- The primary-care company One Medical is snapping up competitor Iora Health in a $2.1 billion deal.
- Investors have poured hundreds of millions into companies blending in-person and virtual care.
- Still, many of these services are inaccessible to patients.
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Companies rushing to upend primary care have raised hundreds of millions of dollars this year — and they’re at the heart of some of the most closely watched deals in healthcare.
The companies’ mission: Make it easier for patients to stay in constant contact with primary-care providers, keeping costly and dangerous health conditions at bay.
Many of these companies operate their own physical clinics but also offer patients various digital services like
visits, online booking, and the ability to text with providers. They typically charge membership fees, which are sometimes subsidized by employers or payers, though they’re generally not accessible to patients who can’t pay the fees out of pocket or who are on income-based assistance programs like Medicaid.
Some, like Iora Health and Oak Street Health, are focused on seniors. Others, like One Medical, are marketing more broadly, including to younger patients — though One Medical plans to buy rival Iora in a $2.1 billion deal. And still others, like Tia, are specifically designed to meet women’s healthcare needs.
As in-person care bounces back after a year of mostly virtual primary care, these companies are forging a path toward permanently blending physical services with virtual ones.
Read on to meet the companies we think are poised to change how primary care is delivered both inside and outside the doctors’ office.
A version of this article was previously published in 2020.