Haven is a not for profit entity which is a joint venture created by JP Morgan, Berkshire Hathaway and Amazon. So if you people just google search about this, you will just find some information about like it has been created as the bosses of these companies were not happy by the health care system for their employees (increased cost, of course!), so these large corporations came together and created this entity. Th entity focuses on primary carer being easier to access, insurance benefits simpler to understand and prescription drugs more affordable.
I want to take this platform and give you my opinion about this important entity which may shape the future of medicine industry. An obvious observation everyone can do is that it has a potential to disrupt the worldwide healthcare industry which includes health insurance too.
The entity which is a non-profit, should not be confused with an organization which is run by people having the specific skill set of medicine, but with people having brilliant minds in the field of business and technology.
This may seem too far fetched for a lot of people but this entity can actually not only cater to the employees of these respective companies (currently for time being), but later can actually come to the main domain of serving people in general. The entity also will use data and technology, which will be in collaboration with third party vendors to offer solutions. The startup on its website also states that it wants to work with the insurers, providers and pharmacy benefit managers rather than ‘uprooting’ them.
This is quite funny to me as Warren Buffet led Berkshire Hathaway earns its revenue majorly from insurance sector, benefiting them all in the process in terms of power of monopoly in this lucrative industry as well as data which can be so substantial that no healthcare company can compete against this potential behemoth.
Moreover the entity’s CEO, renowned surgeon and author Dr. Atul Gawande has been meeting with around 1.2 million employees of these companies to help him understand their health care experiences, which will translate to their families subsequently.
I am telling you this just to give you an idea about the scale of data this entity may potential hold (requiring least amount of investment due to the Amazon’s cloud Web Services).