What PraxisCare does

PraxisCare, Inc. is a Pendleton, Oregon-based value-based care company that operated as an Accountable Care Organization (ACO) under the CMS Innovation Center's ACO REACH Model, serving Medicare fee-for-service beneficiaries across the Pacific Northwest through a contracted network of independent primary care practices in Oregon, Washington, and Idaho. The company functioned as the contracting and risk-bearing intermediary between CMS and participating provider practices, layering care coordination, population health management, and data analytics on top of traditional primary care delivery. Its core product was the ACO REACH program, which combined capitated and partially capitated population-based payments with shared-savings distributions tied to quality and cost benchmarks.

PraxisCare's technology foundation centered on an ACO Performance Analytics platform that tracked quality measures (readmission rates, unplanned admissions, timely follow-up after acute exacerbations) across the provider network. According to 2023 public reporting, the platform supported top-decile quality performance, including a 99.9th percentile Risk-Standardized All-Condition Readmission score and a 95.2nd percentile score on unplanned admissions for patients with multiple chronic conditions. The company does not disclose proprietary AI/ML models; analytics capabilities appear to be conventional population health BI rather than AI-differentiated functionality.

PraxisCare generates revenue through two streams: CMS shared savings when ACO performance beats cost benchmarks (with 75% of net savings distributed to participating providers and 25% retained for infrastructure), and capitated/partially capitated population-based payments that replaced traditional fee-for-service Medicare reimbursement. The company is a subsidiary within the Adaugeo Healthcare Solutions family of companies, alongside Praxis Health (a primary care practice network providing Medical Director Jessica Morgan, MD) and Interpath Laboratory, sharing executive leadership including Executive Officer TK Kennedy, COO Mike Olson, and Financial Officer Jordan Beehner. Headcount is stated as 501–1,000, though the bulk of clinical staff sits at Praxis Health rather than within PraxisCare corporate. As of January 1, 2025, PraxisCare no longer participates in ACO REACH, discontinuing its disclosed revenue model.

Name

PraxisCare

Legal name

Praxis Health

Website

https://praxiscare.io

Company type

Private

Operating status

Operating

Headcount range

501–1,000 employees

Short description

PraxisCare is a Pendleton, Oregon-based healthcare company that operated as a Medicare ACO REACH value-based care organization, partnering with independent primary care practices across Oregon, Washington, and Idaho to deliver coordinated care to Medicare beneficiaries; as of January 1, 2025, it no longer participates in ACO REACH.

Ownership category

akta.pro rank

Product category

Value-Based Primary Care / Accountable Care Services

NAICS

Services for the Elderly and Persons with Disabilities (62412), Services for the Elderly and Persons with Disabilities (624120)

SIC

Hospital & Medical Service Plans (6324), Services-Offices & Clinics Of Doctors Of Medicine (8011)

akta.pro primary industry

Care Management & Population Health Program Administration (HLAEALAG)

akta.pro secondary industries

Independent Primary Care Practices (HLAFAGAA), Care Navigation & Service Coordination (Medical, Social, Community) (HSABAIAB), Medicare Member Engagement & Care Management (Utilization, Case/Disease Mgmt) (FSAIAGAL)

Keywords

• Value-based primary care
• Accountable care organization
• ACO REACH services
• Medicare care coordination
• Population health management

Headquarters

HQ city

Pendleton

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Shared Savings from ACO REACH: PraxisCare operates as an Accountable Care Organization under the ACO REACH Model. Revenue is generated through shared savings arrangements with CMS when the organization achieves quality care targets while reducing Medicare costs. The 2022 performance showed net savings of $2,791,840.41, with 25% reinvested in infrastructure and 75% distributed to participant providers and preferred providers.
2. Capitated and Partially Capitated Payments: The ACO REACH Model offers capitated and partially capitated population-based payments that move away from traditional fee-for-service Medicare, providing predictable revenue streams for participating practices.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

PraxisCare operates an Accountable Care Organization (ACO REACH) that partners with independent primary care practices across Oregon, Washington, and Idaho to deliver value-based care to Medicare fee-for-service beneficiaries. The organization provides capitated and partially capitated population-based payments, care coordination, chronic disease management, and shared-savings arrangements under the CMS Innovation Center's ACO REACH Model, supported by data analytics for quality measure tracking.

Product overview

PraxisCare operates as a Direct Contract Medicare organization participating in the ACO REACH model, offering a unified value-based primary care platform for Medicare patients. The company provides an integrated ACO REACH program combined with data analytics, quality metrics, and risk-sharing arrangements. PraxisCare functions as part of a broader family of healthcare companies (including Praxis Health, Adaugeo Healthcare Solutions, and Interpath Laboratory) and partners with participating practices across Oregon, Washington, and Idaho to deliver coordinated primary care services.

Differentiator

Problem solved

Functional benefit

Products and services

• PraxisCare ACO REACH Program An Accountable Care Organization operating under the CMS Innovation Center's ACO REACH Model, focused on serving Medicare patients through value-based primary care. Provides transparent risk-sharing arrangements, capitated and partially capitated population-based payments, robust data analytics, and quality metric tracking for participating provider practices across Oregon, Washington, and Idaho.
• Value-Based Primary Care Model A value-based healthcare delivery approach designed to improve quality, cost, and patient experience through care coordination, chronic disease management, and enhanced patient-provider relationships. Targets Medicare fee-for-service beneficiaries aligned with PraxisCare's network of independent primary care practices in the Pacific Northwest.
• Medicare ACO Services Medicare-focused accountable care organization services including population-based payments (capitated and partially capitated), beneficiary engagement, and quality performance tracking across measures such as readmission rates, unplanned admissions, and timely follow-up for traditional fee-for-service Medicare beneficiaries.

Quantifiable outcome

• 99.9th percentile in Risk-Standardized All-Condition Readmission (ACR) performance (2023)
• +3 more outcomes

Named customers7 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Nine partnerships are on record, tiered core and minor.

• Adaugeo Healthcare SolutionscoreStrategic or Co-development PartnerParent company and strategic partner providing executive leadership (Executive Officer TK Kennedy, COO Mike Olson, Financial Officer Jordan Beehner, Director of Business Development Kevin Murphy, Director of Analytics Jason Siegel). Adaugeo Healthcare Solutions is part of the family of companies that includes Interpath Laboratory, Praxis Health, and now PraxisCare.
• Praxis HealthcoreStrategic or Co-development PartnerPraxis Health is a family of companies and primary care practice network partner. Medical Director Jessica Morgan, MD serves from Praxis Health. The companies share operational infrastructure and clinical leadership for the ACO REACH model.
• Interpath LaboratoryminorStrategic or Co-development PartnerPart of the family of companies spanning five decades of healthcare experience. Interpath Laboratory provides laboratory services and is part of the integrated healthcare delivery ecosystem alongside PraxisCare.
• Centennial Medical Group / Evergreen Family MedicinecoreStrategic or Co-development PartnerParticipating provider in Oregon serving Medicare patients through the ACO REACH model. One of multiple independent practices in the PraxisCare provider network.
• Rogue Valley Physicians, PCcoreStrategic or Co-development PartnerParticipating provider in Oregon serving Medicare patients through the ACO REACH model.
• West Salem Family PracticecoreStrategic or Co-development PartnerParticipating provider in Oregon serving Medicare patients through the ACO REACH model.
• Legacy Medical Group – Salmon Creek Family MedicinecoreStrategic or Co-development PartnerParticipating provider in Washington serving Medicare patients through the ACO REACH model.
• Prairie Family MedicinecoreStrategic or Co-development PartnerParticipating provider in Idaho serving Medicare patients through the ACO REACH model.
• Primary Health Medical GroupcoreStrategic or Co-development PartnerParticipating provider in Idaho serving Medicare patients through the ACO REACH model.

Scale indicators5 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• ChenMed: ChenMed operates senior-focused primary care clinics under full-risk Medicare contracts, with significant geographic overlap in primary care delivery models. Its capitated, risk-bearing approach to Medicare primary care parallels PraxisCare's value-based design.
• Oak Street Health (CVS Health): Oak Street Health, acquired by CVS Health, operates value-based primary care clinics for Medicare beneficiaries under full-risk contracts. Its patient cohort, risk-bearing economics, and care coordination playbook closely mirror PraxisCare's Medicare-focused ACO model.
• CareMore Health (Elevance Health): CareMore, part of Elevance Health, operates integrated care delivery for Medicare and Medicaid beneficiaries including chronic care management and ACO-style programs. Comparable as a broader incumbent serving similar Medicare populations with care coordination infrastructure.

Emerging players

• VillageMD: VillageMD delivers value-based primary care through owned and affiliated practices, with significant Medicare focus. While owned by Walgreens, its core model of senior-focused, risk-bearing primary care overlaps with PraxisCare's target population and care delivery approach.
• Pearl Health: Pearl Health enables independent PCPs to participate in ACO REACH and other Medicare value-based programs through technology-enabled practice support. It is a direct peer within the ACO REACH ecosystem and competes for the same Pacific Northwest provider partnerships.
• P3 Health Partners: P3 Health Partners operates value-based care networks focused on Medicare Advantage populations in the Western U.S. Comparable in risk-bearing primary care delivery, though concentrated in MA rather than Traditional Medicare ACO REACH.

Direct peers

• Aledade: Aledade partners with independent primary care practices to operate ACOs in Medicare and other value-based programs, sharing savings with participating providers. It is the most direct competitor to PraxisCare's ACO REACH operating model, with a national footprint versus PraxisCare's Pacific Northwest base.
• Apollo Medical Holdings (Astrana Health): Astrana Health (formerly Apollo Medical Holdings) operates value-based care networks primarily in California serving Medicare and Medicaid populations through delegated risk arrangements. Its capitated primary care model and PCP-network approach are closely aligned with PraxisCare's design.
• Agilon Health: Agilon Health partners with primary care physician groups to manage Medicare Advantage populations under full-risk capitation. While focused on MA rather than ACO REACH, both organizations run shared-savings/risk arrangements with PCP networks serving seniors.
• Privia Health Group: Privia Health builds and operates single-specialty and primary care medical groups with risk-bearing arrangements, including ACO REACH. Comparable in its use of independent practice partnerships to deliver value-based care, though Privia operates on a broader, multi-state scale.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/praxiscare-direct-contracting

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 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 PraxisCare