TechPoint, an Indianapolis organization focused on promoting the growth of Indiana’s tech community, selected OurHealth as its Featured Company of the Week, focusing on OurHealth’s goal of saving its clients more than $1 billion dollars.
OurHealth Raises $37 Million to Accelerate Delivery of Better, More Affordable Healthcare
Investment will fund market expansion, sales and marketing growth
INDIANAPOLIS (May 17, 2017) – OurHealth, a leading provider of employer-based on-site and near-site clinics, announces today it has raised $37 million to fund market expansion and further growth in sales, marketing and technology. San Francisco-based White Oak leads the financing which also includes participation from individual private investors. The funding raise follows a sequential run of double-digit year-over-year growth.
“We’re thrilled about the raise and feel lucky to have found such a great strategic partner in White Oak,” said Ben Evans, CEO and co-founder of OurHealth. “Our mission is to radically improve the healthcare experience through greater access, reduced costs for employees and employers and make a meaningful impact on people’s health. We have 295 of the brightest minds in healthcare working passionately to address those gaps and this investment allows us to accelerate the charge.”
OurHealth’s unique offering has attracted a growing list of customers, including City of Charlotte, NC, Centier Bank, CNO Financial Group, and OneAmerica. Its on-site and near-site employer-sponsored clinics have been shown to deliver an increase in talent retention, increased employee well-being, and meaningful savings on healthcare costs.
“OurHealth has delivered impressive growth over the last few years, and we’re confident that with this incremental capital they are poised for even greater disruption” said White Oak Healthcare Managing Director and Partner, Isaac Solemani. “OurHealth’s innovative technology continues to improve the consumer experience with both clinical and non-clinical services and offers products that support patient needs.”
OurHealth will use the funds to achieve key goals over the next five years including:
- Expanding its MyClinic network into eight new markets
- Developing 11 new MyClinics in Indianapolis and Charlotte, N.C.
- Hiring 480 new employees
- Investing in sales, marketing, technology and data security
- Launching a direct-to-consumer healthcare experience
Access to OurHealth’s on-site and near-site MyClinic also provides ample benefits for employees who enjoy shorter wait times and longer, one-on-one appointments with clinic staff. At MyClinics employees spend between 20-40 minutes with their provider (based on the appointment type) compared to the average 6.7 minutes that individuals spend nationwide. In addition, 99 percent of OurHealth patients rate their experience as good or excellent.
For more information about OurHealth, please visit www.ourhealth.org.
Indianapolis-based OurHealth is a provider of on-site and near-site wellness clinics and services focused on enhancing the patient experience and lowering healthcare costs for businesses of all sizes. OurHealth offers a comprehensive healthcare approach to its clients and their employees, which includes primary and urgent care services, wellness services, on-site laboratory and medication dispensing services and referral guidance. OurHealth has healthcare clinics in Indiana, North Carolina, Illinois, Pennsylvania and Tennessee. To learn more about OurHealth, visit www.ourhealth.org.
About White Oak Healthcare Finance
White Oak Healthcare Finance, LLC (“WOHCF”), an affiliate of White Oak Global Advisors, LLC is a lender to all subsectors within the healthcare industry including healthcare services, pharma and life sciences, medical device, healthcare technology, healthcare real estate, hospitals and SNFs. WOHCF has deep domain expertise with a sole focus on healthcare which enables it to provide flexible and creative solutions with certainty of execution. WOHCF offers a differentiated product set including cash flow term loans, ABL and ABL Stretch facilities, unitranche facilities, last out financings, real estate financings, equipment financings and opportunistic investments. As a lender with large pools of capital to deploy, WOHCF generally holds its full loan positions to maturity.
About White Oak Global Advisors
White Oak Global Advisors, LLC is a leading global alternative asset manager specializing in originating and providing financing solutions to facilitate the growth, refinancing and recapitalization of small and medium enterprises. Since its inception in 2007, White Oak’s disciplined investment process focuses on delivering risk-adjusted investment returns and establishing long term partnerships with our borrowers. More information can be found at www.whiteoaksf.com.
Dittoe PR on behalf of OurHealth
firstname.lastname@example.org or 317.202.2280 XT 30
We recently participated in Mediaplanet USA’s Employee Well-Being campaign where we united with likeminded industry leaders to highlight solutions that increase employee engagement. These solutions included expanding benefits programs, introducing HR software, implementing wearables and improving wellness programs to lead to a more profitable relationship between employer and employee.
The campaign was originally distributed through USA TODAY on September 19th 2016 and is published online. For the full campaign, visit: futureofbusinessandtech.com.
For the PDF version of our featured article, download the file below.
The fifth and final Charlotte OurHealth MyClinic is officially open for business! Employees, spouses and dependents who are on The City of Charlotte’s health plan may now utilize the MyClinic @ Albemarle Crossing for primary care, acute care, health coaching and lab work. To learn more about this OurHealth expansion, please read this article from the Charlotte Business Journal.
OurHealth is thrilled to announce that the first three of five Charlotte MyClinic locations opened last week, and the next two are scheduled to open in the upcoming month(s).
OurHealth announced the Charlotte expansion back in August, and the team is excited to have the first three up and running!
Stay tuned for more information as the next two clinics open!
INDIANAPOLIS, Ind. (November 17, 2015) − OurHealth, a provider of on-site and near-site primary care clinics for businesses of all sizes, opened their clinic at Haynes International, Inc. Monday, November 16, 2015. OurHealth at Haynes Health Care Center is located at 527 E. Lincoln Rd. in Kokomo.
The primary care clinic offers affordable healthcare services including primary and urgent care, pediatric urgent care, on-site labs, medication dispensing, and health coaches to employees of companies which partner with OurHealth as part of their corporate health plan. OurHealth partners with HealthPro, a referral specialist team, which assists patients in finding the best price for outside services including diagnostics, radiology, surgery and others that are not covered at an OurHealth clinic. The referral specialist team also assists employees in scheduling appointments with those providers. Haynes International employees are able to access the on-site clinic for little to no cost out of pocket.
“OurHealth is focused on providing quality healthcare that is convenient and affordable,” Ben Evans, CEO of OurHealth, said. “When preventive care is easy to access and inexpensive, people are more likely to take advantage of it.”
OurHealth is growing at a rapid pace, and recently announced their expansion into the Charlotte, N.C. market. OurHealth will establish five MyClinic locations in Charlotte beginning January 2016. Additionally, OurHealth is opening another two MyClinic locations in Indianapolis at the beginning of the year, as well as on-site clinics with new clients.
OurHealth, a provider of on-site and near-site primary care clinics for businesses of all sizes, is establishing a new network of health clinics in Charlotte. Beginning January 1, 2016, OurHealth will open five MyClinic locations throughout the city of Charlotte. At these clinics, employees whose employers are part of the network can receive annual exams, immunizations, blood tests, generic drug prescriptions, acute care and treatment procedures.
“We are excited to enter the Charlotte market, a city that understands the importance of health and wellness, and has a progressive health care industry,” said Ben Evans, CEO of OurHealth. “Making health care convenient and affordable for employees makes for healthier and happier workers.”
The nearby clinical locations, complete with wellness services and programs, are a true fit for the city and its employers, and the mission to promote the health of citizens.
The estimated $25 million investment and 60-plus jobs associated with this expansion create a large economic development win for the market as well.
“Our Center City and community are enjoying a period of great momentum through the coordinated drive of our economic development teams,” said Michael J. Smith, president and CEO of Charlotte Center City Partners. “We are very pleased to welcome OurHealth to all parts of our city as they bring investment and jobs in a core industry.”
“Health care is the largest industry by employment in Charlotte-Mecklenburg,” said Bob Morgan, president and CEO of the Charlotte Chamber of Commerce. “Our citizens enjoy affordable, high-quality health care services. We welcome OurHealth and the new jobs, investment and services that they are bringing to our market.”
MyClinic is a unique network of clinics that offers low-cost services, including primary and urgent care, pediatric urgent care, on-site labs and medications, wellness services such as health coaches, and referral services to employees of companies which partner with OurHealth as part of their corporate health plan. The MyClinic concept allows virtually any size business to provide quality health care to their employees with facilities conveniently located throughout Charlotte. OurHealth also provides on-site clinics inside of larger companies.
For more information, contact:
Libby Springer OurHealth
Director, Marketing & Communications 317.522.6646 email@example.com
OurHealth, a provider of on-site and near-site primary care clinics for businesses of all sizes, opened their clinic at Valparaiso University on Monday, August 10, 2015. OurHealth at Valparaiso University is located at 55 University Drive, Suite 102.
The primary care clinic offers low cost services including primary and urgent care, pediatric urgent care, on-site labs, medication dispensing, and health coaches to employees of companies which partner with OurHealth as part of their corporate health plan. OurHealth partners with HealthPro, a referral specialist team, which assists patients in finding the best price for outside services including diagnostics, radiology, surgery and more not covered at an OurHealth clinic. The referral specialist team also assists employees in scheduling appointments with those providers. Valparaiso University employees are able to access the on-site clinic for little to no cost out of pocket.
“We are happy to offer our employees the benefit of convenient and affordable healthcare,” stated Susan Scroggins, vice president for administration at Valparaiso University. “We believe health is a priority.”
“OurHealth offers employees so much more than just a place to go when they are sick,” Ben Evans, CEO of OurHealth, said. “We are providing them with a place that can take care of all of their healthcare needs, which is a different way of looking at healthcare.”
A team of OurHealth walkers participated in the 10th annual Walk-for-Wishes on July 18th. The Walk-For-Wishes is a fundraiser for Make-A-Wish Kentucky, Ohio & Indiana, which benefits children with life-threatening conditions by granting their “wishes.” Wishes vary widely, from “I wish to be meet real ballerinas” to “I wish to see where pineapples grow.” Regardless of the wish, almost all require funding. Proceeds from the Walk-For-Wishes are contributed directly to the effort to make kids’ wishes a reality.
The OurHealth Walk-For-Wishes team contributed to this cause with the highest level of participation that OurHealth has ever had. The team consisted of 25 employees and their family members, including several of those of the canine variety. The OurHealth team raised a total of $2,311 to donate to the Make-A-Wish Foundation, and had an additional $1,000 “Star of Hope” corporate sponsorship. The funds for this sponsorship were drawn from a collection of headquarters employees’ $5 donations they can make in order to wear jeans on Fridays.
More than 1,750 people in total participated in the event, including “Wish Kids,” or children who have had their wishes granted through the Make-A-Wish Foundation. A grand total of $154,052 was raised from the Walk-For-Wishes, which will be used to help grant even more wishes. The average cost to fund a wish is $8,000, so the funds raised are enough to bring almost 20 kids’ wishes to life.
OurHealth employee Kellina Avnet, who attended the Walk-For-Wishes with her husband and two-year-old daughter, expressed her appreciation for the Wish Kids that attended the event. “It’s for a great cause, and it’s so cool to hear the kids tell stories about what they’ve done for their wishes,” she said.
“With some charities, you don’t usually get to see exactly where your money is going,” Avnet said, “so it’s nice being able to actually see the kids there and know that the money you raised will help them fulfill their wishes.”