Providence President and CEO Erik Wexler gave his employees a blunt appraisal of a “perfect storm” of economic headwinds the ...

In a letter Thursday addressed to all staff, Providence CEO Erik Wexler painted a sobering picture of Providence’s financial ...

President and CEO Erik Wexler emphasized the need for action as expenses continue to outpace revenue at Providence.

Erik Wexler, the health system's new leader, told employees that steps are being taken to weather financial turmoil.

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.

The email, sent to staff last week by CEO Erik Wexler, said ongoing headwinds, including lagging reimbursement from payers and elevated supply and labor costs, as well as one-time events like last ...

Renton, Wash.-based Providence is pausing nonclinical hiring as part of a broader effort to ensure the health system’s financial sustainability, President and CEO Erik Wexler told employees April 17.

In a letter Thursday addressed to all staff, Providence CEO Erik Wexler painted a sobering picture of Providence’s financial outlook, driven by reduced reimbursements, rising costs and ...