Grady Memorial Hospital Corp., Atlanta, named Michael Young its new chief executive officer, effective within 60 days.
Young, 52, is the current CEO of the 406-bed Erie County Medical Center Corp., Buffalo, N.Y. He served previously as president and CEO of the 564-bed Lancaster (Pa.) General Hospital and Health System and also as vice president of operations for Shadyside Hospital, part of the University of Pittsburgh Medical Center. He holds a masters degree in health administration and a bachelors degree in biology from the University of Pittsburgh and is a fellow at the American College of Healthcare Executives.
Grady Memorial said Youngs experience in turning around financially troubled facilities will help make the cash-strapped hospital strong again. Under Youngs management, Erie County Medical Center posted a $17 million operating profit last year, following years of losing millions, according to Grady officials.
Erie County and nearby 1,134-bed Kaleida Health will be merging under a unified governance agreement that allows both systems to retain separate income statements and balance sheets while being governed by the Western New York Healthcare System, an organization established by the Commission on Health Care Facilities in the 21st Century as it seeks to overhaul and streamline the states health system.
Young replaces Pamela Stephenson, who was serving as interim CEO. Gradys former CEO, Otis Story, who was replaced earlier this year, is currently suing the hospital for back pay. -- by Jean DerGurahian