The intense interest in primary care comes as the coronavirus pandemic creates massive challenges for every part of the healthcare industry. Healthcare workers are facing, even as hospitals were overwhelmed by COVID-19 patients.
Oak Street made $201.8 million in revenue in the first first quarter of 2020, up from the $117 million it brought in between January and March 2019. For the full year 2019, Oak Street's revenue was $556.6 million, up from $317.9 million in 2018. The rest of Oak Streets members are in "capitated" arrangements, where insurers pay Oak Street to manage the health of the patient. In those arrangements, Oak Street takes on the financial and medical responsibility for keeping patients healthy. If a patient gets sick and needs to go to the hospital, for instance, Oak Street is on the hook for that expense.
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