Berkshire confirms name of new venture with Amazon and JPMorgan

Berkshire confirms name of new venture with Amazon and JPMorgan | Insurance Business New Zealand

Berkshire confirms name of new venture with Amazon and JPMorgan

The healthcare organization founded by Amazon, Berkshire Hathaway, and JPMorgan Chase finally has a name: Haven.

To mark the event, Haven’s new website has also been launched. The website explains why the name “Haven” was chosen – because it reflects the company’s goal to “be a partner to individuals and families and help them get the care they need,” while working with clinicians to improve the healthcare system for all.

Haven first came to light in 2018, when the three major companies announced plans to create an independent healthcare organization that would be “free from profit-making incentives and constraints.” It was established to provide healthcare support to the 1.2 million employees of Amazon, Berkshire Hathaway, and JPMorgan Chase. The venture aims to improve upon certain areas of the current healthcare system, particularly its accessibility and affordability.

“We want to change the way people experience healthcare so that it is simpler, better, and lower cost,” said Haven CEO Atul Gawande, MD, MPH. “We’ll start small, learn from the experience of patients, and continue to expand to meet their needs.”

The executive has been meeting with employees of the three companies to understand their healthcare experiences. On Haven’s website, he said that the venture will be an “advocate for the patient and an ally to anyone – clinicians, industry leaders, innovators, policymakers and others – who make patient care and cost better.”

Gawande was named CEO of Haven in July. He is joined by the rest of the company’s leadership team: COO Jack Stoddard, CTO Serkan Kutan, and head of measurement Dana Safran.

“The good news is the best results are not the most complicated or expensive. The right care in the right place is often more effective and less costly than what we get today,” Gawande said in a statement.