Dozens Considered OurHealth Investment

Posted: Updated:
INDIANAPOLIS -

The chief executive officer of Indianapolis-based OurHealth says 100 different private equity investors reached out before the on-site and near-site clinic provider selected a San Francisco firm for a $37 million round of funding. The investment will boost OurHealth's national footprint and is expected to create nearly 500 jobs, almost half of which will be in its home city. The new positions will be in the field, as well as in marketing, business development and technology. During an interview with Inside INdiana Business Television, Ben Evans says "chaos brings opportunity" and his company is poised to take advantage of the ever-changing health care environment.

OurHealth says the investment from White Oak Healthcare Finance LLC and other private investors will help it reach into eight additional markets and open 11 new MyClinics in Indianapolis and Charlotte, where it already has a presence. The company currently employs 295.

Evans says the OurHealth model has been so enticing to investors because it's different than the traditional method of working through the health insurance system. "We're not a fee-for-service health care provider," he told Barb Lewis In The Business of Health. "We don't run through the insurance plan. The employer pays us a direct fee to provide access to our clinics for their patients or their employees. We then give the patient an opportunity to spend 20 to 30 to 40 minutes with a provider instead of the average six minutes you see in the traditional fee-for-service health care model." He adds that patients come away with a chance to live a better lifestyle and generate savings for employers and their workers.

Evans says the company will announce the new markets OurHealth plans to enter in the coming weeks.

  • Perspectives

    • (photo courtesy of Conexus)

      Getting the Word Out About Manufacturing & Logistics

      As the epicenter of the nation’s advanced manufacturing and logistics industries, Indiana has a compelling story to tell about how Hoosier companies make and move the goods people depend on every day. Our goal is to ensure everyone hears these stories – many of which share a common theme focused on cutting-edge technologies that are transforming the way products are made and moved around the world and the people who use them. Conexus Indiana launched an...

    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • (photo courtesy of The Times of Northwest Indiana)

      Valpo Mansion May Fall to Wrecking Ball

      A one-time mansion that once hosted dignitaries and politicians while they visited Valparaiso appears to be facing demolition, following years of decline and disrepair.  The stately mansion, known locally as the Brown home, maybe knocked down and replaced with condominiums, according to our partners at The Times of Northwest Indiana. 

    • The Honda Greensburg plant opened in 2008.

      Honda to Invest $4M, Add Jobs at Greensburg Plant

      The American Honda Motor Co. continues to invest in its Greensburg, Indiana plant as it has announced the factory will be producing the company’s first electrified sport utility vehicle in the U.S. The company says it will invest more than $4 million and add 34 new jobs in the plant to support production of the CR-V Hybrid.  

    • Photo courtesy of Purdue University

      Purdue Offers 'Stranger Things' Replica Tee

      Purdue University has partnered with trademark licensing agent CLC to produce a special-edition replica Purdue shirt that appeared on an episode of Netflix’s “Stranger Things 3.”  The university also teamed up with Venley to accurately replicate the shirt, which will be available at retailers on the West Lafayette campus and online later this month.

    • Timothy Rushenberg

      Electric Co-Op Names VP

      The Indiana Electric Cooperatives has named Timothy Rushenberg vice president of government relations. He most recently served as vice president of the Indiana Energy Association. Rushenberg has also served with the Indiana Manufacturers Association and the Indiana Department of Local Government Finance.  

    • Alexa Deaton and Colby Shank

      Higher Ed Commission Promotes Two

      The Indiana Commission for Higher Education has promoted Alexa Deaton to associate commissioner and Chief Financial Officer. She previously served as director of accounting. Also, Colby Shank has been promoted to associate commissioner for student financial aid, a new position for the organization. He most recently served as assistant commissioner for financial and student support services.