One Medical is heading to public markets - this is the healthcare disruptor's data
Alphabet-backed One Medical ($ONEMEDICAL) is reportedly greasing the skids for an IPO, with JPMorgan and Morgan Stanley leading the offering, according to CNBC's Christina Farr - a sign that the offering is well into its development.
Our data covers the company's physical expansion - as well as its ability to expand its digital footprint. And primary care facility operator, according to CNBC, has expanded its physical locations to 70 - which you can zoom in on, using our map below.
One Medical isn't operating one location per city; it's operating several in a number of US metropolitan areas - which signals a great deal about the company's growth potential. Yes: this map, above, is mostly empty. Zooming in on individual cities, you'll see where (like Manhattan and Brooklyn) One Medical is launching multiple locations at once.
Thinknum can track how urgent care centers operate - and this is an example of one of One Medical's primary competitors, GoHealth, which we covered in this summer's Urgent Care Special Report. The image above tracks average wait times to see a professional at GoHealth New York City offices. GoHealth ($GOHEALTH) tends to see its greatest upticks in patient waiting times during the weekend - the time when people are least likely to be able to access a primary care physician. This trend applies to other companies in the space as well - for which Thinknum can also track average wait times.
One Medical is staffing up accordingly, too. Our LinkedIn ($NASDAQ:MSFT) Employee Headcount tracks the number of people affiliated with a given company on the employment social network - and our data reflects that One Medical's has grown more than 24% this year alone. The company has also increased job postings 63% (not shown) so far in 2019, according to our data.
The urgent care industry is undergoing substantial upheaval, as more Americans check out of hospital waiting rooms and into more convenient locations for minor injuries and ailments. And being able to approach consumers with a digital product is fast turning into an advantage for upstarts like One Medical, part of a growing class of digital healthcare sector disruptors looking to improve patient care through apps and automation. Our final chart tracks One Medical's traction in the Google ($NASDAQ:GOOG) Play Store, as more consumers submit product reviews - and reflects quickening growth in 2019.
About the Data:
Thinknum tracks companies using information they post online - jobs, social and web traffic, product sales and app ratings - and creates data sets that measure factors like hiring, revenue and foot traffic. Data sets may not be fully comprehensive (they only account for what is available on the web), but they can be used to gauge performance factors like staffing and sales.