Providence Health & Services, headquartered in Renton, Washington, is one of the largest health care systems in the United States. It operates across multiple states, providing a comprehensive range of health care services. With a mission to provide compassionate care and a commitment to serving all, especially those who are poor and vulnerable, Providence strives to improve the health of the communities it serves.

Services and Solutions

Providence Health & Services offers a wide array of health care services designed to meet the diverse needs of patients. Key service areas include:

• Primary and Specialty Care: Comprehensive health services from general practitioners and specialists.
• Emergency and Urgent Care: Immediate care for urgent health issues.
• Hospital Services: Full-service hospitals providing inpatient and outpatient care.
• Mental Health Services: Comprehensive mental health support and counseling.
• Rehabilitation Services: Physical, occupational, and speech therapy to aid recovery.

Actuarial Opportunities

Providence Health & Services offers various opportunities for actuaries within its health plan and financial services divisions. Actuaries play a crucial role in financial forecasting, risk assessment, and strategic planning. Key areas where actuaries contribute include:

• Product Pricing: Developing competitive pricing strategies for health insurance plans.
• Risk Management: Analyzing and managing risks associated with health services and insurance products.
• Data Analysis and Modeling: Utilizing advanced data analytics to forecast financial outcomes and support decision-making.
• Financial Reporting and Compliance: Ensuring adherence to regulatory requirements and maintaining accurate actuarial documentation.
• Research and Development: Investigating market trends and emerging health risks to enhance Providence’s service offerings.

Employee Benefits and Compensation

Providence is dedicated to attracting and retaining top talent by offering competitive compensation and a comprehensive benefits package. Key benefits include:

• Health and Wellness: Comprehensive health insurance plans, including medical, dental, and vision coverage. Wellness programs support employee health and well-being.
• Retirement and Savings: A 401(k) plan with employer matching and discretionary contributions based on hours worked.
• Work-Life Balance: Generous paid time off, including vacation, holidays, and personal leave, as well as parental and elder care support.
• Professional Development: Opportunities for career advancement through tuition assistance, professional development programs, and partnerships with educational institutions.
• Additional Benefits: Flexible spending accounts, life and disability insurance, employee assistance programs, and various voluntary benefits such as pet insurance, legal insurance, and more.

Business Divisions

Providence operates through several key business divisions, each specializing in different areas of health care:

• Primary and Specialty Care: Comprehensive health services across various specialties.
• Hospital Services: Providing a wide range of inpatient and outpatient services.
• Mental Health Services: Offering extensive support for mental health needs.
• Rehabilitation Services: Facilitating recovery through physical, occupational, and speech therapy.

Summary

Providence Health & Services is a leader in providing compassionate and innovative health care solutions. With a strong presence across multiple states, Providence offers comprehensive health services and a supportive work environment, making it an attractive employer for actuaries and other health care professionals. Actuarial professionals looking for opportunities at Providence can expect a dynamic workplace that values innovation, professional development, and employee well-being.