Haven: Amazon, Berkshire Hathaway, and JP Morgan Chase Launch Nonprofit to Improve Healthcare for U.S. Employees

Haven: Amazon, Berkshire Hathaway, and JP Morgan Chase Launch Nonprofit to Improve Healthcare for U.S. Employees

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Abstract

Haven was founded as a nonprofit joint venture between three global for-profit companies in an effort to improve healthcare and reduce costs for their more than one million combined employees. The selection of a high-profile CEO, along with the weight of the founding partner corporations, set high expectations for Haven to bring much needed innovation and disruption to the healthcare industry. Yet within 2 years of incorporation, Haven had lost its CEO and five other senior executives, had some of their private matters become public through a lawsuit, and found themselves in competition with founding partner Amazon’s aggressive push into healthcare. Three years after Haven’s launch, the founding companies announced they were shutting it down. What could Haven have done to become the innovative force envisioned by its founders Amazon, Berkshire Hathaway, and JP Morgan Chase?

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