Prem Reddy, MD, FACC, FCCP
Chairman, President, and CEO
Dr. Prem Reddy completed his residency training in Internal Medicine and Cardiovascular Disease at the Down State Medical Center, S.U.N.Y. in Brooklyn, New York. In 1981, he moved to California and established his medical practice in the High Desert area of Southern California. Dr. Reddy is double Board-Certified in Internal Medicine and Cardiology. He was awarded the honor of becoming a Fellow of the American College of Cardiology ("FACC") and a Fellow of the American College of Chest Physicians ("FCCP"). During his 25 years of practice in the High Desert, he was committed to the service of his patients and performed more than 5,000 cardiac procedures, including coronary angiography and angioplasty and permanent pacemaker implantations.
In 2014, he was named one of the "50 Most Influential Physician Executives" in Health Care by Modern Healthcare magazine. This was the fourth time in six years he received this recognition. He was also named one of the "25 Top Minority Executives" in the nation in 2014 by Modern Healthcare magazine, for the third time.
In 1994, Dr. Reddy built from the ground up an 83-bed acute care hospital, Desert Valley Hospital, (now expanded to 148 beds) in Victorville, California. Desert Valley Hospital received coveted accreditation with "commendation" in its first year of operation for the high quality of its services and continues to lead all hospitals in the area with the highest survey scores.
After selling a previous company, which included Desert Valley Hospital, Dr. Reddy founded Prime Healthcare Services ("PHS"), Inc. in 2001. Dr. Reddy repurchased the-then failing Desert Valley Hospital and the Desert Valley Medical Group and turned them back into successful entities that were once again able to serve the community and provide the highest quality of care. PHS nows owns 21 hospitals in six states.
Among the many accolades, Prime Healthcare Services was recognized as one of the “Top 15 Health Systems” in the nation in 2013 by Truven Health Analytics, formerly Thomson Reuters. This was the third time in the past six years that Prime Healthcare was recognized. In 2014, eight Prime Healthcare hospitals were ranked among the “100 Top Hospitals” in the nation. Prime Healthcare hospitals have been recognized for this award 27 times since 2003. In addition, eleven Prime Healthcare hospitals in 2013 earned national recognition as "Top Performers in Key Quality Measures" from The Joint Commission, the leading Medicare accreditation organization in the country.
Throughout his career, Dr. Prem Reddy has been committed to serving the communities in which he works. His philanthropic work was honored by the Boys & Girls Club of Greater San Diego in 2012 when he was given a Golden Achievement Award.
In 1989, he established the Dr. Prem Reddy Family Foundation a 501(c)(3) not-for-profit charitable organization with an initial gift of $1 million. Since that time, he has contributed over $20 million dollars to the Foundation. The Dr. Prem Reddy Family Foundation serves the health care needs of the High Desert communities in many ways, including a free public health library, a scholarship program for students in the health care field, and the support of other health care related charities.
He has donated more than $5 million to Victor Valley College, including $2 million in 2014 for a new health and science building. The college named its student health clinic, the "Dr. Prem Reddy Student and Staff Health Center" and its allied health program, the "Dr. Prem Reddy Health and Sciences Building" in honor of his donations to the program. The Western University of Health Science in Pomona, California, named its largest lecture hall the "Dr. Prem Reddy Lecture Hall," in honor of his many contributions to education in the health care field.
Dr. Reddy also founded the Prime Healthcare Foundation, a 501c(3) non-profit public charity, in 2006. In 2014, he donated $40 million to build a new nonprofit California medical school, which will be called the California University of Science and Medicine. The foundation owns six non-profit hospitals: Encino Hospital Medical Center, Huntington Beach Hospital, Knapp Medical Center, Montclair Hospital Medical Center, Pampa Regional Medical Center and Sherman Oaks Hospital. Each of these hospitals was donated to the foundation with no debt and are considered community assets.