Providence Executive Vice President and CFO Greg Hoffman will retire in June after more than 10 years with the health system, including the past five as CFO.
Mr. Hoffman’s departure comes as the 51-hospital system — which operates facilities across Alaska, Montana, Oregon, California and Washington — reports improving financial performance and greater stability following several challenging years for the healthcare sector.
Renton, Wash.-based Providence has made steady financial progress in recent quarters and is expected to report its full-year 2025 financial results this week.
“Greg’s partnership and deep commitment to our mission have helped put Providence on a positive trajectory and set us up for continued progress,” Providence President and CEO Erik Wexler said in a March 6 statement. “Though he will be deeply missed, he leaves our health system well positioned for the future.”
During his tenure, Mr. Hoffman helped guide Providence through the financial pressures facing hospitals in the years following the COVID-19 pandemic. He also played a key role in advancing long-term sustainability initiatives and strengthening the health system’s financial foundation.
His work included helping lead Providence’s implementation of an enterprise resource planning system, renegotiating contracts with commercial payers and maintaining strong bond ratings to support the system’s long-term capital strategy.
Providence said it will conduct both an internal and national search for its next CFO.
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