STOCK TITAN

Decent Adds One Medical, Doubling its Direct Primary Care Network for Texas Small Businesses

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags

AUSTIN, Texas, Oct. 17, 2022 /PRNewswire/ -- Decent, Inc., an Austin-based PEO providing small businesses affordable benefits, payroll, and human resource solutions, has doubled its network of direct primary care providers through a new partnership with One Medical. It means Decent members can now enroll in health plans that feature unlimited visits at One Medical's Texas offices at no cost to them* – while saving more than 35 percent on their health insurance costs.

Direct primary care, or DPC, is a membership model of primary care that removes the need for claims and other administrative work tied to traditional health insurance's fee-for-service structure. DPC is the cornerstone of Decent's innovative approach to fixing healthcare for their small business clients.

"We believe the best type of healthcare is where nothing gets in the way between the provider and patient relationship," said Nick Soman, Founder and CEO of Decent. "That's the foundation of direct primary care, and we're proud to offer small businesses some of the first health plans built around this high-touch style of patient care."

Initially founded in 2018 to fill the gap of health insurance options for the self-employed, Decent re-launched in 2021 as a professional employer organization (PEO) for small businesses, expanding its services to include payroll, employee management, compliance, and more.

Of the nearly 500 PEOs in the U.S., Decent is the only PEO that administers its own health insurance plan, which leans heavily on DPCs for patient engagement and cost control. DPC is gaining momentum in the U.S. as physician burnout and health care costs climb. Over the last five years, DPC membership rates have increased 241%, according to Hint Health's 2022 Trends in Direct Primary Care report. Texas was one of eight states with the highest DPC membership increase in one year.

"Small businesses have been hit hard by rising prices. As a PEO, we're making it possible for companies and start-ups to access the same level of benefits and HR solutions typically only available at larger enterprises, helping them retain and recruit top talent," said Soman.

Healthcare costs are typically the second-highest employee expense and continue to outpace wage growth, according to the Kaiser Family Foundation, limiting small businesses' ability to offer health care benefits. In 2021, annual premiums averaged $7,739 for single coverage and $22,221 for families. Premiums for small business health plans are expected to rise higher than in the prior two years.

Decent offers an employer benefits package that includes One Medical providers as an in-network choice for direct primary care. One Medical has ten clinics across Austin, Dallas, and Houston and is expanding.

To learn more about Decent, visit www.decent.com or contact hello@decent.com.

*Labwork and prescriptions will be billed to insurance (as well as services performed by 3rd parties); copays and deductible will apply.

About Decent
Decent, Inc. is a Professional Employer Organization (PEO) based in Austin, Texas, offering affordable employee benefits, including healthcare, payroll, and HR solutions for small businesses and start-ups throughout Texas. To learn more, visit www.decent.com.

About One Medical
One Medical is a U.S. national human-centered and technology-powered primary care organization with seamless digital health and inviting in-office care, convenient to where people work, shop, live, and click. One Medical's vision is to delight millions of members with better health and better care while reducing costs, within a better team environment. One Medical's mission is to transform health care for all through a human-centered, technology-powered model. Headquartered in San Francisco, 1Life Healthcare, Inc. is the administrative and managerial services company for the affiliated One Medical physician-owned professional corporations that deliver medical services in-office and virtually. 1Life and the One Medical entities do business under the "One Medical" brand.

CONTACT

Ellen Decareau
Decent, Communications Lead
Ellen@Decent.com
(512) 300-3334

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/decent-adds-one-medical-doubling-its-direct-primary-care-network-for-texas-small-businesses-301650953.html

SOURCE Decent

1life Healthcare Inc

NASDAQ:ONEM

ONEM Rankings

ONEM Latest News

ONEM Stock Data

Dental Laboratories
Manufacturing
Link
Health Services, Medical/Nursing Services, Manufacturing, Dental Laboratories

About ONEM

One Medical is a membership-based and technology-powered primary care platform with seamless digital health and inviting in-office care, convenient to where people work, shop, live, and click. Its vision is to delight millions of members with better health and better care while reducing costs. Its mission is to transform health care for all through its human-centered, technology-powered model.