PACS Group Adds Former CMS Chief Dr. Patrick Conway to Board
Event summary
- PACS Group appointed Dr. Patrick Conway, MD, MSc to its Board of Directors effective March 5, 2026.
- Dr. Conway currently serves as CEO of Optum, the health services division of UnitedHealth Group with $200B+ revenue.
- He previously led Medicare and Medicaid payment reform at CMS, expanding value-based care models from 0% to 30% of payments.
- PACS operates 320 post-acute facilities across 17 states with $5.29B in 2025 revenue (29.3% YoY growth).
The big picture
This appointment represents an unprecedented infusion of federal policy expertise into the post-acute sector, coming as CMS continues pushing value-based models. With $5.29B in revenue and industry-leading star ratings, PACS gains a board member who architected many of the reimbursement frameworks now governing its business. The move signals intensified focus on regulatory positioning amid shifting payment paradigms.
What we're watching
- Regulatory Advantage
- How Dr. Conway's CMS experience will shape PACS' navigation of evolving payment models and quality metrics.
- Strategic Realignment
- Whether his Optum perspective accelerates PACS' integration with broader healthcare continuum players.
- Operational Scaling
- The pace at which PACS can operationalize value-based care innovations under Conway's guidance.
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