One Medical, a fast-growing startup that just raised $350 million to reinvent how you visit your doctor, is betting it can 'blow this thing out nationally'
Courtesy One Medical
- One Medical is a medical practice that charges a flat fee of $199 a year with the goal of making doctor's visits easier for patients.
- On Wednesday, the company said it had raised up to $350 million from private equity firm Carlyle Group.
- The private company, which got its start in 2007, is now in its second decade and is working on expanding its presence in the US and its work with employers.
- "Where we're going in our next decade is to blow this thing out nationally," CEO Amir Dan Rubin, who joined the company in August 2017, told Business Insider.
In the exploding world of healthcare technology startups - especially those working to improve visits to doctor's offices - few have been around for more than a decade.
Cue One Medical, a company founded in 2007 that charges a flat fee of $199 a year for its services. Members still use their insurance during their visits to One Medical-run clinics, but the fee covers additional services such as mobile communication with One Medical staff members and mobile prescription renewals. Members can also book appointments online, including last-minute visits.
One Medical got its start in 2007 in San Francisco and has since expanded its clinics into nine cities, including three offices in San Diego coming in 2019. On Wednesday, the company said it had raised up to $350 million from private equity firm Carlyle Group. ...
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