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.