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
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