Sentara Healthcare names Dennis Matheis next top executive

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Dennis Matheis will take over as president and CEO of Sentara Healthcare on Sept. 1, the built-in not-for-profit well being device introduced Friday.

Matheis, president of Sentara Well being Plans and government vp of Sentara Healthcare since 2018, will be triumphant Howard Kern, who plans to retire by means of the top of the 12 months. Kern has labored at Norfolk, Virginia-based Sentara Healthcare for greater than 40 years.

“Dennis is constantly innovating and fascinated about tactics to extend get entry to to high quality care, succeed in higher luck and results, and increase new products and services to enhance each and every affected person's and member's particular person enjoy with well being and wellness products and services,” Allan Parrott, chair of Sentara Healthcare's board, mentioned in a information unencumber.

Previous to becoming a member of Sentara Healthcare, Matheis used to be a senior vp on the insurer Anthem and president of its central area and exchanges. He in the past labored for Anthem Blue Move and Blue Protect of Missouri, Cigna, Humana and Recommend Well being Care.

Sentara Healthcare, which operates 12 hospitals in Virginia and North Carolina and a well being plan, noticed its working source of revenue building up in 2021 regardless of a 12% soar in exertions prices.

The corporate reported $733.7 million in working source of revenue on $10.26 billion of working income in 2021, up from $547.1 million and $8.86 billion, respectively, in 2020. The well being device benefited from a 20% building up in top rate and capitation income over that span.

Sentara Healthcare had deliberate to merge with Cone Well being, a five-hospital not-for-profit device founded in Greensboro, North Carolina, however that deal fell via in June 2021.