Kaiser Foundation Hospitals (Oakland, Calif.) and health system Geisinger Health (Danville, Pa.) announced plans to launch Risant Health, a new nonprofit organization focused on value-based care and coverage.
The new organization will be headquartered near Washington, D.C. In a press release, Kaiser Permanente announced that Dr. Jaewon Ryu, Geisinger’s president and chief executive officer, will serve as Risant’s chief executive when the deal is closed.
Geisinger would be the first health system to join Risant Health and will retain its name when it’s folded into the new nonprofit organization.
Other health systems that become part of Risant Health will also continue to operate as regional or community-based organizations to serve the needs of their communities. They will have access to expertise, resources, and support through Risant Health’s value-based platform, including care model design, pharmacy, consumer digital engagement, health plan product development, and purchasing.
The definitive agreement between Risant Health and Geisinger Health is subject to state and federal regulatory review.