ASTH

Astrana Health operates as a physician-centric, technology-powered healthcare company providing value-based care services and population health management solutions serving over 1 million patients across California and selected markets through affiliated physician groups and integrated delivery networks. Headquartered in Alhambra, California, Astrana combines owned and affiliated physician practices, management services organizations supporting independent physicians, and proprietary technology platforms enabling care coordination, utilization management, and quality reporting required for success under value-based payment contracts including Medicare Advantage, Managed Medicaid, and commercial capitation arrangements. The company's physician network includes approximately 10,000 affiliated providers spanning primary care, specialty care, and hospital-based services organized into capitated medical groups accepting full financial risk for patient populations. Astrana's technology infrastructure includes electronic health records integrations, predictive analytics identifying high-risk patients requiring interventions, care coordination platforms connecting physicians with community resources, and financial systems tracking performance against quality metrics and budget targets under risk-based contracts. The company generates revenue primarily through capitated payments from health plans paying fixed per-member-per-month fees for managing defined patient populations, retaining profits when actual care costs fall below budget targets while bearing losses if costs exceed projections. Astrana completed multiple strategic acquisitions expanding its California footprint and establishing presence in new geographic markets where value-based care adoption accelerates among commercial payers and government programs. The company reported annual revenues exceeding $700 million with profitability depending heavily on medical cost management, quality performance meeting payer incentive thresholds, and membership growth expanding its population base.