May 10, 2018 | FAH Policy Blog Team
Category: FAH News
Modern Healthcare’s most recent edition recognized the Top 25 COOs in Health Care 2018 and included on the list are two leaders at FAH member companies.
Sam Hazen, the President and Chief Operating Officer at HCA Healthcare, and Kent Wallace, Executive Vice President and Chief Operating Officer at Kindred Healthcare, were honored by the magazine.
As the article about the list states, “the COO needs a diverse set of skills that encompasses clinical, operating, financial and logistical know-how. And as vertical integration becomes increasingly popular, the COO carries the heavy load of centralizing operations and standardizing practices while maintaining work culture and philosophy.”
Editors adding that the 25 leaders on the list “deftly maneuvered their organizations through the frenetic pace of change facing the industry.”
In describing Hazen Modern Healthcare wrote:
“Hazen serves as a president and COO of HCA Healthcare. He oversees operations that include 171 hospitals, 118 ambulatory surgery centers, and numerous outpatient facilities and physician practices across 42 domestic markets and in the United Kingdom. A 35-year veteran of HCA, Hazen has served in various senior positions such as president of operations from 2011 to 2015. He also served as president of HCA's Western Group, which included all operations west of the Mississippi River and represented about half of the company's revenue. He was named COO in 2015 and added the president title a year later. HCA in March signed a letter of intent to acquire six-hospital Mission Health, based in Asheville, N.C.”
The magazine touted Kent Wallace’s varied experiences:
“Wallace has served as executive vice president and COO at Kindred since February 2015. Kindred reported $6 billion in revenue in 2017. The post-acute provider operates nearly 2,700 facilities--long-term care, rehabilitation, home health and more--in 46 states. Previously, Wallace was CEO of RegionalCare Hospital Partners, a Brentwood, Tenn.-based operator of community hospitals, for almost eight years. He also served as president and COO of Vanguard Health Systems, where he helped develop the company's integrated-care market strategy, and held leadership roles at Province Healthcare Co., Tenet Healthcare Corp. and HCA Holdings. Humana and private equity firms TPG Capital and Welsh, Carson, Anderson & Stow have proposed a $4.1 billion acquisition of Kindred.”
You can view Modern Healthcare’s Top 25 COOs list here. Congratulations to all of this years honorees.