One Medical Group Raises $40 Million in Venture Capital.
The fastest-growing primary care system in the country, One Medical Group, has recently announced that it has managed to raise over $40 million in venture capital, in order to expand its presence within new markets and meet the important need of employers for an affordable care deliver solution. This funding round was led by Redmile Group, with participation from current institutional investors.
“We started One Medical to build a better primary care delivery model – one that uses technology to deliver higher-quality care and service more affordable,” said Tom Lee MD, the company’s founder and CEO. “With our recent expansion into the enterprise, employers are discovering that our model can help them lower their overall health care costs while giving their employees turnkey access to quality primary care that they love.”
One Medical’s technology will enable a primary approach to care and give health professionals the time and tools necessary to make a much smarter decision, all the while empowering patients for better management over their own health. Furthermore, it offers a top primary care physicians the opportunity to practice medicine in a much more affordable manner of practice, concentrating more of their time on their patients rather then dealing with massive amounts of paperwork.
This recent funding comes along with the following breakthrough year for One Medical, The company has included over seven new offices and increased its member base by over 50 percent during 2013, during the meantime they had launched a new telehealth services though the use of Google Helpouts. Furthermore, the company has also recently announced that over 40 companies have enrolled in its employee health benefit program, these include Adobe, Doximity, Fitbit, NBC Universal, On Deck Capital, Percolate, Quantcast, Sequoia Benefits, Uber and Wanelo.