Former Vanguard exec raising money for primary care venture

Ampersand Health to contract with health plans, coordinate care

Former Vanguard executive and e+CancerCare Tim Petrikin is back on the entrepreneurial path and focused on fixing primary care. Earlier this week, Jarrard Phillips Cate & Hancock co-founder Molly Cate described in the firm's Inside Baseball newsletter the plans for Ampersand Health.

"Focused on the primary care conundrum (that simple, yet universally agreed-upon broken piece of the nation's health care system that costs billions in the long run), Ampersand wants to build primary care team clinics in partnership with health plans and capture value via their risk contracts."

Through contracts with health plans — primarily government-based, but not exclusively — Ampersand will seek to provide the capital for care coordination infrastrucure. The Ampersand model pulls care management directly into the practice and designs the clinic's workflow around it, moving away from transactional-based work flow or Accountable Care Organization-based management. The primary care clinics will integrate behavioral and physical health and coordinate with specialty care providers and hospitals as necessary.

Cate reports Petrikin, who left Vanguard after the company's sale to Tenet Healthcare, is raising money for the venture. Ampersand's first market launches are expected this summer.