CVS Health has named Prem Shah as group president and Steve Nelson as the president of Aetna, effective Nov. 6. Both will report to CVS President and CEO David Joyner.
In creating new C-suite roles within healthcare, hospitals and health systems have cited reasons as varied as seeing new opportunities for growth or finding gaps in coverage as their motivation.
CEOs who ascend from entry-level positions to the top role, known as “CEO lifers,” offer distinct advantages and risks to organizations, according to an Oct. 27 report from the Financial Times.
While Debbie Streier has been with Sioux Falls, S.D.-based Avera Health for 24 years, she was new to the staff when she became regional president and CEO of Avera Marshall (Minn.) Regional Medical Center in 2021.
The executive team at Marshall, Mich.-based Oaklawn Hospital knew they had a problem when the only oncologist in town retired, leaving the community with very limited access to treatment.
Hospitals nationwide are navigating increasingly burdensome insurer policies, incentivizing systems to seek innovative partners to address rising care costs and access issues.
A range of resources already exists to help health system board members understand and fulfill their fiduciary duties and responsibilities effectively. However, two healthcare leaders set out to provide something different.
For some women leaders in hospitals and health systems, access to mentorship and participation in important discussions have contributed to their success and growth.