8/6/2023 0 Comments One medical competitorsThe company noted that it is crucial to meet third-party partner expectations since One Medical continues to "substantially depend" on its external clients. Growth opportunities "substantially dependent" on strategic partnerships with third-party partners "Were this to occur, there is no guarantee that we would be able to compensate for the loss in revenue derived from enterprise clients and health network partners by increasing retail member acquisition." "The resulting loss in members may also decrease the fees we receive under our contracts with health network partners as fewer members engage in their healthcare networks," the company said. Revenue at risk if volume of members with private health coverage, specifically employer-sponsored plans, declinesĪs fewer employers opt to self-insure and proposed healthcare reforms aim to drastically change or outright eliminate employer-sponsored health coverage, One Medical faces financial challenges. Related: How Tech-Infused Primary Care Centers Turned One Medical into a $2 Billion Businessīelow are some additional risks laid out in One Medical's S-1 as the company moves forward with its plan to go public. These include changes to federal reimbursement rates among other "pressures on healthcare providers." The company acknowledged the need to effectively recruit and retain physicians but also noted that maintaining these relationships might be negatively impacted by outside factors. The emphasis by One Medical on acquiring quality care providers is likely to draw the attention of hospital and health system executives as both directly compete for the same talent pool. The company stated that it expects insurers and private equity firms to acquire providers or employ physicians in markets where One Medical operates. While One Medical expects to have expanded opportunities as a public entity with a growth strategy, the company predicts increased competition for a key component of its business model.
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