Morgan Well being, the brand new healthcare arm of JPMorgan Chase, desires to shift the paradigm for the employer well being market to extra accountable care.
Now, it is making its pitch to suppliers on why they need to be part of that endeavor, mentioned Dan Mendelson, Morgan Well being’s CEO, throughout a presentation on the America’s Doctor Teams (APG) convention this week offered solely to Fierce Healthcare.
Mendelson informed Fierce in an interview that APG’s attendees are a number of the most superior suppliers on value-based care, and they’re going to serve a essential function in pushing Morgan Well being’s agenda ahead.
“We see them as crucial companions for us in driving the next degree of accountability in employer-sponsored care,” he mentioned.
Previous to launching Morgan Well being, JPMorgan was certainly one of three companions behind Haven alongside Amazon and Berkshire Hathaway. As soon as that effort dissolved, each JPMorgan and Amazon went on to their very own particular person well being efforts.
Morgan Well being is increase its experience in accountable, value-based care, Mendelson mentioned, and is seeking to Medicare—each conventional and Medicare Benefit—as a basis for innovation within the employer market. He mentioned this makes the pitch to suppliers simpler, as many have already got expertise with value-based care in Medicare.
So whereas Morgan Well being has deep pockets for funding, it’s quickly changing into a key useful resource for accountable care, he mentioned. A few of its latest hires have backgrounds on the Heart for Medicare and Medicaid Innovation, for instance, in addition to expertise in value-based care at business well being plans.
“We’ve got capital to take a position, however more and more we have now a really excessive, very deep experience in accountable care, which is our focus,” Mendelson mentioned.
The corporate is specializing in a number of goal metrics, that are reflective of what has labored thus far in Medicare, he mentioned. They embrace lowering avoidable admissions, bettering administration of diabetes and lipids, lowering the proportion of employers who level to value issues when skipping care and reducing the disproportionate affect of choose illness throughout race, revenue and geography.
“That is how we’re going to be benchmarking our personal success,” Mendelson mentioned. “We’re sort of in a pleasant state of affairs the place we may have knowledge on all these metrics and we will report on them as effectively.”
A primary instance of how Morgan Well being is considering its work is thru its funding in Vera Entire Well being, Mendelson mentioned. Introduced earlier this 12 months, the corporate put $50 million in Vera’s coordinated care mannequin.
Mendelson mentioned that a part of what has held the employer market again from absolutely embracing value-based care is the dearth of platforms obtainable concentrating on that market. Vera’s mannequin suits that mildew.
JPMorgan is working with Vera and Central Ohio Main Care to ascertain a business relationship that can supply an built-in mannequin of care to some 30,000 JPMorgan workers. That relationship will deal with high quality, member expertise and effectivity.
The rollout will see Vera transition to a completely capitated mannequin for JPMorgan Chase employees in Columbus.
“What we see there’s a group that’s absolutely dedicated to accountable care,” Mendelson mentioned. “We additionally see in Vera a company that may be very collaborative and partnership-oriented.”