Providence

Providence Cuts Operating Losses Nearly in Half Amid Financial Improvements March 9, 2025 Providence Health & Services reduced its operating losses to $644 million in 2024, improving financial stability with increased patient volumes, revenue growth, and cost efficiency.

Providence and Compassus Finalize Joint Venture for Home-Based Care in Alaska, Texas, and Washington March 4, 2025 Providence and Compassus have finalized a joint venture to expand home-based healthcare services in Alaska, Texas, and Washington, ensuring continuity of care and workforce stability.

Providence Reaches Tentative Agreements with Striking Healthcare Workers in Oregon February 7, 2025 Providence Health & Services announces tentative agreements with striking nurses and physicians in Oregon, nearing a resolution to the state’s largest healthcare strike. Negotiations continue with hospitalists.

Providence Reshuffles Leadership to Enhance Healthcare Strategies January 24, 2025 Providence streamlines leadership, expands executive roles, and introduces a new Office of Transformation to advance healthcare strategies and improve frontline care.

Providence Reports $1 Bn in Operational Improvements January 15, 2025 Providence reports $1 billion in operational improvements from its Recover and Renew initiative, focusing on cost-cutting and restructuring efforts.

Providence Faces $240,000 Fine for Ransomware Breach October 8, 2024 Providence Medical Institute was fined $240,000 by HHS for HIPAA violations following a 2018 ransomware breach that affected 85,000 individuals. Lawmakers are pushing for stronger healthcare cybersecurity standards.

Erik Wexler Named Next President & CEO of Providence July 22, 2024 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.

Providence Unveils Healthcare Innovation Centre in Hyderabad February 28, 2024 Alongside this expansion, the company revealed intentions to substantially increase its workforce in India, aiming to meet the escalating demand for advanced technological solutions in healthcare.

Providence Launches Praia Health to Offer Personalised Patient Care October 4, 2023 Washington-based Providence, a healthcare institution, has launched Praia Health, a platform-as-a-service technology representing the companys fourth technological innovation.