Dr. Larry Kaiser is stepping down from his operate as president and chief authorities officer of Temple University Health System.
Kaiser will resign at the end of the 12 months after spending better than eight years inside the operate, Temple officers launched on Tuesday.
Since taking the helm in 2011, Kaiser has led quite a few organizational changes, along with the expansion of its medical school to Lehigh Valley, establishing a neighborhood of ambulatory care amenities and recruiting superior medical practitioners.
Earlier this 12 months, the nicely-being system launched its funds had been once more inside the black, citing elevated state funding, inhabitants well-being revenues and reductions in employee revenue and insurance coverage protection costs, consistent with the Philadelphia Business Journal. The system had budgeted a $23.6 million loss for the first 9 months of the fiscal 12 months, nonetheless as another netted $5.6 million.
Temple presently is finalizing the sale of the Fox Chase Cancer Center, which it purchased once more in 2012, to Jefferson Health. The sale moreover consists of Temple’s stake in Health Partners Plans, a Philadelphia-based managed care well-being insurer.
Kaiser talked about Temple Health’s restructuring efforts had been “well on the way to completion,” making it the very best time for him to step away. He will keep until the highest of the 12 months to ensure a straightforward transition, officers talked about.
“I feel that we are on a solid path going forward and that the time is right for me to move aside and allow new leadership to take the helm,” Kaiser talked about in a press launch. “It is difficult to leave a place where I have invested so much of my passion, energy, and enthusiasm, but I think it is important for Temple to allow new leadership to step in and guide the restructured enterprise into its next chapter.”
Earlier this 12 months, Kaiser was named actually one in all Modern Healthcare’s 50 most influential scientific executives. The publication praised him for spearheading organizational changes that included the elimination of some administrative roles and for pursuing value-based contracts with well-being insurers, along with Aetna.
Many of Temple’s victims use Medicaid, which usually affords lower reimbursement expenses than private insurers.
Temple President Richard M. Englert praised Kaiser for aggressively attacking Temple Health’s “monumental challenges,” along with its twin operate in serving as a whole tutorial medical coronary heart and as a safety net for residents in North Philadelphia.
“Only someone of Larry’s vision and drive could have provided the leadership necessary for the organization to excel at every level and the health system today has emerged in a far stronger and more stable position than at any time in recent memory,” Englert talked about in a press launch.
Kaiser can be stepping away from his roles as the dean of Temple’s Lewis Katz School of Medicine and as senior authorities VP for well-being sciences.
Beginning Sept. 30, Chief Restructuring Officer Stuart McLean will serve as showing CEO of the nicely-being system, the school launched. Additionally, Emeritus Dean John M. Daly will serve as the medical school’s interim dean.
A thoracic surgeon by teaching, Kaiser is a former president of the University of Texas Health Science Center in Houston. He moreover held quite a few positions with the University of Pennsylvania’s nicely-being system.