| May 14, 2001
Robert D. Martin, PhD, Named Chief
Executive Officer of the University of Pennsylvania Health
PA) -- Dr. Judith Rodin, president of the University
of Pennsylvania, today announced the appointment of
Robert D. Martin, PhD, as Chief Executive Officer of
the University of Pennsylvania Health System (UPHS),
effective immediately. This appointment confers to Martin,
on a permanent basis, the top administrative position
of the Health System -- which has been held by him for
the past 10 months on an interim basis. Prior thereto,
he was the Chief Operating Officer.
"Since becoming interim CEO last July, Robert has
been leading the financial turnaround of the Health
System," said Dr. Rodin, in announcing the appointment.
"His appointment as CEO is a recognition of his
stewardship during these demanding times."
Under Martin's leadership, the University of Pennsylvania
Health System reversed its downward spiral of ever-increasing
operating losses -- a $98 million loss in fiscal year
1998, followed by a $198 million loss in FY99. By developing
and implementing a carefully crafted Financial Recovery
Plan, Martin and his senior management team effected
a record-breaking financial turnaround of $170 million
in one year, closing the gap to only $30 million in
losses for FY 2000. Building on that momentum, the Health
System has reported an $18.5 million operating profit
for the first six months of the current fiscal year.
"I am privileged to be part of the success we have
achieved in restoring financial integrity to our Health
System," said Dr. Martin. "Our significant
recovery is the result of the hard work and dedication
of our talented faculty, employees and senior management
team, as well as the loyalty and confidence of our patients,
whom we are honored to serve.
"We will continue to have financial and other challenges
as we remain committed to providing superb patient care
in the context of our medical education and research
goals, but I remain confident we have the resourcefulness
and resolve required to see us through these issues
as well," he added.
In a short time, Martin has taken on increasingly more
responsible positions within the Health System. He came
to Penn as Executive Director of Clinical Care Associates
(CCA), the primary-care
network for the Health System. During his tenure in
that position (August 1997 to March 1999), he had
direct responsibility for ensuring the seamless and
efficient delivery of health-care services within the
Before joining the University of Pennsylvania Health
System, Martin was Chief Administrative Officer and
Treasurer to the Board of Governors at the Mayo Clinic
in Scottsdale, Arizona. There, he developed a 10-year
business plan addressing hospital strategy, managed-care
strategy, primary-care strategy, and management development.
From 1989 to 1995, he served as Senior Vice President
for Finance and Administration and CFO for Scottsdale
Memorial Health Systems.
A graduate of the University of North Texas, Martin
holds M.A. and Ph.D. degrees in economics and finance
from Southern Methodist University.
Dr. Martin and his wife, Theresa, reside in Wayne, Pennsylvania.
The University of Pennsylvania Health System was established
in 1993 as the nation's first fully integrated academic
health system. It is comprised of the University of
Pennsylvania Medical Center [which includes Penn's School
of Medicine, the nation's first medical school; and
the Hospital of the University of Pennsylvania (HUP),
the nation's first teaching hospital], Pennsylvania
Hospital (the nation's first hospital), Presbyterian
Medical Center, Phoenixville Hospital, as well as educationally-affiliated
hospitals, multi-specialty satellite facilities, a primary-care
provider network, and home health, hospice, and long-term
The University of Pennsylvania Health System is committed
to excellence and innovation in patient care, medical
education, and research. The Hospital of the University
of Pennsylvania was named one of the country's top ten
"Honor Roll" hospitals by U.S. News &
World Report in that magazine's last annual survey (2000)
of the best hospitals in America. In that same publication's
latest ranking of medical schools (for 2001), the University
of Pennsylvania School of Medicine was ranked #4 in
the nation. And Penn's School of Medicine is ranked
#2 in the nation in terms of research funding granted
by the National Institutes of Health (NIH) -- perhaps
the single most important barometer of research strength.
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