NEW YORK:The Vanderbilt University Board of Trust has elected the members of the governing board for Vanderbilt University Medical Center (VUMC). This independent board will immediately begin planning for VUMC to operate as a separate entity and will govern the Medical Center once its financial and administrative transition from the university is complete.
Chancellor Nicholas S. Zeppos and Vice Chancellor for Health Affairs Jeff Balser are joined by nine others with experience in a variety of relevant fields, including health system management, biomedical research, technology development and transfer, law and banking. Four of the VUMC board members, including Zeppos, are current members of the Vanderbilt University Board of Trust.
In November 2014, Vanderbilt’s Board of Trust directed the institution’s senior leadership to reconfigure VUMC as a not-for-profit academic medical center that is financially distinct from Vanderbilt University. However, the two organizations will remain tightly woven together by mission and the respected Vanderbilt name.
Once the Medical Center is established as a separate financial entity, the title of vice chancellor for health affairs will be retired and Balser will become president and CEO of Vanderbilt University Medical Center. He will continue as dean of the Vanderbilt University School of Medicine.In addition to Zeppos and Balser, the VUMC board will comprise.
