Literature Review

Former 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 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:]

Hospital 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.

Other Business Headlines of Interest, updated 3/28/24 per nasdaq.com

Nominate 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.

Aging Media Network, a WTWH media company, announces 2024 Aspect Awards WinnersSkilled Nursing News, by Jessica Longly; 3/18/24 Aging Media Network, a WTWH Media company, is proud to announce the 2024 Aspect Awards winners. With more than 60 submissions across the categories of Behavioral Health, Home Health & Home Care, Hospice & Palliative Care, Senior Housing & Senior Living, and Skilled Nursing (SNF), the focus on innovation and creativity is sharper than ever before. [Click on the title's link for the full list. Of note for this newsletter's readers:]

What's not talked about in healthcare enough? Becker's Health IT, by Naomi Diaz; 3/14/24 In the rapidly evolving landscape of healthcare technology, industry leaders express a common concern: the overshadowing of fundamental practices by the allure of cutting-edge innovations. Becker's asked seven hospital and health system leaders at the HIMSS 2024 annual meeting: What's something in healthcare or the health tech space that is not talked about enough?

5 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

Board 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." 

15 C-level job openings with HCA Becker's Hospital Review, by Molly Gamble; 3/5/24The largest health system in the country is seeking leaders for numerous roles at the top of its hospitals. With more than 182 hospitals and 2,300 sites of care, Nashville, Tenn.-based HCA Healthcare is seeking to fill thousands of positions across its 20-state enterprise. [Included] are job listings active on the HCA job boards as of March 4 for C-level executive positions with its hospitals or subsidiaries, organized by role and presented alphabetically.

The unique perspectives of healthcare leaders under 40Becker's Hospital Review, by Kelly Gooch; 2/2024Becker's asked some of our "rising stars" under 40 to answer the following question: As a young leader in healthcare, what unique perspectives or approaches do you bring to your role that you believe are particularly valuable in driving innovation and addressing the evolving needs of patients and healthcare providers?

Why not-for-profit health systems need positive margins: Deloitte Becker's Hospital CFO, by Andrew Cass; 2/28/24Health system margins are the "lifeblood of a healthy, patient-centered, innovative health care system and community," according to a report from consulting firm Deloitte.  "Claims that profits are not important in fact undermine the ability to fund the mission, serve the community, and deliver better, equitable care," Deloitte said in the report. ... "[Systems] should consider a holistic approach that integrates margin drivers to create a balanced transformation portfolio, according to the report. Timing and sequencing are important within each driver and "a full understanding of the dollar impact and priority of each is necessary for margin improvement to be successful."