Disruptive primary-care companies: Iora Health, One Medical, ChenMed

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Meet the 8 companies changing how doctors get paid and building the future of medicine

. The federal government is planning to pay for care for some Medicare patients in a similar way too.

Venture-capital and private-equity investors alike have taken an interest in the model, pouring hundreds of millions in funding into some of the companies. , family-owned ChenMed, and private-equity-backed Oak Street Health — comes at a time when the market for Medicare Advantage plans has grown increasingly competitive.were enrolled in private Medicare Advantage plansPeople can typically choose to enroll in Traditional Medicare or Medicare Advantage plans when they turn 65.

Founded in 2010, Boston-based Iora works with"sponsors" — mainly employers or private health plans for the elderly — that cover a monthly fee for primary care. Iora also built out care teams of nurses and other health professionals that can help the doctors within the practice. Iora says the approach is working. In one group of Medicare patients, Iora says it reduced hospital admissions by 50% and emergency room visits by 20% over 18 months.

Doctors care for a group of about 500 to 700 patients, depending on where they practice and the health of those patients.The company has raised more than $250 million from investors like GE Ventures, Khosla Ventures, Temasek Holdings, and Humana. Iora has more than 30 clinics. It plans to open another 16 over the rest of 2019 in states such as

 

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Wait you mean to tell me doctors don’t get into medicine yo help those in need and don’t care about the money? AmerMedicalAssn DoNoHarm

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