Seattle Vera overall health $50 million has been raised from Morgan Health, the healthcare arm of JPMorgan Chase. This announcement On Thursday, a private equity firm acquired a majority stake in Vera in July.
Vera works with employers to provide healthcare services through a clinic close to the work area through an integrated team of primary care doctors, nurses and health coaches.
The company charges a monthly membership fee per person, which is an increasingly popular healthcare model. This approach simplifies billing in the medical system and changes incentives through its fee-for-service approach and decentralized communication between experts and primary care providers.
This investment is Morgan’s first investment in the coordinated health care model and will support Vera’s growth in the employer-sponsored healthcare market. Morgan also announced that Vera will also establish a partnership with Central Ohio Primary Care Corporation, a primary care group owned by a large doctor.
“The goal of our first investment is to build a strong and coordinated healthcare model—providing excellent primary care and new ways to help employees navigate the usually very disconnected healthcare system,” Morgan Health CEO Dan Mendelson Said that he will join Vera’s board of directors.
According to JPMorgan Chase, this investment is JPMorgan Health’s “first step in expanding the coordinated care model” for its employees and the wider market. Press Releases.