Stuart Rabinowitz, who was appointed chair of the board overseeing a New York safety-net hospital by Gov. Kathy Hochul, plans to resign March 15.
Mr. Rabinowitz assumed the board chair role at Nassau Health Care Corp., which oversees Nassau University Medical Center in East Meadow, N.Y., during a period of “profound instability,” according to a March 2 board news release shared with Becker’s.
He was named board chair May 31 following a state-approved restructuring. Shortly after, hospital President and CEO Megan Ryan announced plans to resign and was later terminated. Nine other hospital leaders also resigned.
In addition to the leadership turnover, the hospital faced a projected deficit of more than $167 million and compromised internal financial systems, the release said.
“Stu Rabinowitz stepped up when Nassau University Medical Center desperately needed steady, serious leadership,” Ms. Hochul said in the release. “His focus on accountability and fiscal management has helped put this critical safety-net hospital on the road to recovery, and I thank him for his dedicated service to the Long Island region.”
During his tenure, Mr. Rabinowitz and the board secured $110 million in state operating support to stabilize the hospital’s finances, recruited an interim CEO and “initiated legal action to recover improperly awarded executive compensation,” the release said.
Since the leadership exits, the hospital and Ms. Ryan have filed lawsuits against each other. In November, the hospital also filed separate lawsuits against seven former executives over alleged improper termination payments.
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