Today's top story is Bon Secours Health System is the second member owner to invest in the for-profit organization Innovation Institute.
On October 24, 2013 in a joint press release, Bon Secours Health System and The Innovation Institute announced that Bon Secours Health System is now the second member owner of the Innovation Institute.
The founding member is St. Joseph Health in Orange County California.
The Innovation Institute is a healthcare provider of innovation solutions, business process services and investment management services to hospitals and health systems.
According to Rich Statuto CEO of Bon Secours Health System, "When we reviewed the (Innovation Institute) business model, it became clear that our health system could benefit immensely from the valuable resources that The Institute offers.
As member owners, our healthcare system and our patients will benefit from shared research and development of new products and services."
The Innovation Institute is structured to be owned exclusively by seven founding non-profit organizations supported by three self-sustaining primary business units:
(i) the Innovation Lab, an incubator for new, disruptive breakthrough solutions. The Innovation Lab is in alliance with Cleveland Clinic Innovations;
(ii) the Enterprise Development Group, a group of shared services offering high-quality, cost-effective solutions; and,
(iii) the Growth Fund, a portfolio of investments in emerging businesses and assets.
According to The Innovation Institute CEO Joe Randolph, "We have set out to fundamentally alter the way hospitals think about their business assets and strategic relationships.
We are pleased that Bon Secours Health System has joined us in this unique endeavor focused on progressive health."
Yes, innovation is one of the values of Bon Secours...and now, it is a way of doing business.
Innovator Bon Secours Health System, partnering with The Innovation Institute to move healthcare forward.
Looks like a good fit to me.
In other news, the Bon Secours Surgical Weight Loss Center in the Hampton Roads area has been recognized by the Surgical Review Corporation, as a Bariatric Surgery Center of Excellence.
Bon Secours Surgical Weight Loss Center is part of the Bon Secours DePaul Medical Center in the Hampton Roads area of Virginia.
In addition to receiving this great news for the Center, we also learned that Bon Secours Surgical Weight Loss Center physician Elizabeth Salzberg achieved the prestigious designation of Surgeon of Excellence in Metabolic and Bariatric Surgery.
According to CEO John Barrett, "Earning the Center of Excellence designation signifies our ability to consistently deliver the safest, highest quality care to bariatric surgery patients."
Surgical Review Corporation is an organization dedicated to pursuing surgical excellence.
They formulate and establish rigorous standards.
They evaluate each candidate for designation.
And they approve designation for those physicians and facilities whose practices and outcomes meet their rigorous standards.
Please join us in congratulating Bon Secours Surgical Weight Loss Center for this prestigious recognition.
Finally, Bon Secours Charity Health System has a new CEO.
Mary Leahy, MD has been appointed the new Chief Executive Officer.
The announcement was made on October 11, 2013 by Mark Nantz, Ministry Leader for Bon Secours Charity and Sr. Anne Lutz, EVP for Sponsorship at Bon Secours Health System, Inc.
Dr. Leahy has been serving as interim CEO at Charity where she demonstrated her keen leadership abilities.
In a recent web article, Dr. Leahy is quoted as saying, "I'm doing this for my patients and the community. My patients keep me connected"
Dr. Leahy places a high value on our communities, our physicians and our employees.
She has a deep and abiding understanding of what sets Bon Secours apart as a ministry and how we will enter the future with purpose and prosperity through good planning and hard work.
Please join in congratulating Dr. Mary Leahy, MD as the new CEO for Bon Secours Charity Health System.
Well, that's it for this week. Stay tuned to this portal for future up to the minute information on these and other stories on BSN Headline News. I'm Dave Schlachter. Thanks for joining us.