Dr. Larry Kaiser resigned from his role as president and executive director of Temple University's healthcare system.
Kaiser will resign at the end of the year after spending more than eight years in the role, the temple officials said Tuesday.
Since taking office in 2011, Kaiser has made various organizational changes, including the addition of the Lehigh Valley Medical Faculty, the establishment of a network of ambulance centers, and the recruitment of advanced physicians.
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Earlier this year, the healthcare system announced that its finances had returned to profitability, pointing to increased government funding, public health revenues and cuts in employee benefits and insurance costs, according to the Philadelphia Business Journal. For the first nine months of the fiscal year, the system had estimated a loss of $ 23.6 million, but $ 5.6 million.
Temple is closing the sale of the 2012 Fox Chase Cancer Center to Jefferson Health. The sale also includes the investment of Temple an Health Partners Plans, a Philadelphia-based health insurer for managed care.
Kaiser said Temple Health's restructuring efforts are "on track" and it's the right time for him to resign. He will stay until the end of the year to ensure a smooth transition.
"I feel that we are on a solid path and the right time for me to step aside and give new leaders the edge," Kaiser said in a statement. "It's hard to leave a place where I've spent so much of my passion, energy and enthusiasm, but I think it's important for Temple that new leaders jump in and take the restructured company to its next chapter. "
Earlier this year, Kaiser was named one of the 50 most influential clinical leaders at Modern Healthcare. The publication praised him for pioneering organizational changes that included the elimination of some administrative roles and the pursuit of value-based contracts with health insurers such as Aetna.
Many of the Temple patients use Medicaid, which typically offers lower reimbursement rates than private insurers.
Temple President Richard M. Englert praised Kaiser for aggressively attacking the "monumental challenges" of Temple Health, including its dual role as a comprehensive academic medical center and safety net for North Philadelphia residents.
"Only someone in Larry's vision and drive could have taken the leadership that the organization needs to deliver excellence at every level, and today's healthcare system is in a far stronger and more stable position than ever before," Englert said in a statement ,
Kaiser also resigned from his roles as dean of the Temple Temple of Medicine in Temple and as senior executive vice president of health sciences.
As of September 30, Stuart McLean, Chief Restructuring Officer, will be the acting CEO of the healthcare system, the university said. In addition, Emeritus Dean John M. Daly will act as interim Dean of the medical school.
Kaiser is a trained thorax surgeon and former president of the University of Texas Health Science Center in Houston. He also held various positions in the health system of the University of Pennsylvania.