On Nov. 1, Michael Peterson, President of Androscoggin valley Hospital, was given a Business Excellence Award for large organizations in healthcare. Pictured here, he received the award at the DoubleTree by Hilton in Manchester. (Courtesy Photo) (click for larger version)
November 20, 2018MANCHESTER — Michael Peterson of Androscoggin Valley Hospital has been named the recipient of the Healthcare award for large organizations, New Hampshire Business Review announced recently.
On Nov. 1, New Hampshire's top business leaders were honored at the DoubleTree by Hilton in downtown Manchester. It was the 16th annual Business Excellence Awards ceremony.
The recipients were honored for their "industriousness, innovation and imagination" a press release stated. Other recipients include leaders from Simbex, Robin's Egg, Keene YMCA, Nvest Financial Group, LLC, Grappone Automotive Group and more.
"NH Business Review launched the Business Excellence Awards in 2002 to recognize New Hampshire's business leaders who work tirelessly to cultivate and grow the local and statewide economy," the release stated.
"We're excited to honor and congratulate this year's impressive list of Business Excellence Awards recipients," said Jeff Feingold, Editor of NH Business Review. "The nominations we received this year were outstanding, and it is apparent New Hampshire's business community is flourishing as a result of our workforce's dedication to bettering their communities and the state as a whole."
Among the 16 recipients was Peterson, who is described in the release as having a "strategic plan" that "brought Androscoggin Valley Hospital from being in the red financially to a having a healthy profit margin."
The Nov. 9 edition of New Hampshire Business Review included an overview of Peterson's accomplishments:
"With 22 years of experience in all aspects of hospital and health systems administration, Mike has been an influential force at Androscoggin Valley Hospital. Since joining the hospital in 2015, he has led a variety of reforms that transformed the organization's financial deficit into a healthy profit margin, at a time when many hospitals in New Hampshire continue to lose money. At Mike's direction, an integrated team of senior employees and board members embarked on a fact-finding, idea-generating collaboration to help drive the direction of the organization. When many businesses were expanding their contract employees to avoid paying benefits, Mike eliminated contract positions, helping in the recruitment of permanent employees — a positive impact on the surrounding community that actually reduced the hospital's labor costs."
The 2018 Business Excellence Awards are sponsored by presenting sponsor Citizens Bank, silver sponsor Harvard Pilgrim Health Care, and general sponsors Tufts Health Freedom Plan, Connection, Inc., TFM, NH PBS, and the NH Business and Industry Association. A portion of the proceeds from the November 1 reception will benefit CASA of New Hampshire.