CEO Dr. Kenneth Davis: From Patient to Leader at The Mount Sinai Medical Center
Dr. Davis' affiliation with Mount Sinai dates back to early childhood. At age seven, he received emergency surgery at Mount Sinai. Then, as a young adult, he attended Mount Sinai School of Medicine and received the Harold Elster Memorial Award for highest academic achievement in the medical school's graduating class.
Dr. Davis is a widely recognized leader who has placed Mount Sinai on a strong and dramatic growth trajectory. Prior to his appointment, Mount Sinai was losing millions of dollars per year. Under Dr. Davis' tenure, Mont Sinai experienced five years of improved financial performance and higher accountability. As a result, Moody's Investor Service upgraded the hospital's credit rating to A2 in July 2009. In the same year, the hospital was named as one of the nation's top 20 hospitals by U.S. News & World Report.
Unfortunately, healthcare finances are an industry-wide problem and financing a high-quality level of medical care is still a great challenge for Mount Sinai. "To compensate for enormous reductions in provider payments and research funding, we have piloted unique and cost-saving programs in coordinated care for chronic disease management, and expanded outreach and in-home care services that have successfully reduced hospital readmissions and admissions to our emergency department," says Mr. Davis.
Prior to becoming CEO, Dr. Davis spent 15 years as chair of Mount Sinai's department of psychiatry. He was the first director of many of the institution's research entities. In addition to his current role, Dr. Davis served as dean of Mount Sinai School of Medicine from 2003 to 2007.
More Articles on CEO Profiles:CEO Jim Skogsbergh: Proud to Lead Advocate Health Care
President Megan Perry: Enhancing Business Growth at Sentara Northern Virginia Med Center
CEO Steven Goldstein: Active Leader in the Rochester, N.Y. Hospital Market
© Copyright ASC COMMUNICATIONS 2014. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.
To receive the latest hospital and health system business and legal news and analysis from Becker's Hospital Review, sign-up for the free Becker's Hospital Review E-weekly by clicking here.