The joint healthcare venture between Amazon (NSDQ:AMZN), Berkshire Hathaway and J.P. Morgan Chase that looks to lower costs and improve health insurance is struggling to find the right individual to fill the corner office, according to a CNBC report.
The joint venture began searching for a CEO after announcing its launch in January, according to the report, meeting potential candidates by phone and in person in Omaha, Nebraska, where Berkshire Hathaway resides, and in New York, where J.P. Morgan is based.
The group considered health insurance and policy experts, including ex-Aetna exec Gary Loveman and former CMS chief Andy Slavitt, CNBC reports, but none were selected.
Interest has shifted to individuals with an entrepreneurial background in tech and health who are removed from involvement in health insurance and drug supply, according to the report. A recent top choice for the group is Grand Rounds Health CEO Owen Tripp, who runs a medical second-opinion service start-up, though Tripp is reportedly committed to his current position.
Warren Buffet, Berkshire CEO and major player in the combined group, said during an investor meeting for the JV that they hoped to have a chief exec “within a couple of months,” according to CNBC.
Whoever is chosen will have a significant task ahead of them, managing a combined 1.2 million employees across the three companies in a multitrillion-dollar industry, according to the report.
The group announced the venture in January, and sent shares in major health insurers UnitedHealth and Anthem down in response.