With an ambitious growth trajectory, Oak Street Health is attracting and . As such I believe there are pros and cons to an investment in Oak Street, but the growth trajectory required to support upside looks a little too steep for me at this time, and the company's 241m share count also significantly dilutes the shareholder value. The move. Our care teams develop personalized preventive care plans to help you achieve your physical and mental health goals. Our doctors specialize caring for anyone with Medicare, including Original Medicare Part B, select Medicare Advantage plans, Medicare Supplement or Medigap plans and Medicare-Medicaid Plans. Oak Street Health Opens New Center in Fayetteville A chain of primary care centers with ties to SelectQuote Inc. plans to enter the Kansas City market. 30 W. Monroe Street, Suite 1200, Chicago, Illinois 60603, US, View Call us at (888) 812-1183 to see if we accept your specific insurance or view a list of all insurance plans accepted. Please. Oak Street Health currently operates more than 150 centers across 20 states and is the only primary care provider to carry the AARP name. Immunizations and vaccinations are an important part of our preventative care model. As such for my DCF / EBITDA multiple model I have used the midpoint of management's FY21 revenue forecast for $1.3bn of revenues, and set a 5-year growth CAGR of 35%, and a CAGR for OPEX of 25%. Primary care centers &clinics accepting Medicare. At Oak Street Health, we are committed to providing the highest quality care to meet the individual needs of our patients and we are excited to bring our innovative healthcare model tothearea.. Oak Street Health South Philly accepts the following insurance. Find us on the East side of Route 95/Christopher Columbus Road. Get the care you deserve. Get the care you deserve. Get the care you deserve. For CVS, the acquisition of Oak Street is the latest part of chief executive officer Karen S. Lynch's strategy to have CVS and its companies touch the "entire spectrum of someone's health. Since its launch nine years, Oak Street Health said its model has resulted in a nearly 51% reduction in patient hospital admissions compared to Medicare benchmarks, a 42% reduction in 30-day. If you are not apatient, fill out the contact form to help us assistyou. Third Party materials included herein protected under copyright law. New patients are generally accepted by Dr. Christopher Than, DO on Healthgrades. Protonitazene is a new synthetic opioid that can cause "lethal" toxic effects at very low doses, according to South Australia'sacting chief public health officer Chris Lease. A dividend or share buyback using some of its extra funding would be welcome, but these funds are likely to be allocated to driving growth instead. SDI Productions/E+ via Getty Images. 3 . The South Philly clinic is at 2310 S. Christopher Columbus Blvd in Philadelphia, Pennsylvania. I am not receiving compensation for it (other than from Seeking Alpha). Dr. Than's office is located at 1715 E 95th St, Chicago, IL 60617. The CID requests certain documents and information related to the Companys relationships with third-party marketing agents and related to the Companys provision of free transportation to federal health care beneficiaries and requests information and documents related to such matters. Source: investor presentation. Oak Street's price to sales ratio is ~17x - far higher than its health insurer clients who tend to have P/S ratios <1x. Management estimates the company's addressable market to be 27m Medicare members in its target demographic, which translates to a market opportunity of ~$325bn in annual healthcare spend (~$12,000 per member). To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. For context, Oak Street's market cap is 4x smaller than Humana's, but Humana's revenues of $77.2bn in FY20 were 88x greater than Oak Street's revenues. Finally, Oak Street has a high share count of 241m, which is why, even assuming a long-term revenue growth rate of 35% per annum, coupled with a 5% per annum reduction in OPEX as a percentage of total revenue, my DCF / EBITDA analysis model implies a present day firm value of $5.6-$8.1bn, and a present day fair value share price of ~$29 - less than half the current trading price. Our trusted general practitioners and local doctors at the Oak Street Health South Philly location accept Medicare Advantage, Medicare, Aetna, Anthem, Cigna, Health Partners Medicare, Humana, Independence Blue Cross, Lasso Healthcare, UnitedHealthCare, and WellCare, and other insurance plans to suit your needs. Oak Street Health accepts all Medicare Supplement plans, also known as MediGap plans. With amission of rebuilding healthcare as it should be, the Company operates an innovative healthcare model focused on quality of care over volume of services, and assumes the full financial risk of its patients. Dr. Christopher Than, DO is a family medicine specialist in Chicago, IL. I need to see my doctor. The place was new & well done and the staff was pleasant & professional.Willie was great! Primary care centers &clinics accepting Medicare. Same-day and next-day appointments are available at the Oak Street Health South Philly clinic with minimal wait times. We can help you get the most out of your Medicare and Medicare Advantage insurance plans . We want to make sure you're connected to the right person as quickly as possible. I'm using a weighted average cost of capital of 14.4%, which is based on a risk free rate of 1.67%, expected market return of 15% and beta of 1, and after applying discount factors I calculate a firm value of $5.6bn, and present day share price value of $23. Why integrating mental health with primary care is so critical. Learn more about our survey process. With amission of rebuilding healthcare as it should be, the Company operates an innovative healthcare model focused on quality of care over volume of services, and assumes the full financial risk of its patients. Discover our care team of friendly, personal, primary care doctors who excel in providing truly exceptional care for Medicare patients, offering specialty medical services including behavioral health, specialist treatment, and outstanding primary healthcare at locations across the state. Dr. Than is excited to get to know you and provide the personalized care you deserve. Always consult a medical provider for diagnosis and treatment. Meet some of our Oakies, and learn what they do at Oak Street Health. The company certainly seems to enjoy a first mover advantage in its market, listing ChenMed and IoraHealth as its chief competitors - neither company has gone public, which may restrict their access to growth capital - on the primary care front, as well as independent practices. Let's talk about how our primary care doctors can better care for you. How do I or a family member become an Oak Street Health patient? Fossil fuel prices have collapsed. Sophie loved her job, until it made her so anxious she had to quit. Schedule an in-person, phone, or video visit today. According to these reports, CVS is willing to. Previously, Christopher was a Palliative Medicine Physicia n, Associate Medical Director of Palliative Medicine, Fellowship Faculty at AMITA Health and also held positions at Prisma Health, Swedish Covenant Hospital, Caribou Coffee. Read More. Our primary care physicians specialize in care for adults. Patients who qualify can also access clinical programs including mental healthcare and disease management to care of chronic conditions. Christopher Hypolite - Patient Relations Manager - Oak Street Health Dr Cock said if someone decided totakeprotonitazene, they shoulddo so only in "very, verytiny" amounts. 2023 Oak Street Health 30 W Monroe St, #1200, Chicago, IL 60603, Primary Care Clinics & Doctors Offices Near Me, 13 tips on how to choose a primary care physician (plus 7 types of doctors to know about), Primary Care Doctors & Physicians Near Me. Oak Street Health is a rapidly growing, innovative company of community-based healthcare centers which provides an unmatched experience for adults on Medicare. Source: Oak Street investor presentation. He. My education and background What I treat Oak Street Health accepts all forms of Medicare, including Original Medicare Part B, select Medicare Advantage plans, Medicare Supplement or Medigap plans and Medicare-Medicaid Plans. Although Oak Street's illustrative economics in the slide above show how all of the different stakeholders take a portion of the CMS' payments to Medicare Advantage plans, with Oak Street retaining whatever is left after it has administered its products and services as profit, health insurers typically earn low profit margins, while their substantial scale delivers high EPS and profitability for shareholders. Compare ChenMed vs Oak Street Health See how working at ChenMed vs. Oak Street Health compares on a variety of workplace factors. Value-based care: What is it and what are its benefits? What insurance does Dr. Christopher Than accept? The location you tried did not return a result. Find doctors by state Alabama Arizona Colorado Georgia Illinois Indiana Kentucky Louisiana Michigan South Philly Primary Care Clinic - Oak Street Health If you are interested in scheduling an appointment, please call (888) 8986762 to speak toanagent. The company is accountable for its patients . This list of insurances changes regularly. Take the Southeastern Pennsylvania Transportation Authority line #25 to Columbus Blvd &Reed Street. How do I become a patient of Dr. Christopher Than? Oak Street IPOd in August last year, raising $328m at a price of $21 per share, and its shares trade at $63 at the time of writing, representing a 200% gain in a little over eight months. Compare Working at ChenMed vs Oak Street Health | Glassdoor Interested patients can visit the Southeast Raleigh center website to learnmore. 3500 LITTLE YORK RD STE B6. Get the care you deserve. Oak Street Health accepts Original Medicare Part A and Part B plans. The growth is impressive, but based on the available evidence, possibly not quite fast enough to justify a $15bn market cap. SA Health said anyone who experienced unexpected effects of protonitazeneshould call triple-0 or present to the nearest emergency department immediately. My husband & I both liked our doctors very much. Management may need to exceed its own forecasts in order for Oak Street's share price to grow much higher, whilst any signs that growth is beginning to plateau may result in downside momentum. Oak Street Health (NYSE: OSH) stock is on the rise Tuesday as investors react to a report that CVS (NYSE: CVS) plans to take over the company. The success or otherwise of Oak Street's model is dependent on the company's ability not only to attract new members, but to attract qualified and capable physicians to serve these populations. Founded in 2012, Oak Street Health is anetwork of value-based primary care centers for adults on Medicare. Des Moines University College of Osteopathic Medicine. Oak Street Health & CVS Health: Potential Merger (NYSE:CVS) Primary care centers &clinics accepting Medicare. Our Medicare doctors are available from 8:40am-5pm, Monday to Friday. Using the EBITDA multiple method and an estimated industry multiple of 12x, I calculate a firm value of $8.1bn and present day share price of $34. Dr. Than is a Family Medicine Specialist. Open roles at Oak Street Health | Oak Street Health I am not receiving compensation for it (other than from Seeking Alpha). How do I make an appointment? We are thrilled to open our Gate City center in North Carolina and begin delivering an unmatched patient experience and improving health outcomes for older adults in the community, said Dr. Dillon Miller, Regional Medical Director at Oak Street Health. What common conditions do doctors at South Philly treat? Oak Street Health - Oak Street Health Selected by AARP as the Only Oak Street Health accepts all forms of Medicare, including Original Medicare Part B, select Medicare Advantage plans, Medicare Supplement or Medigap plans and Medicare-Medicaid Plans. Because they speak a number of languages, including Spanish, they are able to spend the necessary time really getting to know you and your medical history so they can put together a healthcare plan suited to your needs. Their office accepts new patients. Check if Dr. Than treats your condition or procedure. The Company is a winner of Energage's 2022 Top Workplaces USA award, was recognized by Inc. on its inaugural Best-Led Companies of 2021 list and was honored as a recipient of the 2021 Joy in Medicine . I cannot say anything here other than buzzwords, losses and BS press releases about AARP, customer surveys and questionable acquisition and most of all relentless insider selling. Oak Street Health paid $130 million cash in the deal, with an additional $60 million contingent based on future performance. The business is targeting a large and growing market in Medicare Advantage- spending within the sector is expected to grow at 7% per annum - with a first-mover advantage and a range of blue-chip health insurer clients, as well as an opportunity to move into direct contracting with the Centers for Medicaid and Medicare ("CMS"). She said there were some "harm reduction measures"drug consumerscould take to make sure theygot the help they neededif they had an adverse reaction to the opioid. Read More. is lower income Medicare eligibles primarily using Medicare Advantage with a high prevalence of chronic conditions - a population which Oak Street believes is underserved, pointing to the lower life expectancy in the US compared to other developed countries (78.6 years compared to 82.2 years) and the rise in chronic conditions such as obesity, diabetes, hypertension, and mental health conditions including depression and isolation. This is Oak Street Healths ninth center in North Carolina and the third in the Triangle area, joining existing centers at 4600 Capital Blvd. Select the hospital below to learn more. Schedule an in-person, phone, or video visit today. Our South Philly location accepts all forms of Medicare, including Original Medicare Part B, select Medicare Advantage plans, Medicare Supplement or Medigap plans and Medicare-Medicaid Plans. At current price of $62, and market cap >$15bn, I think Oak Street could struggle to meet the market's growth expectations, but an entry point of ~$50 could be attractive. free lookups / month. Call us at (888) 812-1183 to see if we accept your specific insurance or view a list of all insurance plans accepted. This list of insurances changes regularly. Christopher Trent - Sr. Practice Manager - Oak Street Health - LinkedIn Dr Caldicott saidconsumerswouldn'tnotice that they had overdosedbutthe people around them would. Original Medicare Dr. Than accepts Original Medicare Part A and Part B plans. Does Dr. Christopher Than, DO accept any insurance plans? The actor, who played Tommy Duckworth in the ITV show, was sacked from his role in 2013 after . Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. How do I find doctors who accept Medicare near me? Watch some of our proud Oakies talk about what they do, and how they help the communities . Who can become a patient of Dr. Christopher Than? Because they speak a number of languages, including Spanish, they are able to spend the . Healthgrades is committed to the privacy and security of your personal information. What area does Oak Street Health South Philly service? Our primary care centers welcome new patients and accept most Medicare or Medicare Advantage insurance plans. See more on Healthgrades. We can help you get the most out of your Medicare and Medicare Advantage insurance plans, set up mail-order prescriptions, and coordinate healthcare services such as specialist appointments and social services. shares trade at $63 at the time of writing, representing a 200% gain in a little over eight months. Chicago, IL Christopher Than Insurance accepted by Dr. Christopher Than, DO This list of insurances changes regularly. 1715 E 95th St. Chicago, IL 60617. WOONSOCKET, R.I., CHICAGO, Feb. 8, 2023 CVS Health (NYSE: CVS) and Oak Street Health (NYSE: OSH) have entered into a definitive agreement under which CVS Health will acquire Oak Street Health in an all-cash transaction at $39 per share, representing an enterprise value of approximately $10.6 billion. Our dedicated care team can assist with navigating your Medicare and Medicare Advantage benefits, social services, and other healthcare resources. Our primary care providers, and supporting care team, develop preventive care plans to help you achieve your physical and mental health goals. Please call the office to learn more. Practice Manager Sep 2021 - Present1 year 9 months East St Louis, Illinois, United States Practice Manager Jun 2019 - Present4 years Outreach Director. Oak Street Health : 75 Black healthcare leaders to know | 2022 04/01/2022 | 02:48pm EDT Diversity is important in the healthcare C-suite so health systems can best serve their entire patient population and workforce. Source: my table and assumptions using historic company financials, management guidance. Dr. Than is affiliated with the following hospital. Our Dallas, TX doctors and primary care physicians take the time to get to know you and your needs. Get Christopher Than's email address (c*****@oakstreethealth.com) and phone number (847420..) at RocketReach. Founded in 2012, Oak Street Health is anetwork of value-based primary care centers for adults on Medicare. Oak Street Health Opens Ninth Center in North Carolina Oak Street contracts with ~25 payor partners altogether, including the top five in Medicare Advantage (according to the company's 2020 10K submission), which is impressive for a company that only began accepting fully capitated contracts in 2016, and provides attractive recurring revenue streams. conference call re 10Q nugget- On November 1, 2021, the Company received a civil investigative demand (CID) from the United States Department of Justice.