Company Profile
Prime Healthcare
Company Overview
Founded in 2001, Prime Healthcare has emerged as one of the nation’s leading hospital systems. Prime Healthcare was founded by Dr. Prem Reddy, a physician with a mission to save hospitals, improve community healthcare and provide the very best care to patients.
Our philosophy is that all healthcare is local. Each of our hospitals serve the unique needs of their communities while providing exceptional care with the strength and support of Prime Healthcare. Through a physician-directed and patient-centered model, passionate dedication to quality, evidence-based best practices, operational efficiency, technology and capital investment, our hospitals are recognized among the best in the nation. Prime Healthcare has been named a “15 Top Health System” by Truven and our hospitals are consistently among the “Top 100 Hospitals” in the country.
Prime Healthcare stands apart from others by its unique ability to save and transform hospitals. We have been named the “fastest-growing hospital system” in the country by Modern Healthcare. And as we continue to grow and fulfill our mission of “saving hospitals, saving jobs and saving lives,” we remain committed to delivering exceptional care, and creating a legacy that will improve healthcare.
Prime Healthcare and the not-for-profit Prime Healthcare Foundation employ nearly 40,000 staff and own and operate 45 acute care hospitals in Alabama, California, Florida, Georgia, Indiana, Kansas, Michigan, Missouri, Nevada, New Jersey, Ohio, Pennsylvania, Rhode Island, and Texas. Prime Healthcare was recognized by IBM Watson Health as a Top 15 Health System in the nation in 2008, 2012 and 2013.
Company History
The seeds of Prime Healthcare’s success were first sown in the High Desert region of Southern California where Dr. Prem Reddy began practicing medicine in the 1980s. It was there Dr. Reddy built Prime Healthcare’s flagship facility, Desert Valley Hospital, to serve the community. Desert Valley Hospital has been recognized as a Top 100 Hospital in the nation six times.
Desert Valley Hospital was sold to another corporation for a few years, and immediately began faltering. In 2001, Dr. Reddy formed Prime Healthcare Services to re-purchase the hospital, rescuing it from bankruptcy and setting the standard for quality healthcare that continues throughout the hospital network to this day. Prime Healthcare's motto is "Saving Hospitals, Saving Jobs, Saving Lives" which the company continues to do as it grows.
From the lessons learned during the transformation of Desert Valley Hospital, Prime Healthcare’s model was established and now leads to the rescue and transformation of financially struggling community hospitals across the country. Prime Heathcare is nationally recognized for award-winning quality care and has been named a Top 10 and Top 15 Health Systemby Fortune/IBM Watson Health. Its hospitals have also been named among the nation’s best as ”100 Top hospitals” 58 times by Fortune/IBM Watson Health and have received more Patient Safety Excellence Awards from Healthgrades than any other health system in the past six years (2016-2021).
Three years after the formation of Prime Healthcare, the company purchased the second hospital in the family, Chino Valley Medical Center, when Dr. Reddy was asked to save the hospital from bankruptcy. Growth continued throughout the early 2000s, and in recent years has increased pace as the shifting healthcare landscape endangered more and more small community hospitals, threatening to close them without financial support. To date, Prime has invested more than $1.7 billion in capital improvements for its hospitals since 2005.
Prime Healthcare has expanded to 45 hospitals in 14 states across the country. In recognition of our impressive growth and success, Prime Healthcare has been named “The Fastest Growing Hospital System” in the country by Modern Healthcare. Every hospital acquired in financial distress has been transformed and none have been closed. Our experienced turnaround team has a record of success in finding operational efficiencies and minimizing bureaucracy to create an efficient healthcare delivery model. Our decentralized structure allows local leadership to make the right choices for their community, while benefiting from corporate guidance and support.
Notable Accomplishments / Recognition
Awards are a recognition that what we do and how we do it, every day, truly matters. Dedication to clinical excellence is at the core of our mission and we’re grateful that our clinical quality is nationally recognized.
RANKED A TOP HEALTH SYSTEM BY TRUVEN ANALYTICS (NOW IBM WATSON HEALTH)
Prime Healthcare has been recognized as a Top 10 and Top 15 Health System three times
Prime Healthcare was the only health system west of the Mississippi to receive Top 10 Health System recognition in the nation
NAMED AMONG THE NATION'S "100 TOP HOSPITALS" BY IBM WATSON HEALTH
Prime Healthcare hospitals have ranked among the nation’s “100 Top Hospitals” 58 times
In 2021, five Prime Healthcare hospitals were named to the "100 Top Hospitals" list. Three of the six hospitals honored received an “Everest Award,” which recognizes hospitals that have earned the “100 Top Hospitals” designation and ranked among the top 100 hospitals in the nation for rate-of-improvement during a five-year period
This year’s annual ranking also introduces the measure of hospitals’ contributions to community health with a focus on equity
Recipients of the "100 Top Hospital" award in 2021 include:
East Liverpool City Hospital in East Liverpool, Ohio, a four-time honoree and recipient of the Everest Award for three consecutive years (2018-2020)
Mission Regional Medical Center in Mission, Texas, a two-time honoree and recipient of the Everest Award in 2020 and 2021
Saint Mary’s Regional Medical Center in Reno, Nevada, a two-time honoree and recipient of the Everest Award in 2020 and 2021
Coshocton Regional Medical Center in Coshocton, Ohio, a first-time honoree
Lehigh Regional Medical Center in Lehigh Acres, Florida, a first-time honoree and first-time recipient of the Everest Award
CLINICAL EXCELLENCE BY HEALTHGRADES
Prime Healthcare hospitals have been recognized with nearly 300 achievements for clinical excellence in a variety of specialties.
Prime Healthcare has more Patient Safety Excellence Award recipients for five consecutive years (2016-2020) than any other health system in the country. In 2020, 36 of its hospitals in 13 states received this designation.
PATIENT SAFETY & QUALITY BY THE LEAPFROG GROUP
Twenty-two Prime Healthcare hospitals were awarded an "A" in the Spring 2021 Leapfrog Hospital Safety Grade, a designation widely acknowledged as one of the most competitive honors American hospitals can receive for patient safety and quality. The Spring 2021 awardees are:
Alvarado Hospital Medical Center, 5th "A" in a row
Centinela Hospital Medical Center, 6th "A" in a row
Dallas Medical Center
Dallas Regional Medical Center, 6th "A" in a row
Desert Valley Hospital, 6th "A" in a row
East Liverpool City Hospital, 7th "A" in a row
Garden Grove Hospital Medical Center, 4th "A" in a row
Lake Huron Medical Center, 6th "A" in a row
Landmark Medical Center, 3rd “A” in a row
Mission Regional Medical Center, 2nd "A" in a row
Montclair Hospital Medical Center, 3rd “A” in row
Pampa Regional Medical Center, 2nd "A" in a row
Paradise Valley Hospital, 2nd "A" in a row
Providence Medical Center, 4th "A" in a row
Riverview Regional Medical Center, 5th “A” in a row
Saint Clare's Denville Hospital, 6th "A" in a row
Saint Clare's Dover Hospital, 6th "A" in a row
Saint Mary's Regional Medical Center, 10th "A" in a row
San Dimas Community Hospital, 6th "A" in a row
Sherman Oaks Hospital, 6th "A" in a row
St. Joseph Medical Center, 4th "A" in a row
St. Mary's Medical Center, 8th "A" in a row
RANKED “TOP PERFORMER ON KEY QUALITY MEASURES” BY THE JOINT COMMISSION
In 2015, 16 Prime Healthcare hospitals earned national recognition as a “Top Performer on Key Quality Measures” from The Joint Commission, the leading medical accreditation organization in the country.
NATIONAL AWARDS MEAN SAFER PATIENTS
With nearly 3,000 U.S. hospitals surveyed, the hospitals demonstrated that high-quality patient outcomes can be achieved while improving efficiency. If all hospitals in the U.S. performed at the same level as the 100 Top Hospitals award winners:
Nearly 126,500 additional lives could be saved
Nearly 109,000 additional patients could be complication-free
$1.8 billion in inpatient costs could be saved
The typical patient could be released from the hospital half a day sooner
Episode-of-illness expense would be 2 percent lower than the peer median
Benefits
Prime Healthcare prides itself in rewarding its employees with a comprehensive, competitive benefits packet designed to provide employees with the flexibility to tailor benefits according to their needs. Our wealth of resources and programs include: Medical, Dental, Vision, Paid Time Off, Tuition Reimbursement and the following resources and voluntary benefit options:
401K program
Employee Assistance Program
Discounted recreational/event tickets
Basic Life Insurance and Accidental Death & Dismemberment
Health Care Spending Account
Dependent Care Spending Account
Universal Life Insurance
Critical Illness Insurance
Voluntary Short Term Disability
Accident Insurance
Optional Life Insurance
Voluntary Long Term Disability
Prepaid Legal Plan
Home/Auto Insurance
Pet Insurance
Identity Theft Protection
Cancer Insurance
Emergency Care Travel Assistance
Commute Assistance/Rideshare Program (varies on location)
Discounted fitness and mobile phone rates
In addition to what Prime Healthcare does for you, you can be proud to know that every day you are part of bringing affordable, quality healthcare to your community and country.