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Name: Tom Cowhey
Previous title: Executive and financial director, CVS Health
New title: CFO, Athenahealth
Tom Cowhey
Permission granted by Athenahealth
Cowhey will take on the post of finance chief on June 9, the computer health firm and the electronic health seller announced on Tuesday.
He replaces John Hofmann, the previous financial director of Athenahealth who joined in 2022. Hofmann resigned at the end of last year, and the Computer Computer of Health worked by an interim finance leader while he was carrying out a search for his successor, said a spokesman for Healthcare Dive.
Cowhey joins Athenahealth of the CVS health care giant, where he has been permanent financial director since the start of last year. In April, CVS appointed a new financial chief, Brian Newman, who assumed the role later this month.
Cowhey also worked as a financial director with the ambulatory partners of the surgical care company and held management positions at the Aetna insurer before being acquired by CVS.
The departure of Cowhey from CVS followed a series of leadership changes in the health care giant while the company managed a difficult financial environment. The company’s profits were reduced to half of last year while its AETNA insurance arm fought against the high medical costs that drew its results.
However, CVS was gaining momentum in the first quarter, declaring a 60% increase in net profit from one year to the next and beating investors’ expectations concerning profits and income. CVS also said that it would cease to offer health plans on the exchange of the Act respecting affordable care next year, in order to focus attention to other sectors of activity.
