Gary Passama

Gary Passama retired as president and CEO of NorthBay Healthcare on March 31, 2017. An active blogger since 2010, here’s a collection of his work.

Posts from 2016

Latest Blog Posts

Songs of 2016

December 27, 2016 | 0 Comments

As I look back at NorthBay Healthcare’s 2016, two songs made famous by Frank Sinatra play in my head.  One is “It Was a Very Good Year,” and indeed it was. We accomplished three major goals in 2016 which will change NorthBay Healthcare in lasting ways. 

First, we were named one of 50 organizations in the world to meet the...
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Retirement By The Book

December 20, 2016 | 1 Comments

As my retirement date of March 31, 2017, approaches I find myself addressing two issues. 

The first issue: What am I going to do when I retire? When I reply to this frequently asked question I explain that I intend to get some rest, travel and try to further civilize Greta and Bo, our two rambunctious miniature Schnauzers. That elicits some...
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They Really Like Us!

December 13, 2016 | 0 Comments

To paraphrase Sally Fields’ remarks when she won the Academy Award for best actress, the bond market really liked NorthBay Healthcare when it came time for our $210 million bond financing to go to market in New York last week.

The bond funds will be used to complete the NorthBay Medical Center modernization, a project we call the “hospital of...
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I Blame Trump and Clinton

December 06, 2016 | 0 Comments

Last week NorthBay Healthcare's Chief Financial Officer and I spent a day in Boston meeting with potential buyers of more than $200 million in bonds to finance the modernization of our Fairfield hospital, NorthBay Medical Center. The bond sale will occur later this week.

We met with representatives of mutual fund companies and other institutional buyers of bonds. Their job was...
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A Tale of Ratings

November 29, 2016 | 0 Comments

Health care systems like ours are very conscious of organizations that attempt to rate them. The rating game applies to clinical measurements as well as financial dimensions.

I have logged my criticism of the self-aggrandizing private organizations, both non-profit and for profit, issuing clinical or quality of care ratings as the integral part of their business models. Most of these ratings use publicly...
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