Business Review: Jim Reed on the good news and bad news in health care
The Business Review’s Robin Cooper sat down for a wide-ranging interview with James K. Reed, M.D. in the days before his retirement as president and CEO of St. Peter’s Health Partners.
From the article:
The founding chief executive of St. Peter’s Health Partners in Albany also has navigated nursing shortages for years, a growing concern — exacerbated by the Covid-19 pandemic — which has forced hospitals across the region to pay anywhere from $80 to $250 an hour to bring in traveling nurses.
Those are among the challenges and the grim reality in health care throughout North America over the past few years.
Reed, 73, spent a decade leading St. Peter’s, one of the largest hospital systems in the Albany region with nearly 11,000 local employees. With an Ivy League MBA from the University of Pennsylvania’s Wharton School of Business and a background overseeing acquisitions and divestitures for Union Pacific, Reed has brought a unique perspective to what he describes as the most complicated business — health care.
It also is among the largest industries in the Albany metropolitan area economy, employing as many people as manufacturing, construction and education combined.
The Albany Business Review recently sat down with Reed, who shared his outlook and takeaways about his 30-plus years in the industry, a second career that began with a decade as a primary care physician. Reed retired on Dec. 31 as CEO of St. Peter’s, handing the controls over to Dr. Steven Hanks, who was promoted after serving as St. Peter’s chief operating officer and chief clinical officer.
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