Cleveland Clinic Florida CEO resigns to take exec role at orthopedic practice company

Wael Barsoum, MD, is leaving his post as CEO of Cleveland Clinic Florida to join HOPCo, the owner of orthopedic specialty practices including Phoenix-based the CORE Institute, according to the South Florida Sun Sentinel.

"I'm an entrepreneurial guy and I felt it was the right time," Dr. Barsoum told the South Florida Sun Sentinel.

Four things to know:

1. Dr. Barsoum is an orthopedic surgeon who has spent the last six years at the helm of Cleveland Clinic Florida. He will remain a part-time orthopedic surgeon with the system and professor of surgery at Cleveland Clinic Lerner College of Medicine.

2. Dr. Barsoum will become the president and chief transformation officer at HOPCo, tasked with helping grow its operations in several states. He will spend the next six weeks transitioning his former role to chief of staff Joseph Iannotti, who will serve as interim president and CEO of Cleveland Clinic Florida.

3. HOPCo partners with Phoenix-based Banner Health, Porretta Center for Orthopedic Surgery and Northern Arizona Orthopedics and has a value-based care platform to improve the quality of care while also reducing costs. It has also developed an integrated suite of IT platforms to meet the triple aim.

4. Throughout his career, Dr. Barsoum has remained on the forefront of innovation in orthopedics and healthcare delivery. He has been the investigator for several clinical trials and has more than 40 granted or pending patents. He also earned the Cleveland Clinic Innovations Award 10 times.

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