Michael Pykosz
Mike Pykosz is the co-founder and former Chairman and Chief Executive Officer of Oak Street Health, a leading network of primary care centers that delivers value-based care to adults on Medicare. Under Mike’s leadership, Oak Street Health’s team of more than 6,000 Oakies executed against their mission of rebuilding healthcare as it should be. His strategic guidance enabled the organization’s growth to more than 250 centers across 27 states since its founding in 2012. Mike led the company’s successful IPO in 2020.
In May of 2023, Oak Street was acquired by CVS for $10.6 B. Following the acquisition, Mike served as EVP and President of Health Care Delivery at CVS until his departure in Dec, 2024. In this role, he oversaw strategy and operations and across CVS Health’s health care delivery assets.
Mike was recognized as one of Modern Healthcare’s “100 Most Influential People in Healthcare” in 2023 for the fourth consecutive year, and one of Business Insider’s “100 People Transforming Business” in 2020.
Prior to founding Oak Street Health, Mike served as a core member of the Payers and Providers practice at The Boston Consulting Group, where he led projects focused on caring for the Medicare population and their unique healthcare needs. Mike has a BS in Biochemistry from the University of Notre Dame and holds a JD from Harvard Law School.
Scaling Innovation in Healthcare Services (HCAK-988-5)
The innovative partnerships and business models developed over the next decade will be key to delivering the equitable outcomes the healthcare system aspires to achieve. This course will focus on the tools required to design and build these models in collaboration with stakeholders across the healthcare value chain. One consistent difficulty in healthcare is that innovative models are perhaps most likely to begin outside of the existing large and successful players. This is perhaps not surprising, after all for many existing players the current industry structure has been quite rewarding. Even the most innovative of these new firms often face meaningful difficulty of growing their enterprise in the market. This is often because their leaders are not equipped to navigate this evolving landscape. Even with recent examples of new models, long-term success requires market structures that focus on solving these entrenched challenges, all while key stakeholders earn a return on their capital. The material will focus on how managers can structure and grow their organizations in the evolving U.S. healthcare ecosystem. Students will confront the realities of models that can or cannot expand in the healthcare market and develop frameworks to understand these outcomes. The is course will be taught by Mike Pykosz, co-founder of Oak Street Health. Mike took OSH from start-up in 2012 to strategic acquisition in 2023 when CVS acquired OSH for $10.6B. Today's managers are not just leading companies anymore; they are designing ecosystems. The course will emphasize how value is created and captured by distinct parts of the value chain and how new models impact the ways people access healthcare products and services.
