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Ostrander new CFO at Nathan Littauer

By Bethany Bump
Thursday, January 24, 2013

Nathan Littauer Hospital is getting a new chief financial officer to replace retiring employee Henry Legendziewicz, who worked at the Gloversville hospital for more than 34 years.

Michael Ostrander will work with Legendziewicz for about a month to transition into his new job, according to a hospital-issued news release. He previously worked at Glens Falls Hospital as senior director of finance, where he was responsible for leading departments in material management, distribution, accounting and decision support. Prior to that he served as director of financial planning at Ellis Medicine.

“I look forward to working with our team to continue the tradition of financial health and serving the patients of Fulton County," said Ostrander in the release.

His predecessor called his background in financial management stellar, and credited him with implementing new systems at his old jobs that streamlined operations.

Legendziewicz is recognized across upstate New York as one of the industry's "most astute CFOs," said Nathan Littauer president and CEO Laurence Kelly. In his new role, Ostrander will be expected to have direct contact with patients along with the rest of the hospital's senior leadership.

“This is an exciting time at Littauer," said Kelly. "We are growing despite the delicate financial landscape we maneuver through on a routine basis. 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.”

Nathan Littauer has operated with a positive bottom line for 11 consecutive years — in large part due to Legendziewicz, said Kelly.

"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," he said.

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