Word: caregroup
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Levy, who served as the executive dean for administration at HMS and oversaw Harvard’s relations with its teaching hospitals, revealed on Monday—his first day in his new post—that the hospital’s parent company CareGroup had considered selling Beth Israel Deaconess to a for-profit health care corporation, a move likely to cause Harvard to reconsider its affiliation with the hospital...
...search for a new CEO at BIDMC is a top priority, Levy said. There is no search ongoing for a new CEO of CareGroup, and it will be up to the new head of BIDMC whether to appoint a president as deputy...
...fiscal viability of BIDMC and CareGroup are of prime importance to Harvard Medical School (HMS), which trains 20 percent of its students at the flagship hospitals...
James Reinertsen resigned as CEO of both BIDMC and CareGroup, the umbrella organization of which BIDMC is the largest member, in late July. His resignation came as financial losses at both BIDMC and CareGroup continued to mount. Reinertsen had slowed but not stopped the hospital group’s losses—in the third quarter CareGroup lost $38.9 million...
Harvard says it has an interest in righting the ship at BIDMC and CareGroup while at the same time protecting the educational mission at the hospitals...