2023 Power 25 Health Care: Vincent Capece Jr.
HBJ PHOTO | STEVE LASCHEVER
Middlesex Health President and CEO Vincent Capece Jr.
Vincent Capece Jr. leads Middlesex Health and its flagship Middlesex Hospital.
In fiscal 2022, Middlesex Health reported $507.5 million in operating revenue, according to the Office of Health Strategy.
Capece is an industry leader who has not been afraid to talk about the challenges facing hospitals, including the few independent care providers remaining in the state, like Middlesex Health.
Earlier this year, for example, Capece discussed the issues around unpaid medical debt. He told HBJ that Middlesex Hospital wrote off more than $22 million in bad debt in fiscal 2022, up from $17 million in fiscal 2021.
Capece said the drivers of unpaid medical debt include the overall increasing costs of care and the prevalence of high-deductible insurance plans, which typically force consumers to pay thousands of dollars in out-of-pocket medical care costs before coverage kicks in.
Over the past few years, Middlesex Health has added several services, including becoming the basic life support ambulance provider for the town of Durham. It also created the Middlesex Health Center for Golf Performance, located in Middletown, which assesses and addresses a golfer’s biomechanics, helping players better understand how their body relates to their golf swing.
In September, Middlesex Health announced it received its largest-ever donation for mental health services. The gift will help fund the health system’s outpatient mental health services, which recently moved into a newly-renovated facility at One MacDonough Place in Middletown.
At the end of last year, Capece also led Middlesex Health’s acquisition of Middletown-based Crescent Street OB/GYN, which has since been renamed Middlesex Health Crescent Street Obstetrics and Gynecology.
Capece is a UConn grad, having received both his bachelor’s degree in accounting and MBA from the state’s flagship university.
Most Recent
Most Recent
0 Comments