representing 12,000 physicians across 13 states. It provides group purchasing, insurance brokerage, executive search, data services, and ACO management to independent multi-specialty practices.

Ownership category

akta.pro rank

Product category

Healthcare Group Purchasing and Shared Services

NAICS

Offices of Physicians (6211), Offices of Physicians (62111)

SIC

Services-Health Services (8000), Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Hospital Shared Services, GPOs & System Support Organizations (HLAFAAAO)

akta.pro secondary industry

Clinical Research Support (CRC/CTA) (EDAOAJAO)

Keywords

• Group purchasing organization
• Medical group alliance
• Healthcare executive search
• Physician practice management
• Accountable care organization

Headquarters

HQ city

Champaign

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Supply Chain / Group Purchasing: Stratum operates a group purchasing program leveraging aggregated volume across member organizations to negotiate better pricing on medical/surgical supplies, pharmacy, and service contracts through GPO partner Provista. Revenue derived from savings pass-throughs and administrative fees on collective purchasing.
2. Insurance Brokerage Services: Stratum Brokerage Company LLC aggregates member volume and coverage lines to preferred insurance brokers (national partner: Lockton) to secure premium rates. Revenue generated through brokerage commissions and fees.
3. Executive Search: Boutique-style recruitment services matching healthcare executives with organizations. Services include C-Suite & Executive Search, Manager & Director Recruitment, Niche Skillset Research, and Interim/Pilot Roles placement.
4. Locums Management: Concierge coordination service serving as liaison between member groups and trusted locum firms for physician and advanced practice provider placements.
5. Revenue Cycle Support: Portfolio of vendor contracts and service agreements providing preferred terms and pricing for revenue cycle services including collections, contract management, work comp collections, and health services financing.
6. ACO Management: Stratum Med ACO manages value-based care contracts for participating physician groups, taking risk over attributed Medicare lives and sharing in savings generated.
7. Marketing Services: Digital marketing services including paid digital advertising, SEO, graphic design, campaign development and management for independent medical clinics.
8. Data Services: MSO-led data platform providing data acquisition, standardization, enrichment and delivery capabilities for independent medical groups.
9. Benchmarking Services: Medical group-specific benchmarking surveys including physician and executive compensation surveys, FTE/staffing surveys, and access to best practice knowledge base.
10. Collaborative Management: Executive Director and administrative oversight services for IPAs and medical group alliances including Northwest Medical Group Alliance.

Go-to-market motion3 records

Distribution channels1 record

Marketing channels4 records

Core offering

Stratum Med is a physician-owned, physician-led collaborative alliance that aggregates volume and shared services across independent, multi-specialty medical groups. It delivers group purchasing, insurance brokerage, executive search, locums management, clinical trial coordination, revenue cycle vendor contracts, value-based care through its own ACO, benchmarking surveys, a shared data platform, marketing services, and peer networking/work group programs to its shareholder and client medical practices.

Product overview

Stratum Med is a physician-owned, physician-led collaborative alliance of medical groups that functions as a membership-based shared-services organization rather than a traditional product company. Its portfolio consists of twelve interconnected service offerings: Supply Chain (group purchasing via Provista), Executive Search (boutique recruitment), Insurance Services (via Stratum Brokerage Company), Locums Management (locum tenens coordination), Clinical Trials (research connectivity), Revenue Cycle Support, Stratum ACO (value-based care platform), Collaborative Management (IPA oversight), Networking & Shared Learning (peer work groups), Benchmarking & Surveys, Data Services (shared data platform), and Marketing Services. These services share aggregated volume, intellectual capital, and negotiated vendor relationships to benefit independent medical group shareholders and clients. The company operates on a collaborative model rather than selling discrete software products.

Differentiator

Problem solved

Functional benefit

Brands

• Stratum Brokerage Company: Wholly-owned insurance brokerage subsidiary providing comprehensive insurance services across all coverage lines for medical group partners.
• Stratum Data Services
• Stratum Recruitment

Products and services

• Supply Chain (Group Purchasing)
• Executive Search
• Insurance Services (Stratum Brokerage Company)
• Locums Management
• Clinical Trials
• Revenue Cycle Support
• Stratum ACO (Accountable Care Organization)
• Collaborative Management
• Networking & Shared Learning
• Benchmarking & Surveys
• Data Services (Stratum Data Services)
• Marketing Services

Quantifiable outcome

• $50.2 million in 2024 CMS savings generated by Stratum Med ACO
• +4 more outcomes

Named customers23 records

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Ten partnerships are on record, tiered minor and core.

• CommerceHealthcareminorChannel Partner/ Reseller/ Distributor · 28 August 2020CommerceHealthcare (division of Commerce Bank) is a preferred partner for healthcare finance solutions including healthcare receivables management, accounts payable automation, and patient financial engagement. Services complement existing revenue cycle systems for Stratum member organizations.
• ProvistacoreStrategic or Co-development PartnerProvista serves as Stratum Med's Group Purchasing Organization (GPO) partner for the national supply chain purchasing program. The partnership leverages aggregated spend volume across member organizations to identify cost savings in medical/surgical, pharmacy, and service-related contracts. Provista provides contract pricing auditing and enhanced service delivery through a dedicated service model.
• Lockton CompaniescoreChannel Partner/ Reseller/ DistributorLockton is Stratum Med's national brokerage partner providing comprehensive insurance coverage and risk management solutions to member organizations. Lockton's specialized healthcare insurance department offers employee benefits, property and casualty services, and cost control solutions. The partnership enables Stratum members to access premium rates through volume aggregation and consolidated coverage lines.
• Mark CubanminorOthersMark Cuban serves as keynote speaker for the 2026 Stratum Summit conference. His session titled 'Healthcare is Broken: Cost, Transparency and Disruption' addresses healthcare cost and transparency issues.
• American Surgery Center Association (ASCA)minorStrategic or Co-development PartnerASCA CEO Bill Prentice facilitates sessions at Stratum Summit on ASC best practices, regulations, and future trends. Partnership supports ambulatory surgery center work group activities and shared learning among member organizations.
• Paul KeckleyminorOthersPaul Keckley facilitates 'The Keckley Report Live' session at Stratum Summit, providing expert healthcare policy analysis and industry insights to member organization leaders.
• Northwest Medical Group Alliance (NWMGA)coreStrategic or Co-development PartnerStratum Med serves as Executive Director for NWMGA, a medical group collaborative organization comprising physician practices in the Pacific Northwest region. Stratum provides board facilitation, administrative oversight, accounting, communications, and management services. NWMGA members include Family Care Network, Physicians of Southwest Washington, Proliance Surgeons, The Doctors Clinic, Walla Walla Clinic, Wenatchee Valley Medical Center, and Western Washington Medical Group.
• Northwest Medical Group Alliance MemberscoreStrategic or Co-development PartnerNWMGA is comprised of Family Care Network, Physicians of Southwest Washington, Proliance Surgeons, The Doctors Clinic, Walla Walla Clinic, Wenatchee Valley Medical Center, and Western Washington Medical Group - independent physician practices in the Pacific Northwest region served by Stratum Med's management services.
• JavaraminorStrategic or Co-development PartnerJavara partners with member organizations like Mankato Clinic to enable clinical trial capabilities, allowing physicians to lead research and offer cutting-edge care options.
• Enara HealthminorStrategic or Co-development PartnerEnara Health partners with member organizations like Mankato Clinic to provide telehealth-based obesity care and weight management programs for patients.

Scale indicators11 records

Recent moves9 records

Expansion highlights5 records

Direct peers

• Privia Health Group: Public, tech-enabled physician practice management and MSO platform serving independent medical groups with value-based care, data, and revenue cycle services. Direct competitor to Stratum Med's shared-services MSO model for independent physician groups.
• agilon health: Public company that partners with primary care physician groups to manage Medicare Advantage populations under full-risk value-based contracts. Comparable to Stratum Med's ACO and value-based care services for independent PCPs.
• Aledade: Private company that partners with independent primary care practices for ACO REACH and MSSP programs with shared savings and population health technology. Closest direct competitor to Stratum Med ACO.
• Vytalize Health: Private value-based care platform for independent physician practices, providing ACO and MSO services. Operates in a similar segment to Stratum Med's physician group alliance and ACO.
• Heritage Provider Network: Large physician-owned IPA and MSO operating value-based contracts in California and other markets. Comparable as a physician-led alliance delivering shared services and risk-bearing care delivery.

Broad incumbents

• Evolent Health: Public value-based care services and specialty care management provider supporting providers and payers. Overlaps with Stratum Med's ACO management and population health capabilities at a broader scale.
• VillageMD: Walgreens Boots Alliance-owned primary care platform offering MSO services to physician practices with extensive value-based care infrastructure. Adjacent comparison for the MSO/physician-enablement business model.

Emerging players

• OneOncology: Private equity-backed MSO platform partnering with independent oncology practices on value-based care, group purchasing, and operational services. Specialty analog of Stratum Med's MSO model for multi-specialty groups.
• P3 Health Partners: Public value-based care company focused on senior populations through partnerships with PCPs and IPAs. Comparable in ACO/MSO services for independent physician networks serving Medicare patients.

Regional players

• Centivo: Employer-sponsored health plan partnering with provider networks to deliver value-based primary care. Adjacent to Stratum Med's mission of supporting independent medical groups with shared infrastructure.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat7 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/stratum-med-inc

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Stratum Med