Otis Story Sr. has been replaced as the president and chief executive officer of the Grady Health System, its board announced.
Pamela Stephenson, chairwoman of the Fulton-DeKalb Hospital Authority, which oversees the Atlanta-based system, has taken over effective Jan. 29.
Story, who was at the helm less than a year, was the financially troubled health systems fifth CEO since 2005. The system, which includes 927-bed Grady Memorial Hospital, recently decided to turn over governing power to a not-for-profit corporation in an effort to raise capital.
Stephenson, an attorney and state representative, has worked on the regulatory side of healthcare but has never managed a major health system. She holds a masters degree in health planning and a doctorate in law, and previously served as executive director of the Georgia State Health Planning Agency.
While some hospital boards have tapped chairs with no hands-on healthcare experience to take over as CEO, others raise concerns that the former board members dont possess the right skills to manage the unique needs of a health system.
The Grady board said in a written statement that Stephenson is perfectly positioned to match the needs of the hospital while it goes through the governance restructuring. -- by Jean DerGurahian