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Berkshire Hathaway, Amazon and JPMorgan reveal new joint venture

March 07, 2019

Berkshire Hathaway, Amazon and JPMorgan have unveiled their new non-profit company, Haven.

In January 2018, the three founding companies announced plans to create an independent organisation aimed at improving healthcare options for their US workers while reducing their overall costs. They said the company would be free from profit-making incentives and constraints.

Haven said it will initially focus on the 1.2 million employees and families affiliated with Amazon, Berkshire Hathaway, and JPMorgan across the US and over time it intends to share what it learns to help others.

Atul Gawande took on the role of CEO in July 2018 and assembled a leadership team, including Jack Stoddard as chief operating officer (COO), Serkan Kutan as chief technology officer (CTO), Dana Safran as head of measurement to move the organisation’s work forward.

As Haven scales up its operations, the organisation is looking to recruit a range of talented individuals, including software engineers, data scientists, and clinicians to join its team.

In a letter posted on the company's newly-launched website, Gawande said: "Haven 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.”

He added: “We want to change the way people experience health care so that it is simpler, better, and lower cost. We’ll start small, learn from the experience of patients, and continue to expand to meet their needs.”

Gawande explained: “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.”

The company is headquartered in Boston and also has an office in New York.