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Diving overview:
Envision Healthcare's chief financial officer and chief information officer are leaving the physician staffing firm, the company announced Monday. Former CFO Henry Howe will leave the company in early January, according to a press release. J. Michael Braff, who previously served as chief financial officer at senior primary care chain ChenMed, assumed the role of CFO on October 28. CIO Megan Barney will also leave Envision in early January. The company has begun an executive search to find a successor.
Dive Insight:
This leadership change comes after a year of turbulence at this physician staffing company. Envision filed for bankruptcy last May, citing financial pressure from declining patient numbers and disputes with insurance companies. The company also criticized the implementation of the No Surprises Act, a law aimed at protecting patients from unexpected medical costs.
Envision announced in November that it had emerged from restructuring, reduced its debt by more than 70% and separated itself from its outpatient surgery division.
The company has undergone management changes in recent months. Envision named a new permanent CEO in April after former CEO Jim Rechtin left the company late last year to join Humana.
The physician staffing firm appointed three new executives in September, including chief integration officer, chief human resources officer and chief strategy officer.
before working at Chenmed, bluff Served as CFO of a mental health care provider life stance Varian Medical Systems, a manufacturer of health and radiation oncology systems and software, has been acquired by Siemens Healthineers. He also spent 19 years in finance and business roles at Dell, according to an Envision press release.
Mr. Howe, who joined the company in 2020, will remain as a senior advisor to management during the transition period.