Balser: VHAN to grow through affiliations, not acquisitions

Vanderbilt University Medical Center still plans to grow its affiliated network of physicians as the official split from Vanderbilt University nears, but not through the acquisition of other health systems.

Vice chancellor for Health Affairs and Dean of the School of Medicine Jeff Balser said the system would focus on collaborative affiliations with providers throughout the Southeast, according to the VUMC Reporter. The Vanderbilt Health Affiliated Network currently compress 3,400 physicians and more than 50 hospitals in the region.

Expanding the VHAN was a central goal for the system after VUMC and Vanderbilt University announced an operational split last November. The legal separation is expected to occur in early 2016.

"As the national health care economy restructures to fewer health systems, we have a choice — leading such a system or being part of someone else’s system," Balser said. "We want to lead our system and control our destiny. We believe that health care should be delivered in a certain way."

The split from the university is expected to give the hospital administrative flexibility to partner with regional providers. VUMC leadership hopes to reach an additional 1 million lives in the Southeast by 2020, the Reporter said.

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VUMC announces facilities management changes

Vanderbilt University Medical Center has named Gary Streaty executive director of its Department of Facilities Management.

Streaty (on left in photo) replaces Ken Browning (on right in photo), who served more than 30 years in the role, most recently with the title of  assistant vice chancellor for facilities and construction.

Streaty will be responsible for the financial and operational aspects of maintaining the Medical Center’s numerous facilities and physical plant systems. Relatedly, Browning will continue oversee VUMC's new facilities construction.

As part of the transition, what had been called the VUMC Department of Facilities and Plant Services is now called the Department of Facilities Management.

Streaty served as the director of medical center parking and transportation services since being recruited to VUMC by Browning in 2007.

Read more here.

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VUMC board named

The Vanderbilt University Board of Trust has elected the members of the Vanderbilt University Medical Center governing board, with numerous local business heavy-hitters included.

Edith Scott Carell “Edie” Johnson, president and legal counsel for the Carell Family LLC, will serve as chair, with John F. Stein, Tennessee state president and national market executive of for-profit health care in global commercial banking at Bank of America Merrill Lynch, to be the vice chair.

VU Chancellor Nicholas S. Zeppos and VU Vice Chancellor for Health Affairs Jeff Balser also will serve.

The other board members include the following: Michael M. E. Johns (chief executive officer for the Emory System of Health Care); Richard B. “Dick” Johnston Jr. (associate dean for research development and professor of pediatrics at the University of Colorado School Of Medicine); Samuel E. “Sam” Lynch (founder of BioMimetic Therapeutics); and Thomas J. “Tom” Sherrard II (founding member of Nashville law firm Sherrard & Roe).

In addition to Zeppos, the current Vanderbilt University Board of Trust members who will serve on both the Vanderbilt and VUMC boards are Bruce R. Evans, Jackson W. Moore and David W. Patterson. Four of the VUMC board members, including Zeppos, are current members of the VU Board of Trust.

The independent board will begin planning for VUMC to operate as a separate entity and will govern it once its financial and administrative transition from the university is completed by year’s end.

In November 2014, the board of trust directed the institution’s senior leadership to reconfigure VUMC as a nonprofit academic medical center that is financially distinct from Vanderbilt University. (The two entities are expected to remain closely aligned in some respects.)

Once VUMC is established as a separate entity, Balser will drop his title of vice chancellor for health affairs and will become president and CEO of Vanderbilt University Medical Center. He will continue as dean of the Vanderbilt University School of Medicine.

Read about the new board members here.

Sep 14, 2015 1:30 PM