Oak Street Health CEO on Primary Care M&A, Walmart Deal

Mike Pykosz, CEO of Oak Street Health, said the company is leaning into a hybrid approach to care.

“We do telehealth on one end of the spectrum and we do visits in the home for our sickest patients on the other end of the spectrum,” Pykosz said. “While most of our visits are in person, we do employ a range and that range is important.”

Oak Street Health, which offers primary care for Medicare-aged patients, was founded in Chicago ten years ago. In 2020, the company went public and last fall it acquired RubiconMD, a startup providing telehealth specialty consultations to primary care doctors for $130 million in cash.

Pykosz spoke with Digital Health Business & Technology about the company’s plans to grow as Amazon and other large tech companies enter primary care, what it learned from its recent partnership with retail giant Walmart and more. Read more.

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