(Monday, June 10, 2019; Dededo, Guam) Over the last two months, Guam Regional Medical City (GRMC) has been working diligently to streamline its operations and procedures using five-star hospitals in the mainland as a benchmark to gauge our progress. Under the guidance of Chief Restructuring Officer Hugh King, GRMC has made tremendous strides to reduce overhead and costs by eliminating redundancies and improving processes throughout the hospital in order to lower costs and provide patients with more affordable healthcare.
King, whose expertise is in strategic business planning and execution, improvement in financial and clinical operations, and strategic financial planning, has identified several areas where GRMC can further improve. We will be implementing these modifications as we continue to upgrade our services.
GRMC will be making changes in certain departments, reductions in staff, and improving efficiencies in our procurement policies. Today, less than 40 employees were affected by the restructuring.
These adjustments will result in streamlined hospital operations that enable GRMC to provide our community with high value, affordable healthcare. GRMC Specialty Clinics, outpatient departments, and inpatient units will operate with the same level of excellence.
“While we are achieving the goal of providing high quality care as evidenced by securing and maintaining certification from The Centers for Medicare and Medicaid Services (CMS) and accreditation from The Joint Commission, our new goal is to improve our ability to lower costs to provide more affordable healthcare,” said CEO and president Michael Cruz, M.D., “GRMC will continue to make further improvements and restructure as necessary to ensure we remain a sustainable and affordable center of excellence for Guam and Micronesia.”