Erik Wexler Named Next President & CEO of Providence

This change signifies a pivotal moment for the nonprofit health system, known for its extensive network and significant patient care operations.

Providence appointed Erik Wexler, its current chief operating officer (COO), will become the next president and CEO, succeeding Rod Hochman, MD, who retires at the end of the year.

Wexler has been with Providence since 2016, initially serving as regional chief executive for its Southern California division.

Wexler’s upcoming role includes continuing Providence's mission of delivering quality healthcare, especially to underserved populations.

On his appointment, Wexler said, "I joined Providence in 2016 because I felt a deep personal calling to the organization’s mission, values, and promise. I feel incredibly honored to serve and lead an organization of compassionate caregivers and physicians who are deeply committed to improving the health of our communities."

In 2020, he became president of Operations and Strategy for the region before advancing to the COO position in 2022. His career spans more than three decades in healthcare, with previous leadership roles at Tenet Healthcare’s Northeast Region, Vanguard Health Systems, LifeBridge Health, and Northwest Hospital.

Michael Murphy, chair of Providence’s Board, expressed confidence in Wexler's capabilities.

He said, "With his unwavering commitment to the Mission and more than 30 years of experience in healthcare, Erik is the right person to inspire and empower Providence caregivers, medical staff, and community partners to continue to build on our vision of Health for a Better World."

Providence’s Financial & Operational Landscape

Providence is one of the largest nonprofit health systems in the United States, operating 51 hospitals and employing 122,000 staff members. In its 2023 fiscal year, the system recorded nearly 29 million patient visits and $29 billion in total operating revenue.

Despite financial challenges, including a -4.1% operating margin and a $596 million net loss in fiscal 2023, Providence began 2024 with a stronger financial position, achieving a 2.3% operating margin and a $360.3 million bottom line.

Hochman, who announced his retirement plans in May, will transition to a CEO emeritus role on January 1, 2025.

He praised Wexler's appointment, stating, "Erik’s focus on Mission and his track record of successful transformation through collaboration will serve Providence well, and I am thrilled that he has answered the call to serve as our next President and CEO."

In recent years, Providence has faced scrutiny over state investigations and a substantial settlement related to its charity care policies and practices.

Additionally, the system recently alerted approximately 2,200 patients about potential exposure to bloodborne infections, such as HIV.

Wexler’s tenure at Providence has been marked by notable achievements, including leading the integration of Providence St Joseph Health in California and fostering a clinically integrated network and value-based care expansion. His role in a joint venture with Cedars-Sinai Health System to rebuild a medical center also highlights his commitment to enhancing healthcare access and equity.

Judy Marvin, MD, chair of the Providence Medical Group board, said, "Erik understands the importance of partnering with clinicians. He is committed to making Providence the best place to practice medicine and to ensuring our physicians are well supported in meeting the needs of patients."