Bracken Named New Board Chairman at HCA
HCA has named Richard M. Bracken as the new chairman of HCA's board of directors, effective Dec. 15. He will replace Jack O. Bovender, Jr., 64, who will retire from the company on the same day.
In addition, R. Milton Johnson, HCA's CFO/executive vice president, was elected to the board of directors, also effective Dec. 15.
"Richard has been an invaluable asset to HCA, and his years in both hospital management and executive leadership with the company provide him with a keen understanding of strategic operations and an appreciation for its culture," Bovender says. "I could not envision a better successor or a more qualified guardian of our company's legacy."
Bracken, 57, has served as president/CEO of HCA since Jan. 1, and has served as a director of the company since 2002. He was president/COO from January 2002 to January 2009. Bracken has been a member of HCA's executive leadership for most of his career.
Johnson, 52, has served 27 years with the company, holding positions as head of HCA's Tax Department and as controller, before being named CFO/executive vice president in July 2004.
HCA, the largest privately owned hospital company in the nation, and its affiliates operate 163 hospitals and 105 ambulatory surgery centers in 20 states and England.
John Commins is a senior editor with HealthLeaders Media.
- As Medicare Advantage Cuts Loom, Disagreement Over Program's Stability
- Medicare Advantage Carriers See 'No Choice' But to Accept Cuts
- Centralizing the Revenue Cycle Protects the Bottom Line
- CA Fines 8 Hospitals for Medical Errors
- Physicians to Appeal 'Docs v. Glocks' Ruling in FL
- Doctors Feel Pressure to Accept Risk-based Reimbursement
- Surgical Checklists Unused in 10% of Hospitals, CMS Data Shows
- Employers Weigh Risks, Benefits of Private Exchanges
- A Fresh Look at End-of-Life Care
- 3 Management Lessons from a Supermarket Debacle