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MEDIA RELEASE

CONTACT:
Cindy Ficorelli
Phone: (810) 606-6270
Fax: (810) 606-6279
caficorelli@genesys.org

01/17/2011

Genesys Health System to appoint new president and CEO

(GRAND BLANC, MI) Genesys Health System announced today that Betsy Aderholdt, president of Genesys Regional Medical Center (GRMC); and Chris Palazzolo, chief financial officer (CFO) for the system; will assume interim co-executive leadership roles beginning Feb. 11.
Aderholdt and Palazzolo collaboratively will lead Genesys while a search committee has been formed to select a replacement for the system’s current President and CEO, Mark Taylor, FACHE, who is leaving to assume the role of President and CEO of Columbia St. Mary’s Health System in Milwaukee. Genesys and Columbia St. Mary’s Health System are members of Ascension Health.

“Given the distributive leadership model that Genesys has worked to establish over the past four years, it is a natural progression for both Betsy and Chris, as two of our top executives, to share the responsibility of leading Genesys during this interim time,” says Karen Aldridge-Eason, chair of the Board of Trustees for Genesys Health System.

“Betsy and Chris are exceptional leaders who have been instrumental in sustaining Genesys during these challenging economic times. They have been the driving forces for advancing our vision for the future and securing our position as a nationally recognized organization for clinical excellence and innovation. We greatly appreciate the unwavering dedication these two seasoned leaders have shown to Genesys, and their commitment to collaboratively lead this organization as we reconfirm the long-term, overall leadership for Genesys.”

A timeline has not yet been determined for the selection of the new President and CEO of Genesys Health System.

Aderholdt, who has served as President of GRMC since August 2007, has been responsible for the overall management and strategic direction of the 410-bed hospital in Grand Blanc and its ancillary entities located throughout Genesee County and surrounding areas. Aderholdt also led the organization’s 2009 creation of co-management companies jointly owned by Genesys and physician investors. The model for these companies already is being recognized as a national leading practice for creating hospital/physician alignment and integration to improve outcomes for quality, efficiency and patient satisfaction.

Palazzolo was appointed CFO of Genesys in October 2008. In addition to the traditional role of a CFO, his position has included overall management of the system’s Continuum of Care, including Genesys Home Health & Hospice Care, Genesys Hospice Care Center, Genesys Convalescent Center and Genesys Athletic Club. Palazzolo also is spearheading the organization’s plans to develop facilities, services and jobs on the Genesys Health Park Campus in Grand Blanc, as well as establishing a Genesys new outpatient care and clinical education presence in downtown Flint.
Under Taylor’s leadership, Genesys achieved a substantial financial turnaround and continued to secure its position as mid-Michigan’s leading regional integrated healthcare delivery system serving Flint and surrounding areas. Most notably, through Taylor’s initiation in 2007, Genesys established a 25-year vision for the future – VisionScape – that includes long-term plans to:
  • revitalize the Genesys Health Park Campus and the community through the development of additional services, educational opportunities and jobs
  • create and grow Genesys HealthWorks, which is being nationally recognized by the Institute for Healthcare Improvement as a revolutionary model for population-based care
  • solidify Genesys Regional Medical Center as the “hospital of the future,” which includes being named as one of “America’s 50 Best Hospitals” with clinical excellence and safety among the best in the nation

“Genesys experienced tremendous transformations while Mark served in the role of our President and CEO since 2007," Aldridge-Eason says. "We are grateful for the servant leadership, wisdom, innovation and creativity Mark brought to Genesys, and will continue carrying forward the progress and beneficial practices he set forth. We wish him well as he transitions to our sister Ascension organization in Milwaukee."

As mid-Michigan’s leading healthcare provider and one of its top employers, Genesys Health System is committed to the medical, economic and spiritual vitality of the patients and communities it serves as an integrated healthcare delivery system with a complete continuum of care serving Flint and the Genesee County region. In addition to being continually ranked among the nation’s best for clinical excellence, Genesys also provides more than $40 million a year in care to the poor, uncompensated care and community benefits. This commitment stems from Genesys’ history as a Catholic organization serving the community for 90 years with a Mission of care that spans centuries. At the heart of that Mission are more than 5,000 employees, volunteers and physicians who are dedicated to the current and long-term success of Genesys and the patients and community it serves.

Ascension Health (www.ascensionhealth.org) is transforming healthcare by providing the highest quality care to all, with special attention to those who are poor and vulnerable. Ascension Health, which provided $1.1 billion in care of persons who are poor and community benefit last year, is the nation’s largest Catholic, nonprofit health system. Ascension’s Mission-focused health ministries employ 113,000 associates serving in more than 500 locations in 20 states and the District of Columbia.
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