Reid Hospital names new president, CEO
The
Reid Hospital Governing board this week chose its chief financial officer, Craig C. Kinyon,
to succeed President Barry MacDowell effective Oct. 13. MacDowell retires later this
year after 34 years at Reid, serving as Reid President for the past twenty years.
Kinyon, a Reid administrative team member since 1995, was selected from three finalists, two external, for the position, said Jon Ford, Reid Governing Board Chairman. "We conducted a nationwide search, working with a top executive search firm. With outstanding candidates to choose from, we felt Craig was the right person to lead Reid in this new phase of Reid history," Ford said. "Craig is a respected member of our administrative team who already plays a central daily role in Reid's mission," Ford said. "He also has a clear understanding and appreciation of the special Reid culture and the positive direction we are heading as we move further into our second century in our brand new hospital."
With Kinyon at the helm as chief financial officer, Reid has obtained two AA category bond ratings, a rare feat that puts Reid in the top two percent of hospitals nationally, Ford said. "That reflects the fact that Reid continues to be well-managed and in solid financial condition, making it possible for us to be able to remain dedicated to health care as a mission -- even while maintaining the good business principles that keep it financially sound," Ford said. "The bottom line is that a not-for-profit hospital dedicated to its patients and community health must also make wise decisions to be able to continue to provide all needed services in a cost effective manner. Craig clearly understands that."
Ford noted that Reid's bond ratings help reduce overall costs to the community. "The good financing terms we were able to obtain for this project are directly related to Reid's quality indicators, past leadership and our financial condition."
Kinyon joined the Reid team in July 1995 as vice president and chief financial officer, having served in a similar position at Fayette Regional Hospital in Connersville, where he was interim CEO for a period of time, Ford said. "Craig has a keen understanding of health care and the issues we all face. He is known for his level head, his professionalism and his ability to work and motivate in a team environment."
As CFO, departments reporting directly to him have included Information Services, Radiology, Accounting, Patient Financial Services, Patient Access Services, Audit Services and others. He brings 26 years of hospital management experience. In addition to his service in Connersville, he served as director of accounting at Lafayette Home Hospital in Lafayette, Ind., accounting manager at Montefiore Hospital in Pittsburgh, and cost accountant at Babcock & Wilcox in Beaver Falls, Penn. He became a Certified Public Accountant in 1987.
As President and CEO, Kinyon will direct a team of approximately 1700 employees – the largest employer in Eastern Indiana. He will be accountable to the hospital's Governing Board and reflect the leadership philosophy of service that is central to Reid's organizational personality.
MacDowell expressed a positive reaction to the Board's decision. "It has been both a personal and professional privilege to work with Craig these past thirteen years. I applaud the Board's insight and vision. Craig is an ideal choice to lead a very special team of committed people."
Howard Deitsch, M.D., Governing Board member who served on the executive search committee, said it is a tribute to Kinyon that he was chosen from a pool of excellent candidates. "Craig knows the community, he knows the organization and understands physicians' needs and their relationship with the hospital," Deitsch said. "He will work well with our physicians as we move forward."
Another member of the Governing Board and Search Committee, Paul Rider M.D., said "I find Craig to be approachable, a good strategic thinker and he knows our markets well. That's a very good combination."
Kinyon said he shares MacDowell's established philosophy as a "servant leader."
"I am honored by this opportunity and excited about Reid's past successes
and where Reid is headed," Kinyon said. "We are in a historic time, about to christen
into service the region's most technologically advanced health care center. Yet, our
success has always, fundamentally, been because of the quality and commitment of Reid's
people. Personally, it's humbling to know I will serve this team as CEO."
Ford said MacDowell's 20-year tenure as CEO at Reid is just one illustration of the stability found throughout the community's hospital. "Our people don't just provide this caring spirit to patients and families - they also have this same respect and spirit toward one other. That's why Reid is also an employer of choice in the region and recognized as one of the Midwest's leading hospitals."
"By any measure, Reid is an incredibly successful organization headed in the right direction," Kinyon said. "As CFO and now as CEO, I see myself along with the rest of our team as truly being directed by the people who receive our care. We must continue to make wise decisions and always keep in mind our mission of caring for people, body, mind and spirit."