Cleve­land Clinic CEO Cos­grove to step down by year-end

Modern Healthcare - - REGIONAL NEWS - —Maria Castel­lucci

Dr. Toby Cos­grove, the long­time CEO of the Cleve­land Clinic, an­nounced last week he will be step­ping down by the end of this year.

A search for his re­place­ment has be­gun as Cos­grove re­mains at the clinic in an ad­vi­sory role, ac­cord­ing to a news re­lease. The clinic also said his suc­ces­sor will be a prac­tic­ing physi­cian, keep­ing up with the sys­tem’s long history as a physi­cian­led in­sti­tu­tion.

“It is an honor and a priv­i­lege to be a part of an ex­tra­or­di­nary and for­ward-think­ing or­ga­ni­za­tion that puts pa­tients at the cen­ter of ev­ery­thing we do,” Cos­grove said in a state­ment.

Dur­ing his nearly 13 years at the helm, Cos­grove led the pres­ti­gious in­sti­tu­tion through wide­spread ex­pan­sion.

Un­der his lead­er­ship, rev­enue at the clinic grew from $3.7 bil­lion in 2004 to $8.5 bil­lion in 2016. He over­saw growth by es­tab­lish­ing mul­ti­ple new lo­ca­tions na­tion­wide and in­ter­na­tion­ally, in­clud­ing set­ting up ser­vices in Canada and Abu Dhabi.

The num­ber of physi­cian-sci­en­tists nearly dou­bled un­der his lead­er­ship from 1,800 to 3,400. And to­tal vis­its to the clinic in­creased from 2.8 mil­lion to 7.1 mil­lion.

Cos­grove’s ten­ure has also been marred with con­tro­versy, in­clud­ing re­cent for­ays into the po­lit­i­cal world. Cos­grove re­cently re­ceived some back­lash be­cause of his ties to the Trump ad­min­is­tra­tion. He was among prospec­tive Cabi­net picks who met with Pres­i­den­t­elect Don­ald Trump in De­cem­ber about lead­ing the Vet­er­ans Af­fairs Depart­ment.

In Fe­bru­ary, the Cleve­land Clinic re­fused to can­cel a fundraiser at Trump’s re­sort in Florida. After Trump signed an ex­ec­u­tive or­der that banned one of its doc­tors from re-en­ter­ing the U.S., hun­dreds of med­i­cal stu­dents and doc­tors signed a let­ter ask­ing the clinic to can­cel the fundraiser.

Cos­grove

Newspapers in English

Newspapers from USA

© PressReader. All rights reserved.