CHICAGO (PRWEB) May 22, 2018
Oak Street Health, a network of health centers providing a new model of value-based primary care for Medicare patients, has been honored with the Inspirational Award by Value-Based Health Care (VBHC) Center Europe. The award recognizes Oak Street Health as one of the most inspiring and impactful value-based healthcare companies in the world.
The Inspirational Award is given to one organization that has adopted an innovative approach to providing excellent patient value and care. Nominees of this award span organizations across the world, including companies from Italy, the United Kingdom, The Netherlands and others. Dr. Griffin Myers, co-founder and Chief Medical Officer of Oak Street Health, accepted the award at VBHC’s fifth annual Prize event in Nijkerk, The Netherlands on April 26, 2018.
“We’re humbled and thrilled to receive this prestigious recognition on the international stage,” said Dr. Griffin Myers. “As we continue to grow, we’re looking forward to deepening the impact we make in our communities and giving everyone the care, resources and education they need to live healthy lives.”
Oak Street Health is a leading U.S. healthcare organization that pairs value-based care with active community engagement and support services for medically underserved communities. Its innovative model takes the full risk for its patients away from insurance providers, meaning if a patient is hospitalized, Oak Street Health is accountable and will pay that bill. However, its care model uses a preventative approach to keep patients happy, healthy and out of the hospital. For example, in addition to primary care, Oak Street Health offers behavioral health, social events and transportation to and from appointments for patients that qualify, and many centers offer podiatry and pharmacy services to address patient health needs.
As a result of its care model, Oak Street Health has achieved a 94 percent patient retention rate and has decreased patient hospitalizations by 44 percent since 2013.
“We’re pleased to recognize Oak Street Health for its inspiring approach to preventative care and community building,” said Prof. Dr. Fred Van Eenennaam, chairman of VBHC Center Europe. “We’ve noticed the tremendous impact they’ve already made in the United States, and we’ll continue to follow the organization’s work in their communities.”
Since opening in 2013, Oak Street Health has served over 42,000 patients in 25 centers across the Midwest, with plans to open 11 new centers in 2018 as it expands to surrounding states. For more information about Oak Street Health, visit http://www.oakstreethealth.com.
About Oak Street Health
Oak Street Health is a rapidly growing company of primary care centers for adults on Medicare in medically-underserved communities where there is little to no quality healthcare. Oak Street’s care is based on an entirely new model that is based on value for its patients, not on volume of services. The company is accountable for its patients’ health, spending more than twice as long with its patients and taking on the risks and costs of their care. Since 2013, Oak Street Health has been investing in communities across the Midwest – providing much-needed primary care for tens of thousands of people in 25 centers. For more information, visit http://www.oakstreethealth.com.