In November 2014, Vanderbilt’s Board of Trust directed the university’s senior leadership to reconfigure the academic medical center as a nonprofit that is financially distinct from Vanderbilt University.
The independent board’s initial task is to begin planning for VUMC to operate as a separate entity. The governing board will oversee the medical center once it is has completed a full financial and administrative transformation from the university.
Jeff Balser, MD, who currently serves as vice chancellor for health affairs, will become president and CEO of VUMC and will continue as dean of Vanderbilt University School of Medicine. Chancellor Nicholas S. Zeppos will also serve on the VUMC governing board. They are joined by nine others with experience in health system management, biomedical research, technology development and transfer, law and banking. Four of the nine, including Mr. Zeppos, are current members of the Vanderbilt University Board of Trust.
More articles on leadership and management:
Why North Shore-LIJ is changing its name after 18 years
8 questions with Lynn Nicholas, CEO of Massachusetts Hospital Association
4 ways the role of hospital associations is evolving
At Becker's 4th Annual CEO + CFO Roundtable, taking place November 2–5 in Chicago, more than 1,500 hospital and health system executives tackle decisions that determine whether organizations thrive or merely survive: protecting margins under cost pressure, choosing where to grow, renegotiating payer relationships, stabilizing the workforce and proving real ROI on technology. This is where leaders work through them together, face-to-face. Apply for complimentary registration now.