Strauss step­ping down as Summa Health CEO

Modern Healthcare - - NEWS MAKERS -

Who: Tom Strauss, 61 Cur­rent role: CEO of Summa Health, Akron, Ohio, a post he’s held for the past 15 years at the hos­pi­tal sys­tem. He will re­tire at the end of the year, but plans to hold a part-time lead­er­ship role with the Summa Foun­da­tion.

On Summa’s new­est part­ner­ship: Last year, Summa agreed to a deal with Catholic Health Part­ners, Cincin­nati, now called Mercy Health. Mercy took a 30% stake in Summa and agreed to in­vest $250 mil­lion. “We went through a very deliberate process in July 2012 to look for a mi­nor­ity in­vest­ment. We found one through Catholic Health Part­ners … that re­ally al­lows us to have a part­ner to share in a mis­sion, vi­sion and val­ues, in­vest se­ri­ous dol­lars on our bal­ance sheet and be­lieve in the same view of health­care for the future.” On Summa’s ACO: Its New Health Col­lab­o­ra­tive, an ACO with more than 400 physi­cians and 80,000 cov­ered lives, was cre­ated in 2011. “We’re start­ing to see re­ally strong per­for­mance and de­creas­ing the cost of care. Build­ing that in­fra­struc­ture at a time when we’re still get­ting paid feefor-ser­vice is a big pos­i­tive.”

Ad­vice to younger health­care ex­ecs: “The days of be­ing able to stay in the old fee-for-ser­vice world are over. A true move to pop­u­la­tion health, even though we get paid un­der fee-forser­vice, is the only way of the future. If you stay un­der fee-for-ser­vice, it’ll be death by a thou­sand cuts.”

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