Quincy Medical Center Achieves Turnaround Under Interim CEO

Listen
Under the leadership of hospital turnaround specialist and interim CEO John Kastanis, the St. Quincy, Mass.-based Quincy Medical Center went from financial losses to a projected $4.2 million in new revenue attributed to outreach initiatives, according to a Patriot Ledger report.

According to the report, the hospital followed the lead of its physicians and struck an affiliation deal with Boston's Tufts Medical Center, crafting a budget for the fiscal year that began Oct. 1 that cut $2.3 million through staff reductions.

The hospital's board of directions is preparing to interview candidates for a permanent CEO, who could be appointed in January. Mr. Kastanis, a career-long interim CEO who works with struggling hospitals, did not apply for the position.

Read the Patriot Ledger report on John Kastanis.

Read more on hospital leadership:

-10 Recent Hospital and Health System Leadership Moves

-6 Observations on Hospitals' Future by Craig Becker of the Tennessee Hospital Association

© Copyright ASC COMMUNICATIONS 2021. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.

 

Featured Whitepapers

Featured Webinars