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When Matthew Love took over as CEO of Nicklaus Children's Hospital in Palm Beach, Fla., four years ago, the hospital was losing about $40 million a year.
"We were in a solid market position, performing nicely every quarter but there was little to no growth and our financial performance was not great," he tells Medical Tourism Magazine.
"When I took over as CEO in late 2019, my first priority was to build a strong foundation by bringing the organization back to our fundamentals, to our reason for existingthe children and families we are privileged to serve."
Since then, the hospital, part of the Nicklaus Children's Health System, has "been able to grow by leaps and bounds," he says.
"We created a system of consistent and sustained progress leading to some of the strongest financial years in our organization's history."
Among his accomplishments: The hospital has been accredited by the Global Healthcare Accreditation Agency; it's the only Level 1 pediatric trauma center in South Florida.
"We've been able to create a cost-saving, waste-reducing program that we've termed 'Game Changers' that engages our leaders and staff to 'own the business' and drive performance, resulting in over $30 million of savings and counting," Love says.
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