HCA Healthcare Promotes Michael R. McAlevey to Executive Vice President – Chief Legal and Administrative Officer, Realigns Senior Leadership Team

Rhea-AI Summary

HCA Healthcare, Inc. announces key leadership promotions and organizational changes to drive growth and enhance strategic initiatives. Michael R. McAlevey promoted to executive vice president, overseeing legal, administrative, and marketing functions. Senior leadership realignment aims to improve network integration and care transformation.

Positive

• Promotion of Michael R. McAlevey to executive vice president - chief legal and administrative officer.
• Consolidation of enterprise risk and external affairs under McAlevey's expanded role.
• Reporting changes among senior leadership team to enhance network integration and growth.
• Enhanced focus on care transformation and innovation through realignment of key strategies.
• Integration of revenue cycle operations under executive vice president and chief financial officer.

Negative

• None.

NASHVILLE, Tenn.--(BUSINESS WIRE)-- HCA Healthcare, Inc. (NYSE:HCA), one of the nation’s leading healthcare providers, today announced that Michael R. McAlevey, senior vice president and chief legal officer, will be promoted to executive vice president – chief legal and administrative officer.

Michael R. McAlevey (Photo: Business Wire)

McAlevey joined HCA Healthcare in 2022 from General Electric Company. In his expanded role, McAlevey will oversee a newly consolidated organization to manage enterprise risk and external affairs. In addition to the legal department he currently oversees, he will assume responsibility for marketing and corporate affairs, government relations, development, ethics and compliance and information protection and security.

In addition, HCA Healthcare announced the following reporting changes among its senior leadership team:

• HCA Healthcare’s three operating groups will report directly to Jon Foster, executive vice president and chief operating officer. This change is expected to facilitate network integration and growth through enhanced coordination of planning, consistent operational support and faster deployment of best practices across the company’s operating units.
• Chad Wasserman, senior vice president and chief information officer, and Dr. Mike Schlosser, senior vice president of care transformation and innovation, will report directly to Sam Hazen, chief executive officer. This move is expected to enhance focus and alignment around one of HCA Healthcare’s key strategies to transform care models through data-driven insights and technology-supported tools.
• Mike Marks, who was recently named executive vice president and chief financial officer, will assume responsibilities for all areas (except Information Technology) that currently report to the CFO position on May 1, 2024. Additionally, payer contracting and alignment will report to him. This structure fully integrates revenue cycle operations for the company.

“These changes are part of our ongoing endeavor to streamline efforts and align organizationally around key strategic initiatives,” said Hazen. “We will continue to maintain an efficient and transparent organizational process underneath this new structure that allows us to conduct the company’s business consistent with our past practices.”

Unless otherwise noted, these changes will be effective April 1, 2024.

About HCA Healthcare

Nashville-based HCA Healthcare is one of the nation’s leading providers of healthcare services comprising 186 hospitals and approximately 2,400 ambulatory sites of care, including surgery centers, freestanding ERs, urgent care centers, and physician clinics, in 20 states and the United Kingdom. With its founding in 1968, HCA Healthcare created a new model for hospital care in the United States, using combined resources to strengthen hospitals, deliver patient-focused care and improve the practice of medicine. HCA Healthcare has conducted a number of clinical studies, including one that demonstrated that full-term delivery is healthier than early elective delivery of babies and another that identified a clinical protocol that can reduce bloodstream infections in ICU patients by 44%. HCA Healthcare is a learning health system that uses its more than 43 million annual patient encounters to advance science, improve patient care and save lives.

All references to “Company,” “HCA” and “HCA Healthcare” as used throughout this document refer to HCA Healthcare, Inc. and its affiliates.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240213465034/en/

INVESTOR CONTACT:

Frank Morgan

615-344-2688



MEDIA CONTACT:

Harlow Sumerford

615-344-1851

Source: HCA Healthcare

FAQ

Who is being promoted to executive vice president at HCA Healthcare?

Michael R. McAlevey is being promoted to executive vice president - chief legal and administrative officer at HCA Healthcare.

What changes are expected with the reporting structure at HCA Healthcare?

Reporting changes among the senior leadership team are expected to enhance network integration and growth.

When will the new reporting changes at HCA Healthcare be effective?

The new reporting changes at HCA Healthcare will be effective on April 1, 2024.

What key functions will Michael R. McAlevey oversee in his expanded role?

Michael R. McAlevey will oversee legal, administrative, marketing, corporate affairs, government relations, development, ethics and compliance, and information protection and security functions.

Who will Chad Wasserman and Dr. Mike Schlosser report to at HCA Healthcare?

Chad Wasserman and Dr. Mike Schlosser will report directly to Sam Hazen, the chief executive officer at HCA Healthcare.