Gwen MacKenzie, Ascension's market executive in Michigan will leave her role on April 30.
The largest Catholic health system in the country plans to reduce its hospital footprint and reshuffle its leadership structure as it looks to grow its billing, investment and other ancillary businesses.
Ascension is the latest hospital to hire a chief digital officer, a role that's distinct from the more purely IT-focused chief information officer.
After closing its fourth fund at $255 million in the fourth quarter of 2016, Ascension Ventures is in full-on investment mode, having invested in six companies so far. The head of Ascension Ventures said he plans to invest in about 20 companies using the fourth fund.
Ascension Health and Providence St. Joseph Health have shelved talks to create the largest hospital network in the nation.
The sale aligns with what Ascension has hinted as its new strategic direction, which includes owning fewer hospitals while looking for partners who provide care in other settings.
The new executive, who will join the St. Louis-based system from a major publicly traded technology company, signals Ascension's increasing investment in its digital platform.
The board of the nation's largest Catholic health system has unanimously endorsed Ascension's new "advanced strategic direction," Ascension CEO Anthony Tersigni told his employees in a video obtained by Modern Healthcare.
Ascension Health in Michigan is nearly complete with its employee layoffs and management restructuring as it has laid off 500 workers, including 20 executives or managers, at its 14 hospitals in Michigan.
Outside of small contracts, R1 RCM hasn't announced major revenue-cycle clients it didn't already have ties with since its 2011 partnership with Intermountain Healthcare. Investors will closely watch Friday's financial release for signs the company, formerly Accretive Health, is on the rebound.
Layoffs at Ascension Health hospitals in Michigan have intensified this week and spread to more of the company's 14 hospitals in Michigan, according to employees, nurses and doctors.
Ascension saw its operating margin squeezed during the latter half of 2017 as a result of slumping admissions and revenue lost from divestitures. At the same time, the system has managed to draw more revenue per discharge.