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MICHAEL J.

O'GRADY, JR, FACHE 4030 Broadmoor Circle Voice: (773)-318-1313 Naperville, Illinois 60564 SUMMARY Broadly experienced health care executive with over 32 years of leadership for h ospitals and related entities, 20 years as CEO. Skilled in leading turnaround ef forts in troubled or otherwise challenged organizations and especially those wit h unbalanced relationships. Accomplished at managing organizations requiring a s ustaining strategy for continued growth and exceptional performance in clinical quality. Practiced in managing fund development. PROFESSIONAL EXPERIENCE NORWEGIAN AMERICAN HOSPITAL, Chicago, Illinois President and Chief Executive Officer Accountable for all dimensions of the Hospital, service corporation, and foundat ion success. Led a remarkable and sustainable recovery for the organization and its affiliates. Managed to full accreditation by the Joint Commission and create d the quality infrastructure for broad goal setting and monitoring. Crafted the selection of a turnaround partner, and appointed a new CFO, COO, VP of Quality, VPMA, VPPC and others to set new standards and role models of leadership. Functi oned as the chief sponsor for Medical Staff Quality Improvement. Set an example for personal accountability. Successfully managed financial recovery and ongoing performance, including: increasing cash from 8 to 115 days, tax-exempt borrowin g, revenue cycle multi-disciplinary process, supplemental Medicaid funding (recu rring and one-time) and balance sheet recovery. Positioned the organization to t ake full advantage of all relevant ARRA funding sources. Represented Norwegian A merican Hospital to its very at risk community. Served as a member of the Board of the Illinois Hospital Association, the Association of Community Safety Net Ho spitals of Chicago, Chicago Hospital Risk Pooling Program and Family Health Netw ork (FHN) a Medicaid managed care company. 2004 - 2009 SOUTHAMPTON HOSPITAL, Southampton, New York Interim Vice President and Chief Operating Officer Responsible for all operations, turnaround team building, legal affairs, and pro fessional contracting. Assisted the hospital CEO with physician relations. Insti tuted a successful Information Systems recovery effort. Provided the hospital CE O with recommendations and action advice to enhance turnaround efforts. 2004 MS CENTERS OF FLORIDA FOUNDATION, Vero Beach, Florida President/CEO Provided leadership for this unique organization, which combines a traditional F oundation model with networked and geographically disbursed physician practices. The MS Centers of Florida Foundation's Mission drives a commitment to an extrao rdinary level of quality in a comprehensive care model dedicated to the ultimate cure for Multiple Sclerosis and its devastating effects on patients and their l oved ones; and practice network development for Clinical Research. 2002 - 2004 * Directed a new charitable foundation start-up, including all aspects of compl iance with federal and state requirements. * Facilitated relationships and provided direction to a new network of geograph ically dispersed, community-based neurology practices, including communications infrastructure and comprehensive care modeling. * Launched clinical studies of physician extender impact on quality in Neurolog

y practices, and Proteomics in MS. * Managed ongoing fund development efforts. * Lobbied for and received start-up funding of over $1 million from a single co rporate donor. * Developed a business plan and organizational documents (Articles of Incorpora tion, Bylaws, etc.) for a Multiple Sclerosis foundation; incorporating both medi cal and social support systems. This important local enterprise began operations in May of 2002. MEDICAL RECRUITING & CONSULTING, Vero Beach, Florida Healthcare Consultant Provide consulting services in strategic planning, business plan development, in tegration planning and medical staff development and recruiting. 1999 - 2002 * Assisted client medical staff development efforts through physician recruitme nt throughout Florida. * Advisor to provider clients on strategic integration. Evaluated integration o pportunities for a healthcare system and a large regional behavioral medicine pr ovider. The scope of work covered analysis and recommendations for: * Reimbursement climate in healthcare markets. * Public and private ownership perspectives, as appropriate. * Assessment of the organization's financial strength and stability of provider s. * Implications of managed care in the marketplace. * Evaluation of cultural affinities. * Implications of the local, state and national political climate. NORWEGIAN AMERICAN HOSPITAL, INC., Chicago, Illinois A 200-bed, short-term, acute care, community hospital located in Chicago's north side. This 114-year-old Chicago landmark experienced significant losses of $2.3 million in 1998-1999 and an additional $6 million in 1999-2000. Brim Healthcare was retained for a turnaround engagement. 2000 Interim President/CEO Responsible for direction of the hospital, identifying operational changes neces sary to regain financial viability, and implementation of the Plan of Action. * Created a Corporate Compliance Plan. * Implemented revised Business Office systems and employed new information tech nology to reduce A/R from 125 days. Cash flow improvements realized immediately. * Designed a productivity driven reduction- in- force and implemented various s hort-term cost savings plans. * Reviewed payor contracts for appropriateness and re-negotiated terms for a ma jor payable * Created a Physician Manpower Plan and established a framework to rebuild phys ician relationships to grow market share. * Led the efforts to return the hospital to a break-even cash flow position and implemented the beginnings of a successful recovery. INDIAN RIVER MEMORIAL HOSPITAL, INC., Vero Beach, Florida A 347-bed, short-term, acute care, community hospital with revenues of $201M gro ss and $102M net. Subsidiaries owned by the hospital included: Indian River Heal th Services Corporation, a not-for-profit holding company (billing services, col lection company and computer support services), and Health Systems of Indian Riv er, a not-for-profit entity created to enable the hospital to function more entr epreneurially. 1978-1998

President/CEO Responsible for direction of the health care enterprise. Also served as Executiv e Director of the Indian River County Hospital District (IRCHD) through 1996. IR CHD is a special taxing district which funds and supports selected indigent care programs. 1985 - 1998 * Grew hospital's cash reserves from $5M to $102M while adding $50M in new faci lities and services. * Increased total assets from $33M to $185M. * Produced solid financial performance every year in spite of community and med ia pressure to break-even. * Increased hospital's market share in outlying service area from 30% to 50% by recruiting physicians from competing hospital. * Established PHO with 82% medical staff participation. * Succeeded in preventing HMO penetration of the market. * Created successful mental health system bringing first comprehensive mental h ealth services to community. * Established decision support function to measure and monitor productivity and outcomes. * Chaired the Florida Association of Community Hospitals and Health Systems and was able to influence the legislative process in passing laws which positively impacted the not-for-profit and public hospitals in the state. * Developed several new successful services including cancer center, ambulatory surgery center, chest pain management center, joint implant, and off-site cente rs for physical therapy, pulmonary rehab, and cardiac rehab. * Implemented mandatory educational requirements for medical staff members to p repare them to effectively serve in leadership roles. * Developed Partners Program in women's health, virtually eliminating the numbe r of pregnant women having no prenatal care prior to delivery. Vice President/Operations Responsible for the administrative direction of all hospital divisions, excludin g finance. Also responsible for contractual negotiations with hospital-based phy sician practices. Oversaw all hospital construction programs. Served as administ rative representative and resource to Medical Staff Executive Committee and othe r Medical Staff organizational activities. 1984 - 1985 * Actively participated in corporately reorganizing the hospital from a Special Tax District to a private, not-for-profit corporation, including participation in drafting articles of incorporation, bylaws, leasing instrument, indigent care agreement, and selection of the members of the new governing body. * Designed and directed the projects increasing bed capacity by 31%. * Obtained a $17.3million expansion Certificate of Need. Assistant Administrator Responsible for the administrative direction of a representative group of both p rofessional and support service departments. 1978 - 1984 * Established the hospital's Outpatient Surgical Program. * Negotiated several first-time, house-based, physician professional service ag reements. GREATER SOUTHEAST COMMUNITY HOSPITAL (420 Beds), Washington, D.C. A high volume, inner city, community-based health care provider. 1975 - 1978 Administrative Officer Administrative Assistant Administrative Resident

EDUCATION George Washington University, Washington, D.C. 1976 Master of Arts, Health Care Administration St. Bonaventure University, St. Bonaventure, New York 1973 Bachelor of Science, Business Administration Military Service: U. S. Army 1969-1972 PROFESSIONAL AND COMMUNITY AFFILIATIONS American College of Health Care Executives Illinois Hospital Association, Member, Board of Trustees Association of Safety Net Community Hospitals of Chicago Florida Hospital Association, Member, Board of Trustees Chairman, Committee on Strategic Planning Chairman, Legislative Issues Committee Co-Chairman, Committee on Federal Relations Association of Community Hospitals and Health Systems, (Florida) Chairman, Boar d of Directors Member, Legislative Committee Member, Healthcare Reform Committee United Way of Indian River County, Member, Board of Directors Visiting Nurse Association of the Treasure Coast, Member, Board of Directors Member, Finance Committee Hospice of the Treasure Coast, Past President, Board of Directors