Who Predicted the Financial Crisis - Economic ... - CEO Magazine

Paul J. Diaz
CEO of Kindred
Healthcare Inc.
The Healthcare CEO
Company Profile
Industry: hospitals and
long-term healthcare
facilities
Employees: 39,500
Revenues: $4B
Market Cap: $0.5B
52 www.ceoqmagazine.com | Q4 / 2010
CEO Awards
Most Respected CEOs
Paul Diaz
Kindred Healthcare
CEO Achievements
Paul Diaz is the President and
Chief Executive Officer of Kindred
Healthcare, Inc., one of the largest
providers of healthcare services in
the United States.
Kindred is a New York Stock
Exchange (NYSE) listed company
with revenues in excess of $4 billion
and over 54,000 employees in 41
states.
Fiscal 2009 was a year of solid
operational and financial performance
at Kindred Healthcare, despite a
difficult economic, regulatory and
reimbursement environment.
Revenue gains in each of its three
operating divisions: Hospitals – 5%,
Nursing and Rehabilitation Centers
– 3% and Peoplefirst Rehabilitation
– 11%. Overall revenues of $4.3
billion were 4% ahead of last year
In the past two years, Modern
Healthcare magazine named Mr.
Diaz one of the 100 Most Powerful
People in Healthcare.
In 2008, Modern Healthcare named
him one of the top 25 Minority
Executives in Healthcare. In addition,
in both 2008 and 2009 Hispanic
magazine named Mr. Diaz one of
the 25 Best Latinos in business.
CEO Bio
Mr. Diaz is an attorney and
accountant who earned a bachelor’s
degree in Finance and Accounting
from American University’s Kogod
School of Business and a law degree
from Georgetown University.
Mr. Diaz serves on the Board
of Directors of DaVita (NYSE:
“DVA”), and the Board of Visitors of
Georgetown University Law Center.
He was formerly on the Board
of PharMerica Corporation
(NYSE:PMC), the Board of the
Bloomberg School of Public Health
at Johns Hopkins University, and
the Board of Trustees and Executive
Committee of the Suburban Hospital
Healthcare Systems in Bethesda,
Maryland.
CEO Insights
Our strong financial results
were driven by continued
improvement in our people,
quality and customer
services goals and reinforced our
Management Philosophy: If we take care
of our people, and focus on quality and
customer service, our business results
will follow
I have been extremely lucky over the
years, primarily in having good mentors
who looked after me and helped me get
stronger
My advice for the up and coming is
to broaden your skill-sets, learn the
operations, the finance and the customers
[relationship management]
We often approach our job as a silo. To
have a broad-based sense of what we
do is very important
Our mission is to promote healing,
provide hope, preserve dignity and
produce value for each patient, resident,
family member, customer, employee and
shareholder we serve
Our investments in staffing, training and
the modernization of our physical plants
are also paying off, as we continue to
enhance our capabilities to serve shortstay
rehabilitation patients and higher
acuity longer term residents
About Kindred Healthcare
Kindred operates a diverse blend of health care
service businesses including long-term acute care
hospitals, skilled nursing facilities and contract
rehabilitation sites in more than 600 locations across
the United States.
Q4 / 2010 | www.ceoqmagazine.com 53