The board of Cook County (Ill.) Health and Hospitals System found its new chief executive officer in William Foley, a managing director for Huron Consulting Group.
Foley, 58, is set to take over the three Chicago-area hospitals and network of community health clinics from interim CEO David Small on May 4, roughly a year after county officials ceded control of the struggling system to an independent panel in response to criticism for financial mismanagement and staff and service cuts forced by a budget crisis. The health system accounts for about a third of the county's $3 billion budget.
Foley previously worked in the Chicago area as president and CEO of six-hospital Provena Health, Mokena, Ill., from 2001 to 2006, and for the past two years, as a consultant, has been interim CEO at 136-bed Natividad Medical Center in Salinas, Calif., where he is credited with a $35 million turnaround. Cook County will pay him an annual salary of $500,000 with the possibility of earning a 10% bonus.