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Business and Financial

Tags: AHA | ARRA | tax-exempt bonds

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. Read more...  
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. Read more...  

Tags: California | Jeffrey Smith

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. Read more...  

Tags: CFO | Froedtert & Community Health | retirement | Wisconsin

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. Read more...  

Tags: Atlanta | Georgia | Henry Medical Center | Piedmont Healthcare

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. Read more...  

Tags: Baptist Health System | construction | hospital | Texas

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. Read more...  

Tags: Florida | income | Memorial Healthcare System

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. Read more...  

Tags: Bart Stupak | healthcare reform | House | Nancy Pelosi | reconciliation

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. Read more...  

Tags: Childrens Hospital of Richmond | VCU Health | Virginia

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. Read more...  

Tags: Acadian Medical Center | fraud | Louisiana | Melissa Hanks Bordelon

Melissa Hanks Bordelon, former CFO of Acadian Medical Center in Eunice, La., has been sentenced to 18 months in prison for defrauding her employer by embezzling nearly $200,000, according to a report by KLFY News. Read more...  

Tags: chairman | David Dunlap | Roper St. Francis Healthcare | SC Hospital Association | South Carolina

The South Carolina Hospital Association has named David Dunlap, president and CEO of Roper St. Francis Healthcare in Charleston, S.C., as its new chairman of the board, according to a report by the Charleston Regional Business Journal.
Read more...  

Tags: increasing effeciency | Somnia Anesthesia | Webinar

CHICAGO — Becker's Hospital Review and Somnia Anesthesia Services will host a free Webinar, Improving Operating Room and Anesthesia Efficiency for Your Hospital, on March 23 at 2:15 p.m. EDT. Read more...  

Tags: COBRA extension | jobs bill | Medicare physician payment cut | Senate

The Senate has voted to pass the American Workers, State and Business Relief Act of 2010 (HR 4213), which includes language that would delay the 21 percent Medicare payment cut to physicians until Sept. 30 and would extend through Dec. 31 the American Recovery and Reinvestment Act's COBRA benefit subsidy, according to a report by the AHA News Now. Read more...  

Tags: AHA | hospital mergers | insurance premiums | WellPoint

The AHA is disputing WellPoint's assertion at a recent congressional hearing that "provider consolidation" is a key driver of higher health insurance premiums, according to a report from AHA News Now. Read more...  

Tags: legislation | prices | transparency | Wisconsin

Wisconsin Gov. Jim Doyle has signed legislation that requires hospitals, physicians and other healthcare providers to disclose the cost of the most common procedures they perform so consumers have price-estimates before choosing a provider, according to a release by Gov. Doyle. Read more...  

Tags: Medicare certification | Oklahoma | Oklahoma Heart Hospital

The new Oklahoma Heart Hospital South Campus has earned Medicare certification and state certification to treat Medicaid patients, according to a report by the Journal Record. Read more...  

Tags: Council of Teaching Hospitals | exit survey | New Jersey | resident

Fewer than one in three medical residents graduating from New Jersey medical schools said they intended to establish a practice in the state, according to a 2009 "Resident Exit Survey" prepared by the New Jersey Council of Teaching Hospitals. Read more...  

Tags: ground breaking | hospital | Mississippi

Meridian, Miss.-based Rush Health Systems will break ground on the John C. Stennis Memorial Hospital in DeKalb, Miss., which replaces a hospital that closed years ago, according to a report by WTOK. Read more...  

Tags: Connecticut | Jodi Rell | John Dempsey Hospital | UConn Health Center

Connecticut Gov. M. Jodi Rell proposes spending $352 million for the University of Connecticut Health Center in the latest plan to replace the University of Connecticut's John Dempsey Hospital, according to a report by the Hartford Courant. Read more...  

Tags: California | new hospital

The Tehachapi Valley (Calif.) Healthcare District plans to break ground on a new hospital in spring 2011, according to a report by the Tehachapi News. Read more...  

Tags: brain tumor center | California | neurosurgery | UCSD Medical Center

Bob Carter, MD, PhD, has been named chief of the division of neurosurgery at the University of California San Diego Medical Center and Moores UCSD Cancer Center, according to a UCSD news release. Read more...  
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