1+ mon, 1+ week 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…...

5+ mon, 6+ hour 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'the…...

5+ mon, 6+ 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…...

5+ mon, 2+ 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…...

8+ mon, 6+ 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,…...

9+ mon, 3+ week ago  (309+ words) The plan comes on the heels of a broader restructuring, in which Providence laid off 600 workers, citing economic headwinds. Wexler said the new plan should help the 51-hospital system navigate the "polycrisis" facing healthcare, including economic, legislative, technological and societal…...

10+ mon, 1+ week ago  (502+ words) The move comes after the health system downsized its executive team and froze nonclinical hiring earlier this year. By its own account, Providence has had a difficult start to 2025. The 51-hospital system began the year by streamlining and reducing its…...

11+ mon, 4+ week ago  (413+ words) We were on track to finally break even this year. But just as we were nearing that goal, the external economic conditions in 2025 took a sudden turn," CEO Erik Wexler said in a memo to staff. Don't miss tomorrow's healthcare…...