President & Chief Executive Officer
Silver Cross Hospital
Ruth Colby assumed the duties of President and Chief Executive Officer on Oct. 1, 2017 after serving as Senior Vice President and Chief Strategy Officer for twelve years.
After joining Silver Cross Hospital in 2005, Ruth had the responsibility for working with the Board of Directors to set the organization’s vision and direction as well as oversight for marketing, planning, strategy, government relations, physician relations and recruitment, employed practices, managed care and select operational areas.
Under her leadership, Ruth Colby developed strategies to drive growth by developing partnerships with leading medical centers in Chicago including the Shirley Ryan Ability Lab, University of Chicago Medicine for oncology services, Rush University Medical Center for thoracic surgery, and Lurie Children’s Hospital for pediatric services/Level III NICU scheduled to open in 2022. In addition, she worked with US HealthVest to partner and build a 110 bed behavioral health hospital on the Silver Cross Campus. The partnership Ruth has developed with Blue Cross Blue Shield of IL has led to an innovative and productive relationship. Several partnerships with physicians on the medical staff have led to profitable ventures in surgery, imaging and group expansion. Silver Cross also works as a client and investor with Avia to drive “being digital” at the hospital.
Prior to Silver Cross, Ruth was the Senior Vice President, Provider Sales at Solucient, LLC (now Truven Health/IBM Watson). She held senior positions at the Sachs Group and HCIA/Sachs during several mergers and acquisitions. As Vice President of Business Development at the University of Chicago Health System, Ruth was charged with developing an ambulatory physician network and identifying new business opportunities for the medical center.
Ruth received a Bachelor’s degree at Northwestern University, a Master’s degree from New York University and an MBA from the University of Chicago with a specialization in finance.
She is a Past President of the Society for Healthcare Strategy and Market Development, an American Hospital Association membership group and received the national award for Individual Personal Achievement in 2009. In addition, Ruth serves on numerous community boards. She is the incoming Chair of the Will County Center for Economic Development, is on the board of the Will County Children’s Advocacy Center, and serves on the Executive Committee of the Illinois Hospital Association. Ruth is also a member of the United Way of Will County Pillars Society, the Joliet Rotary Club and the Economic Club of Chicago. Most recently she was honored with the Athena Award from the Joliet Region Chamber of Commerce.