Oak Street Health Launches Nurse Practitioner Fellowship in Adult Primary Care

Rhea-AI Summary

Oak Street Health (NYSE: OSH) has launched a groundbreaking graduate nurse practitioner training program, in collaboration with the University of Michigan School of Nursing. This 12-month paid fellowship aims to enhance the skills of eight new clinicians across multiple states: Illinois, Pennsylvania, North Carolina, and Texas. The program focuses on value-based care and includes a comprehensive curriculum designed to reduce hospital admissions—51% lower than Medicare benchmarks. Oak Street operates over 150 centers and aims to improve care for older adults.

Positive

• Launch of a graduate NP training program to enhance clinician skills.
• Collaboration with a highly regarded nursing school increases program credibility.
• Demonstrated success in reducing patient hospital admissions by 51%.
• Maintained a high patient Net Promoter Score of 90.

Negative

• None.

First-of-its-kind program for post-graduate training in value-based care

CHICAGO--(BUSINESS WIRE)-- Oak Street Health, Inc. (NYSE: OSH, or the “Company”), a network of value-based primary care centers for adults on Medicare, today announced the launch of its new graduate nurse practitioner (NP) training program to provide the necessary skills, support and education required to become a highly confident and competent clinician for older adults. In collaboration with the University of Michigan School of Nursing (UMSN), a nationally recognized leader in NP education, the NP Fellowship in Adult Primary Care is a 12-month paid training program for the inaugural cohort of eight fellows across Oak Street Health centers in Illinois, Pennsylvania, North Carolina and Texas.

“Oak Street Health is committed to providing high-quality primary care and an unmatched patient experience, and that begins with our exceptional team of providers,” said Dr. Julie Silverstein, Chief Medical Officer, Care Delivery of Oak Street Health. “We are proud to be a leader by developing this unique NP Fellowship, and thrilled to officially launch our inaugural program to develop skilled, competent clinicians for our value-based care model.”

Fellows will spend time building their own patient panel, learning from a multitude of preceptors, and engaging in Oak Street Health-specific content that aims to build on graduate training. The robust curriculum, which covers topics such as value-based care, chronic disease management, working and leading interprofessional teams and professional development, will enable them to become successful clinicians within the unique Oak Street Health care model.

“We are excited to begin our fellowship program with eight talented individuals across the country who will develop into highly-skilled NPs that will make a difference in the lives of our patients and the communities we serve,” said Jean Reidy, NP and Senior Medical Director of Advanced Practice Providers. “This is a unique and meaningful opportunity for NPs to have rigorous and comprehensive training after graduation, ultimately leading to more autonomous and effective providers.”

Oak Street Health delivers personalized, preventive primary care through a model that was created to meet the unique needs of older adults. The Company has reduced patient hospital admissions by approximately 51% compared to Medicare benchmarks, and driven 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 is dedicated to making a positive impact in the areas it serves by hiring employees from local neighborhoods and investing resources to support its communities.

To learn more about Oak Street Health’s new fellowship, 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 150 centers across 20 states and is the only primary care provider to carry the AARP name. The Company is a winner of Energage's 2022 Top Workplaces USA award, was recognized by Inc. on its inaugural Best-Led Companies of 2021 list and was honored as a recipient of the 2021 Joy in Medicine™ Health System Recognition Program by the American Medical Association. To learn more about Oak Street Health’s proven approach to care, visit oakstreethealth.com or read its Social Impact Report.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220920005321/en/

Media Contact:

Erica Frank

Vice President of Public Relations

Erica.Frank@oakstreethealth.com



Investors Contact:

Sarah Cluck

Head of Investor Relations

Sarah.Cluck@oakstreethealth.com

Source: Oak Street Health

FAQ

What is the new training program launched by Oak Street Health?

Oak Street Health has launched a graduate nurse practitioner fellowship program to train clinicians for value-based care.

What states are involved in the Oak Street Health NP Fellowship?

The NP Fellowship program involves centers in Illinois, Pennsylvania, North Carolina, and Texas.

How does Oak Street Health's model impact hospital admissions?

Oak Street Health has reduced patient hospital admissions by approximately 51% compared to Medicare benchmarks.

What is the goal of the NP Fellowship at Oak Street Health?

The goal is to develop skilled and competent nurse practitioners focused on providing high-quality care for older adults.