UMass Memorial Health, the largest healthcare provider in Central Massachusetts, on Friday confirmed it is starting its own health insurance division.
The insurance company called Central Mass Health LLC will be organized under the UMass Memorial Health Ventures umbrella, which is for all the non-hospital aspects of the UMass Memorial system. The establishment of Central Mass Health is in keeping with our long-term strategy to become a more integrated healthcare delivery network, UMass spokesman Anthony Berry said. Over time we have built a lot of assets - including a strong provider arm - but have felt that an important missing piece to achieving total integration was an insurance product.
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Combination to create largest global provider of supply chain risk and worker management solutions
Avetta®, the leading provider of supply chain risk management software, announced today it has agreed to acquire Pegasus, a leader in worker competency management software and services. Based in Newcastle, Australia, its products are used by more than 100 hiring clients, including BHP, Lendlease, and Otis, to manage 3.5 million workers employed by 70,000 suppliers.
The combination will help accelerate Avetta s global growth strategy and is expected to create the largest provider of supply chain risk management and compliance solutions, with nearly 170,000 suppliers and 4 million managed workers.
The events of the past year have highlighted that risks to an organization extend into its supply chain and on-site contractors. In order to ensure safer operations, corporations must ensure these essential workers have sufficient training and accreditation to perform their jobs with
Emergence Capital co-founder Jason Green on transitioning to the next chapter
Succession is a major issue for many venture firms. Institutional investors, founders even reporters often get attached to senior members of a team, and when one of those individuals decides to hang up his or her cleats, it can be tricky for the rest of the partnership.
For its part, Emergence, a highly successful enterprise-focused venture firm, has been thinking about succession for at least the last decade, suggests Jason Green, who co-founded the outfit with Gordon Ritter and Brian Jacobs in the winter of 2002 and who says the team has long focused on hiring younger investors who can someday steward the firm.
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