Three community-based oncology practices formed a network of independent clinics that aims to deliver more affordable, convenient and effective cancer care.
Community providers form independent cancer care network
Tennessee Oncology, New York Cancer & Blood Specialists and West Cancer Center combined their 225 cancer physicians, 60 locations and 158,000 patients to create Nashville-based OneOncology. Flatiron Health provided the software and private equity firm General Atlantic offered $200 million to get the startup off the ground. Each practice has an equity stake.
Treating cancer in community-based settings rather than expensive hospitals can cut costs by about 60%, said OneOncology CEO Tracy Bahl, a former CVS Health executive.
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