Providence announced its intent to sell its health plan, exiting the “payvider” model as rising costs and operational complexity weigh on smaller regional insurers. The move reflects a broader trend of health systems refocusing on core care delivery and exploring partnerships instead of running insurance themselves.

The post Why Providence Wants to Sell Its Health Plan appeared first on MedCity News.

November has seen a slew of executive hires, promotions and layoffs across the healthcare industry. For instance, the Joint Commission, Silicon Valley Bank and Regard named new executives. There were also layoffs at organizations including Oak Street Health, Providence and Optum.

The post Healthcare Moves: A Monthly Summary of Hires, Exits and Layoffs appeared first on MedCity News.

Providence and Humana launched a new initiative to standardize and streamline data exchange between payers and providers. The program leverages FHIR-based APIs to create a scalable, real-time system that can be replicated across other healthcare organizations nationwide.

The post Providence, Humana Launch Initiative to Standardize Payer-Provider Data Sharing appeared first on MedCity News.

September has seen a wide range of executive hires, exits, promotions and layoffs across the healthcare industry. For example, Medtronic, Amgen and Kaiser Permanente welcomed new executives. There were also layoffs at organizations including Novo Nordisk and Seattle Children’s.

The post Healthcare Moves: A Monthly Summary of Hires, Exits and Layoffs appeared first on MedCity News.

A judge has approved Blue Cross Blue Shield’s $2.8 billion settlement with providers. However, some providers are opting out, arguing that it doesn’t go far enough.

The post A Judge Approved BCBS’ $2.8B Settlement. Why Some Providers Are Opting Out appeared first on MedCity News.

June has seen a slew of executive hires, promotions, exits and layoffs across the healthcare sector. For example, CVS Health and HCA Healthcare welcomed new executives, and Ascension and Optum Health announced that their CEOs are departing. There were also layoffs at organizations including Providence, UCSF Health and Vanderbilt University Medical Center.

The post Healthcare Moves: A Monthly Summary of Hires, Exits and Layoffs appeared first on MedCity News.

March has seen a slew of executive hires, exits and layoffs across the healthcare industry. For example, providers like Providence and Geisinger have appointed new C-suite leaders, and companies like Blue Shield of California and Evernorth have undergone CEO exits. There were also layoffs at organizations including HHS, Blue Cross of Idaho and the University of Pennsylvania Health System.

The post Healthcare Moves: A Monthly Summary of Hires, Exits and Layoffs appeared first on MedCity News.

Providence spun off its venture capital arm and renamed it Allumia Ventures. The newly independent venture capital firm also recently closed its third fund, in which Providence invested $150 million. Allumia is looking to grow the fund by inviting 3-5 other health systems to be limited partner investors.

The post Providence Spun Out Its VC Arm So It Can Partner with Other Health Systems appeared first on MedCity News.

Here is a selection of recent executive hires, exits, promotions and layoffs occurring across the healthcare industry.

The post Healthcare Moves: A Monthly Summary of Hires and Layoffs appeared first on MedCity News.

Leaders from three health systems — Providence, OSF HealthCare and UMass Memorial Health — detailed how their organizations are maximizing hybrid and home-based care models during a recent panel.

The post How 3 Health Systems Are Scaling Hybrid & Home-Based Models appeared first on MedCity News.

During a recent panel discussion, three healthcare experts discussed reasons why value-based care is struggling to reach scale.

The post Value-Based Care Is a Four Layer Cake — Why Do We Only Focus on The Icing? appeared first on MedCity News.

Here’s how four different health systems are partnering with Microsoft to save time for clinicians.

The post How 4 Health Systems Are Partnering with Microsoft appeared first on MedCity News.

Whitney Haggerson — vice president of health equity and Medicaid at Providence — discussed the significance of her role, as well as how her health system is working to give all employees, regardless of title, the skills needed to help reduce health inequities.

The post Inside Providence’s Health Equity & Medicaid Strategy appeared first on MedCity News.

Here is a selection of recent executive hires, exits, promotions and layoffs occurring across the healthcare industry.

The post Healthcare Moves: A Monthly Summary of Hires and Layoffs appeared first on MedCity News.

Here is a selection of recent executive hires, retirements, promotions and layoffs occurring across the healthcare industry.

The post Healthcare Moves: A Monthly Summary of Hires and Layoffs appeared first on MedCity News.

Providence recently launched a study to help learn more about how health systems can use multi-cancer detection tests in clinical care. Three years ago, Providence became the first health system to use Grail’s Galleri test, which screens patients for more than 50 kinds of cancer.

The post How Can Hospitals Best Leverage Multi-Cancer Screening Tests? Providence Researchers Aim to Find Out appeared first on MedCity News.

In this month’s episode, Senior Reporter Katie Adams explored some executive moves and layoffs that recently occurred in the healthcare world. She also interviewed Rod Hochman, who is retiring from his role as CEO of Providence after a 45-year career in healthcare.

The post MedCity Moves Podcast: Recent Hires, Layoffs & an Interview with Rod Hochman, CEO of Providence appeared first on MedCity News.

Here is a selection of recent executive hires, promotions, retirements and layoffs occurring across the healthcare industry.

The post Healthcare Moves: A Monthly Summary of Hires and Layoffs appeared first on MedCity News.

This year has been a messy one for virtual care companies, but that doesn’t mean that telehealth is dead, according to Eve Cunningham, Providence’s chief of virtual care and digital health. In her view, virtual care can definitely still be an important part of the care delivery model — but only if it is embedded into the greater healthcare delivery ecosystem.

The post Telehealth Is Far From Dead, Says Providence’s Virtual Care Chief appeared first on MedCity News.

More than 33,000 Providence employees filed a class-action complaint against the health system in 2021, alleging that it had been withholding their wages by denying them breaks and rounding down their working hours. Last week, Providence was ordered to pay more than $200 million in damages — a decision that “sends a message to healthcare corporations,” according to an attorney representing the workers.

The post Providence Ordered to Pay $200M for ‘Systemic Wage Violations’ appeared first on MedCity News.

Providence spun out its fourth digital health startup: Praia Health, a platform designed to build stronger relationships with patients by personalizing their healthcare journeys and connecting them to relevant resources and services. The startup also announced the closing of a $20 million Series A funding round led by Frist Cressey Ventures.

The post Providence Spins Out New Patient Engagement Startup With $20M in Funding appeared first on MedCity News.

In order to effectively address the nursing shortage, hospitals must embrace three key products on the market that has been proven to alleviate nurse burnout, according to Syl Trepanier, chief nursing officer at Providence.

The post Providence Chief Nursing Officer: All Hospitals Should Be Using These 3 Tools appeared first on MedCity News.

[Sponsored] A panel discussion of hospital executives at the ViVE event last month offered insight into the challenges of implementing innovation and what they have learned from their experiences.

The post Hospitals and Health System Executives Say Change Management is Essential for Innovation appeared first on MedCity News.

[Sponsored] The panelists for the digital flywheel in healthcare discussion included: Sara Vaezy of Providence; Justin Dearborn of Praia Health, Providence Digital Innovation Group; and Sonia Singh of AVIA, who served as the moderator.

The post AVIA Webinar Panelists Share Vision for How Health Systems Can Engage and Retain Patients appeared first on MedCity News.

Providence announced that it will spin out its fourth digital health startup in the first quarter of next year. The company, called Praia Health, offers a platform designed to build stronger relationships with patients by personalizing their healthcare journeys and connecting them to relevant resources and services.

The post Providence Plans to Spin Out a New Patient Engagement Startup, Marking Its 4th Incubated Company appeared first on MedCity News.

In order for health systems to “not be commoditized fully,” they need to collect data to know their patients’ behaviors better and build stronger relationships with them, argued Sara Vaezy, Providence’s chief strategy and digital officer. Consumer brands like Amazon have been doing this for years so they can deliver personalized experiences to their users, and it’s time hospitals take a page out of their playbook, she said.

The post Hospitals Should Take A Page Out of Amazon’s Digital Engagement Playbook, Argues Providence Digital Chief appeared first on MedCity News.

Here is a selection of recent executive hires, exits, promotions and layoffs occurring across the healthcare industry.

The post Healthcare Moves: A Monthly Summary of Hires and Layoffs appeared first on MedCity News.

Providence spinout DexCare recently closed a $75 million Series C funding round, bringing its total funding to date to $146 million. The startup gives health systems a platform that helps them coordinate and manage digital care services so they can better address the modern healthcare consumer’s demands for convenience and immediacy.

The post DexCare Rakes In $75M to Optimize Health Systems’ Digital Care Management appeared first on MedCity News.

Providence is cutting back on services at three of its Oregon facilities to brace for an upcoming nurses’ union strike. The Oregon Nurses Association has planned a five-day strike to fight for better staffing levels and working conditions.

The post Providence Scales Back Services in Oregon to Prep for Nurses’ Strike appeared first on MedCity News.

Here is a selection of recent executive hires, promotions and layoffs occurring across the healthcare industry.

The post Healthcare Moves: A Monthly Summary of Hires and Layoffs appeared first on MedCity News.