Risant Health named Bryce Bach, partner at Oliver Wyman, as the company's CFO.
Risant was formed by Oakland, Calif.-based Kaiser Foundation Hospitals last year as a nonprofit organization focused on value-based care. The organization includes Kaiser Permanente and Danville, Pa.-based Geisinger, with plans to acquire Greensboro, N.C.-based Cone Health as well.
Mr. Bach has been the interim CFO for Risant since May, and began working with the organization in 2022 while at Oliver Wyman. As the permanent CFO, he will be responsible for financial operations and performance of the system, as well as evaluating new ventures and acquisitions.
"Bryce's breadth of expertise, along with his demonstrated leadership, will help us advance Risant Health's vision to expand and accelerate the adoption of value-based care in diverse, multipayer, multiprovider, community-based health system environments and improve the health of millions of people in communities across the country," said Jaewon Ryu, MD, JD, CEO for Risant Health, in a news release.
Mr. Bach will assume his permanent CFO role in August.
While at Oliver Wyman, Mr. Bach worked with several health systems and healthcare organizations to realize growth. He facilitated a leadership redesign for an academic medical center and helped a major health plan develop a value-based care market transition strategy. He also worked with a national health system to examine 20 markets and achieve more than $100 million of capital for internal acquisitions.