The Heart of Healthcare | A Digital Health Podcast Lessons from an $11B Healthcare Exit | Oak Street Health Founder Mike Pykosz
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Feb 24, 2025 Mike Pykosz, co-founder of Oak Street Health, shares his unconventional journey from aspiring doctor to healthcare entrepreneur. He discusses the challenges of scaling an 'unprofitable' care model and emphasizes focusing on patient outcomes over profits. Pykosz highlights the critical role of co-founders in creating a shared vision while reflecting on the complexities of taking a company public during COVID. He also addresses the current state of value-based care and the lessons learned in transforming healthcare delivery.
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Scaling by Building New Practices
- Oak Street Health succeeded by building new practices from scratch rather than changing entrenched local provider behaviors.
- This approach addressed unique local healthcare needs while scaling a value-based model nationally.
Value of Targeted Primary Care
- Primary care focused on a specific patient population can deliver better outcomes and lower costs.
- Tailoring care to local community needs is crucial for success and efficiency.
Focus on Care, Growth, and Scale
- Obsess over building a better care model, growing patient volume, and retaining patients with excellent experience.
- Prove the model works, fill centers, scale across geographies, and maintain focus on impact.