Becker’s Healthcare Podcast Driving Transformation and Access at Baystate Health with CEO Peter D. Banko
Jul 10, 2025
Peter D. Banko, President and CEO of Baystate Health, discusses his leadership journey and the evolution of integrated healthcare in Western Massachusetts. He dives into strategies for financial resilience and building a strong organizational culture to enhance employee engagement. The conversation highlights the importance of accessibility in healthcare, exploring growth opportunities through service expansion and strategic partnerships. Banko also addresses the shift towards value-based care and the role of community engagement in shaping the future of healthcare.
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Peter Banko's Healthcare Journey
- Peter Banko has worked in healthcare for 41 years and just completed 13 months as CEO of Baystate Health.
- Baystate has a 140-year history and serves over 92% of Western Massachusetts residents in some capacity.
Clinically Driven, Physician Led
- Transforming Baystate to be clinically driven and physician led is the CEO's proudest accomplishment.
- Engaging 70% of employed physicians in surveys shows strong commitment in the culture shift.
Prioritize Financial Resilience
- Focus first on financial resilience to stabilize the organization.
- Prepare for impacts of policy changes like Medicaid adjustments that may affect vulnerable populations.