Health Care
University of Maryland Medical Center Transformation
The Executive Team transformed the Medical Center from a worn out state government operation in 1984 with a capital deficit of $500M to a nationally recognized private institution that attracted the best Doctors, Nurses, and Technologists by 2003.
Challenge, Strategy, and Results: The spiral strategy iteratively built plant capacity to grow revenues, increase the debt capacity to issue bonds, raise money through philanthropy, and hire nationally respected clinicians who would then drive multiple spirals of revenue growth and plant improvement.
Executive leadership set direction, vision, master planning, and re-development of 3.2 million sq. ft. facility and over $500 million dollars of capital investments in facilities, equipment, and technology to include expansion to 5 hospital sites and several primary and specialty care sites throughout Central Maryland.
Completed four major building projects: Shock Trauma Center — 1989 ($45M), 189,000 sq. ft.; Gudelsky Building — 1994 ($170M), 260,000 sq. ft.; Schaeffer Rehab Center — 1996 ($30M), 150,000 sq. ft.; Weinberg Building — 2003 ($200M), 380,000 sq. ft.