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While a change in CEO is a traumatic event for a
hospital and its stakeholders, a highly effective interim CEO can
provide fresh ideas, begin to rejuvenate a moribund organization,
achieve some immediate improvements in operations and revenue, and
lay the groundwork for the incoming CEO's longterm success. Click
here for article
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Outspoken New Orleans CEO battles bureaucracy to lead Touro Infirmary
through an impressive turnaround. In a market dominated by hospital
chains, Gary M. Stein succeeds in turning around a hospital losing
$1 million a month to earning a profit of $11 million for 2003 on
consolidated operations. Click
here for article |
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Gary M. Stein's vision combined with his hands on, no-nonsense
management approach turned around Touro Infirmary from near insolvency
to a reported revenue of $600 million, assets of $300 million and
a fund balance of $140 million in less than fifteen years. Touro,
one of only a few Jewish hospitals operating independently in the
U.S.A., is New Orleans' only full-service, nonprofit, community-based
hospital. Click
here for article |
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Dramatic Turnaround: Touro Infirmary in New Orleans chooses growth
strategy over retrenchment as best route to recovery and change.
An interview with Gary M. Stein, Touro's President and CEO. Click
here for article
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