Prem Reddy, MD, FAAC, FCCP
Prem Reddy, MD, FAAC, 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 health care and caring for others.
Dr. Reddy is double board-certified in Internal Medicine and Cardiology. During his 25 years of practice in California, 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 health care eight times, the “25 Top Minority Executives in Healthcare” multiple times, and is listed among the “Top 100 Physician Leaders to Know” and “Top 100 Most Influential People in Healthcare.”
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 44 hospitals in 14 states and is the fifth largest for-profit 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, 38 Prime Healthcare hospitals have been recognized among the “100 Top Hospitals” in the nation.
Additionally, Dr. Reddy and his family founded the Dr. Prem Reddy Family Foundation, a nonprofit foundation that has donated millions toward charities, including providing college scholarships, public healthcare education and free community clinics. Dr. Reddy also founded the Prime Healthcare Foundation, a 501(c)(3) nonprofit public charity that owns 14 of the Prime Healthcare hospitals. Combined, the foundations have assets in excess of $800 million, 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. Most recently, Dr. Reddy made a $40 million commitment to found the California University of Science and Medicine, a non-profit medical school that will be located in California.
Living up to its motto of “Saving Hospitals. Saving Jobs. Saving Lives,” Prime Healthcare has spent nearly $1.1 billion since 2005 on capital improvements to modernize and improve its hospital facilities, and has provided more than $2.8 billion in charity and uncompensated care since 2010. Prime Healthcare hospitals across the nation have earned national recognition as “Top Performers on Key Quality Measures” from The Joint Commission, the leading medical accreditation organization in the country.
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