General Catalyst appoints Stephen K. Klasko
SAN FRANCISCO, Feb. 25 10, 2022 (GLOBE NEWSWIRE) — Today, venture capital firm General Catalyst announced healthcare visionary Stephen K. Klasko, MD, MBA, as Executive-in-Residence. Klasko will leverage his extensive leadership and experience to work with the company to identify, create and accelerate new opportunities that deliver on the promise of Medicare, which seeks to create a more fair, more affordable and more efficient that better serves all constituencies. Klasko is the new executive to work with General Catalyst, underscoring the company’s commitment to his thesis on health insurance, which Klasko co-authored with General Catalyst managing partner Hemant Taneja in their book, “UnHealthcare: A Manifesto for Health Assurance,” published just over a year ago.
“As the pandemic slowly recedes, a broken and worn American health care system remains, and the urgency for accessible health care has grown. Now is the time to address health equity, reduce the cost of ‘health care’ and to create new models to prioritize proactive care,” Klasko said. “My GC colleagues and the Founders they support share this same sense of urgency and commitment to identify and create companies that work in partnership with health leaders to imagine and create a more accessible and resilient system that keeps people healthy and allows them to thrive.”
Nominated by the World Economic Forum in 2020 as a Distinguished Fellow for the Digital Economy, Klasko is one of the most respected healthcare executives known for bridging the entrepreneurial spirit of Silicon Valley and the methodical and traditional university healthcare system. Most recently, he led Jefferson Health to become one of the nation’s fastest growing academic health centers as President and CEO of Thomas Jefferson University and Jefferson Health. He is a consultant to the Board of Trustees until June 2022. During his accomplished career, he has served as Dean of two medical schools and CEO of three health systems. He is deeply committed to transforming healthcare from its traditional focus on “caring for the sick” to a resilient and proactive “healthcare at any address” system – designed to bend the cost curve through the innovation, making quality care more accessible and displacing the population. health, social determinants and predictive analytics, from philosophical exercises to mainstream clinical care and payment models. Klasko is one of the nation’s leading voices advocating for health systems transformation in partnership with digital technology innovators for a very different and better future.
“It has been a privilege to develop our thesis on health insurance in partnership with Steve who has a real insider’s view on how health care should evolve,” said Hemant Taneja. “We look forward to working with Steve to broaden our investment strategy to focus on many of the new challenges that have emerged as this pandemic turns into an endemic.”
General Catalyst works closely with an ecosystem of more than 50 companies focused on delivering the health insurance promise. The company intentionally tapped industry leaders like Steve Klasko to deepen its commitment to radical collaboration between technology, health and pharma. In addition to Klasko, the company works closely with: Ken Frazier, Executive Chairman of Merck; Dr. Jennifer Schneider, former president of Livongo; Margo Geordiadis, former president and CEO of Ancestry.com; Ron Paulus, former president and CEO of Mission Health; and Robin Washington, former executive vice president and chief financial officer of Gilead Sciences.
About General Catalyst
General Catalyst is a venture capital firm that invests in powerful, positive change that lasts – for our entrepreneurs, investors, employees, and society. We support founders with a long-term vision that challenges the status quo, partnering with them from seed to growth and beyond to build companies that stand the test of time. With offices in San Francisco, Palo Alto, New York, London and Boston, the company has helped support the growth of companies such as: Airbnb, Deliveroo, Guild, Gusto, Hubspot, Illumio, Lemonade, Livongo, Oscar, Samsara , Snap, Stripe and Warby Parker. For more: www.generalcatalyst.com.