Oak Street Health Announces Plans to Enter 20th State, Arizona Centers to Open in 2022

Rhea-AI Summary

Oak Street Health (NYSE: OSH) is expanding into Arizona in 2022, marking its 20th state. This move aims to enhance care for older adults in Phoenix and Tucson while creating local job opportunities. The company emphasizes a superior healthcare model that includes personalized care plans, telehealth services, and 24/7 patient support. Since 2012, Oak Street Health has achieved about a 51% reduction in patient hospital admissions and a 90 Net Promoter Score. The centers will accept various health plans, including traditional Medicare.

Positive

• Expansion into Arizona will increase market presence to 20 states.
• Creation of job opportunities in Phoenix and Tucson.
• Proven healthcare model with a 51% reduction in hospital admissions and 42% reduction in readmissions.
• High patient satisfaction reflected in a Net Promoter Score of 90.

Negative

• None.

Oak Street Health, Inc. (NYSE: OSH, or the “Company”), a network of value-based primary care centers for adults on Medicare, today announced its plans to enter Arizona in 2022, marking its 20th state. The Company will bring its innovative model of care to older adults in Phoenix and Tucson while creating employment opportunities for healthcare providers and other qualified candidates in those cities.

“As vaccination rates rise, restrictions lift, and loved ones across the country safely reunite, Oak Street Health is excited to look toward the future,” said Mike Pykosz, Chief Executive Officer of Oak Street Health. “We are proud to announce plans to enter Arizona in early 2022, and we look forward to introducing older adults in Phoenix and Tucson to a superior healthcare experience. We are also excited by the opportunity to welcome new team members in Arizona to join our mission to rebuild healthcare as it should be.”

Oak Street Health patients can expect an unmatched healthcare experience that includes quality time with their provider in-person or via telehealth visits; a 24/7 patient support line; individualized, preventive care plans; and access to transportation to and from the center for eligible patients. Additional services, such as behavioral health care, social health support and Medicare education classes, are also offered to help older adults meet their unique needs in one convenient location.

Since its founding in 2012, Oak Street Health has driven an approximately 51% reduction in patient hospital admissions compared to Medicare benchmarks, a 42% reduction in 30-day readmission rates and a 51% reduction in emergency department visits, all while maintaining a Net Promoter Score of 90 across patients. Oak Street Health will accept multiple health plans at all locations, including traditional Medicare.

To learn more about Oak Street Health’s value-based primary care model, click here.

About Oak Street Health

Founded in 2012, Oak Street Health is a network of value-based primary care centers for adults on Medicare. With a mission of rebuilding healthcare as it should be, the Company operates an innovative healthcare model focused on quality of care over volume of services, and assumes the full financial risk of its patients. Oak Street Health currently operates more than 90 centers across 13 states. To learn more about Oak Street Health’s proven approach to care, visit oakstreethealth.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210607005218/en/

FAQ

When is Oak Street Health entering Arizona?

Oak Street Health plans to enter Arizona in early 2022.

What services does Oak Street Health offer in Arizona?

Oak Street Health offers personalized care plans, telehealth services, 24/7 patient support, and additional services including behavioral health care and Medicare education classes.

What is the market presence of Oak Street Health?

With the Arizona expansion, Oak Street Health will operate in 20 states.

What are the patient admission reductions reported by Oak Street Health?

Oak Street Health reports a 51% reduction in patient hospital admissions and a 42% reduction in 30-day readmission rates.

What types of health plans does Oak Street Health accept?

Oak Street Health accepts multiple health plans, including traditional Medicare, at all locations.