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Richard (Rich) Grossi: Biographies
Mr. Richard (Rich) A. Grossi
In his Johns Hopkins Medicine position, to which he was appointed in 1996, Mr. Grossi oversees all the day-to-day financial functions of the school of medicine, Johns Hopkins’ four acute-care hospitals, its medical groups, home care, long-term care, managed care organizations and international initiatives. He is responsible for the leadership of 10 senior financial officers and a staff of approximately 350.
As senior associate dean for finance and administration, a position Mr. Grossi has held since 1978, he is the school of medicine’s chief financial officer. He supervises all financial functions, budgeting and capital planning, general accounting, research accounting, financial reporting and strategic planning. He maintains oversight of the academic departments; all facets of facility design, construction, control and operation; all human relations activities; security, transportation and parking; and external relations dealing with financial and administrative matters. He heads an organization that includes five department directors, 10 supervisors and approximately 200 staff.
Mr. Grossi earned both his bachelor’s of business administration and his master’s of business administration in finance from Pace University in New York. Before joining Johns Hopkins in 1978, he was assistant director of financial analysis and financial director of the medical group at the University of Connecticut and executive director of the medical group at Wright State University in Dayton, Ohio. He has been active in the Hospital Financial Management Association, the Medical Group Management Association, and the Association of American Medical Colleges, for which he served as the national chair of its Group on Business Affairs. Mr. Grossi also has served as a consultant to numerous health care organizations, providing advice on financial management and strategy; planning and operation of a university and/or hospital-based clinical practice; facilities design, construction and management; and real estate syndication.