Quincy Medical Center stabilizes under interim CEO
Enter John Kastanis, a New York-based hospital turnaround specialist and interim CEO of Quincy Medical Center.
He worked through labor disputes and secured temporary pay cuts, followed the lead of physicians and struck an affiliation deal with Tufts Medical Center and crafted a budget for the fiscal year that began Oct. 1 with a strategy to grow patient volume and break even.
Kastanis said the hospital is projecting $4.2 million in new revenue this year attributed to new outreach initiatives. It cut $2.3 million through staff reductions.