When Lee Domanico arrived on the scene of Marin General Hospital, as a consultant in 2008, the District and Sutter were in the midst of a messy divorce. The District “won back” the Hospital, but with only 7 days of working capital, no IT system, and no one to bill or collect for the medical services its highly skeptical medical team continued to provide. Lee will share with us the remarkable story of this turnaround (along with some lessons learned turning around the Allegheny Health System and El Camino Hospital), on the way to recently opening MarinHealth’s new $535 million wing and its strategic alliance with UCSF.
We’ll launch our Members’ Opening Discussion with examples you’ve experienced of being in turnarounds – including navigating the tumultuous financial waters that COVID has created for much of the nation’s healthcare providers.
As always, we’ll look to hear and discuss, “What’s Keeping You Up Nights?”
Lee Domanico recently retired as the CEO of MarinHealth Medical Center and the Marin Healthcare District, positions he officially held for over 10 years, after proving to the District’s Board that he was the man who could “bootstrap the financial transactions” needed to right what many considered a sinking ship. He then created a Medical Foundation to solidify the physicians under the independent hospital – and not Sutter. And, by 2013, Lee had created enough credibility with the community to pass a $394 M bond measure to build a hospital that would meet the State’s most stringent seismic standards.
Our San Francisco Healthcare Round Table meets on the 2nd Wednesday of each month. We have been meeting via ZOOM since April, and look forward to meeting again in person – once we can do so safely, hopefully early in the New Year.
Members are able to stay abreast of industry trends that affect their business and keep ahead of the curve in their rapidly changing industry. Connections made within the Round Tables – and throughout the ABL Organization – further accelerate business growth, Members experience full value and a solid return on their investment of time and fees when attending Round Tables on a regular basis. .