Congress should permanently enact two temporary provisions allowing banks to write-off some of the costs of buying and holding tax-exempt bonds, according to a letter the American Hospital Association and other groups sent key congressional leaders.
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CMS and other federal agencies will expand use of payment recapture audits, currently used by recovery audit contractors, and thereby double the amount of recovered costs previously projected, according to a release by the White House.
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Hospital CEO turnover rose to 18 percent nationwide in 2009, the highest turnover rate since 1999 and only the fourth time the rate has reached this level since tracking began in 1981, according to a survey by the American College of Healthcare Executives.
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An as-yet unnamed consulting group will run Santa Clara Valley (Calif.) Medical Center, following the departures of the director of the hospital and the CEO of its health system, according to a report by the Silicon Valley/San Jose Business Journal.
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Blaine O'Connell, the CFO of Froedtert & Community Health in Milwaukee, plans to retire Jan. 1, 2011, after a 30-year healthcare career. He has been senior vice president of finance and CFO since Froedtert & Community Health was formed in 2001, and he joined Froedtert Hospital in January 1993 as vice president and CFO of the hospital.
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Piedmont Healthcare, which operates four hospitals in the metro Atlanta area, has signed a confidentiality agreement to explore a partnership with Henry Medical Center, a 215-bed nonprofit community hospital in Stockbridge, Ga., south of Atlanta, according to a story in the Atlanta Business Chronicle.
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Baptist Health System, which operates five acute-care hospitals in the San Antonio area, has purchased a parcel of land in New Braunfels, Texas, where it plans to build a new hospital, according to the San Antonio Business Journal.
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Net income of six-hospital Memorial Healthcare System in Florida dropped by more than half in its fiscal third quarter that ended on Jan. 31, according to a report by the South Florida Business Journal.
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1. Democrats count votes; Attempt to move forward with President Obama's plan. While President Obama has vowed to push forward with comprehensive reform, many Democrats seem to be struggling as to how they can move the President's plan forward. Many political analysts question House Speaker Nancy Pelosi's ability to garner the 216 votes needed to pass the Senate's bill; however, discussions have surfaced suggesting that the House is only one vote away from approving the bill. It is unclear at this point whether these discussions are rumors or fact.
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Richmond, Va.-based VCU Health System is in talks with Children's Hospital of Richmond to operate the facility, effective July 1, according to a report by the Richmond Times-Dispatch.
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