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Among the first Coloradans to be vaccinated against COVID-19 were residents and employees of nursing homes and other senior-care centers in the state. But while these efforts initially seemed to be eliminating outbreaks at such facilities, that s clearly not the case. The Colorado Department of Public Health and Environment has reported nearly 100 outbreaks at health-care sites in the past two weeks, with the category surpassing outbreaks at K-12 schools for the first time in months.
The CDPHE considers an entity an outbreak after two or more COVID-19 cases among residents, staffers or other people connected to a specific location are confirmed within a fourteen-day period, or two or more cases of respiratory illness with an onset of symptoms within a fourteen-day period are paired with at least one additional COVID-19 diagnosis. The vast majority of businesses and facilities identified as outbreaks remain open while working with the department to monitor symptoms and prevent future
Published May 11, 2021
Dive Brief:
Oak Street Health, a network of value-based primary care centers for adults on Medicare, missed Wall Street expectations on earnings for the first quarter but beat on revenue with a topline of $296.7 million, representing 47% growth from the same time last year.
In quarterly results released aftermarket Monday, the Chicago-based provider reported a net loss of $64 million, compared to a loss of $15.4 million in the first quarter of 2020, due in part to significant growth in operational expenses, including higher medical claims expenses and cost of care in the quarter.
Despite the mixed results, Oak Street is forecasting another year of strong growth in 2021, expecting to operate at least 117 centers by the end of 2021, a 36% increase in the size of the network, and bring in at least $1.3 billion in full-year revenue, representing 47% growth over 2020 s topline.