JP Morgan's New Health Care Deal Aims to Reduce Employee Expenses.

Centivo, a three year old Company, has received a $30 million investment from Morgan Health.

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Morgan Health Aims to improve offerings for the 150 million Americans who get coverage through their employers.

Morgan Health Aims to improve offerings for the 150 million Americans who get coverage through their employers.

Centivo ceo - ashok subramanian

Centivo tries to lower costs and steer members to clinicians with track records of providing better quality care.

Said in interview

Over the past year, Morgan Health has made $85m in investments, including the Centivo transaction. Vera Whole Health, a provider of primary healthcare, and Embold Health, a startup that offers information about doctors, are two other investments.

According to Mendelson, JPMorgan spends around $2 billion annually on healthcare costs and extensively subsidises benefits for workers making less than $75,000 per year. He claimed that employees demand "more substantial choice" in perks

According to Mendelson, JPMorgan spends around $2 billion annually on healthcare costs and extensively subsidises benefits for workers making less than $75,000 per year. He claimed that employees demand "more substantial choice" in perks

Peter Scher, vice chairman of JPMorgan, will join the Centivo board. Prior to the Morgan Health investment, Centivo raised $118m.