As a vice provost, Mitchell R. Creem provides expert leadership and guidance as the university negotiates to reacquire the University Hospital and USC Norris Cancer Hospital from Tenet Healthcare Corporation. During this time, he is primarily focused on due diligence, negotiations, operational planning, capital planning and financing strategies, clinical programming, and strategic planning. He reports directly to the provost.
Before coming to USC, Vice Provost Creem served as the associate vice chancellor and chief financial officer for the UCLA Medical Sciences, a group of institutions that includes the Geffen School of Medicine at UCLA, UCLA Faculty Practice, and the UCLA Hospital System. In this capacity, he had responsibility for a combined budget of more than $2 billion, with over $400 million in medical science research. In addition to these duties, Vice Provost Creem served briefly as interim chief information officer for UCLA Medical Sciences, where his primary focus was on developing the information technology strategy and transition plan for the new hospital buildings.
Vice Provost Creem came to USC with 25 years of management experience, covering all aspects of the healthcare industry, including hospital, research, and faculty group practice management. Before joining UCLA, he was chief financial officer for the Beth Israel Deaconess Medical Center (BIDMC), a Harvard teaching hospital with an annual budget of $1 billion, and the Tufts-New England Medical Center (T-NEMC), a Tufts University teaching hospital. These medical centers were in significant financial distress when he assumed the CFO position. He implemented their turnaround plans, leading each from significant operating losses to profitability within two years. In each case, employee morale improved significantly, as did patient and referring physician satisfaction. The turnaround plans for these medical centers targeted a number of vital areas: revenue enhancement, collection improvement, new payor contracts, FTE reduction/restructuring, non-labor cost reduction, and capital restructuring strategies. The plans also included investments in key areas of operations to enhance throughput and improve productivity. These financial turnarounds ultimately saw a $100 million bottom-line improvement at BIDMC and $30 million at T-NEMC. His leadership at UCLA, meanwhile, led to a $60 million bottom-line improvement.
Vice Provost Creem has also held several key administrative and financial positions at Massachusetts General Hospital in Boston, where he helped launch two for-profit subsidiaries in international telemedicine services and hardware/software sales. He also worked for several years in a senior management position at the Healthcare Practice Group of PricewaterhouseCoopers, where he was responsible for numerous consulting engagements, financial statement audits, and financial feasibility studies. In the hospital and healthcare sector, he has considerable experience with business valuation and pricing strategies; organizational, financial, and governance structures; strategies for clinical and operational consolidation; bankruptcies and reorganizations; and healthcare startups.
Vice Provost Creem holds a master's degree in Health Administration from Duke University and a B.S. in Accounting and Business Administration from Boston University. He has served on numerous boards of community hospitals and hospital and physician joint ventures. He has been a guest lecturer at USC, UCLA, and Harvard University.
The Provost
· Senior Administrators and Vice Provosts
Academic Deans
· Decanal Searches
University Strategic Plan
· Announcements from the Provost · Articles and Speeches
Office of the Provost Home
|
