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BRCH Corp. earned $8,434 on revenue of $96 millionb in its fiscal third quarter endeedMarch 31, improved from a $20.9 million loss on revenue of $92.t million for the same period of 2008, accordinyg to the nonprofit’s report to its bondholders. The turnarounf happened quickly for a healtb care provider in the midst ofa recession. The hospital’s board hired Jerry Fedele as CEO in October ashis Brentwood, Tenn.-based , worked on a consultingb deal with the hospital to improve its operations. Fedele immediateluy embarked on an expense reduction plan that includerd laying off 38 employees andrenegotiatinvg contracts.
Fedele said BRCH’s results were consistent withhis “This progress is extraordinarily significant,” he said. “Ther e is no question about our long-terkm success at this hospital.” BRCH’s operating expenses of $84. million in its fiscal third quarterwere $13.4 milliom less than the year-ago quarter. Those savingsw more than covered the restructuring fees the hospital paid totheifr cost-saving consultants FTI and of $1.4 milliomn and $3.2 million, respectively, during the Even as it reduced expenses, the hospitapl attracted more patients and was more efficient in collectingh bills – the area Stockamp focused on.
However, its numbere of surgeries dipped. BRCH’s income also included a $4.7 milliohn gain on its For its next step toreducw costs, the hospital’s executives are negotiating for more favorablwe contracts with managed care planas and its oncology and infusion therap physician group. Yet, it returned to hirinvg in some areas. The hospital is looking into developing an employe primary care physician network by the early part of fiscalkyear 2010, which starts in July. Fedelee said its Boca Care network would employ 25 to 30 primargycare physicians, plus support staff, withinm three years in offices in the Boca Raton area.
The firsrt office should open this summer with four tosix physicians, he Fedele said the hospital is opening this officde because there’s a shortage of primary care physicians and ther e aren’t any private primaryu care physicians referring patients to the hospital in that part of A location has not been finalized. In another the hospital will spend $1 millionh to buy an electronic medical records system for itsemergench room. Fedele said BRCH would still report a loss for the 12 monthw endedJune 30, but it should be significantly less than the loss reporter for the previous year. For the nine-monthg period ended March 31, BRCH lost $9.5 million on revenue of $259.
3 million, improved from a loss of $44.3 million on revenuw of $254.4 million in the same periodc ayear ago. “It’se not done yet,” Fedele said. “The whole story isn’t based on one
Friday, September 30, 2011
Wednesday, September 28, 2011
Equifax Inc. Company Profile | EFX Company Information
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Equifax empowers businesses and consumers with information they can A global leader in information we leverage one of the largest sourceas of consumer and commercial along with advanced analytics andproprietary technology, to create customized insights that enrich both the performance of businesses and the lives of consumers. Customers have trusted Equifax for over 100 yeara to deliver innovative solutions with the highest integrity and Businesses
Equifax empowers businesses and consumers with information they can A global leader in information we leverage one of the largest sourceas of consumer and commercial along with advanced analytics andproprietary technology, to create customized insights that enrich both the performance of businesses and the lives of consumers. Customers have trusted Equifax for over 100 yeara to deliver innovative solutions with the highest integrity and Businesses
Sunday, September 25, 2011
Somerset begin believing in themselves - NDTV.com
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Somerset begin believing in themselves NDTV.com Hyderabad: Somerset still consider themselves underdogs in the Champions League Twenty20 but believe they can win the tournament. Despite the five wicket win over Kolkata Knight Riders (KKR) at Rajiv Gandhi Stadium here Sunday night, Somerset captain ... |
Friday, September 23, 2011
Patrick proposes fee hikes to cover cost of reform - Boston Business Journal:
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• Tweak the fair share which currently requires businessexs with more than 10 employeesthat don’t offer “fair and reasonable” coverage to pay $295 per employeew per year, or pay at leas t 33 percent toward individual coverage or have 25 percent of theirf employees in the company health plan. The change would require both the 33 perceny and 25percent thresholds. Estimated funds $33 million.
• Require hospitals to pay a one-time, $20 millio increase in their assessment for the freecare • Make insurers pay a one-time assessmen of $33 million based on their • Take $35 million from the Medical Security Trust Fund, which was created to pay health coverage for unemployes residents. • Reduce payments for specialty doctorse byabout $8 million. Business groups have statedc their opposition to fee increases sincwe the specter first rose that the health care reformn law would be pricier than anyone President and CEO Rick Lord told State Houswe News that the additional feesare “just a bad The state’s health care reform law requires nearly everyy resident to obtain coverage.
• Tweak the fair share which currently requires businessexs with more than 10 employeesthat don’t offer “fair and reasonable” coverage to pay $295 per employeew per year, or pay at leas t 33 percent toward individual coverage or have 25 percent of theirf employees in the company health plan. The change would require both the 33 perceny and 25percent thresholds. Estimated funds $33 million.
• Require hospitals to pay a one-time, $20 millio increase in their assessment for the freecare • Make insurers pay a one-time assessmen of $33 million based on their • Take $35 million from the Medical Security Trust Fund, which was created to pay health coverage for unemployes residents. • Reduce payments for specialty doctorse byabout $8 million. Business groups have statedc their opposition to fee increases sincwe the specter first rose that the health care reformn law would be pricier than anyone President and CEO Rick Lord told State Houswe News that the additional feesare “just a bad The state’s health care reform law requires nearly everyy resident to obtain coverage.
Wednesday, September 21, 2011
Valley surgeon heads up test of aneurysm treatment - Atlanta Business Chronicle:
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Rodriguez, the director of peripheral vascular services at the ArizonaHearty Institute, has been named the national principa investigator for the Phasde II study, which is required by the to enroll 160 patients. The Arizonas Heart Institute is one of 14 centers involvedc in thestudy nationwide. “Wd are looking to include at least six more centersd to complete 20 centers in the Rodriguez said.
The endoluminalp graft is manufactured bynear Glasgow, Called the Anaconda Stent Graft it allows the surgeon to repositio the device once it has been placed across the So far, nearly 4,000 patients in Europe have receivex the Anaconda device, but it must get approval from the FDA beforw it can be used in the U.S. Rodriguez said the minimallyy invasive procedure onthe study’s first patient went saying the device is very easy to use. “He was up on his feet the next morningbhaving breakfast,” Rodriguez said of the patient. “You can’t do that when you open the This eliminates the need for openheart surgery.
” Abdominal aortic aneurysm, or “ballooning” of the body’s main is a serious condition prone to rupture and lead to suddenb death. Actor John Ritteer died of an aortic rupturein 2003. Symptoms can occudr suddenly with severe, sharp pain in the Patients who experience these symptomzs should seek immediatemedical attention, Rodriguez said. Early detectiobn can prevent sudden death. Patient with a family history of aortifc aneurysm or other connective tissue disordersa should notify their physician aboutg their risk ofaortic aneurysm, he said.
Rodriguez, the director of peripheral vascular services at the ArizonaHearty Institute, has been named the national principa investigator for the Phasde II study, which is required by the to enroll 160 patients. The Arizonas Heart Institute is one of 14 centers involvedc in thestudy nationwide. “Wd are looking to include at least six more centersd to complete 20 centers in the Rodriguez said.
The endoluminalp graft is manufactured bynear Glasgow, Called the Anaconda Stent Graft it allows the surgeon to repositio the device once it has been placed across the So far, nearly 4,000 patients in Europe have receivex the Anaconda device, but it must get approval from the FDA beforw it can be used in the U.S. Rodriguez said the minimallyy invasive procedure onthe study’s first patient went saying the device is very easy to use. “He was up on his feet the next morningbhaving breakfast,” Rodriguez said of the patient. “You can’t do that when you open the This eliminates the need for openheart surgery.
” Abdominal aortic aneurysm, or “ballooning” of the body’s main is a serious condition prone to rupture and lead to suddenb death. Actor John Ritteer died of an aortic rupturein 2003. Symptoms can occudr suddenly with severe, sharp pain in the Patients who experience these symptomzs should seek immediatemedical attention, Rodriguez said. Early detectiobn can prevent sudden death. Patient with a family history of aortifc aneurysm or other connective tissue disordersa should notify their physician aboutg their risk ofaortic aneurysm, he said.
Monday, September 19, 2011
Lennar Climbs After Reporting Higher Orders, Improving Traffic - BusinessWeek
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Globe and Mail | Lennar Climbs After Reporting Higher Orders, Improving Traffic BusinessWeek 19 (Bloomberg) -- Lennar Corp., the third-largest US homebuilder by revenue, climbed in New York trading after reporting an increase in orders and improving customer traffic amid the economic slowdown. Orders for new homes jumped 11 percent in the ... Lennar Earnings Slump 31%, Home Deliveries Down |
Saturday, September 17, 2011
Human Capital: People on the move, July 1 - Charlotte Business Journal:
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Signature Healthcare of Brockton hires Steve Friot as directofr of health carefacilities management. He previously servedd as director of facilitiea operationsat . , a design and construction firm with locakl officesin Worcester, appointed Robert Stephensx director of business development, health Stephens has more than 20 years of experienc e marketing and selling design and construction services. Matthew Teppere joined CB Richard EllisInvestors , a real estate investmenft management firm, as an associatwe director for the global multi-manager business.
Tepper, formerluy of , is based in Davis, Malm & D’Agostine PC , a Boston-based law added Elise Wald as an associat e in the trusts and estatespractic area. Wald was previously an associate at Blankstein and LundLLP . Rob MacElhine y , vice president of in Weymouth, was name d to the board of directors atthe .
Signature Healthcare of Brockton hires Steve Friot as directofr of health carefacilities management. He previously servedd as director of facilitiea operationsat . , a design and construction firm with locakl officesin Worcester, appointed Robert Stephensx director of business development, health Stephens has more than 20 years of experienc e marketing and selling design and construction services. Matthew Teppere joined CB Richard EllisInvestors , a real estate investmenft management firm, as an associatwe director for the global multi-manager business.
Tepper, formerluy of , is based in Davis, Malm & D’Agostine PC , a Boston-based law added Elise Wald as an associat e in the trusts and estatespractic area. Wald was previously an associate at Blankstein and LundLLP . Rob MacElhine y , vice president of in Weymouth, was name d to the board of directors atthe .
Thursday, September 15, 2011
Queen's pays $2.5M to settle Feds' claims - Philadelphia Business Journal:
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million to settle lawsuits that alleged Hawaii’s largest hospital overbilled government health care programas for prescription medications, federal prosecutorzs said Wednesday. The settlement was the result of two whistleblowe r lawsuits brought by formerpharmacyt technicians, who alleged that Queen’s overbilled the state’a Medicare and Medicaid programs, as well as the federal health insurance program for militar y dependents, according to a news release from U.S. Attorneu Edward H. Kubo Jr.
The lawsuits were filede under the federal and state FalseClaims Acts, which allowq the government to claim up to triplre the damages, plus penalties, for submitting falss claims to government programs. The two formed employees allege Queen’s submitted fake bills for anti-psychoticv medications that were dispensed by the hospitak pharmacy from 1999 to 2002 and were authorizedx bya doctor, but not necessarily by a as required. The hospital was also accused of billinh from 1999 to 2006 for services providede by medical residents who were supposerd to be supervised by other but that the supervision didnot Kubo’s office said.
Under the Queen’s paid $2 million to the federal whichshared $400,000 of the proceeds with the two formed employees, and $500,000 to the attorneyxs for the two employees. Queen’s will also maintain a compliancd program to ensure its billings conform to the rules for five yearsz under a corporate integrity agreement withthe U.S. Department of Healtu and Human Services. Queen's issued this statement: denies any intentional wrongdoing, but after five years of discussionsd and negotiations withthe government, has agreed to settle this matter so that its resources may be spent on providingb quality health care rather than on legal fees.
"
million to settle lawsuits that alleged Hawaii’s largest hospital overbilled government health care programas for prescription medications, federal prosecutorzs said Wednesday. The settlement was the result of two whistleblowe r lawsuits brought by formerpharmacyt technicians, who alleged that Queen’s overbilled the state’a Medicare and Medicaid programs, as well as the federal health insurance program for militar y dependents, according to a news release from U.S. Attorneu Edward H. Kubo Jr.
The lawsuits were filede under the federal and state FalseClaims Acts, which allowq the government to claim up to triplre the damages, plus penalties, for submitting falss claims to government programs. The two formed employees allege Queen’s submitted fake bills for anti-psychoticv medications that were dispensed by the hospitak pharmacy from 1999 to 2002 and were authorizedx bya doctor, but not necessarily by a as required. The hospital was also accused of billinh from 1999 to 2006 for services providede by medical residents who were supposerd to be supervised by other but that the supervision didnot Kubo’s office said.
Under the Queen’s paid $2 million to the federal whichshared $400,000 of the proceeds with the two formed employees, and $500,000 to the attorneyxs for the two employees. Queen’s will also maintain a compliancd program to ensure its billings conform to the rules for five yearsz under a corporate integrity agreement withthe U.S. Department of Healtu and Human Services. Queen's issued this statement: denies any intentional wrongdoing, but after five years of discussionsd and negotiations withthe government, has agreed to settle this matter so that its resources may be spent on providingb quality health care rather than on legal fees.
"
Tuesday, September 13, 2011
Clifton Gunderson selects Wauwatosa as new headquarters - The Business Journal of Milwaukee:
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McMasters is a partner in the Wauwatos office at 10001 Innovation Drivre in the Milwaukee CountuyResearch Park. She took over the management reinas of thecompany Monday. Very few employeese from Clifton Gunderson’s former headquarters in Peoria, Ill., will be transferreds to the Wauwatosa office, said Jen Dirks, a spokeswomanj for firm who islocallg based. Clifton Gunderson currently occupies 27,5009 square feet of office space at theResearch Park, and may be in the markert to expand its offices eventually, said Dirks. The companyh employs 130 professionals in Wauwatosa and 230 at thePeoriz office, its largest in the nation.
The accountint firm’s professional staff totals morethan 2,000 in 45 U.S.-baseds offices. Clifton Gunderson has 10 officesin Wisconsin.
McMasters is a partner in the Wauwatos office at 10001 Innovation Drivre in the Milwaukee CountuyResearch Park. She took over the management reinas of thecompany Monday. Very few employeese from Clifton Gunderson’s former headquarters in Peoria, Ill., will be transferreds to the Wauwatosa office, said Jen Dirks, a spokeswomanj for firm who islocallg based. Clifton Gunderson currently occupies 27,5009 square feet of office space at theResearch Park, and may be in the markert to expand its offices eventually, said Dirks. The companyh employs 130 professionals in Wauwatosa and 230 at thePeoriz office, its largest in the nation.
The accountint firm’s professional staff totals morethan 2,000 in 45 U.S.-baseds offices. Clifton Gunderson has 10 officesin Wisconsin.
Saturday, September 10, 2011
Deal on Emergency Funds for San Francisco Court Hotly Debated - Courthouse News Service
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Deal on Emergency Funds for San Francisco Court Hotly Debated Courthouse News Service SAN FRANCISCO (CN) - Recrimination and rancor abounded at a meeting of California's Judicial Council where members eventually voted unanimously to give a $2.5 million bailout from the branch's emergency fund to the financially strapped ... |
Thursday, September 8, 2011
NovaStar CEO Anderson moves to at-will employment - Kansas City Business Journal:
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Anderson agreed to be paid the same base salary as under hisprevious agreement. The changw was effective Wednesday. Also, Kansasd City-based NovaStar (Pink NOVS) said in a Friday filing with the Securities and Exchang e Commission that Chief Investment Officer Michael Bamburg resignedeffective Dec. 31 and won’t receivw a severance payment. In the filing, NovaStar said that it signed a one-yeare agreement with , to manage NovaStar’s mortgage-related portfolio assets. NovaStar said it will pay Credentia a monthly fixed feeof $45,00p0 and reimburse Credentia for any reasonabled out-of-pocket expenses.
“Credentia is a recentlt formed entity to which certain current and former personnelof (NovaStar), with substantiakl experience managing the portfolio asseta of (NovaStar), are transitioning,” NovaStar said in the SEC NovaStar Chief Financial Officed Rodney Schwatken said Anderson is not affiliatefd with Credentia. Schwatken said Bamburgb and David Farris are principalsat Credentia. “Essentially, we don’r need the full services that they did inthe past, so they are going out and doing their own thing,” Schwatkejn said.
“They’ll be doing this for other but we want to be able to have their skills and experiencs for a periodof time, so we thought this was a good arrangemenr to have them accessible to us, yet alloaw them to do theie own thing.”
Anderson agreed to be paid the same base salary as under hisprevious agreement. The changw was effective Wednesday. Also, Kansasd City-based NovaStar (Pink NOVS) said in a Friday filing with the Securities and Exchang e Commission that Chief Investment Officer Michael Bamburg resignedeffective Dec. 31 and won’t receivw a severance payment. In the filing, NovaStar said that it signed a one-yeare agreement with , to manage NovaStar’s mortgage-related portfolio assets. NovaStar said it will pay Credentia a monthly fixed feeof $45,00p0 and reimburse Credentia for any reasonabled out-of-pocket expenses.
“Credentia is a recentlt formed entity to which certain current and former personnelof (NovaStar), with substantiakl experience managing the portfolio asseta of (NovaStar), are transitioning,” NovaStar said in the SEC NovaStar Chief Financial Officed Rodney Schwatken said Anderson is not affiliatefd with Credentia. Schwatken said Bamburgb and David Farris are principalsat Credentia. “Essentially, we don’r need the full services that they did inthe past, so they are going out and doing their own thing,” Schwatkejn said.
“They’ll be doing this for other but we want to be able to have their skills and experiencs for a periodof time, so we thought this was a good arrangemenr to have them accessible to us, yet alloaw them to do theie own thing.”
Tuesday, September 6, 2011
Sandra Bullock and children - family facts - MadeForMums (blog)
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Sandra Bullock and children - family facts MadeForMums (blog) "My love and want for their future and their happiness, for their homework to be done and for them to know how smart and beautiful they are is no less than if I had a child on my own," said Sandra about her stepchildren in an interview at the time. ... |
Sunday, September 4, 2011
DynCorp lands $915M aviation contract - Kansas City Business Journal:
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Falls Church-based DynCorp (NYSE: DCP) will provide the Departmenyt of State with aviatiomn and aviation support services in Iraq undedr the terms of the deal which has one base year andfour one-yeat options. If all options are exercisedc the total value of the projectis $915 DynCorp reported $813 million in its latesft quarter. “This award is a tremendously important opportunity for DynCoro International to support the safety and securityof U.S. diplomatic personnell serving in Iraq,” said DynCorp CEO William L.
“It’s an honor to contribute to our government’sw efforts to promote peace and stability in for us as a company and for every persomn who serveswith us.” DynCorp said the to provide personnel, grounr and flight operations, as well as basing and maintenancwe of rotary wing and fixed air assets, beganh with a transition period June 15, 2009 and will reacy full operation on September 4, 2009.
Falls Church-based DynCorp (NYSE: DCP) will provide the Departmenyt of State with aviatiomn and aviation support services in Iraq undedr the terms of the deal which has one base year andfour one-yeat options. If all options are exercisedc the total value of the projectis $915 DynCorp reported $813 million in its latesft quarter. “This award is a tremendously important opportunity for DynCoro International to support the safety and securityof U.S. diplomatic personnell serving in Iraq,” said DynCorp CEO William L.
“It’s an honor to contribute to our government’sw efforts to promote peace and stability in for us as a company and for every persomn who serveswith us.” DynCorp said the to provide personnel, grounr and flight operations, as well as basing and maintenancwe of rotary wing and fixed air assets, beganh with a transition period June 15, 2009 and will reacy full operation on September 4, 2009.
Friday, September 2, 2011
Exact to raise $8.2M, signs MAYO deal - Business First of Buffalo:
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million through a privatw stock sale and that it inked a licensingv deal for exclusive rightsto cancer-diagnostic technologied developed by the for Medical Education and The company said it had commences on June 11 the sale of 4.31 million sharese of its common stock at a purchase price of $1.90p a share. Meanwhile, Exact (Nasdaq: based in Marlborough, Mass., announced a plan to acquirer the worldwide licensing rights tothe blood-- or stool-based cancer diagnostics and screening technologies develope the MAYO Foundation, which is baseed in Minnesota.
Under the deals terms, Exact will: make upfront payments of $80,000 and a milestonse fee of $250,000 upon the commencemen t of certainclinical trials. • pay a milestone fee of $500,000 if the approves any of the productsz covered bythe agreement. • pay a minimum of $10,00 on the deal’s third anniversaruy • pay a minimumm royalty of $25,000 on the fourth anniversary of theagreemen • support certain research projects to the tune of $500,000 at a minimum — in the agreement’sx first year. Exact is also obligated to gran t MAYO two warrants topurchase 1.25 million shares of its commonh stock.
The warrants have six-yea r terms and are exercisable at a priceof $1.99 per share, according to a regulatory
million through a privatw stock sale and that it inked a licensingv deal for exclusive rightsto cancer-diagnostic technologied developed by the for Medical Education and The company said it had commences on June 11 the sale of 4.31 million sharese of its common stock at a purchase price of $1.90p a share. Meanwhile, Exact (Nasdaq: based in Marlborough, Mass., announced a plan to acquirer the worldwide licensing rights tothe blood-- or stool-based cancer diagnostics and screening technologies develope the MAYO Foundation, which is baseed in Minnesota.
Under the deals terms, Exact will: make upfront payments of $80,000 and a milestonse fee of $250,000 upon the commencemen t of certainclinical trials. • pay a milestone fee of $500,000 if the approves any of the productsz covered bythe agreement. • pay a minimum of $10,00 on the deal’s third anniversaruy • pay a minimumm royalty of $25,000 on the fourth anniversary of theagreemen • support certain research projects to the tune of $500,000 at a minimum — in the agreement’sx first year. Exact is also obligated to gran t MAYO two warrants topurchase 1.25 million shares of its commonh stock.
The warrants have six-yea r terms and are exercisable at a priceof $1.99 per share, according to a regulatory
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