Providence and Premier, Inc. join CommonSpirit to support the development of the healthcare workforce
Phoenix, AZ. November 9, 2022- Leading healthcare organizations are partnering with OpusVi, a CommonSpirit Health company, to support the national workforce challenges by investing in their most important asset, their people. Providence, a not-for-profit health system serving the Western U.S., and Premier Inc., a healthcare improvement and technology company with an alliance of more than 4,400 U.S. health systems and 250,000 providers and other organizations, will partner with OpusVi to bring its solutions to hundreds of thousands of healthcare professionals nationwide.
A 2022 NSI National Health Care Retention & RN Staffing Report found that more than one in four (25.9%) hospital and staff RNs have switched employers or exited the bedside in 2021, an increase of 6.4%. Approximately ⅓ of all new hires left within their first year.
Dr. Sylvain Trepanier
Chief Nursing Officer of Providence
Even prior to the COVID-19 pandemic, the healthcare industry was facing workforce challenges. Our partnership with OpusVi is helping to support caregivers at our family of organizations through quality education and development so that we can be part of the solution. Investing in professional development for the nation’s caregivers will assist us in stabilizing the workforce.
Leigh Anderson
President of Performance Service at Premier
Employee turnover has been a significant factor in increased hospital costs, and our own research shows that providers today are spending $24 billion more per year than they were in 2020 to attract and retain clinical talent. Our partnership and investment in OpusVi aligns with our mission to improve the health of communities, with an eye toward solutions that improve the quality and cost-effectiveness of healthcare.
Andrew Malley
CEO of OpusVi
We are thrilled to now have two of the top three not-for-profit health systems, as well as one of the largest healthcare group purchasing organizations in America, as partners and investors. Today is an incredible milestone in our journey to become the preeminent workforce development platform for the healthcare sector. With our shareholder expertise and involvement, alongside our world-class digital platform, OpusVi will offer more healthcare organizations expert-driven education with best-in-class delivery, supported by an increasing amount of data, assessment, and reporting. We are also driving a more sustainable, high-quality model for ed-tech where product and experience take precedence over marketing, and the trust of our new partners bears that out.
OpusVi’s learning solutions support healthcare organizations in retaining, upskilling, and reskilling their workforce. OpusVi partners with leading academic institutions such as Duke CE, Thunderbird School of Global Management at Arizona State University, and the Pepperdine Graziadio Business School, as well as top industry experts such as CEOs, CNOs, and CFOs to develop degree and certificate programs specifically for healthcare professionals, alongside fully customized education solutions for healthcare groups. Most recently, OpusVi launched the country’s largest and most comprehensive nursing residency program across 21 states with CommonSpirit Health to address national high attrition rates among first-year nurses.
OpusVi was established in 2019 as a joint venture between CommonSpirit Health, one of the nation’s largest health systems with 150,000 employees, and Global University Systems, a worldwide education network with over 70,000 students. The investment by Providence and Premier will expand OpusVi’s impact and help re-engineer how education gets delivered across the country.