Becker's Hospital Review

April 2021 Issue of Becker's Hospital Review

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32 POPULATION HEALTH 32 CEO / STRATEGY How 3 health system CEOs revitalize themselves By Kelly Gooch T he Becker's Hospital Review Corner Office se- ries asks hospital and health system CEOs to share how they revitalize themselves. Here are answers collected in the first two months of 2021, in alphabetical order: Denise Brooks-Williams. Senior Vice President and CEO of Detroit-based Henry Ford Health System's North Market: Spending time with my family and friends. I love to travel and have sometimes organized trips with up to 20 family and friends. I have two adult daughters, and we still manage to have an annual fam- ily vacation. My husband and I recently purchased a cottage in Northern Michigan that motivates us to spend more time relaxing. Cynthia Moore-Hardy. President and CEO of Lake Health (Concord Township, Ohio): At work, I enjoy leaving the office and rounding on staff and patients. I have been known to carry a basket of healthy treats. People know that when they receive a treat, they have to tell me what's on their mind. Outside of work, I enjoy bike-riding, as it clears my mind and provides physical exercise. It allows you to be alone and really think — clear those cobwebs from your mind. And when I take those several-day bike trips and ride 50 to 75 miles a day, it allows me to have that one scoop of real ice cream. Jaewon Ryu, MD. President and CEO of Geisinger (Danville, Pa.): I try to get outdoors whenever I can, whether running, biking or hiking. I love this area be- cause of all the natural beauty, and we have many great trail systems that I've been able to make use of. is area of Pennsylvania has such distinct seasons. ere is something so comforting and optimistic about be- ing familiar with a trail, yet it can look so different each time I'm on it. It's a perspective that oen makes me think about the work we do. We can do something over and over, and yet there is always room to make it better, make it fresh, to try something new. And of course, I love coming home to my family. We're fortunate to have a multigenerational house- hold, so my girls get to grow up surrounded by family, and everyone is there for sports, recitals and all the activities they are taking part in (although obviously this year has been very different). n Outgoing UnitedHealth CEO to get pay for 2 years By Morgan Haefner D avid Wichmann, the outgoing CEO of UnitedHealth Group, will receive pay for two years after his departure, according to a Feb. 2 filing with the Securities and Exchange Commission. Mr. Wichmann retired as CEO of UnitedHealth Group Feb. 2. He stayed with the organization in a transitional role until March 31. "As a result of Mr. Wichmann's lengthy and successful tenure with the company, he has met the definition of retirement set forth in his pre- viously granted equity awards, which will continue to vest in accor- dance with their terms, similar to equity awards granted to other em- ployees," the company said in the filing. "For a two-year period, Mr. Wichmann will also receive payments approximating his most recent base salary and non-equity incentive compensation award." Mr. Wichmann's exit pay and benefits are similar to severance benefits outlined in his employment agreement, according to Bloomberg. The severance benefits are two times base salary and bonus compensa- tion. In 2019, Mr. Wichmann's salary was $1.4 million, and he received $4.5 million in bonus compensation, according to proxy filings. Mr. Wichmann joined UnitedHealth in 1998, and he held the CEO po- sition since 2017. n Top business schools skip MBA rankings this year By Hannah Mitchell H arvard Business School in Boston, Columbia Business School in New York City, Stanford (Calif.) Graduate School of Business and the University of Pennsylvania's Wharton School in Phil- adelphia are among the top-ranking business schools that this year opted to skip annual MBA rankings by The Economist and the Finan- cial Times, according to The Wall Street Journal. Sixty-two percent of business programs expect to participate in at least one ranking, while 10 percent intend to not participate in any, accord- ing to a Kaplan survey cited by the Journal. Nine schools have opted out of the Financial Times' ranking, a spokesperson told the Journal. Business school rankings play a vital role in how prospective students select their program. In 2021 rankings, schools are ranked different- ly than in past years. Some schools may have moved up from lower spots since their competitors have dropped out of the race. For exam- ple, Spain's ISBE Business School has moved from 10th place to first in The Economist's most recent rankings. Brian Kenny, a spokesperson for Harvard Business School, said in a statement,"Data gathering — which can take months — was an added burden as schools pivoted to remote learning earlier in the pandemic." Many of these schools, including Harvard, Stanford and Columbia, have opted to participate in the U.S. News & World Report rankings because they are less time-consuming. n

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