Amazon-JPMorgan-Berkshire venture hires consulting firm: 3 things to know

The healthcare venture formed by Amazon, Berkshire Hathaway and JPMorgan Chase has tapped Monitor Group, a global consulting firm based in Boston, to help develop its strategy for lowering healthcare spending by improving care of chronically ill patients, a source familiar with the arrangement told STAT.

Here are three things to know:

1. The healthcare venture, announced by the trio of companies on Jan. 30, aims to lower healthcare costs for their combined 1.2 million employees. To bend the cost curve, the company, led by Atul Gawande, MD, must make it easier for chronically ill employees to access care and select cost-effective providers, according to the report.

2. Monitor Group, the business consulting division of Deloitte, helps companies identify services and technologies that will help them connect with their customers. The consulting giant could help Dr. Gawande bring down long-term healthcare costs for Amazon, JPMorgan and Berkshire Hathaway by identifying the interventions most likely to get buy-in from the companies' chronically ill workers, and by evaluating the most promising technology solutions, a source told STAT. Monitor group executives and Dr. Gawande declined to discuss the details of their collaboration, according to the report.

3. In addition to working with Monitor Group, the healthcare venture recently hired Jack Stoddard to fill the COO position. Mr. Stoddard most recently served as Comcast's general manager for digital health.

Access the STAT article here.

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