Page 70 - BusinessWest December 9, 2024
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MONTHLYFEATURE
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Beyond the S
The president and CEO of Holyoke Medical
Status Quo
Hospitals Respond Proactively, Creatively to ‘Relentless’ Challenges
piros Hatiras was looking for some wood to knock on.
BY GEORGE O’BRIEN
[email protected]
Center (HMC) had just told BusinessWest that
his hospital had a solid year in 2024 and made progress with many of the challenges facing all provid- ers, and he was generally optimistic about the immediate future.
“Knock on wood,” he added quickly, noting that he and others in this sector are always wary of the unforeseen — like a global pandemic, for example, or the extreme work- force challenges that came in its wake, or a cyber attack ... or any changes to Section 340B of the Public Health Service Act, which requires pharmaceutical manufactur- ers participating in Medicaid to sell outpatient drugs at discounted prices to hospitals that serve many uninsured
Baystate Health is undergoing some pain now, including the loss of many leadership positions, but plans to be on solid financial footing by the end of 2025.
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