Cape Hospital C.E.O. Salluzzo resigns

Two years and 169 fewer jobs later, Dr. Richard F. Salluzzo quits
Still largest local employer with over 4,500 on staff

Cape Cod Healthcare announced today that its Chief Executive Officer, Richard F. Salluzzo, M.D., has resigned.

"Dr. Salluzzo was instrumental in allowing Cape Cod Healthcare to regain financial and organizational stability."  
      -Thomas Wroe, Chairman 
       of CCHC's Board of Trustee

If the hospital hoped to lessen reaction to the resignation there are fewer times better suited for that than late afternoon before a major holiday like Thanksgiving.

Dr. Salluzzo has served as the President & Chief Executive Officer of Cape Cod Healthcare, Inc. since July 2008. During this time, the hospital said, Dr. Salluzzo led a turnaround of the organization's financial performance.

Within the first three months of taking on the job in July of 2008, Salluzzo cut 169 employees from the staff. At that time he said the move was expected to save $13 million.

System still acquiring properties despite economy

Earlier this year the the hospital announced that the number of patients visiting offices affiliated with Cape Cod and Falmouth Hospitals for CT scans, MRIs, lab work and endoscopies has declined by thousands.

Dr. Salluzzo had hoped to save a total of $31 million through staff reductions, other cuts, improving billing procedures and eliminating consulting fees and other expense reductions.

Despite the layoffs and patient number loss, the healthcare facility is still the Cape's largest employer with 4,500 employees including 450 physicians, and has 1,100 volunteers.

Despite these budget-cutting moves, in October of this year Cape Cod Healthcare bought the physician-owned Bayside Surgical Center in North Falmouth and will operate the facility will operate as a hospital-licensed outpatient center.

"Dr. Salluzzo was instrumental in allowing Cape Cod Healthcare to regain financial and organizational stability," said Thomas Wroe, Chairman of CCHC's Board of Trustee. "He brought a breadth of knowledge, experience and expertise to his work." Dr. Salluzzo's resignation comes as a result of his belief that he has achieved the goals set for him by the organization and an interest to pursue new career challenges.

Michael K. Lauf is now Acting President & C.E.O.

The Cape Cod Healthcare announced that effective immediately, Michael K. Lauf will assume the position of Acting President & Chief Executive Officer. Mr. Lauf has served as the system's Chief Operating Officer since July 2008 and was recently promoted to serve as the President of both Cape Cod Hospital and Falmouth Hospital.

The hospital says that Mr. Lauf is an experienced health care professional, with a background of over 12 years in hospital administration. He earned his MBA from Saint Francis University in Pennsylvania and his BA from the University of Pittsburgh.

"Mr. Lauf has established a strong track record of working closely with physicians and staff to enhance patient care and to dramatically improve clinical, operational and financial performance," Wroe said. "The system is in very capable hands in terms of delivering the highest quality health care."

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