Joe Randolph is the President and CEO of The Innovation Institute, a for-profit LLC structured to respond agilely to the long and short-term needs of the healthcare industry. The Institute is composed of three distinct elements– an innovation laboratory, an investment fund, and an enterprise development group. Joe’s background and experience in building successful healthcare organizations, and his passion for innovation and solving complex problems uniquely qualify him for this leadership position.
Joe has over 30 years of experience in healthcare leadership and most recently served as the Executive Vice President and Chief Operating Officer for St. Joseph Health System, one of the largest multi-state Catholic healthcare systems in the country. It has 16 hospitals and over $5 billion in revenue. Prior to this position, he served as the system Chief Financial Officer for ten years. Joe demonstrated his vision and strategic focus in his guidance of the system, and was recognized as instrumental in its operational and financial success.
He has developed a reputation of accountability and integrity. He has received recognition and several awards over the years. In January 2016, he was recognized by the Orange County Business Journal as the Healthcare Business Person of the Year for the success of The Innovation Institute. Joe believes in developing strong teams and relationships. He writes articles and speaks often on innovation. He has a passion for innovation and for looking at new ways to solve complex problems facing the US Healthcare System. Joe has been a catalyst for growth, innovation and change throughout his career.
He received a Bachelor of Science in Accounting from California State University Fullerton, and a Master of Business Administration (MBA) from Pepperdine University.