Providence has announced that it wants to sell its health plan, signaling its desire to exit the “payvider” club. Being a payvider — an organization that both provides healthcare services and operates an insurance plan — has long been hailed as a key way for health systems to control costs. But it’s turning out that the financial benefits are difficult to capture for smaller, regional plans facing rising medical and drug costs, higher utilization and the capital demands of modernizing technology. The Renton, Washington-based nonprofit health system said its decision to shed the plan was shaped by increasing costs, market pressures and the complexity of running an insurance business alongside its hospitals and clinics.
Read the full article: Why Providence Wants to Sell Its Health Plan //
Source: https://medcitynews.com/2026/03/providence-health-plan/