Main Library
The opening day of the HLTH 2023 event offered a blockbuster announcement from General Catalyst CEO Hemant Taneja. Dr. Marc Harrison, the former CEO of Intermountain Healthcare who joined General Catalyst last year, will lead a new initiative called the Health Assurance Transformation Company (HATco), with the goal of acquiring and leading its own for-profit health system. Value-based care will be a focus of the new entity.
Taneja acknowledged that it was an unconventional move for a venture capital firm to launch a business like this.
“It’s actually forcing us to think about transcending our own business. First of all, if we have a health system that we’re supporting, we have to think for the very long term,” Taneja said. “It’s our responsibility to make sure all the things we do and the transformation that we think about does not diminish the quality of service that people get. We also have to be thinking about a long horizon that generally isn’t in the context of venture capital firms.”