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Healthcare Executive, Bruce Vladeck, Returns to Ernst & Young

Wednesday, August 29, 2007 General News J E 4
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NEW YORK, Aug. 28 Bruce Vladeck returns to Ernst & YoungLLP as an Executive Director with the firm's Health Sciences Advisory Services(HSAS) practice. Vladeck re-joins Ernst & Young after serving sixteen monthsas the interim president of the University of Medicine and Dentistry of NewJersey (UMDNJ) at the request of New Jersey Governor Jon Corzine. Vladeckwill serve as a Senior Health Policy Advisor for the firm.

"Bruce's experience in healthcare policy will be a tremendous asset to ourfirm, particularly at a time when regulators are proposing major healthcarereforms. Right now, our clients are struggling with how to manage the risks oftoday's social and political environment, while preparing for andunderstanding the implications of proposed reforms," said Rick Wallace,managing partner, HSAS.

Among other duties, Bruce will be the East Coast director for thepractice's academic medical center practice, and focus on issues such asgraduate medical education, policy strategy, cost management, reimbursement,and compliance.

From 1993 to 1997, Vladeck was administrator of the Health Care FinancingAdministration (HCFA) of the U.S. Department of Health and Human Services. Inthat role, he directed the Medicare and Medicaid programs providing healthinsurance to more than 65 million Americans. At the state-level, Vladeckserved as the assistant commissioner for health planning and resourcesdevelopment with the New Jersey Department of Health from 1979 to 1982. Hewas previously with Ernst & Young from 2004 until he assumed his duties atUMDNJ.

Vladeck previously taught at Columbia University and the Mount SinaiSchool of Medicine in New York, and spent ten years as the President of theUnited Hospital Fund of New York. He is a member of the New York City Board ofHealth, and a Trustee of the March of Dimes and the Medicare Rights Center.

Vladeck is a graduate of Harvard College and the University of Michigan,where he received his Ph.D. in political science. Vladeck's awards includethe 1998 President's Award of the American Society on Aging. Vladeck is alsothe author of Unloving Care: The Nursing Home Tragedy.

About Ernst & Young

Ernst & Young, a global leader in professional services, is committed torestoring the public's trust in professional services firms and in the qualityof financial reporting. Its 114,000 people in 140 countries pursue the highestlevels of integrity, quality, and professionalism in providing a range ofsophisticated services centered on our core competencies of auditing,accounting, tax, and transactions. Further information about Ernst & Young andits approach to a variety of business issues can be found atwww.ey.com/perspectives. Ernst & Young refers to the global organization ofmember firms of Ernst & Young Global Limited, a U.K. company limited byguarantee, each of which is a separate legal entity. Ernst & Young GlobalLimited does not provide services to clients. Ernst & Young LLP is a U.S.client-serving member firm of Ernst & Young Global Limited.While at UMDNJ, Vladeck's accomplishments included: -- Working with the Governor's Office and Chairman of the Board of Trustees to reconstitute the membership, structure, and operations of University governance to comply with contemporary standards of accountability, board development, and appropriate oversight of management. -- Directing completion of Fiscal 2005 and 2006 audited financial statements and A-133 (federal and state grant) audits, along with a restatement of Fiscal 2004 results. -- Reducing the university-wide budget deficit from roughly $45 million in Fiscal '06 to zero in Fiscal '08. This was achieved largely through management and operational changes at University Hospital which produced cost reductions and revenue enhancements worth in excess of $50 million annually
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