Dive Brief:
- Joseph Trunfio, president and CEO of Atlantic Health System, one of the largest hospital systems in New Jersey, has announced his retirement after 15 years at the organization.
- During his tenure, the system grew from 5,000 to almost 14,000 employees. It acquired hospitals in the northwestern part of New Jersey and increased revenue from $750 million in 1999 to $2 billion today, according to an Atlantic spokesperson. While he was at the helm, the organization also created one of the biggest accountable care organizations in the nation.
- Atlantic Health System includes Morristown, Overlook, Newtown and Clinton medical centers. Trunfio, who is 67, will stay on the job until his replacement is identified.
Dive Insight:
Atlantic will likely be looking for a replacement for Trunfio who has similar foresight about the healthcare industry. This past year, Trunfio was one of the leaders of a group of seven hospital systems in New Jersey, Pennsylvania and New York that banded together to create AllSpire Health Partners. This group is the largest such alliance in the nation with hospitals worth a total of more than $10 billion.
During a time when hospitals are trying to leverage size to reduce costs and improve quality, the group joined forces to share clinical and economic capabilities. The providers, who treat more than 9 million people combined, plan to undertake joint efforts in areas including population health management, patient care and research.
