News
Providence names new chief supply chain officer
2+ day, 19+ hour ago (360+ words) Amanda Chawla comes to the Washington-based nonprofit giant from Stanford Medicine. Providence is hoping her appointment will bolster its supply chain capabilities during a time of elevated spend. Previous title: Senior VP, chief supply chain and post-acute care officer, Stanford…...
Providence shuts down most insurance businesses for 2027
1+ mon, 3+ week ago (399+ words) The nonprofit giant has offered health insurance for decades. But recent challenges, including higher costs and regulatory changes, have created an untenable situation, according to Providence’s CEO. Providence, one of the largest nonprofit health systems in the U.S., has offered…...
Providence CFO to step down
4+ mon, 5+ day ago (200+ words) Greg Hoffman will retire in June after almost a decade at the nonprofit Catholic health system. Providence CFO Greg Hoffman is stepping down after almost a decade at the nonprofit Catholic health system. Hoffman will retire in June, Providence said…...
Providence lays off more workers in Washington, Oregon
7+ mon, 3+ week ago (365+ words) Executives blamed Medicaid cuts, commercial insurance denial rates and declining volumes for the staff reduction. Providence Swedish, which formed in 2012 as an affiliation between Providence and Swedish Health Services, announced further cuts to staff on Tuesday. The health system said…...
Providence’s financial turnaround plan delivers results in Q3
8+ mon, 2+ day ago (307+ words) The nonprofit health system was in the black during the third quarter, boosted by higher patient volumes and improved labor efficiency. While Providence has been in the black for some recent quarters, the system hasn’t posted an annual profit in…...
Prospect clashes with Rhode Island regulators over plans to close two hospitals
8+ mon, 1+ week ago (453+ words) Prospect Medical Holdings is seeking approval from a bankruptcy court to close its hospitals in Rhode Island. Regulators and the new buyer say Prospect needs to follow through with the sale. Prospect and Centurion have been working on a deal…...
Providence narrows operating loss in Q2, but challenges remain
11+ mon, 2+ day ago (499+ words) The 51-hospital nonprofit health system hasn’t ended the year with a profit in four years. Providence hoped to change that in 2025, but it’s faced what it calls a “polycrisis.” Those pressures include new state laws on charity care and staffing,…...