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Berkshire, Amazon, and JPMorgan Found a CEO for its Helth Care Venture

The new healthcare venture founded by Amazon’s Jeff Bezos, Berkshire Hathaway’s Warren Buffett, and JPMorgan’s Jamie Dimon, has a CEO.

Dr. Atul Gawande has been named the CEO of the health care company that was founded by the three companies above in order to lower health care costs. His role as leader will take effect on July 9th with the company being headquartered in Boston.

Dr. Atul Gawande is the is founding executive director of the health systems innovation center, Ariadne Labs. He is also currently a general and endocrine surgeon at Brigham and Women’s Hospital as well as a professor at the Harvard T.H. Chan School of Public Health and Harvard Medical School.

Dr. Gawande is also a staff writer for The New Yorker and has four bestsellers on the New York Times bestseller list. They are: “Complications,” “Better,” “The Checklist Manifesto,” and “Being Mortal.”

Warren Buffett commented, “Talent and dedication were manifest among the many professionals we interviewed. All felt that better care can be delivered and that rising costs can be checked. Jamie, Jeff and I are confident that we have found in Atul the leader who will get this important job done.”

Previously Buffett had told Yahoo Finance that Ted Combs, an investment manager at Berkshire had been spending a lot of time searching for the CEO.

“We need an extraordinary CEO because it takes a lot of imagination, and it takes a whole lot of execution,” Buffett told Yahoo Finance at the time. “And it takes somebody that has a fervor for doing this beyond just having a job.”

Dr. Gawande stated, “I’m thrilled to be named CEO of this health care initiative. I have devoted my public health career to building scalable solutions for better health care delivery that are saving lives, reducing suffering, and eliminating wasteful spending both in the U.S. and across the world. Now I have the backing of these remarkable organizations to pursue this mission with even greater impact for more than a million people, and in doing so incubate better models of care for all. This work will take time but must be done. The system is broken, and better is possible.”

It was in 2012 that Dr. Gawande had said, “There’s a famous thought experiment that touches exactly on this that said, what if you built a car from the very best car parts? Well it would lead you to put in Porsche brakes, a Ferrari engine, a Volvo body, a BMW chassis. And you put it all together and what do you get? A very expensive pile of junk that does not go anywhere. And that is what medicine can feel like sometimes. It’s not a system.”

He will not give up his positions at Harvard or Brigham and Women’s Hospital and will also continue to write and contribute to The New Yorker.

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