HCA Announces Management Shakeup, Subsidiary
Nashville-based HCA announced on Friday an immediate "internal reorganization" that the nation's largest for-profit hospital chain said will "better align the company's structure with the future dynamics of the healthcare industry."
The changes include: the creation of a new subsidiary that will provide business services to other healthcare companies; a new structuring of provider operations; and integration of clinical quality performance with physician practice services, HCA said.
"Emerging changes in healthcare require us to take a new approach to many aspects of how we deliver care," said Richard M. Bracken, chairman/CEO of HCA. "Our refined structure is intended to better position HCA to take advantage of this evolution. In addition, we are excited about our plan to offer certain of HCA's industry-leading practices to other healthcare concerns."
Under the reorganization:
- R. Milton Johnson has been named president of HCA, while retaining his title and responsibilities as CFO. Johnson has been with HCA for nearly 30 years and was elected to the board of directors in 2009.
- Beverly B. Wallace, who most recently was president of HCA's Shared Services Group, becomes president of a new wholly-owned subsidiary that will provide revenue cycle, staffing services and supply chain management to other healthcare providers.
The list of management changes continues here.
- CEO Exchange: Preparing for Population Health
- EHR Systems 'Immature, Costly,' AMA Says
- Advocate, NorthShore Deal Would Create 16-Hospital System
- Better HCAHPS Scores Protect Revenue
- Narrow Networks Cut Costs, Not Quality, Economists Say
- 3 Strategies for Retaining Millennial Employees
- 'Early Offer' Malpractice Programs May Spur Reform
- Power of price: In South FL and the nation, healthcare costs often are shrouded in secrecy
- Two NY hospitals to offer free hip and knee replacement surgeries for qualifying patients in December
- Hospital mergers may lead to higher prices