Board hires industry veteran John Donahue to oversee the largest private hospitalist company in the U.S.
BRENTWOOD, Tenn.--(BUSINESS WIRE)-- Cogent HMG, a national leader in the field of hospital medicine and critical care medicine, today announced the Board of Directors has tapped John J. Donahue as its new Chief Executive Officer, effective January 3.
“John brings a strong combination of operating experience and strategic vision to catapult Cogent HMG on to future success,” said Gene Fleming, Chairman of the Cogent HMG Board of Directors. “He has helped lead fast-growing companies across several healthcare industry sectors and has transformed existing business models into innovative value propositions. Our physicians and hospital partners will benefit from his progressive thinking.”
Employing more than 1,000 physicians and mid-level providers, Cogent HMG provides comprehensive hospitalist and intensivist programs to more than 100 hospitals across 27 states.
Donahue succeeds Stephen L. Houff, M.D., who founded Hospitalists Management Group (HMG) HMG and has led the efforts to merge Cogent Healthcare and HMG. Dr. Houff will now serve as Chairman of Cogent HMG and will shift his focus to outward facing activities, including strategy, client services, physician relations and business development, while also ensuring continuity of physician leadership for the company. Fleming, formerly Chief Executive Officer of Cogent Healthcare, will be leaving his full-time post of Executive Chairman and will continue as an investor and member of the company’s board of directors.
“Both Dr. Houff and Gene deserve a tremendous amount of credit for their work in building and integrating two of the hospitalist industry’s most dynamic and successful companies,” said Thomas J. Pryma, Cogent HMG Board Member and Partner of AEA Investors LP. “Tapping John Donahue’s fresh perspective and seasoned leadership to truly leverage what they have built is an important milestone for the company and will position Cogent HMG for a strong future.”
Donahue has more than 25 years of healthcare executive experience, including nine years as President and CEO of National Imaging Associates, a radiology benefit management firm he founded in 1997 and sold to Magellan Health Services in 2006. He has taken an active role in health policy in recent years, having testified before Congress on healthcare cost savings and worked with Centers for Medicare and Medicaid Services, MedPAC, Congressional health advisors and the GAO on healthcare economics.
“It became clear that with the tremendous growth of Cogent HMG, and the ambitions we share for this organization, adding a seasoned healthcare executive to the support day-to-day management activities was a key next step to unlocking the full value of our newly merged companies,” Dr. Houff added. “As we embrace a future that will provide new and exciting ways to add value for our health system clients and payers, I am confident that adding John’s deep managed care experience will be a valuable asset for our team. I look forward to working closely with him to continue shaping the growth and strategic direction of the company.”
“It is an honor to join Cogent HMG,” said Donahue. “The company is well-known for pioneering the hospitalist and intensivist sectors and constantly driving innovation. With a move toward value-based reimbursement and increased integration among providers, Cogent HMG is well-positioned to help hospitals across the nation curb costs and improve quality for the patients they serve.”
Donahue will continue to serve on the Board of Medicalis Inc., the leading developer of radiology workflow solutions. He received his undergraduate degree in management information systems from Merrimack College in Massachusetts and master’s degree in business administration with a concentration in finance from Olin Graduate School at Babson College in Wellesley, Mass.
In May 2011, Cogent Healthcare and HMG merged to form Cogent HMG. The combined company subsequently acquired The Intensivist Group in August 2011, which made Cogent HMG the largest critical care services provider in the nation with programs in nearly 20 hospitals across the United States. All three companies were originally founded by physicians.
About Cogent HMG
Cogent HMG is the nation’s largest private hospitalist company, partnering with more than 100 hospitals across the country to build and manage high-performing hospitalist and intensivist programs. Through our management and consulting services, Cogent HMG focuses on relentlessly improving efficiency and quality of inpatient care, by supporting hospitalists and intensivists with technology and operational infrastructure, a coordinated clinical care team, data-driven processes, rigorous ongoing training and experienced leadership. Founded by physicians who were pioneers of the hospital medicine industry, the company is dedicated to the advancement of the field by setting best practices and through its established national mentoring program, Cogent HMG Academy™. For more information, visit www.cogenthmg.com.
for Cogent HMG
Anne Hancock Toomey, 615-254-0575
KEYWORDS: United States North America Tennessee
INDUSTRY KEYWORDS: Health Hospitals Other Health Nursing General Health Managed Care