Steele to step down at Geisinger President, CEO to leave in 2015
Glenn Steele, M.D., who pushed to the national forefront his value-based healthcare model and expanded Geisinger Health System's footprint, will resign as chief executive officer in June.
The Geisinger Health System Foundation Board of Directors launched a search to find Dr. Steele's successor, officials announced Monday.
Dr. Steele, who has held the position since March 2001, will continue to work as the chairman of xG Health Solutions, an independently operated organization based in Columbia,
Maryland, that helps providers nationwide create value and improve quality.
Recognized among the nation's most influential physician executives, Dr. Steele earned $5.4 million in total compensation in 2011, according to the most recent 990 form.
"He's been a visionary ... for the organization and healthcare nationally," chief human resource officer Amy Brayford said. "It's really been his vision that has allowed the organization to grow."
During Dr. Steele's tenure, Geisinger nearly tripled its workforce - from about 7,500 to 21,000 - and added four hospitals to its network, including Geisinger-Shamokin Area Community Hospital in January 2012 Geisinger Community Medical Center in Scranton in February 2012, she said.
Since fiscal 2006, the health system's community benefit, which is a combination of several factors including uncompensated care, rose from $127.5 million to $414 million.
But officials say his biggest impact came in shifting the focus of healthcare delivery from volume to value and quality. Rather than rewarding physicians for the number of procedures they perform, Geisinger's value-based model focuses on outcomes, long-term care and keeping patients out of hospitals.
"He has long said that 'value is where healthcare needs to go,'" said David Jolley, vice president of public affairs.
Under his leadership, Geisinger pledged to invest $158.6 million in the Scranton market, which includes a $97.1 million expansion project at GCMC. And over the last decade, Geisinger Wyoming Valley Medical Center in Wilkes-Barre has nearly doubled in size, including the addition of a trauma center.
"He has made an undoubtable mark on improving the healthcare in our community," said Virginia McGregor, a board member who served as chairman of the GCMC Board of Directors when the city hospital joined Geisinger. "He was able to recruit and retain physicians, and that was based on his vision and reputation."
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