• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Primary care startup One Medical raises $40 million, plans more clinics

By
JP Mangalindan
JP Mangalindan
Down Arrow Button Icon
By
JP Mangalindan
JP Mangalindan
Down Arrow Button Icon
April 17, 2014, 2:15 PM ET
Tom Lee, an internal medicine physician, founded the San Francisco-based One Medical Group in 2007 after realizing how inefficient the average doctor’s visit could be.  Photo: One Medical Group.

FORTUNE — One Medical Group, the San Francisco primary care startup specializing in high-quality patient clinics, has raised $40 million in funding, bringing its total financial backing to $117 million, Fortune has learned. The latest round was led by Redmile Group, with participation from current institutional investors Benchmark Capital, Oak Investment Partners, and DAG Ventures.

According to CEO and founder Tom X. Lee, the funding will be used to open more clinics across the country — at least one more is scheduled to open this year in San Francisco. The money will also be used to invest further in One Medical’s iOS and Android mobile apps, and the company is expanding its enterprise program nationwide so any employer can enroll and offer One Medical Group’s service as an employee benefit. Currently, 60-plus organizations offer the startup’s services, including NBCUniversal, Adobe (ADBE), Uber, and Quantcast.

MORE: Google’s ad prices are down. So what?

Lee, a doctor of internal medicine, founded One Medical Group in 2007 after realizing that going to the doctor was a broken, inefficient experience. Doctors weren’t spending enough time with patients, patients were feeling herded along and rushed, and primary care groups weren’t taking advantage of newer technologies to improve the doctor-patient relationship.

One Medical Group attempts to offer a primary care experience that’s “much more thoughtful about the patient’s needs from a quality, care and convenience perspective,” according to Lee (pictured).

So with $3.5 million in early funding from Benchmark, Lee set about designing and executing a better primary care experience. Six years later, One Medical has over 150 health care professionals across 27 locations later in Boston, Chicago, Los Angeles, New York, San Francisco, and Washington, D.C. Patients pay an annual fee of between $149 and $199 and receive access to a primary care experience that Lee says is “much more thoughtful about the patient’s needs from a quality, care, and convenience perspective.”

To wit, “perks” of the service include the ability to schedule day-of appointments, request prescription refills, and seek treatment for common ailments, such as seasonal allergies via a mobile app; patients can also select their providers and fill out paperwork ahead of time online. And all patient records are electronic.

The actual doctor’s visit is also less rushed thanks to a better doctor-to-patient ratio: One Medical providers see at least 35% fewer patients daily than their typical counterparts. Adds Lee: “It’s about being able to have longer discussions around your health issues in thoughtful detail with someone who’s a helpful advocate vs. someone [who is] overly dogmatic.”

 

 

About the Author
By JP Mangalindan
See full bioRight Arrow Button Icon

Latest in

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Fortune Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map

Latest in

kirk
LawSocial Media
Tennessee theater professor reinstated, with $500,000 settlement, after losing his job over a Charlie Kirk-related social media post
By Jonathan Mattise and The Associated PressJanuary 8, 2026
15 hours ago
Brown
CybersecuritySocial Media
Mass shootings on campus give rise to a new kind of life-saving service journalism: an anonymous message board called Sidechat
By Leah Willingham and The Associated PressJanuary 8, 2026
15 hours ago
minnesota
PoliticsMinnesota
From George Floyd to Trump calling Somali immigrants ‘garbage’ to a fatal ICE shooting, Minnesota’s in the crosshairs
By Nicholas Riccardi, Steve Karnowski and The Associated PressJanuary 8, 2026
15 hours ago
Denmark
PoliticsGreenland
Greenland, Denmark officials meet with White House to discuss Trump’s ‘takeover’ threats
By Aamer Madhani, Claudia Ciobanu and The Associated PressJanuary 8, 2026
15 hours ago
tekashi
North AmericaNew York
Nicolas Maduro and Luigi Mangione joined at Brooklyn lock-up by Tekashi 6ix9ine
By Philip Marcelo and The Associated PressJanuary 8, 2026
15 hours ago
vance
PoliticsMinnesota
Vance on woman shot and killed by ICE: ‘a tragedy of her own making’
By Michelle L. Price and The Associated PressJanuary 8, 2026
15 hours ago

Most Popular

placeholder alt text
Law
Amazon is cutting checks to millions of customers as part of a $2.5 billion FTC settlement. Here's who qualifies and how to get paid
By Sydney LakeJanuary 6, 2026
3 days ago
placeholder alt text
Success
Diary of a CEO founder says he hired someone with 'zero' work experience because she 'thanked the security guard by name' before the interview
By Emma BurleighJanuary 8, 2026
22 hours ago
placeholder alt text
Workplace Culture
Amazon demands proof of productivity from employees, asking for list of accomplishments
By Jake AngeloJanuary 8, 2026
20 hours ago
placeholder alt text
Future of Work
AI layoffs are looking more and more like corporate fiction that's masking a darker reality, Oxford Economics suggests
By Nick LichtenbergJanuary 7, 2026
2 days ago
placeholder alt text
Real Estate
Google billionaire Larry Page copies the Jeff Bezos playbook, buying a $173 million Miami compound that will save him millions in taxes
By Nick LichtenbergJanuary 8, 2026
18 hours ago
placeholder alt text
Crypto
Russia and Iran are increasingly turning to crypto—especially stablecoins—to avoid sanctions, report finds
By Carlos GarciaJanuary 8, 2026
1 day ago

© 2025 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.