“The average primary care doctor visit costs Medicare $100, while the average hospitalization costs Medicare $15,000. So, we can see a patient THREE times ...
Rebuilding Healthcare As It Should Be Healthcare in the U.S. is broken: ✚✚ The United States spends more on healthcare than most countries but has the worst health.1
#1
r
spende
✚✚ Rather than investing in health, we react to disease and miss the opportunity to address root issues.
The U.S. spends
$3.2 trillion a year
✚✚ This is particularly bad for people on Medicare in medically-underserved communities, or healthcare deserts, where care is difficult to access.2
What if we provide care that is: ersonal: create access, use technology, and build P relationships to make sure every patient gets the right care for himself/herself, knowing one size doesn’t fit all. Equitable: go where there is the greatest need and invest in our communities. Accountable: take financial responsibility for delivering measurable results.
This is what Oak Street Health does: • We spend three times as much on primary care that results in 40% fewer acute episodes that lead to hospitalizations.
3X
20mins vs 5mins 24hr
Sees patients more often Longer visits with the doctor
Constant access
Better documentation More comprehensive care + dedicated care team for each patient Coordinated care inside and also out of our walls
• We also see patients three times as often and spend four times as long with them when here.
It works: • Hospitalizations of our patients are down 40%.3 • We are able to provide five-star quality healthcare practice according to national standards.4 • We have a net promoter score from our patients of 92% compared to 3% for primary care.5
“The average primary care doctor visit costs Medicare $100, while the average hospitalization costs Medicare $15,000. So, we can see a patient THREE times per week every week of the year by avoiding just one hospitalization. Investing substantially more time and resources keeps our patients healthy and saves money overall.”
Ultimately:
MIKE PYKOSZ
CEO and Co-founder
We have built a financially viable and scalable solution to meet the primary healthcare needs of our country’s most medically underserved neighbors. We are rebuilding healthcare as it should be. commonwealthfund.org/publications/press-releases/2015/oct/us-spends-more-on-health-care-than-other-nations beckershospitalreview.com/quality/where-are-the-qhealthcare-desertsq-located.html Dartmouth Atlas of Health Care 4 NCQA Healthcare Effectiveness Data and Information Set (HEDIS). 5 The Advisory Board Company - advisory.com/research/market-innovation-center/the-growth-channel/2015/09/pcp-consumer-loyalty-survey. 1 2 3
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