Literature Review
All posts tagged with “Other News | Business Headlines of Interest.”
The drivers of new C-suite role creation
11/08/24 at 03:00 AMThe drivers of new C-suite role creation Becker's Hospital Review; by Kelly Gooch and Kristin Kuchno; 11/5/24 In creating new C-suite roles within healthcare, hospitals and health systems have cited reasons as varied as seeing new opportunities for growth or finding gaps in coverage as their motivation. At least 31 new leadership roles have been added to healthcare organizations since February 2024. Among the new roles are chief health equity officer, chief decarbonization officer and chief experience officer. Here is why four organizations added new roles to their executive leadership teams.
14 president, CEO job openings at large health systems
10/14/24 at 03:00 AM14 president, CEO job openings at large health systems Becker's Hospital Review; by Kelly Gooch; 10/10/24 Large health systems are seeking leaders for roles at the top of their hospitals across the U.S. Below are job listings active on the job boards of St. Louis-based Ascension, Franklin, Tenn.-based Community Health Systems, Chicago-based CommonSpirit Health and King of Prussia, Pa.-based Universal Health Services as of Oct. 10 for president and CEO positions with their hospitals or subsidiaries, organized by role.
Awards and Recognitions: September 2024
09/30/24 at 03:05 AMAwards and Recognitions: September 2024 We congratulate these honorees and celebrate their contributions to our collective hospice and palliative care mission, vision, and compassionate care throughout our world. Do you know any of these leaders? We encourage you to forward this to them or to find another way to celebrate their success.
10 fastest growing C-suite roles
09/25/24 at 03:00 AM10 fastest growing C-suite roles Becker's Hospital Review - Leadership & Management; by Kristin Kuchno; 9/23/24 Organizations in the U.S. are expanding their C-suite with technology- and human-focused executive roles. LinkedIn analyzed the fastest growing C-suite roles from 2022 to 2023 using member profile information, ... Here are the top 10 fastest growing roles LinkedIn found [from #1 highest to #10]: 1. Chief data officer; 2. Chief legal officer; 3. Chief human resources officer; 4. Chief product officer; 5. CEO; 6. Chief technology officer; 7. Chief commercial officer; 8. Chief information security officer; 9. Chief people officer; 10. Chief marketing officer.
20 massive physician group deals shaping the industry
07/16/24 at 03:00 AM20 massive physician group deals shaping the industry Becker's ASC Review; by Patsy Newitt; 7/12/24 Facing increasing obstacles to access economies of scale, including rising practice costs and decreasing reimbursement, physician groups are increasingly consolidating. Here are [several of the] 20 physician group deals [listed that have been] shaping the industry since 2022:
Hospital staffing shortages draws hundreds to California rally
05/27/24 at 03:00 AMHospital staffing shortages draws hundreds to California rally AFSCME, American Federation of State, County & Municipal Employees; by UNANC/UHCP and AFSCME International Staff; 5/21/24 SACRAMENTO, Calif. – More than 400 health care union members went to the California state Capitol during National Nurses Week this month to appeal to the state’s elected leaders to fix the nursing education backlog and hospital staffing issues that affect patient care. ... Rally participants pressed lawmakers to make health care education and training programs more accessible so students remain in their California communities for their health care careers. They also appealed to lawmakers to empower health care professionals to enforce safe staffing standards in the state’s hospitals.Editor's Note: Pair this article with others in today's issue, in our "Education" section.
A thoughtful exit from the C-suite
05/14/24 at 03:00 AMA thoughtful exit from the C-suite Becker's Hospital Review; by Kelly Gooch; 5/8/24 Stepping away from the C-suite takes many forms, and hospital and health system executives leave for a variety of reasons, including to retire or to take on new challenges. However, each individual must consider that transition from a business, emotional and personal perspective. For Peter Fine, who has served as Phoenix-based Banner Health's CEO for 24 years, those considerations were part of his thought process. He announced his retirement in April. However, he began to think about his transition out of the C-suite three years ago. ...
Walmart Health is closing
05/02/24 at 02:00 AMWalmart Health is closingWalmart; 4/30/24Back in 2019, we launched Walmart Health centers. During our five-year journey, we made meaningful impacts with patients while continuing to learn, pivot and evolve. While our mission to help people save money and live better remains, today we are sharing the difficult decision to close Walmart Health and Walmart Health Virtual Care. Through our experience managing Walmart Health centers and Walmart Health Virtual Care, we determined there is not a sustainable business model for us to continue.
How to overcome the disruptive forces that can impede high-value innovation
04/30/24 at 02:00 AMHow to overcome the disruptive forces that can impede high-value innovation Healthcare Financial Management Association (hfma.org); by Liz DeForest; 4/28/24 ... Healthcare is full of what we call “missing innovations” — good ideas that never go beyond promising pilot tests or, like EHRs, are adopted so slowly that their progress is measured in decades, even though other industries were adopting digital solutions very rapidly. Switchover disruptions are among the reasons for these missing innovations. ... [The author interviewed authors of Why not better and cheaper? (Oxford University Press, June 2023), written by industry analysts and twin brothers James B. and Robert S. Rebitzer about their observations of health system action and inaction. James Rebitzer is the Peter and Deborah Wexler Professor at Boston University’s Questrom School of Business. Robert Rebitzer is a national adviser at the consulting firm Manatt Health.]
5 hospitals seeking CEOs
04/29/24 at 03:00 AM5 hospitals seeking CEOsBecker's Hospital Review; by Kelly Gooch; 4/22/24 Here are five hospitals that recently posted job listings seeking CEOs.Note: This is not an exhaustive list. Listings were compiled from job-seeker websites. Listings will be updated routinely on this page and were last updated April 22. ...
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].
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.
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.]
Modern Healthcare's 2024 Diversity Leaders Awards: Nominate a diverse leader
04/16/24 at 03:00 AMModern Healthcare's Diversity Leaders Awards: Nominate a diverse leader Modern Healthcare; 4/12/24 The Diversity Leaders in Healthcare awards program takes great pride in honoring the healthcare executives and organizations working to further equity and inclusion at their organizations and in the overall industry. ... [Click on the title's link for Individual and Organizational Awards' Dates, Eligibility, Criteria, Required Materials, and more]
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.
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
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:]
Michael Dowling: 9 healthcare nuances that defy simple criticisms
04/02/24 at 03:00 AMMichael Dowling: 9 healthcare nuances that defy simple criticismsBecker's Hospital Review; by Michael J. Dowling; 3/28/24Those who work in healthcare should be proud of the distinct role we play in our communities and society. ... Beyond all the numbers and details, it is important to understand that healthcare is deeply human and personal. We are all potential patients — many of us have already been. ... [Click on the article's title for Dowling's 9 differences and distinctions for nonprofit healthcare.]
Hospital charity care falls short of nonprofit tax breaks: Lown
04/01/24 at 03:00 AMHospital charity care falls short of nonprofit tax breaks: Lown Modern Healthcare, by Caroline Hudson; 3/26/24The vast majority of nonprofit hospitals aren't providing a level of community support equal to the value of what they are receiving in tax breaks, according to a study published Tuesday. ... Using 2021 Internal Revenue Service data, Lown found about 80% of nonprofit hospitals, or more than 1,900 out of 2,425 hospitals, received more in tax break benefits than the support provided to communities.
5 C-suite roles talent leaders are watching
03/29/24 at 03:15 AM5 C-suite roles talent leaders are watchingBecker's Hospital Review, by Alexis Kayser; 3/21/24Becker's recently connected with HR and talent executives to learn how their health systems are strengthening leadership pipelines. When asked which leadership roles they expect to focus hiring efforts on in the coming years, these C-suite titles emerged.
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
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.
15 top health system workplaces, per USA Today
03/26/24 at 03:00 AM15 top health system workplaces, per USA Today Becker's Hospital Review, by Giles Bruce; 3/21/24 Fifteen health systems were named top workplaces in the U.S. by USA Today and human resources technology company Energage. Released March 20, the Top Workplaces USA 2024 list was determined using Energage's confidential employee engagement surveys and participating company benchmarks that take into account years of workplace culture research. [Click on the title's link to view these 15 health systems]Editor's Note: Each of these health systems has a hospice and/or palliative program. We honor your commitments and innovations to ensure "top workplace cultures" for your employees.
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