Johns Hopkins Health names Duke’s Sowers as next president

Johns Hopkins Health System, Baltimore, named Duke College Hospital President Kevin Sowers since it’s own president. Sowers replaces Ronald Peterson, who announced in June he planned to retire at year-finish.

Sowers, that has been at Duke for 32 many was president from the hospital for eight, will also function as executive v . p . of Johns Hopkins Medicine. He’ll start in the organization on February. 1, becoming the 2nd president ever from the system.

Just before his present position at Duke, Sowers was chief operating officer for Duke College Hospital, coupled with experience of other administrative positions. Sowers started his career with Duke College Clinic Hospital in 1985 like a staff nurse in oncology.

Sowers was compensated $725,000 in reportable along with other earnings by Duke around ended June 30, 2016, while Peterson was compensated $2.six million in reportable along with other earnings from Johns Hopkins last year, based on the particular Irs Form 990s.

Sowers is inheriting a company on under stellar financial footing, using the system recording a stop by internet operating earnings of 26% in the first fiscal quarter in contrast to the entire year-earlier period, which ended Sept. 30. Johns Hopkins reported internet operating earnings of $ million for the reason that period according to operating revenue of $1.57 billion, which rose 3.8% from $1.51 billion in 2016. Expenses for the reason that period rose 4.5% to $1.54 billion from $1.47 billion last year.

Similarly, around ended June 30, Johns Hopkins Health System operating earnings fell 36.9% to $153.two million.

Hopkins officials weren’t immediately readily available for comment.

Paul Barr, a healthcare journalist since 2004, accounts for Modern Healthcare’s feature tales. Barr most lately would be a senior editor for Hospitals & Health Systems, before that labored six years at Modern Healthcare as news editor and 2 years like a reporter. In 2016 he won a Jesse H. Neal award for the best single story, as well as in 2015 would be a finalist for the best series. Just before 2004, he covered financial matters for a number of publications. Barr includes a bachelor’s degree in financial aspects and master’s levels in journalism and business in the College of Illinois.

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