Dr. Cheryl Pegus, former Walmart EVP of Health & Wellness, Joins Morgan Health

Dr. Cheryl Pegus, a nationally-recognized leader for her work to deliver affordable, high-quality care to millions of Americans, will join Morgan Health to support the organization’s strategic investments and broader efforts to improve the quality, affordability and equity of health care.

Dr. Pegus joins Morgan Health from Walmart where she served as Executive Vice President for Health & Wellness. In her role, Dr. Pegus established Walmart as a formidable force in health care innovation and transformation. During her tenure, she launched notable consumer health programs designed to raise the standard of care for millions of Americans, including the roll-out of ReliOn insulin, which has saved customers more than $15 million on the cost of their insulin. She played a foundational role in broadening access to critical telehealth services across Walmart’s communities and worked to expand the footprint of Walmart’s retail Health Centers across major markets. She also oversaw the company’s pandemic response with the Health & Wellness team administering COVID vaccines to tens of millions of customers and associates.

Dr. Pegus will work closely with Dan Hartman and Jeff Ries, who lead Morgan Health’s ventures and investment efforts. As part of its mission to improve employer-sponsored health care, Morgan Health is investing $250 million of JPMorgan Chase & Co. capital to help scale promising companies focused on driving greater accountability in health care. To date, Morgan Health has deployed $105mm in four early-stage companies: Vera Whole Health, Embold Health, Centivo and LetsGetChecked.

Building on Morgan Health’s accountable care strategy, Dr. Pegus will help inform the team’s renewed focus on population-based health initiatives, including investing in and scaling promising new care delivery models designed to improve health outcomes, particularly among diverse populations. In addition, she will help Morgan Health advance its work and strategic investments dedicated to addressing gaps in mental and behavioral health, diabetes, heart disease and other chronic conditions among enrollees.

“Cheryl is one of the most respected leaders in health care and brings clinical and health care business expertise that will help accelerate the next phase of Morgan Health’s strategy around population health,” Dan Mendelson, CEO of Morgan Health, said. “She is also a cardiologist and health equity expert and will play a critical role in our work to invest in and scale companies that are making a meaningful difference in reversing the trend of chronic disease, particularly diabetes and heart disease, across the commercial market. She recognizes the opportunity that we have to improve health outcomes for our employees and the more than 150 million Americans who depend on employer-sponsored insurance.”