"This is the new Fortis," he said, pointing to his own office as an example, where all the furniture had been replaced with a conference table so the space can double as a meeting room. "Simple, uncluttered and transparent."
MUMBAI (Aug 20): The new chief executive officer at Fortis Healthcare plans to cut a fifth of costs to resuscitate India's second-largest hospital chain after a regulator found it was defrauded of tens of millions of dollars by its former owners.
Fortis is now looking to squeeze spending in everything from energy-efficient light fixtures to automating its business analysis unit and even renegotiating doctors' salaries. The goal is to reduce expenses by US$31 million ($43 million) over the next two years, Ashutosh Raghuvanshi, the CEO who took over in March, said in an interview at the company's headquarters outside New Delhi. Fresh capital expenditure of US$84 million is also in the offing.
