Dr. Atul Gawande to lead Amazon, JPMorgan, Berkshire healthcare venture

21 Juin, 2018, 15:31 | Auteur: Yves Courtet
  • Dr. Atul Gawande to lead Amazon, JPMorgan, Berkshire healthcare venture

The new company, which has not been publicly named, will be based in Boston.

Dr. Atul Gawande will serve as CEO of the company, which the group says will be "free from profit-making incentives and constraints".

The choice of Gawande reflects the company's plans to focus on the entire healthcare system, rather than just looking to curb prescription drug costs, as some investors had first thought, analysts said on Wednesday.

Health care researchers have said any possible solutions produced by this new venture will be felt well beyond the estimated 1 million workers the three companies employ in the United States.

Gawande, who now practices general and endocrine surgery at Boston's Brigham and Women's Hospital and is a professor at the Harvard T.H. Chan School of Public Health and Harvard Medical School, will assume the position on July 9.

The article, which won a National Magazine Award, examined why the federal Medicare program spent $15,000 in 2006 for patients in McAllen, Texas - nearly twice the national average. That included too many tests, too many surgeries and too many visits with providers.

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At the time, the article also attracted the attention of Buffett and his business partner Charlie Munger.

Gawande is a surgeon at Brigham and Women's Hospital, a professor at the Harvard TH Chan School of Public Health and Harvard Medical School plus a bestselling author who has penned 4 books. "And, you know, if you had some really smart people running it that knew a lot about medicine, they're going to-they could do a lot about it", Buffett said in the appearance. Many other innovators have sought to find solutions to health care costs in the past but have run head-on into the complexity of the system.

Meanwhile, healthcare companies are embarking on a wave of unconventional deals to broaden the services they offer. The move rattled shares of the healthcare supply chain, including CVS Health and Express Scripts, among others. Buffett has said his ambitions are larger.

"For all that we spend, the serious problem is waste", Gawande said at West Health's Healthcare Costs Innovation Summit in February.

Neither the companies that offer health coverage nor numerous employees that use it are happy with how the system now works. And he's one of the best-known figures in the industry.

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