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QUICK HITS (8-25-11) Print E-mail
Written by FHI Staff Writers   
Wednesday, 31 August 2011 17:27

HCR and the S & P Downgrade

Writing about HCR and its alleged contribution to the S & P downgrade (in Becker's ASC Review), Tom Mallon, CEO, Regent Surgical Health, stated "If an insurance executive ran a regulated insurance company this way, he would be jailed for 'diversion' and 'co-mingling funds.'  This is not far from the "Madoff-esque" Ponzi schemes that receive so much publicity."   The story is entitled:  Why Did Standard & Poors Downgrade the United States? (and What It Says About Healthcare Reform).

News Releases | University of Miami 
The Fanjul family, owners of Florida Crystals Corporation, have pledged a $1 million gift to Bascom Palmer Eye Institute, part of the University of Miami's Miller School of Medicine. The gift will help create a clinical research center at Palm Beach Gardens campus.

Submit a QUICK HIT for possible publication.
Last Updated on Wednesday, 31 August 2011 17:34
Accolades for Female Healthcare Leaders Print E-mail
Written by Jeffrey Herschler   
Wednesday, 24 August 2011 18:19

The annual Influential Business Women honorees were recently announced by the SFBJ.  25 powerful females were recognized and at least five had health industry connections: 
  • Elizabeth Fago, Palm Health Partners (long-term healthcare provider based in Palm Beach County)
  • Maureen G. Mann, Michael and Dianne Bienes Cancer Center, Holy Cross Hospital
  • Mouji Linarez-Castillo, ANF Group (Construction Company that built Joe DiMaggio Hospital)
  • Jen Klaassens, The Wasie Foundation (A philanthropic organization known for significant donations to healthcare entities)
  • Maria Currier Esq., Holland & Knight (Healthcare Attorney)
Last Updated on Wednesday, 24 August 2011 18:24
South Florida Hospitals: Financial, Quality Results Revealed Print E-mail
Written by Jeffrey Herschler   
Wednesday, 10 August 2011 10:32

Based on a recent South Florida Business Journal Report, the five largest hospital operators in the region are Baptist Health South Florida, Tenet, HCA, Memorial Healthcare System and Jackson Memorial Hospital.  See chart:  Largest S. FL Hospital Operators.  The top five all boasted net operating revenues in excess of $1 billion in fiscal year 2010.  The top four all earned an excess of revenue over expenses (i.e. profits) in the 3-7% range.  Jackson suffered a loss of $34.4 million versus $1.14 billion in revenue.  SFBJ notes that Jackson's loss has narrowed by 80.7% when compared to 2009.   

Meanwhile, U.S. News & World Report just released its Best Hospitals Report.  To learn about their methodology, click HERE.   This is the top five in South Florida according to USN&WR:
  • University of Miami, Jackson Memorial Hospital
  • Cleveland Clinic Florida
  • Mount Sinai Medical Center
  • Bascom Palmer Eye Institute (UM Health System)
  • Baptist Hospital of Miami 
To their credit, some operators occupy both lists. After all, how can one continue to deliver top quality without also delivering strong financial results? Interestingly (and perhaps ominously), there are no for profit entities occupying the top five quality list. 

See the rankings in your community by clicking here:  U.S. News & World Report: Top FL Hospitals

QUICK HITS - AUG 2011 Print E-mail
Written by Jeffrey Herschler   
Wednesday, 10 August 2011 10:23

According to Allan Baumgarten's Florida Health Market Review 2011, "Florida HMOs improved their net income in 2010, posting net income after taxes of $669.9 million, or 3.5% of underwriting revenues. That is up from 2009 results of $576.7 million, or 3.1% of premium revenues."

Baptist Health, South Florida has been named "one of the Most Wired healthcare organizations in the U.S." for the tenth time by Hospitals and Health Networks magazine.

According to a recent article in the Palm Beach Post, "Stimulus money set aside by Congress in 2009 is beginning to find its way to doctors and hospitals nationwide as they make the transition from paper medical records to electronic ones." (SEE ARTICLE In Fla., $248M of stimulus is planned to fuel a shift in medical records .)  Meanwhile IOS Health Systems just announced that a physician in Puerto Rico has received her $18,000 Stimulus check and was the first in Puerto Rico do so. Read the press release, HERE.
Last Updated on Wednesday, 10 August 2011 10:27
New FDA Draft Guidance Regarding Financial Disclosures by Clinical Investigators Print E-mail
Written by   
Wednesday, 03 August 2011 13:21

New recommendations recently released by the FDA demonstrate the changing environment for conflicts of interest management and emphasize the need for pharmaceutical companies, medical device manufacturers and health care providers to ensure they have internal processes that adequately anticipate and meet the baseline requirements.

Read the full article here. | Source:

Last Updated on Wednesday, 03 August 2011 13:36
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