CFO average pay rises 31% since '88, survey shows.
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Biomedical subjects
Publications and source records attributed to J Nemes.
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As financial analysts list a growing number of hospitals in "distressed" condition, more executives are acknowledging the shaky status of their institutions and are seeking help. And assistance is in plentiful supply as specialized turnaround consultants multiply. But at many of these hospitals, being dubbed "distressed" is an inaccurate characterization--financial results and other criteria may not tell the whole story.
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Joseph A. Ruffolo spent two grueling weeks at Harvard Business School last June--the top award in the third annual Cain Brothers, Shattuck & Co. contest that recognizes an outstanding member of the healthcare financial community. Mr. Ruffolo, vice president of finance at Millard Fillmore Hospitals in Buffalo, N.Y., gives some advice to the next winner: Stock up on sleep before you go, and leave the tennis racket at home.
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Healthcare institutions got creative in raising capital to finance projects that wouldn't have gone ahead otherwise. In other instances, the funding was conventional but the project was unique. Projects were nominated by the healthcare financial community.
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As capital markets showed signs of coping with the war threat in the Persian Gulf, tax-exempt bond volume for the fourth quarter of 1990 rose 27.6% from the previous three months.
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