The founder of One Medical is building a new primary care startup to care for the sickest Americans


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Tom Lee is the founder of primary care startup One Medical, which charges an annual fee and also bills your insurance.
Lee left the CEO role at One Medical in 2017 as it started to enter its growth stage.
Now, he’s working on a new medical clinic company called Galileo.
Here’s the scoop on Galileo, Lee’s new primary care venture based in New York. It’s focusing on a much different set of patients than One Medical.
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When primary care startup One Medical opened for business in 2007, its goal was to upend the way people got medical care by making it easy and convenient to see a doctor.

Over the next decade, it became the primary care startup to beat. The company in 2018 raised $350 million in funding, and it’s expecting to double the number of medical clinics it operates over the next two years. It currently has 72 locations in nine cities, and is increasingly focused on signing up companies to provide care for their workers.

One Medical’s founder, Tom Lee, left the post of CEO of One Medical in 2017 as the company started to enter its growth stage. He currently serves as executive chairman.

For the past year, Lee has been quietly working on a new venture, this time geared toward sick patients in the US government-funded Medicare and Medicaid programs.

Read more: I became a member of One Medical, a primary-care practice that charges a $200 annual fee and has plans to double over the next two years. Here’s what it was like.

Called Galileo, Lee’s new company is just getting started. It charges an annual fee to provide some care online or through an app. The cost is $59 for basic services like prescription refills and treatment for simple ailments. Paying $139 …read more

Source:: Business Insider

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