Tuesday, April 21, 2015

FOR IMMEDIATE RELEASE: April 21, 2015
Media Contacts:
Howard University
Rachel Mann
(202) 238-2631
rachel.mann@howard.edu
Paladin Healthcare Capital
Lorraine Marshall
(310) 414-2700
lmarshall@pldn.com

HOWARD UNIVERSITY & PALADIN HEALTHCARE ANNOUNCE NEW HOWARD UNIVERSITY HOSPITAL EXECUTIVE LEADERSHIP TEAM

WASHINGTON (April 21, 2015)  – Today, Howard University President, Dr. Wayne A. I. Frederick, and Paladin Healthcare President, Joel Freedman, announced a change in the executive leadership team at Howard University Hospital. The executive leadership change at Howard University Hospital, effective today, represents the next phase of a comprehensive multi-year turnaround plan for the hospital located in Northwest Washington, DC.

“The leadership changes we’re announcing today are a critical and strategic next step in the future of Howard University Hospital, our staff, and most importantly, the community the hospital serves,” said Dr. Wayne A. I. Frederick, president of Howard University. “The staffing and operational changes we’ve implemented at the hospital in just the last few months have improved hospital operations, financial performance, and most importantly, patient care and patient satisfaction. I expect the new leadership team will sustain and accelerate those positive results, and enhance the hospital’s commitment to holistic, patient-centric care – from admissions to acute in-patient and outpatient services and discharge. A comprehensive healthcare management system is our ultimate goal. We are building a system that will emphasize preventative care as much as acute care,” added Frederick.

The new Howard University Hospital executive leadership team includes:

James Edwards, Chief Executive Officer, with 23 years of experience in senior leadership positions for numerous hospitals, including 10 as CEO and seven as CFO; former interim CEO of Howard University Hospital.

Gregory Brentano, Chief Operating Officer, led the turnaround of three underperforming community hospitals in Southern California, working with principals of Paladin, two of which were named Top 100 Hospitals in the U.S. by Thomson Reuters.

Rick Jones, Chief Financial Officer, an experienced hospital executive with 35 years of experience in CFO positions for numerous hospitals and healthcare systems, including academic medical centers for the University of Southern California, Tulane University, and the University of Arkansas.

Dr. Shelly McDonald-Pinkett, Chief Medical Officer, Board Certified Internist with outstanding clinical and management skills; Howard University Hospital’s new top medical executive.

Brenda Douglas, R.N., J.D., Interim Chief Nursing Officer, previously served as the Administrator for Howard University Hospital, with operational responsibility for multiple clinical departments, including the Emergency Department, Perioperative Services, Surgery, Anesthesia, Internal Medicine, Radiology, Radiation Oncology, Psychiatry, Neurology, Pathology/Clinical Laboratories, and the Sleep Center.

In October 2014, Howard contracted with California-based Paladin Healthcare for the comprehensive assessment phase of the turnaround plan, while also assuming day-to-day operational responsibility for the hospital. During the initial phase, Paladin began to implement range of operational improvement programs which have yielded significant results and dramatically reduced the prior losses at the hospital.

“We’re optimistic and encouraged by the progress we’ve seen so far at Howard University Hospital,” said Joel Freedman, president of Paladin Healthcare. “Our team includes executives with extensive experience leading and turning around underperforming urban community hospitals and academic medical centers. To accelerate the turnaround at Howard University Hospital, we introduced an interim senior management team. However, the long-term plan has always been to integrate a management team familiar with Howard University Hospital, vested in its success, familiar with the local community, and committed to  ensuring that the hospital provides exceptional care,” said Freedman.

A comprehensive assessment of Howard University Hospital operations was launched during the first phase of the Howard-Paladin agreement last fall and completed this year. As a result, extensive changes were proposed to increase revenue, enhance quality, and improve operational efficiency.

“The executive leadership team and I appreciate the hard work, dedication, and commitment demonstrated by every member of the Howard University Hospital staff throughout this process,” said James Edwards, newly appointed Chief Executive Officer at Howard University Hospital. ”We’re at a critical juncture at Howard University Hospital and the eyes of the community are watching to see how we respond. The leadership team and I are committed, as is every Howard University Hospital team member, to take up the mantle and deliver.”

 

About Howard University:

Founded in 1867, Howard University is a private, research university that is comprised of 13 schools and colleges. Students pursue studies in more than 120 areas leading to undergraduate, graduate and professional degrees. Since 1998, the University has produced two Rhodes Scholars, two Truman Scholars, a Marshall Scholar, 30 Fulbright Scholars and 11 Pickering Fellows. Howard also produces more on campus African-American Ph.D. recipients than any other university in the United States. For more information on Howard University, call 202-238-2330, or visit the University's Web site at www.howard.edu.

 

About Paladin Healthcare:

Paladin Healthcare is comprised of Paladin Healthcare Capital, which makes private equity, structured debt, and real estate investments in the healthcare sector, and Paladin Healthcare Management, which assumes operational responsibility for and turns around underperforming hospitals by maintaining strong disciplines in all key areas of hospital operations. Paladin’s mission is to establish optimal healthcare delivery networks in underrepresented and disadvantaged communities that are innovative leaders in quality of care, operational efficiency, patient satisfaction, employee satisfaction, and community contribution. For more information on Paladin Healthcare, call 310-414-2700, or visit www.pldn.com.