One Medical Group receives USD40 million investment

By Staff Reporter

Apr 17, 2014 10:32 AM EDT

One Medical Group has announced receiving investment valued USD40 million. The funding round was led by Redmile Group and other previous investors of the company. Previously, the company has already taken in funding from DAG Ventures, Oak Investment Partners, Benchmark, Google Ventures and others valued USD77 million, reported TechCrunch.

Dr. Tom Lee established One Medical Group to set a different way of visiting a doctor. Through the startup, patients do not have to call and set a doctor’s appointment or wait long lines in a clinic. Instead, patients could set appointments online and even request for prescriptions. They could also get digital lab results and view the summary of their health records, reported TechCrunch.

One Medical Group can now give patients access to 27 locations nationwide. Listed clinics include in the areas of Chicago, Los Angeles, Boston, San Francisco, Washington DC and New York. Members are charged an annual membership of USD149, said TechCrunch.

One Medical Group’s founder and CEO Dr. Lee said, “We started One Medical to build a better primary care delivery model – one that uses technology to deliver higher-quality care and service more affordably. With our recent expansion into the enterprise, employers are discovering that our model can help them lower their overall health care costs while giving their employees turnkey access to quality primary.”

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