After four difficult years trying to integrate a complex merger, David Campbell said last week that he was stepping aside as president and chief executive officer of eight-hospital St. Vincent Catholic Medical Centers in New York.
Campbell, 57, who declined a request for an interview, will continue in his position until early January, when the board plans to put an interim management team in place, officials said. "I look forward to working with the interim CEO and management team to assure a smooth transition," Campbell said in a written statement.
St. Vincent spokesman Michael Fagan would not say whether Campbell's departure was initiated by Campbell or the system.
The far-reaching Roman Catholic system, which was created in 2000, has perennially struggled toward profitability. This year, it is facing a $30 million projected loss on revenue in excess of $1.5 billion, Fagan said.
Last fall the board announced some new strategic plans and restructuring initiatives that include major reconfigurations at three hospitals in Queens and one in Brooklyn. Officials hope to "transition" sponsorship of St. Joseph's Hospital in Queens to another healthcare organization and to work collaboratively with other organizations to find new ways of doing business, Fagan said.
"The old way of hospitals vying for a limited number of patients isn't working any more," Fagan said. "Basically what we need to do is stem the operating losses in the Queens and Brooklyn divisions."
Despite the dismal financial outlook-some of it a result of the Sept. 11, 2001, attack on the World Trade Center-St. Vincent officials credited Campbell with several achievements, including the acquisition of St. Vincent's Midtown, formerly St. Clare's Hospital, and cost savings through administrative and real estate consolidation.
Campbell arrived at St. Vincent from another financially troubled organization, eight-hospital Detroit Medical Center. He joined DMC as chief operating officer in 1988 and became president and CEO in 1990. At the time of his departure in 1999, management of DMC had been turned over to the turnaround firm the Hunter Group. Before his stint in Detroit, Campbell worked for the system that ran Allegheny General Hospital in Pittsburgh, although Fagan could not verify details of his employment there.