Ogechika "Oge" Alozie MD MPH

KAISER IS CREATING A NATIONAL INTEGRATED CARE DELIVERY PLATFORM AND THIS IS THE FIRST STEP IN THAT DIRECTION EVERYONE. An absolutely MASSIVE acquisition is happening between Kaiser Permanente and Geisinger Health, two vertically integrated health systems. • Kaiser is forming a new health system, called Risant Health (sigh). • Risant's goals are to "expand and accelerate the adoption of value-based care in diverse, multi-payer, multi-provider, community-based health system environments." • Geisinger is join the Risant as its first 'platform-level' acquisition/affiliation In 2022, Geisinger reported ~$7B in revenue. Kaiser generated ~$95B in revenue in 2022. • Then, an almost PE-like rollup play will unfold from there. • Risant will continue to grow by gobbling up other community health systems who want to join the platform. • These health systems continue to operate independently while benefiting from Risant's scale, KP's expertise, and I assume shared resources. My take? KP is providing scale and support for smaller, financially struggling health systems and created Risant opportunistically to help health systems struggling financially or who want to get more involved in risk. It's like...physician enablement. But for literal health systems. Risant is targeting health systems that are already moving toward value-based care models. This is NOT a full-fledged, traditional merger between Kaiser and Geisinger. Kaiser is fronting Risant with $5B in funding. Side note - where the heck was my tip off here??? c'mon yall!!