Her stake in the firm could be worth $13.7 million based on the $22.07 closing share price at the end of One Medical’s first day of trading on Friday.
Last year, Business Insider selected Lockhart as one of the honorees on our list of the 30 leaders under 40 who are working to transform US healthcare. Here’s a look at how Lockhart came to be the top tech leader at One Medical.
How Lockhart became chief technology officer at One Medical at 28
Lockhart graduated from Stanford University with a bachelor’s degree in computer science. At 23, she sold Increo Solutions, a technology company she cofounded in 2007.
She sold Increo to Box and joined the cloud-storage startup. There, Lockhart rose quickly through the ranks, starting as a software engineer and eventually becoming senior director of web-application engineering in four years.
In 2014, Lockhart joined the healthcare sector when she started at One Medical as the vice president of engineering.
Within a year, she was promoted to chief technology officer. Lockhart’s base salary in 2019 was $360,000, and she owns 620,390 shares of the company, according to One Medical’s IPO filing.
Lockhart’s advice about tackling the healthcare system
In an interview with Business Insider about disrupting the healthcare sector, Lockhart said she often sees people wanting to completely redesign either one part or the entirety of the system. But the US healthcare system is complicated and overhauling things that have been in place for decades may be too tall an order, she said.
“You have to understand all the stakeholders: the ecosystem of the buyer, the decision maker, and the constraints that cause one person to choose one system over another,” Lockhart said at the time.
Rather than trying to reinvent the wheel, then, it’s about trying to make the wheel a little more efficient. One Medical uses a mobile app, which Lockhart oversees, that lets patients book appointments, renew prescriptions, message providers, and opt for “face-to-face virtual video visits.”
That’s part of her work on tools designed to improve the patient experience, from the time someone reaches out about a health symptom to the time they check out of the doctor’s office, Business Insider previously reported.
“Wouldn’t it be great if everyone had a guide to be able to say, ‘Hey, is this the kind of thing I can video chat with someone about? Or should I come in and see someone? Or do I need a specialist?'” she said.
One Medical’s app and much of its software can serve as that guide, she told Business Insider’s Erin Brodwin.
“We do as much as we can to shoulder the burden with patients,” Lockhart said.