Tenet Healthcare Corp. named J. Roger Davis as CEO of its revenue cycle management subsidiary Conifer Health Solutions, the Dallas-based hospital chain announced Tuesday.
Davis replaced Joseph Eazor, who stepped down in August for personal reasons, marking the third leadership change in about a year. Tenet had planned to sell Conifer, but instead decided to pursue a tax-free spinoff that would create an independent, publicly traded company.
"I am excited to work alongside our employees to help shape the company's growth trajectory at this pivotal moment in the life cycle of the spin-off, while building on the strength of our existing client base and working closely with all clients to expand service range and offerings," Davis said in prepared remarks.
Davis was the CEO of Revint Solutions, a revenue integrity business for healthcare providers.
Tenet recorded a net loss from continuing operations attributable to shareholders of $197 million in the quarter ended Sept. 30 as the company treated a wave of COVID-19 patients, down from a $227 million net loss in the prior-year period.
Conifer segment revenues declined 3.3% to $325 million on the quarter, from $336 million in the third quarter of 2019, primarily due to the impact of COVID-19 volume declines as well as hospital divestitures. Year to date, Conifer's revenues declined 7.5% to $962 million.