Astrana Health, Inc. ASTH

Company Overview

Astrana Health, Inc. is a U.S.-based healthcare management and value-based care company focused on coordinating and delivering medical services through physician-centric care models. The company operates primarily in the healthcare services and managed care industries, with a focus on value-based reimbursement arrangements that emphasize population health management, preventive care, and cost efficiency. Astrana Health works with physicians, health plans, hospitals, and healthcare systems to manage care for patients across Medicare, Medicaid, commercial insurance, and ACA marketplace programs. Its business model centers on aligning provider incentives with patient outcomes through risk-sharing and coordinated care programs.

The company’s primary revenue drivers include capitation payments, risk pool settlements, healthcare management services, care coordination, and clinical operations through affiliated physician groups and management entities. Astrana Health evolved from Apollo Medical Holdings, Inc., which merged with Network Medical Management, Inc. in 2017 to expand its integrated care management capabilities. In 2024, the company formally rebranded as Astrana Health to reflect its broader healthcare platform strategy and national growth ambitions. The company has positioned itself as a technology-enabled physician enablement platform with a significant focus on underserved and multicultural patient populations, particularly within Medicare Advantage and government-sponsored healthcare programs.