The financial leader who joined Prosser Memorial Health’s executive leadership team less than a year ago is now the health care provider’s top official. 

Prosser Memorial Health’s board has named Tim Reed as the hospital’s new CEO, replacing former CEO Craig Marks who has retired after 10 years leading the health care system, according to a release. 

Marks’ tenure was transformational, Prosser Memorial Health said in a statement, as he guided the public hospital district through growth and the construction and opening of the new 25-bed hospital.  

Reed has supported those efforts and Prosser Memorial Health’s board “looks forward to the future under Reed’s direction as the organization continues its mission to improve the health of the greater community.” 

Reed has lived in the Yakima Valley for nearly 20 years. Among his past health care roles, he was at Virginia Mason Memorial Health for nearly a decade, where he served as vice president and chief financial officer before leaving at the end of 2021, according to his LinkedIn profile. He then worked as a consultant and operated a glass business before joining Prosser Memorial Health in June 2025. 

“Although I have only been here since June, I knew within the first few weeks that this organization and community were something special,” Reed said in a statement. “With the momentum already underway and the opportunities ahead, I am incredibly optimistic about our future growth and what we can accomplish together for the region.” 

Prosser Memorial Health had a $200 million operating budget in 2024, according to the Tri-Cities Area Journal of Business’ 2025 Book of Lists. Of its nearly 600 employees, 231 are doctors and 178 are nurses.