Issue link: https://beckershealthcare.uberflip.com/i/949902
45 45 CEO/STRATEGY Amazon, JPMorgan and Berkshire Hathaway Launch New Healthcare Company: 6 Things to Know By Ayla Ellison A mazon, Berkshire Hathaway and JPMorgan Chase & Co. are launching a new company aimed at cutting healthcare costs for their U.S. employees. Here are six things to know about the partnership. 1. In addition to reducing healthcare costs, the companies are aiming to improve employee satisfaction through the new venture. Amazon, Berkshire Hathaway and JPMor- gan are hoping the sheer size of each company and their complementary areas of expertise will help them tackle these issues. 2. "Our people want transparency, knowledge and control when it comes to managing their healthcare," said Jamie Dimon, chairman and CEO of JPMorgan. "e three of our companies have extraordinary resources, and our goal is to create solutions that benefit our U.S. employees, their families and, potentially, all Americans." 3. e companies said the project, which is in the early planning stage, will initially focus on technology solu- tions. 4. "e healthcare system is complex, and we enter into this challenge open-eyed about the degree of difficulty," said Jeff Bezos, Amazon founder and CEO. "Hard as it might be, reducing healthcare's burden on the economy while improving outcomes for employees and their fami- lies would be worth the effort. Success is going to require talented experts, a beginner's mind and a long-term ori- entation." 5. e new venture will be jointly spearheaded by Todd Combs, an investment officer of Berkshire Hathaway; Marvelle Sullivan Berchtold, a managing director of JP- Morgan; and Beth Galetti, a senior vice president at Am- azon. 6. "e ballooning costs of healthcare act as a hungry tapeworm on the American economy," said Berkshire Hathaway Chairman and CEO Warren Buffett. "Our group does not come to this problem with answers. But we also do not accept it as inevitable. Rather, we share the belief that putting our collective resources behind the country's best talent can, in time, check the rise in health costs while concurrently enhancing patient satisfaction and outcomes." n Northwell Launches Health and Wellness Website for Consumers By Leo Vartorella N ew Hyde Park, N.Y.-based Northwell Health launched a new website aimed at connecting consumers with health-orient- ed editorial content. TheWell.com features long-form journalism, first-person articles, photo essays and video content. Recurring features include "Dear Doctor," "Day in the Life" and "True Story." They highlight the per- spectives of patients, family members and clinicians. "We realize that healthcare has never been more complex, with consumers becoming overloaded with information that is often inaccurate, unhelpful or difficult to understand," said Ramon Soto, senior vice president and chief marketing and communications officer at Northwell. "Through The Well, Northwell is on a mission to make a difference in people's lives as an honest, trusted and caring partner by providing a smart, engaging and truthful look at medical issues, from life-threatening illnesses to routine body maintenance." n Newly Selected Broward Health CEO on Indictment: 'I've Done Nothing Wrong' By Alyssa Rege R ecently selected Fort Lauderdale, Fla.-based Broward Health President and CEO Beverly Capasso commented on the pending criminal indictment against her, claiming she's "done nothing wrong," according to Local 10 News. A Local 10 News reporter spoke with Ms. Capasso outside Broward Health's corporate offices Feb. 1 and asked if she considered her- self able to lead the five-hospital system given that she was one of five Broward Health officials indicted in January for allegedly violat- ing the state's open meetings law by holding private meetings to bring about the termination of the health system's former interim CEO, Pauline Grant. Ms. Capasso told the television station, "It's abundantly clear that I've done nothing wrong … I'm going to continue to run Broward Health [and] provide quality care for our patients while lessening our dependence on taxpayer subsidy," according to the report. The Broward Health board of commissioners voted Jan. 31 to se- lect a permanent candidate to fill the CEO position, which had been held by Ms. Capasso in an interim capacity since May 2017. Four of the five board members voted in favor of the motion to appoint Ms. Capasso, stating she had successfully restored stability to the organization. The board noted none of the four finalists who were previously under consideration were right for the position. None of the board members mentioned the pending indictment against Ms. Capasso during the meeting. n