One Medical and ParetoHealth Partner to Bring Innovative Healthcare Solutions to Employers
May 06 2021 - 9:00AM
One Medical (NASDAQ: ONEM), a leading national primary care
organization, and ParetoHealth, the nation’s leading employee
benefits captive solution, today announced a national distribution
partnership to offer One Medical’s modernized primary care to
ParetoHealth’s rapidly growing customer base of over 1,400
employers with more than 440,000 lives covered nationwide.
Together, the two organizations aim to improve employee well-being
with a highly engaging healthcare benefit that supports employers
in taking control of healthcare costs.
Employers are the largest source of healthcare coverage in the
U.S., yet often they find their healthcare benefits are costly and
high-risk, with employees using emergency rooms and acute care
centers for routine care. The employee experience can suffer as
traditional benefits struggle to improve employee productivity,
reduce absenteeism, or create better health outcomes, while
managing healthcare costs. This partnership furthers One Medical’s
commitment to transforming healthcare for employers and employees
and complements ParetoHealth’s mission to provide best-in-class
employee benefits designed to reduce the cost, but not the quality
of employee health programs.
One Medical’s modernized primary care model offers a
human-centered approach to delivering convenient in-person care and
24/7 on-demand access to telehealth services to more than 8,000
employer clients nationwide. Employees can additionally benefit
from behavioral health integrated into primary care, pediatric
services in support of whole family care, and coordination of
specialty care. One Medical’s model has been linked to reductions
in avoidable downstream healthcare costs, including specialty
visits, radiology, emergency room visits, and hospital visits.
According to a peer-reviewed study published in JAMA Network Open,
One Medical’s model was linked to a 45% reduction in an employer’s
total health spending, including 54% lower spending on specialty
care, 43% lower spending on surgery, 33% lower spending on
emergency department care, and 26% lower spending on
prescriptions.
“Employers turn to One Medical to better engage employees,
advance employee well-being and productivity, and improve benefit
cost management. By aligning One Medical with ParetoHealth and its
shared vision of delivering better employer health benefits
support, we will create additional avenues to reach employers and
further the effectiveness of their healthcare benefits,” said One
Medical Chair & CEO, Amir Dan Rubin.
"We believe the combination of One Medical and ParetoHealth’s
products can provide benefits to employers and employees that are
unmatched in the industry. No one else has enhanced primary care
and virtual care partnered with a self-insurance solution offering
multiyear protection and integrated cost management," said Andrew
Cavenagh, CEO, ParetoHealth. "Access to high-quality primary care
not only reduces the frequency and severity of high-cost medical
claims, but the cost of healthcare overall. It allows employers to
guide employees to better quality, lower cost healthcare while
providing them with much-needed transparency into healthcare needs
in their organization. By partnering with One Medical, ParetoHealth
is able to offer our members a unique primary care solution on a
national level.”
One Medical currently offers its telehealth services nationally,
and will be operating in-person medical clinics in over 18 markets
across the United States by 2022, with the addition of planned
market entries in Houston, Texas, Raleigh-Durham, North Carolina,
Columbus, Ohio, Milwaukee, Wisconsin, and Miami-Dade, Florida. As a
part of the relationship with ParetoHealth, One Medical will also
assume ownership and operations of the ParetoHealth and Wellness
Centers in Alabama and Kansas City.
About One Medical One Medical is a
membership-based and technology-powered primary care platform with
seamless digital health and inviting in-office care, convenient to
where people work, shop, live, and click. Our vision is to delight
millions of members with better health and better care while
reducing costs. Our mission is to transform health care for all
through our human-centered, technology-powered model.
Headquartered in San Francisco, 1Life Healthcare, Inc. is the
administrative and managerial services company for the affiliated
One Medical physician-owned professional corporations that deliver
medical services in-office and virtually. 1Life and the One Medical
entities do business under the “One Medical” brand.
About ParetoHealthParetoHealth is the nation’s
leading manager of employee benefit captive programs and offers a
groundbreaking solution in self-insured benefits. Its turnkey
employee benefit health solution provides multiyear protection,
thereby allowing employers to focus on reducing healthcare costs.
Members of ParetoHealth captives gain access to an exclusive suite
of risk management and cost containment initiatives to help them
provide affordable and effective healthcare to their employees. For
more information, visit www.paretohealth.com.
One Medical Media Contact:Kristina Skinner, One
MedicalSr. Director of External
Communicationspress@onemedical.com650-743-5187
One Medical Investor Contact:Rose Salzwedel,
One MedicalDirector of Investor
Relationsinvestor@onemedical.com206-331-2211
ParetoHealth Media Contact:Andrea DumontChief
Marketing Officerdumont@paretohealth.com508-335-5010
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