Adventist promotes CFO/COO Terry Shaw to president/CEO

Terry Shaw will be Adventist Health System’s president and CEO effective immediately, the company announced Dec. 8.

Shaw has spent 34 years at Adventist, beginning as a business intern in 1982. His resume includes a stint as director of Florida Hospital. He’s been an executive vice president since 1996, CFO since 2000, and COO since 2010.

“It is a tremendous honor and responsibility to be chosen to lead this organization," Shaw said in a press release. "I look forward to building on the successful foundation that has been laid and working with our leaders and employees across the system as we continue our sacred mission of Extending the Healing Ministry of Christ.”

Shaw will oversee Adventist’s 46 hospitals across 10 states, which reported $8.9 billion in operating revenue for 2015 and has about $2.8 billion in net assets.

He’ll be taking over from Don Jernigan, who will be transitioning to a teaching role at the Adventist Health System Leadership Institute after a decade as president and CEO.

“Terry's experience serving as CFO and COO combined with his breadth of organizational understanding from financial, operations and clinical improvement perspectives will serve Adventist Health System well,” Jernigan said. “The future is bright for our organization, and with God's guidance and blessings, AHS will be able to provide even more Christian health care in the communities we serve as a clinically effective, fully integrated health system.”

""
John Gregory, Senior Writer

John joined TriMed in 2016, focusing on healthcare policy and regulation. After graduating from Columbia College Chicago, he worked at FM News Chicago and Rivet News Radio, and worked on the state government and politics beat for the Illinois Radio Network. Outside of work, you may find him adding to his never-ending graphic novel collection.

Around the web

Compensation for heart specialists continues to climb. What does this say about cardiology as a whole? Could private equity's rising influence bring about change? We spoke to MedAxiom CEO Jerry Blackwell, MD, MBA, a veteran cardiologist himself, to learn more.

The American College of Cardiology has shared its perspective on new CMS payment policies, highlighting revenue concerns while providing key details for cardiologists and other cardiology professionals. 

As debate simmers over how best to regulate AI, experts continue to offer guidance on where to start, how to proceed and what to emphasize. A new resource models its recommendations on what its authors call the “SETO Loop.”