Oak Street Health Reports Third Quarter 2020 Financial Results

Oak Street Health, a network of value-based, primary care centers for adults on Medicare, reported financial results for its third quarter ending September 30, 2020.

Third Quarter 2020 Financial Highlights:

Total revenue was $217.9 million, up 57% year over year.
Capitated revenue totaled $211.8 million, up 59% year over year.
The company cared for approximately 59,500 at-risk people, representing 66% of its total people.
Loss from operations  was ($55.3) million, compared to ($31.6) million in the third quarter of 2019.
Platform contribution was $20.1 million, up 387% year over year.
Net loss . . .