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Oak Street Health (NYSE: OSH) announced its participation in the Piper Sandler 33rd Annual Healthcare Conference on December 1, 2021, with a virtual presentation at 9:30 a.m. ET. The company specializes in value-based primary care for Medicare adults, emphasizing quality over service volume. Founded in 2012, Oak Street Health operates over 100 centers across 19 states and is recognized as the sole primary care provider associated with AARP. For more details about their care approach, visit oakstreethealth.com.
Oak Street Health (NYSE: OSH) will participate in the Wolfe Research Virtual Healthcare Conference on November 18, 2021, featuring a live webcast with CEO Mike Pykosz and CFO Tim Cook at 12:45 p.m. ET. As a provider of value-based primary care for Medicare adults, Oak Street Health operates over 100 centers across 19 states, emphasizing quality of care over the volume of services. The company is uniquely associated with the AARP brand, reflecting its commitment to better healthcare solutions.
Oak Street Health, Inc. (NYSE: OSH) reported robust financial results for Q3 2021, achieving over $1 billion in revenue for the first time. The company experienced a 78% year-over-year revenue growth, totaling $388.7 million, with a net loss of $109.9 million. Significant developments included a partnership with AARP and the acquisition of RubiconMD, enhancing their primary care services. The company expanded to 110 centers nationwide, with a 69% increase in at-risk patient growth, aiming for a revenue target between $1.4 billion and $1.425 billion for FY 2021.
Oak Street Health (NYSE: OSH) will hold a conference call on November 9, 2021, at 8:00 AM ET to discuss its fiscal third quarter 2021 financial results. A press release with these results will be issued on November 8, 2021, after market close. Oak Street Health operates over 100 primary care centers focusing on adults on Medicare, emphasizing quality care over service volume. The company aims to transform healthcare with a value-based approach, assuming full financial risk for its patients.
Oak Street Health (NYSE: OSH) has announced the acquisition of RubiconMD, a technology platform enhancing access to specialty care. This strategic move will allow Oak Street to incorporate virtual specialty services, streamlining referrals and improving patient care for Medicare adults. The integration aims to enhance patient experience, manage costs effectively, and expand healthcare access. RubiconMD boasts a network of over 230 specialists across major fields, fostering better care coordination. The acquisition supports Oak Street's mission to transform healthcare, focusing on preventive care for older adults.
Oak Street Health (NYSE: OSH) announces plans to expand its value-based primary care centers into Kansas City, Missouri and Kansas City, Kansas, marking its presence in 21 states. The company is also set to enhance its operations in Illinois with new centers in Chicago, Aurora, Peoria, and Schaumburg. Additionally, Oak Street Health will open new centers in New York City, specifically in the Bronx and Queens. The company has successfully reduced hospital admissions by 51% compared to Medicare benchmarks.
Oak Street Health (NYSE: OSH) announced that its accountable care organization, Acorn Network, achieved the fourth highest savings rate of 16.86% among 513 ACOs in the Medicare Shared Savings Program for 2020. This is significantly above the average savings rate of 4%. The company also noted a dramatic reduction in patient hospital admissions (51%), 30-day readmissions (42%), and emergency department visits (51%). Oak Street Health operates over 100 centers across 18 states and participates in the CMS Direct Contracting program.
Oak Street Health (NYSE: OSH) has been selected as the only primary care provider to carry the AARP name, a significant achievement aimed at improving healthcare access for Medicare-eligible individuals. AARP Services conducted national research that highlighted Oak Street's superior clinical outcomes, including a 51% reduction in hospital admissions compared to Medicare benchmarks. The company's model emphasizes quality care over volume, maintaining a Net Promoter Score of 90. This partnership is expected to enhance Oak Street's reach among older adults seeking quality healthcare.
