Update: The continuing saga of saving Brady hospital...big job to turn the hospital around and establish relief for financial debt which is more than one person at work, it's a team..but perhaps the new plans might offer some light at the end of the hall with the nonprofit corporation at the helm..4 CEOs in 3 years...BD
Grady hospital chief executive Otis Story is leaving the hospital after less than a year in the post, marking another speedy departure of a leader trying to turn around the financially imperiled medical system. Story was the fourth CEO at the sprawling charity care hospital since 2005.
The abrupt departure of the CEO comes at a time of turbulent change at Grady, which has been struggling to keep its financial head above water. The hospital is so deeply in debt that officials last year said it was close to closing.
In turn, political and business leaders have crafted plans to boost the hospital's coffers by millions, but have demanded in return that the Grady board hand over daily control of the hospital to a newly formed nonprofit corporation.