The Kennewick Public Hospital District Board of Commissioners announced today that it has contracted with Quorum Health Resources to lead the organization through a major project to return Trios Health to financial health. The agreement includes the hiring of a chief restructuring officer (CRO).
“Trios Health’s financial challenges have persisted for a number of years,” said Marv Kinney, KPHD Board president. “Following the recent financial, operational, and strategic assessment done by Quorum, a management consulting firm hired by the Board, the Commissioners entertained a range of ideas and proposals to address Trios Health’s challenges. We have decided to move forward with Quorum’s recommendations.”
Craig R. Cudworth, LFACHE, began his assignment as CRO beginning February 1, according Kinney. “Craig has substantial experience in turning organizations around to financial health. We believe that with Quorum’s initial assessment efforts, Craig can hit the ground running toward significant improvements,” Kinney said.
Since 1993, Cudworth has worked successfully in transitional, change-management, administrative, and operational capacities for several health systems across the country. Most recently, he served as acting chief executive officer for Franklin Foundation Hospital in Franklin, Louisiana. He has completed additional assignments on behalf of Quorum for Newberry County Memorial Hospital in Newberry, South Carolina, Hancock Medical Center in Bay St. Louis, Mississippi, and Tippah County Health Services in Ripley, Mississippi. He holds a Master’s in Health Care Administration from Virginia Commonwealth University/Medical College of Virginia in Richmond, Virginia.
“The people of the Tri-Cities expect, and deserve, choices among the highest quality healthcare that can be provided outside a big city. It is our intention to continue to be here, as promised: whenever, wherever, and however our community needs us,” Kinney said.
“We have weathered all manner of challenges as a healthcare organization in our 65 years. Some of the storms we saw coming, some we didn’t. Despite those times, we have exceptional and dedicated providers and staff, and we are confident that brighter days are ahead,” he added.