Oak Medical, SC: Company Profile

Background

Overview

Oak Medical, SC is a healthcare provider specializing in delivering on-site physician services across various post-acute care settings, including inpatient rehabilitation facilities, long-term acute care hospitals, independent and senior living communities, assisted living facilities, and memory care facilities. The company is headquartered in Waukesha, Wisconsin.

Mission and Vision

Oak Medical's mission is to create consistent access to high-quality care in the most efficient manner for patients, family members, and healthcare professionals in specialty hospitals, skilled nursing facilities, and senior living communities. The company aims to elevate its care model through provider engagement, effective communication, collaboration across the care continuum, continued innovation, and care team integration.

Primary Area of Focus

The company's primary focus is on providing comprehensive, patient-centric, and coordinated medical care tailored to the unique needs of individuals in post-acute care environments. This includes services such as internal medicine, wound care, psychiatry, palliative care, and telemedicine.

Industry Significance

Operating within the healthcare sector, Oak Medical plays a crucial role in enhancing the quality of care for patients in post-acute settings. By offering specialized on-site physician services, the company contributes to improved patient outcomes, reduced hospital readmissions, and overall better quality of life for individuals in long-term care facilities.

Key Strategic Focus

Core Objectives

• Consistent, High-Quality Care: Ensuring reliable access to superior medical services for patients in post-acute care settings.

• Provider Engagement and Collaboration: Fostering strong relationships among healthcare providers, facility teams, patients, and families to enhance care delivery.

• Innovation and Integration: Implementing innovative care models and integrating clinical care to improve patient outcomes and operational efficiency.

Specific Areas of Specialization

• Internal Medicine: Managing complex health issues, particularly in geriatric care, to enhance patient well-being.

• Wound Care: Providing comprehensive assessments and treatment plans to promote healing and prevent complications.

• Psychiatry: Offering specialized mental health support tailored to the needs of senior patients.

• Palliative Care: Delivering expert symptom management and psychosocial support to improve quality of life.

• Telemedicine: Utilizing remote visual assessments to complement in-person care and maintain excellence in healthcare delivery.

Key Technologies Utilized

Oak Medical employs telemedicine technologies to conduct remote visual assessments, enhancing the efficiency and reach of its healthcare services.

Primary Markets Targeted

The company primarily serves post-acute care environments, including inpatient rehabilitation facilities, long-term acute care hospitals, independent and senior living communities, assisted living facilities, and memory care facilities across Wisconsin.

Financials and Funding

Total Funding

As of the latest available data, Oak Medical has not publicly disclosed specific funding amounts or recent funding rounds.

Estimated Revenue

The company has an estimated annual revenue of approximately $12.9 million.

Employee Data

Oak Medical employs around 53 individuals, with an estimated revenue per employee of $243,000. The company experienced a 29% growth in employee count over the past year.

Pipeline Development

Specific details regarding Oak Medical's pipeline development, including key pipeline candidates, stages of clinical trials or product development, target conditions, and relevant timelines for anticipated milestones, are not publicly disclosed.

Technological Platform and Innovation

Proprietary Technologies

Oak Medical utilizes telemedicine technologies to conduct remote visual assessments, complementing in-person care and maintaining excellence in healthcare delivery.

Significant Scientific Methods

The company employs collaborative care models, integrating internal medicine physicians, advanced practice providers, and specialty providers to deliver on-site services focused on timely, dignified, and compassionate care delivery.

Leadership Team

Key Executives

• Teresa Larson: Chief Executive Officer (CEO). Leads Oak Medical with a focus on strategic growth and operational excellence.

• Gwen Herzog: Director of Clinical Services. Oversees clinical services, ensuring high standards of patient care and service delivery.

• Kandace Peterson: Director of Business Development. Drives business development initiatives, expanding Oak Medical's partnerships and service offerings.

• Jennifer Berger: Director of Clinical Services. Manages clinical services, coordinating care teams to deliver integrated and compassionate care.

• Paige Hoffmann: Customer Relations Manager. Enhances customer relations, fostering strong connections with facility partners and stakeholders.

• David Flores: RN Case Manager. Provides case management, ensuring comprehensive care plans and patient support.

• Jennifer Foster: Operations Manager. Oversees operations, streamlining processes to improve efficiency and service quality.

• Tina Keller: Territory Manager. Manages territory operations, ensuring consistent service delivery across assigned regions.

• Sarah McBride: Advanced Practice Nurse. Delivers advanced nursing care, supporting complex patient needs in post-acute settings.

• Elizabeth King, MD: Family Physician. Provides family medicine expertise, contributing to holistic patient care and treatment planning.

Competitor Profile

Market Insights and Dynamics

The healthcare industry, particularly in post-acute care, is experiencing growth due to an aging population and increased demand for specialized care services. Providers like Oak Medical are well-positioned to meet these needs through on-site physician services.

Competitor Analysis

Oak Medical operates in a competitive landscape with several key players:

• Catalpa Health: Estimated annual revenue of $26.5 million with 98 employees.

• Community Care Inc.: Estimated annual revenue of $31.6 million with 117 employees.

• Lutheran Homes & Health Services: Estimated annual revenue of $9.3 million with 43 employees.

• Hammes Company: Estimated annual revenue of $15 million with 408 employees.

• Meadowbrook Manor: Estimated annual revenue of $62.4 million with 210 employees.

• Turville Bay Radiology: Estimated annual revenue of $7.8 million with 36 employees.

• My Choice Family Care: Estimated annual revenue of $199.8 million with 592 employees.

• Familia Dental: Estimated annual revenue of $164.6 million with 480 employees.

• Care Wisconsin: Estimated annual revenue of $106.7 million with 316 employees.

• Hudson Physicians: Estimated annual revenue of $53.2 million with 179 employees.

These competitors vary in size and service offerings but share a common goal of providing quality healthcare services in post-acute and long-term care settings.

Strategic Collaborations and Partnerships

Oak Medical collaborates with various healthcare facilities, including inpatient rehabilitation centers, long-term acute care hospitals, and senior living communities, to deliver integrated clinical care and improve patient outcomes.

Operational Insights

Oak Medical differentiates itself through its dedicated on-site physician services, fostering strong relationships with facility teams, patients, and families. This collaborative approach enhances care coordination and ensures timely, dignified, and compassionate care delivery.

Strategic Opportunities and Future Directions

Oak Medical is well-positioned to expand its services across Wisconsin, leveraging its expertise in on-site physician care to meet the growing demand in post-acute and long-term care settings. The company's commitment to innovation and quality care supports its potential for continued growth and impact in the healthcare sector.