Primary care-focused health care firm opens first ABQ location
A national health care company focused on providing primary care to Medicare patients is expanding to
The first
"We … focus on keeping our patients healthy, happy, and out of the hospital," Chavez-Medrano said.
"Most patients as they get older have more and more health conditions that need to be taken care of," Sproul said.
Chavez-Medrano said Oak Street's model, which emphasizes extensive meeting time between patients and doctors, has proven successful at keeping patients out of the hospital. She said Oak Street patients are 51% less likely to be admitted to a hospital than a typical Medicare patient. If they are admitted to a hospital, Chavez-Medrano added that Oak Street patients are 42% less likely to be re-admitted within 30 days. She pointed to the company's 24-hour phone line and prompt access to doctors as reasons for the success.
"We take pride in same-day, or next-day access for our patients," Chavez-Medrano said. "That's what really helps to keep our patients out of the ER."
She added that Oak Street, which operates in 16 other states, seeks out markets that have a shortage of resources for Medicare patients.
Rather than a fee-for-service model, where tests, visits and other services each generate a payment, Oak Street uses a value-based payment model where the company partners with private insurance plans to receive a percentage of each member's monthly payment, according to investor materials on Oak Street's website.
When the company enters a market, Chavez-Medrano said it seeks out insurance groups to partner with and accept patients from. In
She added that Oak Street will send its outreach team to churches, food pantries, assisted living facilities and other community centers to make connections with local residents on Medicare. For patients who lack transportation, Oak Street offers a free van that will pick up patients within a certain radius as a courtesy, Chavez-Medrano said.
"We really focus on removing those socioeconomic barriers to be able to get to see your doctor," she said.
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