Toby Cosgrove Stepping Down (CCF news release added)

[Bridget Conant]

News sources reporting that CCF CEO Toby Cosgrove is stepping down.


Toby Cosgrove, M.D., Announces His Decision to Transition from President, CEO Role

Nomination committee to be formed

Monday, May 1, 2017, Cleveland: After nearly 13 years as president and CEO of Cleveland Clinic ­– which has grown into an $8 billion health system with multiple locations in Ohio, Florida, Nevada, Canada, Abu Dhabi, and, in 2020, London – Toby Cosgrove, M.D., announced at a staff meeting today that he has decided to begin a succession process to transition out of the top executive role later this year. The Governance Committee has asked Dr. Cosgrove to continue on in an advisory role.

Over Dr. Cosgrove’s tenure, Cleveland Clinic’s expansion locally, nationally, and internationally has positioned the institution for a strong future as its revenues have grown from $3.7 billion in 2004 to $8.5 billion in 2016. It has become Ohio’s largest employer with over 50,000 caregivers and a global leader in clinical outcomes, patient experience, innovation and wellness, ranking No. 2 in the nation last year by U.S. News & World Report.

“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,” Dr. Cosgrove said. “Cleveland Clinic’s world-class reputation of clinical excellence, innovation, medical education and research was created and will be maintained by the truly dedicated caregivers who work tirelessly to provide the best care to our patients.”

By making leadership development a top priority, Cleveland Clinic has developed a deep, talented pool of physician-leaders who are ready to take on executive roles such as hospital presidents, executive administrative roles, leaders of major initiatives across the enterprise, and more.

“The goal of any leader is to leave an institution better than you found it. Without a doubt, Toby has done that,” said Cleveland Clinic Board of Directors chairman Bob Rich. “Our world-class reputation has only grown over the past 13 years, as he has led Cleveland Clinic through a period of dramatic growth and worldwide expansion.”

His successor will be jointly selected by the Board of Directors and Board of Governors and that process is expected to be concluded in 2017. The Governance Committee has asked Dr. Cosgrove to continue on in an advisory role.

In keeping with its model as a physician-led institution, Cleveland Clinic’s new president and CEO will be a practicing physician.

Before becoming CEO in 2004, Dr. Cosgrove was a cardiac surgeon for nearly 30 years, performing 22,000 operations and earning an international reputation for expertise in valve repair. As president and CEO, Dr. Cosgrove has driven major initiatives that have gained international recognition, created best practices in healthcare, focused on patient outcomes and promoted patient experience.

Cleveland Clinic has grown steadily between 2004 and 2016: the number of physician-scientists has doubled from 1,800 to 3,400; total visits increased from 2.8 million to 7.1 million; research funding grew from $121 million to $260 million; and construction has changed the face of Cleveland Clinic’s main campus, with the addition of the Miller Family Heart & Vascular Institute, the Glickman Urological & Kidney Institute, the Cleveland Clinic Taussig Cancer Center, the Tomsich Pathology & Laboratory Medicine Institute and, currently under construction, a health education campus in collaboration with Case Western Reserve University.

Dr. Cosgrove’s leadership has emphasized patient care and patient experience, including the re-organization of clinical services into a patient-centered model of care designed around organs and diseases rather than doctors. He coined the phrase “Patients First” to be the guiding principle for all caregivers and hired the first Chief Patient Experience Officer to focus on the experiential, physical and emotional aspects of patient care, now a growing norm in hospitals today. Cleveland Clinic is considered one of the country’s “Best Workplaces in Health Care” in Fortune and a “World’s Most Ethical Company” by the Ethisphere Institute.

Dr. Cosgrove has launched major wellness initiatives for patients, employees and communities, including: banning smoking on all Cleveland Clinic campuses; adopting a policy to not hire smokers; offering employees free memberships to Weight Watchers and gyms; ridding the cafeteria of fried foods; opening weekly farmer’s markets in the summer and fall; and creating an employee health insurance program that offers discounts for physical activity or for enrollment in a disease management program.

Anchored in Cleveland on its 165-acre main campus, Cleveland Clinic’s name is well known around the world for its clinical excellence. Cleveland Clinic Abu Dhabi opened in May 2015; Cleveland Clinic Toronto just celebrated its tenth year; and Cleveland Clinic London is expected to begin seeing patients in 2020. Locally, Cleveland Clinic recently opened a new state-of-the-art hospital in Avon. And in Weston, Fla., Cleveland Clinic Florida is constructing a new five-story tower.

Under Dr. Cosgrove’s innovative leadership, he also envisioned “same-day” medical appointments that opened access to 1.5 million same-day appointments for patients in 2016. He also is committed to new ways to allow patients to access care anytime, anywhere, with walk-in appointments, virtual visits by phone or tablet, and more.

Dr. Cosgrove received his medical degree from the University of Virginia School of Medicine in Charlottesville, completing his clinical training at Massachusetts General Hospital, Boston Children’s Hospital, and Brook General Hospital in London. His undergraduate work was at Williams College in Williamstown, Mass.

He was a surgeon in the U.S. Air Force and served in Da Nang, Republic of Vietnam, as the Chief of U.S. Air Force Casualty Staging Flight. He was awarded the Bronze Star and the Republic of Vietnam Commendation Medal.

Joining Cleveland Clinic in 1975, Dr. Cosgrove was named chairman of the Department of Thoracic and Cardiovascular surgery in 1989. Under his leadership, Cleveland Clinic’s heart program was ranked No. 1 in America for 10 years in a row by U.S. News & World Report, a distinction that has remained for 22 successive years. He has published nearly 450 journal articles, book chapters, authored “The Cleveland Clinic Way” and developed 17 training and continuing medical education films. As an innovator, Dr. Cosgrove has 30 patents filed for developing medical and clinical products used in surgical environments.

Dr. Cosgrove is a 2016 Fortune Businessperson of the Year (#14), has topped Inside Business’s “Power 100” listing for Northeast Ohio, is highly ranked among Modern Healthcare’s “100 most powerful people in healthcare” and “most powerful physician executives,” and is an inductee of the Cleveland Medical Hall of Fame.

Dr. Cosgrove has been consulted by successive presidential administrations, serving on the Veterans Administration Commission on Care (2015) and the current White House Strategic and Policy Forum.

Photos and video available in Cleveland Clinic's newsroom. Exterior footage can be downloaded here: https://www.dropbox.com/s/6vjnz91flz45t ... s.mov?dl=0

About Cleveland Clinic
Cleveland Clinic is a nonprofit multispecialty academic medical center that integrates clinical and hospital care with research and education. Located in Cleveland, Ohio, it was founded in 1921 by four renowned physicians with a vision of providing outstanding patient care based upon the principles of cooperation, compassion and innovation. Cleveland Clinic has pioneered many medical breakthroughs, including coronary artery bypass surgery and the first face transplant in the United States. U.S. News & World Report consistently names Cleveland Clinic as one of the nation’s best hospitals in its annual “America’s Best Hospitals” survey. Among Cleveland Clinic’s 51,000 employees are more than 3,500 full-time salaried physicians and researchers and 14,000 nurses, representing 140 medical specialties and subspecialties. Cleveland Clinic’s health system includes a 165-acre main campus near downtown Cleveland, 10 regional hospitals, more than 150 northern Ohio outpatient locations – including 18 full-service family health centers and three health and wellness centers – and locations in Weston, Fla.; Las Vegas, Nev.; Toronto, Canada; Abu Dhabi, UAE; and London, England. In 2016, there were 7.1 million outpatient visits, 161,674 hospital admissions and 207,610 surgical cases throughout Cleveland Clinic’s health system. Patients came for treatment from every state and 185 countries. Visit us at clevelandclinic.org. Follow us at twitter.com/ClevelandClinic. News and resources available at newsroom.clevelandclinic.org.

Editor’s Note: Cleveland Clinic News Service is available to provide broadcast-quality interviews and B-roll upon request.

[Kevin D Young]

Here's a link on Cosgrove's resignation from a site called "STAT." They boast that they puncture hype in their reporting.

https://www.statnews.com/2017/05/01/cos ... nd-clinic/

It says that in the 13 years that Cosgrove has been at the helm, Clinic revenue went from 3.7 to 8.5 million dollars.

We know that has a lot to do with the decimation of local services in Lakewood and other communities. How was the destruction of Lakewood hospital represented on the Clinic's financial statement? Is there anyone who might be able to get that information?

[Lori Allen _]

I believe it was announced around 9:00am this morning on channels 5 and 8. Nothing yet on WTAM, but, WTAM is very Cleveland Clinic friendly.

Is Cleveland Clinic trying to keep a lid on this announcement? Why?

Perhaps Toby is implicated in the records that will soon be released.

[Jim O'Bryan]

I believe it was announced around 9:00am this morning on channels 5 and 8. Nothing yet on WTAM, but, WTAM is very Cleveland Clinic friendly.

Is Cleveland Clinic trying to keep a lid on this announcement? Why?

Perhaps Toby is implicated in the records that will soon be released.

Well of they were trying it was another terrible job. We announced it months ago, that Toby would be stepping down.

As far as implications, it was pointed out today that Mr Cosgrove would be better served fighting from a seat of power, than on the outside.

I am sure there are many things in the documents, all want hidden. Toby's private attorney in this suit, Lakewoodite Jim Wooley, who is one of the best criminal lawyers in the state. Which has everyone wondering why Cosgrove would hire a criminal attorney in a civil matter?

.

[Jim O'Bryan]

Toby Cosgrove, M.D., Announces His Decision to Transition from President, CEO Role

Nomination committee to be formed

Monday, May 1, 2017, Cleveland: After nearly 13 years as president and CEO of Cleveland Clinic ­– which has grown into an $8 billion health system with multiple locations in Ohio, Florida, Nevada, Canada, Abu Dhabi, and, in 2020, London – Toby Cosgrove, M.D., announced at a staff meeting today that he has decided to begin a succession process to transition out of the top executive role later this year. The Governance Committee has asked Dr. Cosgrove to continue on in an advisory role.

Over Dr. Cosgrove’s tenure, Cleveland Clinic’s expansion locally, nationally, and internationally has positioned the institution for a strong future as its revenues have grown from $3.7 billion in 2004 to $8.5 billion in 2016. It has become Ohio’s largest employer with over 50,000 caregivers and a global leader in clinical outcomes, patient experience, innovation and wellness, ranking No. 2 in the nation last year by U.S. News & World Report.

“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,” Dr. Cosgrove said. “Cleveland Clinic’s world-class reputation of clinical excellence, innovation, medical education and research was created and will be maintained by the truly dedicated caregivers who work tirelessly to provide the best care to our patients.”

By making leadership development a top priority, Cleveland Clinic has developed a deep, talented pool of physician-leaders who are ready to take on executive roles such as hospital presidents, executive administrative roles, leaders of major initiatives across the enterprise, and more.

“The goal of any leader is to leave an institution better than you found it. Without a doubt, Toby has done that,” said Cleveland Clinic Board of Directors chairman Bob Rich. “Our world-class reputation has only grown over the past 13 years, as he has led Cleveland Clinic through a period of dramatic growth and worldwide expansion.”

His successor will be jointly selected by the Board of Directors and Board of Governors and that process is expected to be concluded in 2017. The Governance Committee has asked Dr. Cosgrove to continue on in an advisory role.

In keeping with its model as a physician-led institution, Cleveland Clinic’s new president and CEO will be a practicing physician.

Before becoming CEO in 2004, Dr. Cosgrove was a cardiac surgeon for nearly 30 years, performing 22,000 operations and earning an international reputation for expertise in valve repair. As president and CEO, Dr. Cosgrove has driven major initiatives that have gained international recognition, created best practices in healthcare, focused on patient outcomes and promoted patient experience.

Cleveland Clinic has grown steadily between 2004 and 2016: the number of physician-scientists has doubled from 1,800 to 3,400; total visits increased from 2.8 million to 7.1 million; research funding grew from $121 million to $260 million; and construction has changed the face of Cleveland Clinic’s main campus, with the addition of the Miller Family Heart & Vascular Institute, the Glickman Urological & Kidney Institute, the Cleveland Clinic Taussig Cancer Center, the Tomsich Pathology & Laboratory Medicine Institute and, currently under construction, a health education campus in collaboration with Case Western Reserve University.

Dr. Cosgrove’s leadership has emphasized patient care and patient experience, including the re-organization of clinical services into a patient-centered model of care designed around organs and diseases rather than doctors. He coined the phrase “Patients First” to be the guiding principle for all caregivers and hired the first Chief Patient Experience Officer to focus on the experiential, physical and emotional aspects of patient care, now a growing norm in hospitals today. Cleveland Clinic is considered one of the country’s “Best Workplaces in Health Care” in Fortune and a “World’s Most Ethical Company” by the Ethisphere Institute.

Dr. Cosgrove has launched major wellness initiatives for patients, employees and communities, including: banning smoking on all Cleveland Clinic campuses; adopting a policy to not hire smokers; offering employees free memberships to Weight Watchers and gyms; ridding the cafeteria of fried foods; opening weekly farmer’s markets in the summer and fall; and creating an employee health insurance program that offers discounts for physical activity or for enrollment in a disease management program.

Anchored in Cleveland on its 165-acre main campus, Cleveland Clinic’s name is well known around the world for its clinical excellence. Cleveland Clinic Abu Dhabi opened in May 2015; Cleveland Clinic Toronto just celebrated its tenth year; and Cleveland Clinic London is expected to begin seeing patients in 2020. Locally, Cleveland Clinic recently opened a new state-of-the-art hospital in Avon. And in Weston, Fla., Cleveland Clinic Florida is constructing a new five-story tower.

Under Dr. Cosgrove’s innovative leadership, he also envisioned “same-day” medical appointments that opened access to 1.5 million same-day appointments for patients in 2016. He also is committed to new ways to allow patients to access care anytime, anywhere, with walk-in appointments, virtual visits by phone or tablet, and more.

Dr. Cosgrove received his medical degree from the University of Virginia School of Medicine in Charlottesville, completing his clinical training at Massachusetts General Hospital, Boston Children’s Hospital, and Brook General Hospital in London. His undergraduate work was at Williams College in Williamstown, Mass.

He was a surgeon in the U.S. Air Force and served in Da Nang, Republic of Vietnam, as the Chief of U.S. Air Force Casualty Staging Flight. He was awarded the Bronze Star and the Republic of Vietnam Commendation Medal.

Joining Cleveland Clinic in 1975, Dr. Cosgrove was named chairman of the Department of Thoracic and Cardiovascular surgery in 1989. Under his leadership, Cleveland Clinic’s heart program was ranked No. 1 in America for 10 years in a row by U.S. News & World Report, a distinction that has remained for 22 successive years. He has published nearly 450 journal articles, book chapters, authored “The Cleveland Clinic Way” and developed 17 training and continuing medical education films. As an innovator, Dr. Cosgrove has 30 patents filed for developing medical and clinical products used in surgical environments.

Dr. Cosgrove is a 2016 Fortune Businessperson of the Year (#14), has topped Inside Business’s “Power 100” listing for Northeast Ohio, is highly ranked among Modern Healthcare’s “100 most powerful people in healthcare” and “most powerful physician executives,” and is an inductee of the Cleveland Medical Hall of Fame.

Dr. Cosgrove has been consulted by successive presidential administrations, serving on the Veterans Administration Commission on Care (2015) and the current White House Strategic and Policy Forum.

Photos and video available in Cleveland Clinic's newsroom. Exterior footage can be downloaded here: https://www.dropbox.com/s/6vjnz91flz45t ... s.mov?dl=0

About Cleveland Clinic
Cleveland Clinic is a nonprofit multispecialty academic medical center that integrates clinical and hospital care with research and education. Located in Cleveland, Ohio, it was founded in 1921 by four renowned physicians with a vision of providing outstanding patient care based upon the principles of cooperation, compassion and innovation. Cleveland Clinic has pioneered many medical breakthroughs, including coronary artery bypass surgery and the first face transplant in the United States. U.S. News & World Report consistently names Cleveland Clinic as one of the nation’s best hospitals in its annual “America’s Best Hospitals” survey. Among Cleveland Clinic’s 51,000 employees are more than 3,500 full-time salaried physicians and researchers and 14,000 nurses, representing 140 medical specialties and subspecialties. Cleveland Clinic’s health system includes a 165-acre main campus near downtown Cleveland, 10 regional hospitals, more than 150 northern Ohio outpatient locations – including 18 full-service family health centers and three health and wellness centers – and locations in Weston, Fla.; Las Vegas, Nev.; Toronto, Canada; Abu Dhabi, UAE; and London, England. In 2016, there were 7.1 million outpatient visits, 161,674 hospital admissions and 207,610 surgical cases throughout Cleveland Clinic’s health system. Patients came for treatment from every state and 185 countries. Visit us at clevelandclinic.org. Follow us at twitter.com/ClevelandClinic. News and resources available at newsroom.clevelandclinic.org.

Editor’s Note: Cleveland Clinic News Service is available to provide broadcast-quality interviews and B-roll upon request.

[Jared Denman]

We know that has a lot to do with the decimation of local services in Lakewood and other communities. How was the destruction of Lakewood hospital represented on the Clinic's financial statement? Is there anyone who might be able to get that information?

A request was made via the Ohio Court of Claims for the ground level financials: check registers, trial ledgers, balance sheets, etc. along with the Noblis and Navigant reports. I spoke with the mediation lawyer who doubts that the Clinic will release the documents based on the argument that they are not subject to the public records law in Ohio Revised Code. Without those documents, not much else can be definitively proven.

[Lori Allen _]

Jared,
Thanks for the update.
I bet the number one cheerleader for the hospital deal, Dr. Garven, is in the running for new CEO!