Michael D. Ostrander joins senior leadership team
Nathan Littauer is pleased to welcome a new member to its senior leadership team. Michael D. Ostrander has assumed the Chief Financial Officer position, a position which has been vacated by the retiring Henry Legendziewicz. “We are pleased to have someone of his caliber join our team” said the soon-to-be departing Mr. Legendziewicz. “He has a history of implementing new systems throughout the hospitals he previously worked at that streamlined operations.”
Michael Ostrander joins Littauer from Glens Falls Hospital where he served as the senior Director of Finance. There he was responsible for the leadership of several departments including material management, distribution, accounting and decision support. He previously worked at Ellis Hospital as their Director of Financial Planning. “Obviously his background in healthcare financial management is stellar.” stated Mr. Legendziewicz. The two leaders will be working together for about one month during the transition. The hospital bids goodbye to Henry Legendziewicz who worked at Nathan Littauer for over 34 years.
Laurence E. Kelly, Hospital President and CEO stated, “This is an exciting time at Littauer.We are growing despite the delicate financial landscape we maneuver through on a routine basis.” Mr. Kelly continued, “With diminishing State and Federal reimbursements, we need someone who can help us grow in an organized way – consistent with our strategic plan. We believe we have found that person in Michael.”
Mr. Ostrander states he is excited about the opportunity at Littauer saying, “I look forward to working with our team to continue the tradition of financial health and serving the patients of Fulton County.”
“Mr. Ostrander will carry on the financial stewardship role for NLH from someone who is recognized in Upstate New York as one of the most astute CFO’s in the Healthcare Industry. Henry Legendziewicz has helped NLH successfully navigate momentous change in the hospital field. NLH has operated with a positive operating bottom line for eleven years in a row in a large part due to Henry’s financial expertise and guidance. I wish he could work forever, but he certainly deserves to enjoy a long retirement knowing the results of his hard work will continue on.” said Mr. Kelly.
“I have said it many times. Patient care is our top priority.” Mr. Kelly explained, “We believe that a sound financial plan intimately benefits the patient, especially in a small not-for-profit hospital like Littauer. Many hospitals operate like the two are separated. We do not.” Even as a Hospital CFO, Mr. Ostrander will be expected to have direct patient contact, as the senior leadership of the hospital regularly conducts “rounds” with patients to monitor patient satisfaction.