Banner Health has announced the appointment of Michael Butler and Carole T. Faig to its Board of Directors, bringing additional experience in healthcare leadership and finance to the organization.
“The addition of these two exceptional leaders reflects Banner’s ongoing commitment to strong governance by a board inclusive of experts who possess both strategic and financial leadership in healthcare,” said Banner Health Chair Anne Mariucci. “Each brings deep industry experience and demonstrated skills navigating the complicated health environments we’re in today.”
Michael Butler has over 30 years of senior executive experience in the health care industry. He previously led finance, operations, and innovation at Providence Health from 1998 to 2020, helping to establish it as one of the largest health systems in the United States with revenue growth from $2 billion to $25 billion. Butler also led the development of a health plan that now serves more than 1 million members. He is currently founder of Proponent Advisors, a venture firm focused on digital health and sustainability technologies.
Carole T. Faig serves on public and private company boards and is recognized as a leader in the US health industry. She was EY’s US health leader, overseeing strategy for a practice that grew to $600 million under her direction during her 38-year career at EY. As an audit partner, she worked with large integrated health systems, insurers, and biotech firms. Faig is a qualified financial expert under SEC and NYSE rules and currently sits on the board of Henry Schein (HSIC), which is part of the S&P 500.
Banner Health is headquartered in Phoenix, Arizona, and operates as one of the largest nonprofit integrated payer-provider healthcare systems in the country according to its official website. The organization runs 32 acute-care hospitals and more than 400 outpatient locations across six states—Arizona, California, Colorado, Nebraska, Nevada, and Wyoming as detailed on its newsroom site. Banner provides services ranging from rural community hospitals to academic medical centers through its partnership with the University of Arizona. Its insurance plans cover over 1.2 million members through commercial, Medicaid, and Medicare Advantage offerings.
As a nonprofit entity according to its official site, Banner Health delivers community benefits while offering comprehensive care options such as hospitals, outpatient centers, virtual visits and other services. The organization continues to advance innovation through integrated networks and technologies while aiming to simplify healthcare for improved quality of life as stated on its website.
