In his book Winning, General Electric’s Jack Welch famously griped: “It sucks the energy, time, fun, and big dreams out of an organization. It hides opportunity and stunts growth. It brings out the most unproductive behaviors in an organization, from sandbagging to settling for mediocrity.”
White Nelson Diehl Evans LLP, Irvine, presented Kick Off 2012 with New Goals, a forum for nonprofit leaders, on January 20. … Haskell & White LLP, Irvine and San Diego, announced a roundtable series to address the future of revenue recognition.
Mergers and acquisitions generally occur because organizations want to become bigger or they want to acquire capabilities that will make them more effective, but no matter what the reasons for the transactions, they aren’t simple.
Due to the high level of consolidation in the healthcare industry, the amount of hospital closures has increased. Although some hospitals have closed due to bankruptcy and financial issues, some hospitals close because the healthcare services are transferred to another facility. A health system may consolidate services to increase efficiency and reduce unnecessary healthcare costs. Regardless of the reason, the closing of a hospital — often a long-standing symbol in a community — can be hard for employees, physicians and community members to accept. They may pushback on the deal. According to Doug Fenstermaker, managing director and vice president of healthcare for Warbird Consulting Partners and former CFO of HealthEast Care System in St. Paul, Minn., when an executive team closes a hospital, they need to prepare employees and even community members for a “grieving” process: denial, anger, bargaining, depression and acceptance.
A North Chicago medical school with booming enrollment and an Arlington Heights nursing home that needs to modernize are plowing ahead with construction plans.
(Crain’s) — A North Chicago medical school with booming enrollment and an Arlington Heights nursing home that needs to modernize are plowing ahead with construction plans.
Hospital transactions can be transformative periods for hospitals due to the potential cultural and operational shifts that could result. Hospital staff and physicians may find it difficult to adjust to enterprise wide cultural changes. The following five best practices will help hospital executives and administrators guide their hospital staff and physicians through these cultural transitions.
I need to correct an earlier post and apologize for misleading you.
This week I declared “39 percent of payers report they won’t be ready for ICD-10 in 2014.” This was based upon a HealthEdge news statement that teased their State of the Payor survey. What led me to write the 39 percent headline was this nugget of information, simple math and deductive reasoning:
“Only 61 percent of payors believe they will be ready to meet the new ICD-10 compliance deadline”
The Supreme Court upholds the vast majority of the Affordable Care Act, but its decision raises new questions about Medicaid expansion
While the Supreme Court last month closed the door on a major constitutional question, the justices appear to have created a new era of uncertainty surrounding a key provision of health care reform.