Health

Sutter Health appoints Oschner executive as new CEO

Sutter Health appoints Oschner executive as new CEO
ADVERTISEMENT

ADVERTISEMENT

This audio is generated automatically. Let us know if you have any feedback.

Name: Warner Thomas

Previous title: Chief executive officer and president, Ochsner Health

New title: Chief executive officer and president, Sutter Health

Effective December 1, Thomas will take the helm of Sacramento, California-based Sutter Health, becoming the system’s first outside CEO in more than 40 years, according to a press release.

Thomas joins Sutter from Louisiana-based Ochsner Health, where he led 40 hospitals and more than 300 emergency care and health centers for a decade.

He was Ochsner’s first non-physician CEO and was responsible for launching the system’s think tank and health incubator, InnovationOchsner, which focuses on analytics and digital health.

Thomas’ appointment comes as nonprofits across the country report poor financial performance as labor costs rise and patient volumes remain low. Sutter Health posted a net loss of $457 million in the second quarter of this year, compared to a net profit of $636 million a year ago. Last month, Fitch Ratings lowered its financial outlook for nonprofits to “deteriorating.”

Prior to his position at Ochsner, Thomas was president of Foundation Medical Partners.

He succeeds James Conforti, Chief Operating Officer of Sutter Health, who has been the system’s interim CEO since January.

ADVERTISEMENT1

Leave a Comment