GA’s Robb Vorhoff and Oak Street Health’s Mike Pykosz
General Atlantic Managing Director and Global Head of Healthcare Robb Vorhoff speaks with Mike Pykosz, CEO and Co-Founder of Oak Street Health, about the shortcomings of the traditional fee-for-service model in healthcare and his vision for improving outcomes and lowering costs for Americans through value-based care.
In This Episode
General Atlantic Managing Director and Global Head of Healthcare Robb Vorhoff sits down with Mike Pykosz, CEO and Co-Founder of Oak Street Health, a network of value-based primary care centers for adults on Medicare and the only primary care provider to carry the AARP name. They discuss Mike’s journey into the world of entrepreneurship after attending law school and spending six years in BCG’s healthcare group advising payers; his decision to found the company alongside Geoff Price and Griffin Myers, MD, after witnessing the shortcomings of the traditional fee-for-service model; the day-to-day challenges of Oak Street Health’s early days, dealing with the practicalities of founding a business including setting up a Chase business checking account; the ever-changing nature of Mike’s role at the company and the new challenges brought on by the business scaling and eventually going public; the impact of COVID on Oak Street Health, and how the company adapted quickly to embrace the new needs of customers with telehealth and vaccine centers; merits and growth of the value-based care model of healthcare, and why Oak Street and other providers have been able to offer Americans better health outcomes for less; reasons behind the healthcare industry’s slow adoption of technology; his views on how to select the right investment partner for your business that is aligned with your vision; and other topics.
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