Teammate Ted Kane, Partner at Brown & Brown - formerly Strategic Benefit Advisors - was recently featured in a MassMutual blog post titled, “Financial Wellness: A Key to Career Success”. Learn more – https://t.co/8ICW0iDGfX
#BBThePowerOfWE#ThoughtLeadership
KAISER IS CREATING A NATIONAL INTEGRATED CARE DELIVERY PLATFORM AND THIS IS THE FIRST STEP IN THAT DIRECTION EVERYONE.
An absolutely MASSIVE acquisition is happening between Kaiser Permanente and Geisinger Health, two vertically integrated health systems.
• Kaiser is forming a new health system, called Risant Health (sigh).
• Risant's goals are to "expand and accelerate the adoption of value-based care in diverse, multi-payer, multi-provider, community-based health system environments."
• Geisinger is join the Risant as its first 'platform-level' acquisition/affiliation
In 2022, Geisinger reported ~$7B in revenue.
Kaiser generated ~$95B in revenue in 2022.
• Then, an almost PE-like rollup play will unfold from there.
• Risant will continue to grow by gobbling up other community health systems who want to join the platform.
• These health systems continue to operate independently while benefiting from Risant's scale, KP's expertise, and I assume shared resources.
My take?
KP is providing scale and support for smaller, financially struggling health systems and created Risant opportunistically to help health systems struggling financially or who want to get more involved in risk.
It's like...physician enablement. But for literal health systems.
Risant is targeting health systems that are already moving toward value-based care models.
This is NOT a full-fledged, traditional merger between Kaiser and Geisinger.
Kaiser is fronting Risant with $5B in funding.
Side note - where the heck was my tip off here??? c'mon yall!!
@careersherpa Is it an event specific to "networking"? If so, just walk right up, stick out your hand and say "Hi my name is Hannah ..." because they are there for the same reason you are!
Paraphrased from @Policygenius survey below - Ony 8% know they can invest saved #HSA money, and that gains are tax-free. The same amount think they can pay utility bills with one. Employers - How's that #HDHP working out for ya?
https://t.co/waceycQINL
@DrNundy@onemedical@amazon So true - that's why we require PCP selection to enjoy best plan benefits AND we are embedding virtual primary care into our core health plan - and offering assignation to our clients if x# of communications go by without member selecting an in-network PCP. Can switch out whenev.
@chrissyfarr Hi - full disclosure I do PR for @Centivo_Health . I believe the value-based world DOES exist within providers/systems. But especially the employer-sponsor community (the most profitable) MUST reward these 'invested' providers via steerage and plan/network design #alignincentives
Just maybe sky-high #deductibles that dwarf the average American's emergency savings = #rootcause? FACT SHEET: The Biden Administration Announces New Actions to Lessen the Burden of Medical Debt and Increase Consumer Protection https://t.co/g8X4C7lzcR via @whitehouse