Investment banking company JP Morgan Chase agreed to make its first investment around $50 million in the start-up healthcare provider Vera Whole Health. The start-up is advancing new subscription-type model aimed at healthcare of employees.
The investment bank’s employees will soon be able to avail the services of Vera Whole Health.Vera, founded in 2008 is aimed at improving employee outcomes and minimize their healthcare costs by providing primary care doctors accountable for employee health.Vera aims to advance the traditional model of healthcare services provided to the company employees. JP Morgan is one of the first corporate employers to invest in Vera Whole Health.
The services provided through advanced care model by Vera are common to the Medicare insurers but are not yet common to the corporate community.Vera Whole Health looks for lowering the healthcare costs of employees below 65 age population. This would be a huge investment by JP Morgan in a healthcare startup to have a model focused on employee health for better outcomes.