RENO, Nev. (KRNV & MyNews4.com) - Major changes have been announced to top management at renown medical center. The President/CEO and three other top executives have all stepped down - effective immediately. The news comes in the wake of a high profile court case and several News 4 Fact Finder investigations.
The Renown Health Board is hoping to put an end to what has been a tumultuous time at the hospital by announcing major management changes.
Board Chairman David Line told News 4 Miller was upset that he was asked to leave his posts, but understands.
Under Miller's watch, the Federal Trade Commission and Nevada Attorney General investigated Renown for forming what amounted to a monopoly on cardiology care by acquiring Sierra Nevada Cardiology and Reno Heart Physcians -- the area's two largest cardiology groups.
Under the terms of a settlement Renown reimbursed the Attorney General for $550,000 in legal bills and has been ordered to inform both the FTC and Attorney General about future deals or acquisitions involving cardiology care.
We uncovered in a News 4 Fact Finder report Renown was warned by the F.T.C. not to move ahead with those deals in the first place and did so anyway.
Today Board Chairman Line blamed Renown's lawyers for not getting critical information to the board. He said, "The ftc sent a letter to our general counsel... We were not given all the information we needed and had we gotten that information other decisions could have been made."
Renown later paid out nearly five million dollars to the caridologists who sued claiming Renown changed their contracts without telling them.
Line again blamed Renown's attorneys for dropping the ball. He said, "we hired outside counsel to put those contracts together. That did not happen."
Line says changes are in place to improve communication and ensure that the board is informed from here on out he told News 4, "It's frustrating because lots of time, dollars have been spent."
Renown did not waste any time appointing a new interim CEO, Donald Sibery.
Jim Miller the former President/CEO has one year left on his contract. Renown officials tell News 4 Miller will paid for that remaining contract year. His salary $916,000 a year, that is more than $2,500 a day Miller will be paid while not working for Renown.