As reported by CNBC, JPMorgan Chase’s new healthcare unit has made its first investment. Morgan Health will infuse our next-generation, value-based advanced primary care (APC) model with $50 million in new capital.

APC is a revolutionary model proven to reduce overall healthcare costs and improve health outcomes by focusing the patient experience in primary care centers — which are equipped to manage 80 to 90 percent of all care-related needs. 

The expansion means better access to best-in-class APC — which is proven to reduce utilization of costly urgent, emergency and specialty care, and reduces healthcare and benefit spending for organizations of every size.

Vera CEO and founder Ryan Schmid shared more about the partnership in a related press release on Business Wire. “This unique partnership will not only give us the opportunity to transform the way healthcare is delivered and paid for, but also address the role that social determinants of health, including racial bias, plays in our system.”

Read more about the exciting opportunities for employers, payers, and members in CNBC’s feature of the Vera and Morgan Health investment partnership.

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