Dr. Prem Reddy’s Appointment as the FAH’s Chair-Elect for 2021
It is an honor to be chosen to serve as Chair of the Federation this year.
The Federation of American Hospitals (FAH) comprises more than 1000 health systems and community hospitals in the United States. Among its members are Urban and Rural hospitals, including inpatient rehabilitation, psychiatric, long-term acute care, and cancer hospitals. The FAH has named Dr. Prem Reddy, a visionary leader and medical entrepreneur best known as the founder of Prime Healthcare, one of the largest hospital chains in the world.
The focus of Dr. Reddy's life has centered on learning, mastering, and improving healthcare our reach in general. Dr. Reddy is a double board-certified professional in Cardiology and is among one of the most respected names in the industry. He has completed over 5000 cardiac procedures and is renowned for his mastery of angioplasty, a medical procedure that ranks very high on the scale of difficulty of completion.
Dr. Reddy has contributed to the FAH's policymaking strategy and has been a tireless advocate for patients. A new slate of Board of Directors will also serve with Dr. Prem Reddy as he takes the torch from David Dill, the chairman, and CEO of LifePoint Health, the FAH chair for 2020.
Having dedicated multiple decades of his career to saving lives and hospitals, Dr. Prem Reddy brings an important perspective to the FAH as a medical practitioner and entrepreneur. Placed at the helm of the Federation, Dr. Reddy is expected to exercise his inquisitive mind and business acumen to meet the challenges of 2021.
"It is an honor to be chosen to serve as Chair of the Federation this year. I look forward to working with my colleagues on the board and the FAH team as we fight our way out of the COVID crisis and start to plan for a post-pandemic world." Dr. Reddy said, addressing his assignment as the chair of the FAH.
Dr. Prem Reddy: The Background and Prime Healthcare
Dr. Prem Reddy hails from Andhra Pradesh, a southern state in India. He moved to San Bernardino, California, in 1976 to pursue higher education in medical science. Upon completing his degree in San Bernardino, the Cardiology specialist quickly made a name for himself with his success rate in Angioplasty. He became a permanent resident of Victorville and began to foray into the world of medical entrepreneurship.
He established the Desert Valley Hospital in 1994, which later became the Prime Healthcare hospital system familiar to American citizens as one of the longest hospital chains in the world. The establishment of Prime Healthcare sparked the organic growth of the chain into an ecosystem comprising 46 hospitals and over 300 outpatient locations in over 14 states. As a result, Prime Healthcare has evolved into a juggernaut, registering over 2.6 million footfalls annually, employing over 50000 clinicians.
Dr. Prem Reddy has orchestrated numerous charitable initiatives and has donated millions of dollars to improve healthcare outreach. Educational scholarships, community initiatives for vaccinations, health check-ups, and free healthcare initiatives are some of the many causes he has helped to fund since 2010. Dr. Prem Reddy has donated well over $800 million to power the vision of non-profit hospitals and educational initiatives.
The Dr. Prem Reddy Family Foundation, located in Victorville, California, is the primary effort of the passionate Cardiologist. It was built to enrich the community of California with healthcare. The foundation has been involved with numerous charitable causes since its inception in 1986. It began life as the Desert Valley Charitable foundation soon after the establishment of the Desert Valley Hospital. The Dr. Prem Reddy family foundation has funded free clinics and quality care delivery for people unable to afford it.
The Foundation has established powerful strategic partnerships with dedicated charitable organizations. These business relationships were instrumental in uplifting the High Desert and Inland Empire communities. Among the notable names recognized worldwide, the foundation has joined hands with Make a wish, Samaritan's Purse, and Northern Nevada Hopes, to name a few.
The FAH has acquired the services of a highly accomplished, determined, and tactful medical practitioner and businessman in Dr. Prem Reddy. In 2021, his influence is bound to benefit the federal agencies such as the CMS and the ONC with innovative strategies to overcome the lingering challenges of the COVID-19 pandemic and promote the concept of Value-Based Care (VBC).
Learn more about Dr. Prem Reddy
Prem Reddy, MD, FACC, FCCP
Chairman, President & CEO
Dr. Prem Reddy, MD, FACC, FCCP, is a physician, entrepreneur and philanthropist. Dr. Reddy was born into a family of proud leaders in rural India where he learned the values and guiding principles that led to his remarkable accomplishments and generosity. The focus of Dr. Reddy's work has been to save failing hospitals, turn them into thriving community assets, and give back to the community, gifting hundreds of millions of dollars to causes related to healthcare and caring for others.
Dr. Reddy is double board-certified in Internal Medicine and Cardiology. During his 25 years of practice, he performed more than 5,000 cardiac procedures, including coronary angiography and angioplasty and permanent pacemaker implantations. Dr. Reddy has been named by Modern Healthcare as one of the “50 Most Influential Physician Executives” in healthcare nine times, the “25 Top Minority Executives in Healthcare” multiple times, recognized among the 500 Most Influential Business Leaders in Los Angeles by the Los Angeles Business Journal, and is consistently listed among the “Top 100 Physician Leaders to Know” and “Top 100 Most Influential People in Healthcare.” Dr. Reddy has also been honored locally in California with the 2017 Bernard Osher Philanthropists of the Year award, recognizing Dr. Reddy and his wife Dr. Venkamma Reddy for their generous support of Victor Valley College and other Southern California community colleges.
In 2001, Dr. Reddy formed Prime Healthcare Services with a mission to save hospitals, improve community healthcare and provide the very best care to patients. Prime Healthcare now owns and operates 45 hospitals and more than 300 outpatient locations in 14 states and is the fifth largest tax-paying hospital system in the nation. Among numerous accolades, Prime Healthcare has been recognized as one of the “10 Top Health Systems” and one of the “15 Top Health Systems” in the nation three times. Since 2003, Prime Healthcare hospitals have been recognized 58 times among the “100 Top Hospitals” in the nation by Fortune/IBM Watson Health.
Additionally, Dr. Reddy and his family founded the Dr. Prem Reddy Family Foundation, a non-profit foundation that has donated millions to charities supporting healthcare and education, including universities and college scholarships; national charities such as Boys and Girls Club; medical equipment for poverty stricken regions around the world; mental health care; and free community clinics. Dr. Reddy also founded the Prime Healthcare Foundation, a 501(c)(3) not-for-profit public charity that owns 14 of the Prime Healthcare hospitals. Combined, the foundations have assets of $1.3 billion, all donated by Dr. Reddy and his family. Driven by Dr. Reddy’s life-long passion for healing and education, the Foundations act as stewards of private funds to be used for public good and fulfill a commitment to give back to communities. Dr. Reddy made a $60 million commitment to establish the California University of Science and Medicine, (CUSM), a non-profit medical school located in Southern California that welcomed its first class of medical students in July 2018. Dr. Reddy serves as Chairman of the Board of CUSM and also serves as Chairman of the Federation of American Hospitals (FAH) 2021 Board of Directors.
Living up to its motto of “Saving Hospitals. Saving Jobs. Saving Lives,” Prime Healthcare has invested approximately $1.7 billion since 2005 on capital improvements and equipment to modernize and improve its hospital facilities, and has provided more than $9 billion in charity and uncompensated care since 2010. Led by Dr. Reddy, Prime Healthcare is continuing its promise to provide compassionate care and clinical excellence to patients and families in more than 600 communities across the United States.