Workweek May 24, 2023
Today we’re diving into the Risant Health developing story, including Kaiser’s decision to form the new health system and Geisinger’s decision to join it.
RISANT HEALTH: KEY TAKEAWAYS
- Kaiser Permanente formed a new nonprofit health system called Risant Health.
- Risant Health will have significant financial backing as a subsidiary of Kaiser.
- Risant’s first member is Geisinger, based in Pennsylvania. Geisinger’s CEO Jaewon Ryu will lead Risant.
- Over the next 5 years, Risant will target smaller integrated care delivery organizations (e.g., nonprofit health systems with a health insurance offering) with the goal of hitting $35 billion in system revenue.
- The nonprofit health system members will operate independently but hold affiliation with Risant.
- Risant provides a potential lifeline for health systems...
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