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CAREER SALUTES Advertising Supplement Tripp Lite a Chicago-based electronics manufacturer, is extremely proud to recognize an important milestone reached by its longtime COO, Owen Michael (Mike) Brennan. Mike celebrates 50 years at Tripp Lite this year. A graduate of DePaul, he began his career at Tripp Lite as the Administrative Manager in 1966. At that time, the company employed about 30 people and manufactured primarily industrial lighting products. Over the decades, his unique mix of intelligence, business creativity and wonderful people skills helped him guide Tripp Lite’s growth from a small industrial manufacturing entity to a highly successful electronics manufacturer, with over 3500 skus. In addition to its significant organic growth, Tripp Lite completed a string of acquisitions over that time, including Datashield, Unison, GSC Electronics and Interex, as well as acquiring strategic individual product lines from companies such as TII Industries, Keyspan and Minicom. All of these successful transactions occurred under his watch and with his counsel. Among Mike’s proudest achievements are his ongoing career development efforts aimed at the many young employees he has mentored over the years. The company has been the beneficiary of those efforts, as many current executives were hired and tutored by Mike. Tripp Lite currently employs over 500 people, with most located at world headquarters in Chicago’s Bridgeport neighborhood. Relocating there from River North in 1998 was perfect for Mike, a native Southsider and lifetime White Sox fan. “Mike’s steady hand and reliable business judgment have helped guide the Tripp Lite ship to year after year of profitable, record- setting sales. He is both loved and respected in the Tripp Lite family. We are extremely proud of his achievements and congratulate him on his 50 years of success at Tripp Lite,” said Barre Seid, Tripp Lite’s Chairman. Founded in Chicago in 1922, Tripp Lite is a leading manufacturer of products to power, protect, manage, house, cool, connect and mount computers, electronics and digital signage. From the largest data center to home electronics, Tripp Lite products keep equipment running effectively and efficiently. www.tripplite.com

Not happiest place on Earth, but it has a plan · Owen Michael (Mike) Brennan. Mike celebrates 50 years at Tripp Lite this year. A graduate of DePaul, he began his career at Tripp

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Page 1: Not happiest place on Earth, but it has a plan · Owen Michael (Mike) Brennan. Mike celebrates 50 years at Tripp Lite this year. A graduate of DePaul, he began his career at Tripp

gating health care industry up-heaval and, in Illinois, the addednightmare of a state fiscal melt-down. Ghosh, a former businessschool dean, is pursuing growth

tied to improvements in qualityand safety, and emphasizingcancer, stroke and heart care aswell as transplant surgeries toboost the number of transfer pa-tients, which has doubled to4,000 in the last two years.

Is this helping the patient?Yes: The hospital, with nearly

19,000 admissions last year andalmost half as many surgeries,bounded up U.S. News & WorldReport’s Chicago-area rankingsthis month to No. 8 from No. 23(Northwestern Memorial re-peated in first place). The maga-zine awarded U of I Hospitalhigh scores for patient safetyand a demonstrated commit-ment to “reducing accidents andmedical mistakes.” Chief Med-ical Officer Bud Pygon says thisyear’s list assigns more weight topatient mortality rates, an insti-tutional strength.

No: The hospital got just one offive possible stars from the federalgovernment’s Centers for Medi-care and Medicaid Services,which cited patient satisfaction is-sues and higher reimbursementpenalties associated with read-mission rates. Next-door John H.Stroger Jr. Hospital got two stars,and nearby Rush University Med-ical Center received four.

Barish, who is proud of his hos-pital’s standings on the U.S. Newslist, discounts the one-star rating:“You’re not getting credit for themost severe cases.”

Both Barish, 63, and Ghosh, 65,are newcomers to the hospital.Barish arrived in January, havingbeen chancellor of the LouisianaState University Health SciencesCenter at Shreveport, which hesays was “great training” inlearning to cope with last-minutelegislative whims in another infa-mously corrupt state govern-ment. (A synergy-seeking reorga-nization two years ago put Bar-

ish’s job under the UIC chancel-lor instead of the university’s sys-temwide president and broad-ened its mandate beyond healthcare delivery to include sevenhealth science colleges.)

Ghosh, who also has an MBA,was business dean on the Ur-bana-Champaign campus and,later, university vice president fortechnology and economic devel-opment before coming to thehospital in 2014.

FUNDING SHRINKSThey are in a tough spot as state

funding for public universitiesshrinks. “The new leadership werecruited is very, very good. I feelsorry for them,” says Paul Brandt-Rauf, who is resigning after eightyears as dean of UIC’s School ofPublic Health to become, in Feb-ruary, dean of a new biomedicalengineering, science and healthsystems school at Drexel Univer-sity in Philadelphia. The state

budget farce figured in his deci-sion, he says, adding, “I can’t tellyou how many people called meup and said, ‘Take me with you.’ ”

Barish notes that the hospitaldoesn’t rely heavily on state fund-ing, but it is dependent on Medic-aid reimbursements, which havebeen slowed by the budget de-bacle.

Making matters worse, insteadof dealing with the state as a sin-gle payer, the hospital has con-tracts with six Medicaid man-aged-care companies, forcing itto add 100 employees by year-end to the 380 who clear medicalprocedures with insurers. Ghoshnotes that one self-insured stateplan is 400 days late in processingpayments.

The hospital’s MBAs, who in-clude Jodi Joyce, a registerednurse hired four years ago to fill anew position overseeing qualityand patient safety, are looking forfactory floor-like efficiencies toboost productivity and revenue,and to improve employee safety.Compared with two years ago,when 85 percent of patientsstayed past 5 p.m., half are dis-charged by 2 p.m., says DaleBeatty, chief nursing officer. Py-gon, the chief medical officer,says orthopedic surgery-relatedstays have been cut in half.

Simply put, these measuresfree up capacity. Lowering stub-bornly persistent readmissionrates will, too. Joyce says the hos-pital has trimmed them by 2 per-cent since late 2012, with sickle-cell anemia patients, many lack-ing home-front support, ac-counting for 30 percent of the1,560 readmissions in the 12months that ended in January.

In the last two years, the hos-pital’s government-imposedpenalties associated with read-missions have nearly doubled to0.27 percent of Medicaid reim-bursements and are set to rise to0.37 percent in fiscal 2017, whichstill comes to about half the na-tional average. “It looks like arounding error, but when you’retalking about hundreds of mil-lions of dollars, that really addsup,” says Allan Baumgarten, aMinneapolis-based consultantand author of Illinois HealthMarket Review.

Fred Lee’s Disney hospitalbook might guide Barish here.Chapter 1 advises, “Focus onwhat can’t be measured.”

Contact: [email protected]

12 AUGUST 15, 2016 • CRAIN’S CHICAGO BUSINESS

To place your Career Salute announcement contact Laura Warren at 773-814-3898 or

email [email protected] • www.chicagobusiness.com

CAREER SALUTES Advertising Supplement

Tripp Lite a Chicago-based electronics

manufacturer, is extremely

proud to recognize an

important milestone reached

by its longtime COO,

Owen Michael (Mike) Brennan. Mike celebrates 50 years at

Tripp Lite this year.

A graduate of DePaul, he began

his career at Tripp Lite as the

Administrative Manager in

1966. At that time, the company

employed about 30 people and

manufactured primarily industrial

lighting products. Over the

decades, his unique mix

of intelligence, business

creativity and wonderful

people skills helped him guide

Tripp Lite’s growth from a small

industrial manufacturing entity

to a highly successful

electronics manufacturer,

with over 3500 skus.

In addition to its significant

organic growth, Tripp Lite

completed a string of

acquisitions over that time,

including Datashield, Unison,

GSC Electronics and Interex,

as well as acquiring strategic

individual product lines from

companies such as TII Industries,

Keyspan and Minicom. All of

these successful transactions

occurred under his watch

and with his counsel.

Among Mike’s proudest

achievements are his ongoing

career development efforts

aimed at the many young

employees he has mentored

over the years. The company

has been the beneficiary of

those efforts, as many current

executives were hired and

tutored by Mike.

Tripp Lite currently employs over

500 people, with most located at world headquarters

in Chicago’s Bridgeport

neighborhood. Relocating

there from River North in 1998

was perfect for Mike, a native

Southsider and lifetime

White Sox fan.

“Mike’s steady hand and reliable business judgment have helped guide the Tripp Lite ship to year after year of profitable, record- setting sales. He is both loved and respected in the Tripp Lite family. We are extremely proud of his achievements and congratulate him on his 50 years of success at Tripp Lite,” said Barre Seid,

Tripp Lite’s Chairman.

Founded in Chicago in

1922, Tripp Lite is a leading

manufacturer of products to

power, protect, manage, house,

cool, connect and mount

computers, electronics and

digital signage. From the largest

data center to home electronics,

Tripp Lite products keep

equipment running effectively

and efficiently.

www.tripplite.com

Janie Krohmer, [email protected]

The Ideal Corporate Retreat or Executive Vacation Home

Lake Mendota, Madison, Wisconsin

T. Wall EnterprisesMgt., LLC

57 Cambridge RoadMadison, WI 53704

5 Beds | 5 Baths | $3,499,000

• 100 Feet of Lake Mendota frontage with multi-level patio & private pier

• Located in prestigious Maple Bluff, four houses from the Governor’s Executive Residence.

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HOSPITAL from Page 1

Not happiest place on Earth, but it has a plan

Robert Barish, left, vice chancellor for health affairs, and CEO Avijit Ghosh.

TODD

WIN

TERS

20160815News---0012-NAT-CCI-CCB-- 8/12/2016 3:57 PM Page 1