NCEO Employee Ownership Blog Features SOFHA CEO

SOFHA CEO Robert S. Slattery was recently featured on the National Center for Employee Ownership (NCEO) blog. NCEO Communications Director Timothy Garbinski discusses Slattery’s recent white paper, “Introducing the Quintus Aim in Healthcare: Empowering Employees for Improved Outcomes with an Employee Stock Ownership Plan (ESOP).”

In the article, Garbinski states, “Needless to say, the prospect of replacing “First do no harm” with “First maximize shareholder profits” is distasteful at a minimum and downright catastrophic at its logical conclusion. But what if, instead of prioritizing an outside investor’s bottom line, healthcare companies achieved sustainable ownership options without sacrificing their commitment to their patients, physicians, and the surrounding community?

“In Introducing the Quintus Aim in Healthcare: Empowering Employees for Improved Outcomes with an Employee Stock Ownership Plan, Robert Slattery, CEO of ESOP-owned State of Franklin Healthcare Associates, makes the case for just that. Alongside the well-trod best practices in successful healthcare management (patient-centered care, population health management, cost containment, and physician satisfaction), Slattery envisions a fifth principle of “employee engagement and empowerment.” The principle focuses on aligning the interests of all employees with those of the business through an ESOP to enable employee-owners to drive change.”

To read the complete blog article on the NCEO website, please click here.

To read the original white paper, please click here.