Literature Review
All posts tagged with “Other News.”
HCA's CEO-to-worker pay ratio over the past 5 years
04/29/24 at 03:00 AMHCA's CEO-to-worker pay ratio over the past 5 years Hospital CFO Report; by Andrew Cass; 4/22/24 Nashville, TN-based HCA Healthcare CEO Sam Hazen was paid between 254 and 556 times more than the health system's median employee since becoming the health system's chief executive in 2019, according to proxy statements filed with the Securities and Exchange Commission. ... Here is how the ceo-to-median-worker pay ratio has changed the past five years: ...
The Dos and Don’ts of enhanced service contracts
04/29/24 at 02:00 AMThe Dos and Don’ts of enhanced service contractsSpecialty Pharmacy Continuum; by Marcus A. Banks; 4/25/24 ... Any pharmacy that interacts with patients—an independent pharmacy, an ambulatory infusion clinic, a health system or specialty pharmacy—can enter an enhanced service contract with a pharmaceutical company. All services offered under these contracts should be documented, auditable and offered at fair prices. Before approaching the company about partnering, Mr. Suchanek advised understanding the distinction between basic and enhanced services. ... “Pharmacy leaders need to demonstrate that they are credible partners,” [David] Suchanek said [Executive Vice President for Biotech & Specialty Services at D2 Solutions].
Executive Personnel Changes - 4/26/24
04/26/24 at 03:00 AMExecutive Personnel Changes - 4/26/24
Cardinal Health, OptumRx break up
04/26/24 at 03:00 AMCardinal Health, OptumRx break up Becker's Hospital Review, by Paige Twenter; 4/22/24Cardinal Health's pharmaceutical distribution contracts with OptumRx, a subsidiary of UnitedHealth Group, will not be renewed, the medical distributor said April 22. The contracts, which mainly included non-specialty bulk shipments to Optum's mail dispensing sites, will expire in late June. In 2023, sales to OptumRx generated 16% of Cardinal Health's consolidated revenue. "Total sales to OptumRx generate a meaningfully lower operating margin than the overall pharmaceutical and specialty solutions segment," Cardinal said. McKesson Corp. won the contract, according to Bloomberg, which cited Evercore ISI.
Other Business Headlines of Interest, updated 4/25/24 per nasdaq.com
04/26/24 at 03:00 AMOther Business Headlines of Interest, updated 4/25/24 per nasdaq.com
Executive compensation at HCA, CHS, Tenet and UHS: 7 things to know
04/24/24 at 03:00 AMExecutive compensation at HCA, CHS, Tenet and UHS: 7 things to know Becker's Hospital Review, by Alan Condon; 4/16/24 Most of the top-earning executives, including CEOs and CFOs, at four of the largest for-profit health systems in the U.S. saw their overall compensation increase in 2023, according to proxy statements recently filed with the Securities and Exchange Commission. Seven things to know about executive compensation at HCA Healthcare (Nashville, Tenn.), Community Health Systems (Franklin, Tenn.), Tenet Healthcare (Dallas) and Universal Health Services (King of Prussia, Pa.): ... [Click on the title's article for salary figures.]
Other Business Headlines of Interest, updated 4/18/24 per nasdaq.com
04/19/24 at 03:00 AMOther Business Headlines of Interest, updated 4/18/24 per nasdaq.com
Executive Personnel Changes - 4/19/24
04/19/24 at 03:00 AMRecent Executive Changes - 4/19/24
Former nursing home CEO gets 2.5 years, must pay $11 million restitution for neglecting payroll taxes
04/15/24 at 03:00 AMFormer nursing home CEO gets 2.5 years, must pay $11 million restitution for neglecting payroll taxes McKnights Long-Term Care News, by Josh Henreckson; 4/9/24The former CEO of a healthcare administrative services company was sentenced Friday to 30 months in prison followed by two years of supervised release for failing to pay more than $10 million in payroll taxes at companies he owned. Josef Neuman had been CEO of a Lakewood, NJ, company that provided services to nursing homes and other healthcare providers, including around 20 that Neuman also co-owned.
I’m a CEO: Here’s how much I made in my first role & how that inspired me to keep going
04/12/24 at 03:00 AMI’m a CEO: Here’s how much I made in my first role & how that inspired me to keep going Nasdaq.com, by Martin Dasko; 4/10/24 If you’ve ever wondered what a CEO made in their first job, we’ve spoken with someone who shared insights into his journey from an entry-level position to being in charge of an entire business. [Lessons:]
Other Business Headlines of Interest, updated 4/11/24 per nasdaq.com
04/12/24 at 03:00 AMOther Business Headlines of Interest, updated 4/11/24 per nasdaq.com
Other Business Headlines of Interest, updated 4/4/24 per nasdaq.com
04/05/24 at 03:00 AMOther Business Headlines of Interest, updated 4/4/24 per nasdaq.com
Hospital CEO turnover up 36% in February
04/05/24 at 03:00 AMHospital CEO turnover up 36% in FebruaryBecker's Hospital Review, by Kelly Gooch; 3/29/24Hospitals reported 15 CEO changes last month, marking a 36% increase from January. Hospitals announced 26 CEO changes total in the first two months of 2024, according to a March 29 report from Challenger, Gray & Christmas, an executive coaching firm that examines CEO turnover in the U.S. ... Across the 29 industries and sectors measured by the firm, there were 248 CEO changes in February, up 28% from the 194 CEO exits recorded the month prior. Last month's total marked the highest monthly total on record, according to the firm. Challenger, Gray & Christmas began tracking CEO exits 22 years ago.
Retirement runway lengthens for some CEOs
04/02/24 at 03:00 AMRetirement runway lengthens for some CEOsBecker's Hospital Review, by Alexis Kayser; 3/28/24Amid an uptick in abrupt CEO exits, some hospital leaders are drawing out their departures. ... [A] number of CEOs giving retirement notices well in advance. The reasons might seem obvious: Sudden exits, especially from a tenured leader, can disrupt entire systems. A longer transition period gives boards time to identify the right successor and even allows for some overlap in which the outgoing and incoming CEOs can exchange ideas.
UnitedHealth Group names president
04/02/24 at 03:00 AMUnitedHealth Group names president Becker's Payer Issues, by Rylee Wilson; 3/29/24 UnitedHealth Group has named CFO John Rex as president of the company. Mr. Rex is taking over the president role from COO Dirk McMahon, who plans to retire. UnitedHealth Group has not announced a successor in the COO role.
Other Business Headlines of Interest, updated 3/28/24 per nasdaq.com
03/29/24 at 03:00 AMOther Business Headlines of Interest, updated 3/28/24 per nasdaq.com
The do's and don'ts after an abrupt exec resignation
03/26/24 at 03:00 AMThe do's and don'ts after an abrupt exec resignation Becker's Hospital Review, by Kelly Gooch; updated 3/21/24 Turnover among hospital and health system CEOs and other executives is to be expected, and many times they involve planned retirements or advance notice of departures for new roles. However, there are also times when a leader abruptly exits their role. ... There is also no one-size-fits-all approach when it comes to preparing C-suite members for what comes next when an abrupt executive exit occurs. However, Dr. Dunkle and leaders at executive search firms provided some general do's and don'ts.
Nominate an influential clinical executive today
03/26/24 at 03:00 AMNominate an influential clinical executive todayModern Healthcare; 3/20/24 Modern Healthcare is seeking nominations through April 15 for our annual 50 Most Influential Clinical Executives awards. The recognition program recognizes clinical leaders across the industry who are paving the way to better health through their executive responsibilities, leadership qualities, innovative ideas, community service and achievements inside and outside of their organizations. Nominations are open.
Other Business Headlines of Interest, updated 3/21/24 per nasdaq.com
03/22/24 at 03:00 AMOther Business Headlines of Interest, updated 3/21/24 per nasdaq.com
Healthcare CEO exits marked by fresh faces, empty tanks
03/20/24 at 03:00 AMBecker's Hospital Review, by Alexis Kayser; 3/29/24 Last year, hospital CEO turnover hit a record high, placing additional strain on many health systems' unstable foundations. In March, Becker's connected with healthcare leaders at prominent executive search and consulting firms to learn where this trend stands. ... [This article examines:]
Other Business Headlines of Interest, updated 3/14/24 per nasdaq.com
03/15/24 at 03:00 AMOther Business Headlines of Interest, updated 3/14/24 per nasdaq.com
5 hospitals seeking CEOs
03/14/24 at 03:00 AM5 hospitals seeking CEOs Becker's Hospital Review, by Kelly Gooch; 3/11/24 Here are five hospitals that recently posted job listings seeking CEOs.|
Other Business Headlines of Interest, updated 3/7/24 per nasdaq.com
03/08/24 at 03:00 AMOther Business Headlines of Interest, updated 3/7/24 per nasdaq.com
Board Director Role: A discreet leadership role gets tougher
03/07/24 at 03:00 AMBoard Director Role: A discreet leadership role gets tougherBecker's Hospital Review, by Molly Gamble; 3/5/24A position at the top of organizations, including health systems, is "probably more complex than ever" but with limited visibility. The board director role is increasingly demanding, according to Frithjof Lund, the global leader of McKinsey's Board Services practice. "New topics pile onto the board agenda almost by the day," Mr. Lund said. "We've also seen a massive increase in the expectations of the board to engage on strategy, investments and M&A, performance management, risk, talent, and the organization."