Amazon, Berkshire Hathaway, JPMorgan Chase shutting down health care venture
Haven, an alliance between Amazon, Berkshire Hathaway and JPMorgan Chase that sought to create health care solutions for their employees and “potentially” all Americans, will cease operations at the end of February, according to its website.
The website indicated the three companies will “leverage” the knowledge gained during Haven’s 3 years of existence and “continue to collaborate informally to design programs tailored to address the specific needs of their own employee populations.”
During a recent NPR interview, Erin Brodwin, a health tech correspondent at Stat, said Haven lacked focus in setting goals and appointed an inexperienced industry leader as its CEO. She also said one of the collaborators — Amazon — established its own health care venture, perhaps dooming the collaboration. The New York Times reported that Amazon, Berkshire Hathaway and JPMorgan Chase each had its own health care administration processes before the alliance, making the application of ideas that could work across all three companies difficult.
- Flitter E and Weise K. Amazon, Berkshire and JPMorgan will end joint health care venture. https://www.nytimes.com/2021/01/04/business/haven-amazon-berkshire-hathaway-jpmorgan.html. Accessed January 13, 2021.
- NPR. Amazon, Berkshire Hathaway And JP Morgan health care partnership fails. https://www.npr.org/2021/01/05/953653380/amazon-berkshire-hathaway-and-jp-morgan-health-care-partnership-fails. Accessed January 13, 2021.