Becker's Healthcare December 27, 2024
Franciscan Missionaries of Our Lady Health System, a 10-hospital system headquartered in Baton Rouge, La., achieved a $241 million turnaround in fiscal year 2024 under the leadership of CFO Mike Gleason, who told Becker’s the feat was “a total team effort.”
By reimagining operational strategies, shifting from a holding company to an operating company model, and fostering a culture of innovation and collaboration, the 10-hospital system not only stabilized its finances but positioned itself for sustained growth.
Mr. Gleason joined the Becker’s Healthcare podcast to discuss the strategies that turned a financial crisis into an opportunity for sustainable growth and strengthened the health system’s ability to reinvest in its people and future.
Editor’s note: This is an excerpt from the...
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