Oak Street’s Plans to Incorporate Virtual Care

Oak Street’s Health is on a progressive path to add virtual specialty care within its primary care centers focusing on Medicare patients. In accordance, the company has taken over RubiconMD through a $130 million deal in cash. Additionally, the company will give $60 million via milestone payments.

The acquisition is yet another combined effort between two technology-driven healthcare companies. Oak Street’s Health aims to secure the expertise and forte of RubiconMD thereby building a virtual network of specialists to satisfy Medicare patients’ needs. RubiconMD, is a New York-based eConsultation provider empowering primary care clinicians. It has been invested in strengthening and enhancing connectivity between patients and medical care providers aiming to develop a highly efficient eConsult platform.

RubiconMD founded in 2013 by will see through consistent advancement post acquisition. The flagbearers, Gil Addo, CEO, and Carlos Reines, President of RubiconMD will remain a part of the company even after the acquisition staying in loop of the future activities.As of now, RubiconMD’s network displays a robust environment of 230 providers broadly encompassing all major specialities. Through the recent takeover, Oak Street’s Health plans on integrating such solid network of expertise and specialists for in-person care.

Similar to the conservative primary care, virtual specialty services are compromised for older adults. With the expertise and strengths of RubiconMD, Oak Street’s is working towards reinstating an efficient model. This will specifically cater to patient needs, said Health CEO, Mike Pykosz during a press release.