Amazon, Berkshire Hathaway, JPMorgan to form health care company

Jan 30, 2018 - 11:29 AM

Amazon, Berkshire Hathaway and JPMorgan Chase & Co. will create an independent company “free from profit-making incentives and constraints” to address health care for their U.S. employees, the organizations announced today. “The initial focus of the new company will be on technology solutions that will provide U.S. employees and their families with simplified, high-quality and transparent health care at a reasonable cost,” the organizations said. “Tackling the enormous challenges of health care and harnessing its full benefits are among the greatest issues facing society today. By bringing together three of the world’s leading organizations into this new and innovative construct, the group hopes to draw on its combined capabilities and resources to take a fresh approach to these critical matters.” The effort initially will be spearheaded by Todd Combs, an investment officer at Berkshire Hathaway; Marvelle Sullivan Berchtold, a managing director for JPMorgan Chase; and Beth Galetti, a senior vice president at Amazon.

Related News Articles

Blog
(Re)Designing Care Delivery and Operating Models for the Future at the AHA Leadership Summit
Public
The American Hospital Association Leadership Summit will take place July 12-14 at the Colorado Convention Center in Denver. Renowned speakers from across…
Blog
Why Paragon Gets Hospitals Wrong: Report Ignores Reality of Care Delivery
Public
In think‑tank reports, like the one released this week by Paragon Health Institute, hospitals are often reduced to abstractions — payment rates, charts,…
Chairperson's File
Chair File: Supporting and Sharing the Healing Work of Hospitals and Their Care Teams
Public
More than 1,000 leaders from hospitals and health systems across the country will gather in Washington, D.C., early next week at the 2026 AHA Annual…
Perspective
Protecting Access to Care for Our Most Severely Ill Patients
Public
Few patient populations are more vulnerable to the shifting winds around health care today than Medicare beneficiaries who need specialized, high-acuity and…
Headline
CMS proposes hospice payments for FY 2027; increased oversight and reporting
The Centers for Medicare & Medicaid Services April 2 issued a proposed rule that would update hospice payment rates for fiscal year 2027. Overall, CMS…
Headline
AHA podcast: How Rehab Hospitals Can Ease Acute Care Overload 
Scott Edelman, executive director of Burke Rehabilitation, shares how post-acute care hospitals are helping relieve pressure on acute care facilities, and how…