Business Intelligence
Senior VP of corporate finance Tom Cowhey has been appointed interim CFO in Shawn Guertin's absence.
The combined organization would operate 19 hospitals and 130 outpatient locations with nearly 14,000 team members, organizations say.
The retail store and pharmacy will continue operations, but will close underperforming stores, company says.
Thirty-nine percent of the announced transactions in Q3 were spurred at least in part to financial distress, Kaufman Hall finds.
The value-based network will enable rural hospitals to meet the increasing challenges of delivering healthcare.
Financial challenges in the coming year include lower volumes of COVID-19 vaccinations and testing, company says.
Optum growth led the way, with the subsidiary's revenues growing 22% year-over-year to $56.7 billion.
Across all payers, per-enrollee spending is projected to accelerate in 2023 and 2024.
BCBS Michigan is partnering with other BCBS companies on a number of initiatives spanning technology, health plan offerings and innovation.
Healthcare industry veteran Jim Rechtin will transition to the role of CEO in the latter half of next year.