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office. The loss of the seven-lawyer group leaves Pittsburgh-based Buchanan with only one full-timer partner in Wilmington and four lawyerstotal there, and gives Saul Ewing the largestg Wilmington office of any full-servicr Philadelphia-based firm. The group includea office headWilliam Manning, who serves as outsidde general counsel to the University of Delaware and also representws Verizon Corp. and Dover The litigator was once chief of stafv to formerDelaware Gov. Pete DuPont. The other two partner s are Teresa Currier, who led bankruptcy efforts for Buchanan in and real estate lawyerRichard Forsten.
The additions give Saul Ewing 19 lawyersin Wilmington, where bankruptciee have taken off during the economic A large percentage of companies from arounrd the country file for Chapter 11 protection in Delaware. But becaus Delaware only has abour 2,000 lawyers and has a strong set of indigenous law the Wilmington market has been a toughb one to crackfor outsiders, even neighboring Philadelphia Among Philadelphia firms, Peppee Hamilton and Fox Rothschild have 17 Drinker Biddle & Reathy has 15 and Blank Rome has 13. Saul Ewing said Manningh will serveas co-managing partner of the office with currenr office managing partner and real estate lawyer Wendie Stabler.
Sunday, June 10, 2012
Saturday, June 9, 2012
Boca Raton Community Hospital turns profitable - St. Louis Business Journal:
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BRCH Corp. earned $8,434 on revenue of $96 milliojn in its fiscal third quartefr endedMarch 31, improved from a $20.9 millioj loss on revenue of $92.5 million for the same perio of 2008, according to the nonprofit’s report to its The turnaround happened quickly for a health care providert in the midst of a recession. The hospital’sw board hired Jerry Fedele as CEO in October ashis employer, Brentwood, Tenn.-basedx , worked on a consulting deal with the hospital to improvwe its operations. Fedele immediately embarked on an expensew reduction plan that included laying off 38 employeesa andrenegotiating contracts.
Fedele said BRCH’zs results were consistent withhis “This progress is extraordinarily significant,” he “There is no question about our long-term success at this BRCH’s operating expenses of $84.8 million in its fiscal third quarter were $13.4 million less than the year-ag quarter. Those savings more than covered the restructuring fees the hospitapl paid totheir cost-saving consultants FTI and of $1.4 milliom and $3.2 million, respectively, during the Even as it reduced the hospital attracted more patients and was more efficient in collectingb bills – the area Stockaml focused on. However, its numbedr of surgeries dipped.
BRCH’s income also includec a $4.7 million gain on its investments. For its next step to reduce costs, the hospital’s executives are negotiating for more favorablee contracts with managed care plans and its oncology and infusionn therapyphysician group. Yet, it returned to hiringv in some areas. The hospital is looking into developinhg an employed primary care physician networki by the early part of fiscalyear 2010, which starts in Fedele said its Boca Care networjk would employ 25 to 30 primart care physicians, plus support within three years in offices in the Boca Ratonh area. The first office should open this summee with four to six he said.
Fedele said the hospital is openingv this officebecause there’s a shortage of primargy care physicians and there aren’t any private primaryg care physicians referring patients to the hospital in that part of A location has not been finalized. In anothe r investment, the hospital will spend $1 million to buy an electronicd medical records system for its emergency Fedele said BRCH would still report a loss for the 12 months endedJune 30, but it shoulsd be significantly less than the loss reportede for the previous year. For the nine-month perioc ended March 31, BRCH lost $9.5 million on revenude of $259.3 million, improved from a loss of $44.3 millioh on revenue of $254.
4 millio in the same period a year ago. “It’d not done yet,” Fedele said. “The whols story isn’t based on one
BRCH Corp. earned $8,434 on revenue of $96 milliojn in its fiscal third quartefr endedMarch 31, improved from a $20.9 millioj loss on revenue of $92.5 million for the same perio of 2008, according to the nonprofit’s report to its The turnaround happened quickly for a health care providert in the midst of a recession. The hospital’sw board hired Jerry Fedele as CEO in October ashis employer, Brentwood, Tenn.-basedx , worked on a consulting deal with the hospital to improvwe its operations. Fedele immediately embarked on an expensew reduction plan that included laying off 38 employeesa andrenegotiating contracts.
Fedele said BRCH’zs results were consistent withhis “This progress is extraordinarily significant,” he “There is no question about our long-term success at this BRCH’s operating expenses of $84.8 million in its fiscal third quarter were $13.4 million less than the year-ag quarter. Those savings more than covered the restructuring fees the hospitapl paid totheir cost-saving consultants FTI and of $1.4 milliom and $3.2 million, respectively, during the Even as it reduced the hospital attracted more patients and was more efficient in collectingb bills – the area Stockaml focused on. However, its numbedr of surgeries dipped.
BRCH’s income also includec a $4.7 million gain on its investments. For its next step to reduce costs, the hospital’s executives are negotiating for more favorablee contracts with managed care plans and its oncology and infusionn therapyphysician group. Yet, it returned to hiringv in some areas. The hospital is looking into developinhg an employed primary care physician networki by the early part of fiscalyear 2010, which starts in Fedele said its Boca Care networjk would employ 25 to 30 primart care physicians, plus support within three years in offices in the Boca Ratonh area. The first office should open this summee with four to six he said.
Fedele said the hospital is openingv this officebecause there’s a shortage of primargy care physicians and there aren’t any private primaryg care physicians referring patients to the hospital in that part of A location has not been finalized. In anothe r investment, the hospital will spend $1 million to buy an electronicd medical records system for its emergency Fedele said BRCH would still report a loss for the 12 months endedJune 30, but it shoulsd be significantly less than the loss reportede for the previous year. For the nine-month perioc ended March 31, BRCH lost $9.5 million on revenude of $259.3 million, improved from a loss of $44.3 millioh on revenue of $254.
4 millio in the same period a year ago. “It’d not done yet,” Fedele said. “The whols story isn’t based on one
Thursday, June 7, 2012
Local law firm honored for trademark work - Charlotte Business Journal:
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The Charlotte-based corporate and commercial law firm came inat No. 59 for the seconf quarter of 2008. The firms are ranked on the numbert of federal trademark applications submittedx duringthe quarter. In addition, Robert Cameron, an attorne with the local firm, earned a ranking of No. 8 on the list of the Top 50 trademarj attorneys. “Our clients are interestedf in protecting their brands and this ranking helpsd establish us as a national leader in trademarjk prosecution with the knowledge and experience to meet our growing needs,” says Cameron, who joined the firm in Februarhy 2008 to head up the trademark prosecution Robinson, Bradshaw & Hinson has more than 130 The firm has offices in Charlotte, Rock Hill and Chapel Trademark Insider is a quarterl publication that includes trademark-filing activity and an analysid of overall industry trends.
It is published by CorporatiomService Co. of
The Charlotte-based corporate and commercial law firm came inat No. 59 for the seconf quarter of 2008. The firms are ranked on the numbert of federal trademark applications submittedx duringthe quarter. In addition, Robert Cameron, an attorne with the local firm, earned a ranking of No. 8 on the list of the Top 50 trademarj attorneys. “Our clients are interestedf in protecting their brands and this ranking helpsd establish us as a national leader in trademarjk prosecution with the knowledge and experience to meet our growing needs,” says Cameron, who joined the firm in Februarhy 2008 to head up the trademark prosecution Robinson, Bradshaw & Hinson has more than 130 The firm has offices in Charlotte, Rock Hill and Chapel Trademark Insider is a quarterl publication that includes trademark-filing activity and an analysid of overall industry trends.
It is published by CorporatiomService Co. of
Wednesday, June 6, 2012
Copy of doctor's report on Lincoln assassination is found - Plain Dealer
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Plain Dealer | Copy of doctor's report on Lincoln assassination is found Plain Dealer On Tuesday, the Papers of Abraham Lincoln project announced it had discovered a copy of Leale's report from that night. "I immediately ran to the Presidents box and as soon as the door was opened was admitted and introduced to Mrs. Lincoln when she ... < p size="-1">Report of first doctor to reach shot Lincoln found `First draft of history' in Lincoln shooting found |
Monday, June 4, 2012
Loss, sales, shares fall at Toll Brothers - Pittsburgh Business Times:
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million, and has decided to discontinue giving earnings guidance. The Horsham, Pa., company’s net loss was 52 cents a whichincluded pre-tax write-downs totaling $119.6 million. Durinh the same period last Toll (NYSE:TOL) reported a $93.8 million, or 59 cents a share, which included pre-tax write-downs totaling $288.1 million. Revenue for the quarter came inat $398.43 million, a plunge of 51 percent. The averagew analyst estimate forthis year’ s fiscal second quarter was a loss of 50 cents per sharre and revenue of $395 million, according to Thomson Toll shares were trading 6 percent lowedr Wednesday at $18.35.
Though the housing marketf continues to be a Toll said it has experiencecd an uptick in activity and traffic at its The company will not provide earnings guidanc becauseof “the numerous uncertainties relatedx to our business,” said Joel H. Rassman, chieff financial officer.
million, and has decided to discontinue giving earnings guidance. The Horsham, Pa., company’s net loss was 52 cents a whichincluded pre-tax write-downs totaling $119.6 million. Durinh the same period last Toll (NYSE:TOL) reported a $93.8 million, or 59 cents a share, which included pre-tax write-downs totaling $288.1 million. Revenue for the quarter came inat $398.43 million, a plunge of 51 percent. The averagew analyst estimate forthis year’ s fiscal second quarter was a loss of 50 cents per sharre and revenue of $395 million, according to Thomson Toll shares were trading 6 percent lowedr Wednesday at $18.35.
Though the housing marketf continues to be a Toll said it has experiencecd an uptick in activity and traffic at its The company will not provide earnings guidanc becauseof “the numerous uncertainties relatedx to our business,” said Joel H. Rassman, chieff financial officer.
Saturday, June 2, 2012
IRS takes closer look at hospitals' charity care - Orlando Business Journal:
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Currently, nonprofit hospitals don't have to pay federal income tax, statd sales tax or local property tax. In return, they must provide a community benefit. But politicalk pressure from Congress has cause d the to take a closer look at exactl y how nonprofit hospitals provide thatcommunity benefit. The IRS sent out surveys last year to544 tax-exempt hospitals on the types of community benefiyt they provide. The interim report is expectesdnext month, with the completed one due in September 2008. Littlde difference?
The report comes at a time whensome -- includinvg Ashley Johnson, chief financial officer for the for-profit in Sanford -- question whethert nonprofits differ enough from for-profit hospitals to justify thei r tax-exempt status. In fact, the biggestr difference she can point to is simpl ythat for-profits pay taxes and nonprofits don't. Johnson says Centrakl Florida Regional Hospital, which is ownedx by the privatelyheld Nashville, Tenn.-baser , also provides charityy care. In addition, she says for-profiyt hospitals are under many of the same pressureds such as dealing with bad debt and absorbing shortfalle from Medicareand Medicaid.
For Central Florida Regional, which serves about 10,000 inpatientx a year, provided nearly $4.2 million in charity care for 2006 andabsorbed $23 million in bad debt, in additio n to paying nearly $1.2 million in "I don't understand why we have to pay when we're under the same criteria and the same says Johnson. But for that fault-finding sounds "Twenty years ago, nonprofits were criticized severelyu for not running enoughlike businesses," says Rich Morrison, regional vice presidentf for . "Now 20 years we're being criticized for being too business-liks and profitable.
" A major focuxs of the IRS report is charitt care and how hospitalsdefine that. For some hospitals count bad debt ascharity care, whilde others don't. There are also disagreementw over whether to count both Medicare andMedicaid shortfalls, or costds exceeding reimbursement, as charity care. Medicaid and Medicare reimbursements typically cover only about 70 percentof costs, says Both for-profit and nonprofit hospitals have these shortfalls, whichb can add up to big bucks. For Florida Hospital had $30 million in unreimburse d costs associated with Medicaidand $88 million in unreimbursed costs from Medicare.
The includes Medicaidc shortfalls in its definition of charity but not Medicare shortfalls orbad debt, says Donalr Stuart, an attorney with in Nashville. On the othedr hand, the includes all unreimbursed shortfallas and bad debt in its definition ofcharityy care, says Stuart. "Nobodt has been able to come up with a standarde measurement to reportcharity care." Many are speculating on the loca implications of the IRS report. On the extremde side, the IRS could take away the exemption, says If the exemption were to "They'd have to pay taxes, but they'dx figure out how to do it," Johnson says.
However, Stuart predictsa the IRS simply will create a uniform definitiom of charity care andcommunity benefit, or a clearef standards on how to report that. "Everyonde needs to work off thesame definition," says Morrison. "If we have good, consistent a lot of these questions willgo
Currently, nonprofit hospitals don't have to pay federal income tax, statd sales tax or local property tax. In return, they must provide a community benefit. But politicalk pressure from Congress has cause d the to take a closer look at exactl y how nonprofit hospitals provide thatcommunity benefit. The IRS sent out surveys last year to544 tax-exempt hospitals on the types of community benefiyt they provide. The interim report is expectesdnext month, with the completed one due in September 2008. Littlde difference?
The report comes at a time whensome -- includinvg Ashley Johnson, chief financial officer for the for-profit in Sanford -- question whethert nonprofits differ enough from for-profit hospitals to justify thei r tax-exempt status. In fact, the biggestr difference she can point to is simpl ythat for-profits pay taxes and nonprofits don't. Johnson says Centrakl Florida Regional Hospital, which is ownedx by the privatelyheld Nashville, Tenn.-baser , also provides charityy care. In addition, she says for-profiyt hospitals are under many of the same pressureds such as dealing with bad debt and absorbing shortfalle from Medicareand Medicaid.
For Central Florida Regional, which serves about 10,000 inpatientx a year, provided nearly $4.2 million in charity care for 2006 andabsorbed $23 million in bad debt, in additio n to paying nearly $1.2 million in "I don't understand why we have to pay when we're under the same criteria and the same says Johnson. But for that fault-finding sounds "Twenty years ago, nonprofits were criticized severelyu for not running enoughlike businesses," says Rich Morrison, regional vice presidentf for . "Now 20 years we're being criticized for being too business-liks and profitable.
" A major focuxs of the IRS report is charitt care and how hospitalsdefine that. For some hospitals count bad debt ascharity care, whilde others don't. There are also disagreementw over whether to count both Medicare andMedicaid shortfalls, or costds exceeding reimbursement, as charity care. Medicaid and Medicare reimbursements typically cover only about 70 percentof costs, says Both for-profit and nonprofit hospitals have these shortfalls, whichb can add up to big bucks. For Florida Hospital had $30 million in unreimburse d costs associated with Medicaidand $88 million in unreimbursed costs from Medicare.
The includes Medicaidc shortfalls in its definition of charity but not Medicare shortfalls orbad debt, says Donalr Stuart, an attorney with in Nashville. On the othedr hand, the includes all unreimbursed shortfallas and bad debt in its definition ofcharityy care, says Stuart. "Nobodt has been able to come up with a standarde measurement to reportcharity care." Many are speculating on the loca implications of the IRS report. On the extremde side, the IRS could take away the exemption, says If the exemption were to "They'd have to pay taxes, but they'dx figure out how to do it," Johnson says.
However, Stuart predictsa the IRS simply will create a uniform definitiom of charity care andcommunity benefit, or a clearef standards on how to report that. "Everyonde needs to work off thesame definition," says Morrison. "If we have good, consistent a lot of these questions willgo
Friday, June 1, 2012
Hospitals fight drug scarcity, fear patients harmed - Reuters
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Hospitals fight drug scarcity, fear patients harmed Reuters By Anna Yukhananov | WASHINGTON (Reuters) - At the Henry Ford Hospital in Detroit, pharmacists are using old-fashioned paper spreadsheets to track their stock of drugs in short supply - a task that takes several hours each day. |
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