Having built a network of over 70 medical clinics, One Medical is getting set to tell its story to Wall Street.
Rubin recently told CNBC that the company has seen "tremendous growth" in other areas of its business, including partnerships with self-insured employers for on-site and nearby health clinics. One Medical has more than 70 clinics across the country, which promote themselves as having "second to none technology."
Investors will wait to see, "Do they have health services margin, which is single digits or teens, or do they have tech margins?" said Farzad Mostashari, CEO of Aledade, a technology company that works with independent primary care groups. "And how quickly does it scale?" One Medical offers mobile apps with online scheduling, virtual consults, and same-day appointments. It also recently expanded into areas such as primary care and pediatrics. The company takes most health insurance plans, and also accepts cash payments, and charges members $199 a year for use of its digital apps and other services.
Mostashari said that one way to potentially boost profits is on the cost side, if the company can "show they're saving money for an insurer by keeping patients out of the hospital."
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