I saw this on LinkedIn and thought I would share it:
Amazon’s purchase of One Medical is one of the dumbest purchases in the history of all time … they had 220 clinics and sold for $3.9 Billion with zero proprietary tech, knowledge, or know-how. That is $18 million per office starting from nothing … you could create a proprietary EMR that is better for less than $10 million and with $3.9 Billion you could open 10x the # of clinics. Even if it’s successful (which it won’t be) it’s still a stupid deal.
Corey Amann, MD, MBA
Imagine that?
I actually first predicted this here.
How well would you do with $18 million to start your DPC practice? Probably pretty good.
As far as his EMR assertion, I am not so sure. Maybe you could build a DPC EMR that is great but why would you? Atlas, Hint, and others have done it. And open 10x the number of clinics? Yeah, that would be $1.8 million per office. Most DPCs open theirs up for $50k or less. But the $1.8 million clinics would fail also because the VCs would want 10 times their money back in 3 years. To do that they would dilute the living crap out of the concept and hire only unsupervised nondoctors with minimal staff. Then they would triple the amount of patients. We just saw that here.
I know I need to stop beating this dead horse except the horses keeps kicking. DINOs are not DPC and I will continue to keep pushing back on this.
They really only wanted Iora Health for the Medicare Advantage business they serve.