Thursday, March 31, 2011

Grady CEO steps down

Posted By on Thu, Mar 31, 2011 at 9:15 AM

Michael Young, the executive largely credited with turning around the safety-net hospital, stepped down from his post today.

UPDATE, 1:10 p.m.: Via Grady's communications team:

Grady Health System announced today the resignation of President and CEO Michael A. Young. Young has served as Grady's CEO for 30 months and will be leaving the health system in June. Grady will begin a national search to fill his position immediately.

"Mike's decision to leave is disappointing but the community support, committed board and talented executive team that brought extraordinary change to Grady are still here," said Grady Board Chair A.D. "Pete" Correll. "I am confident our talented team can keep Grady on its remarkable trajectory while we search the country for a new leader."

Over the past several years, Grady has achieved an operational turnaround of more than $75 million, while providing an additional $42 million in indigent care. The Greater Grady Capital Campaign has helped raise more than $300 million for facility improvements and new equipment. The improvements have resulted in decreased wait times, increased patient satisfaction and dozens of new and/or enhanced services, including the new Marcus Stroke and Neuroscience Center.

According to the Atlanta Business Chronicle's Urvaksh Karkaria, Young is taking a job at a Pennsylvania health system to be closer to his family.

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