HFMA's recruiting service offers members a chance to advance.
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Biomedical subjects
Publications and source records attributed to J Nemes.
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Before making her mark as a chief financial officer and rising notable in the Healthcare Financial Management Assn., Bonnie Phipps spent part of the 1960s as a rising notable in The Peppermint Rainbow, a rock group that enjoyed Top-10 popularity and a gig on "American Bandstand."
An Arizona dependency treatment center is building a high profile and high profits by attracting private-pay patients and very private clientele such as Ringo Starr and Rob Lowe. An initial public offering last year has gained more than 50% in value, and expansion is in the works.
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More hospital chief financial officers are aspiring to the chief executive's suite, and many say they are better prepared for it than ever. However, industry experts say a lack of operations and leadership experience, and opposition from hospital boards, will keep CFOs from reaching the top. While the number of CEOs with a financial background is slim, some CFOs have reached their goals.
A new program in Lansing, Mich., aims to identify the working poor and provide greater access to healthcare, helping local hospitals reduce their bad debt in the process.
Quorum Health Group, the former HCA Management Co., is setting its sights on acquiring hospitals in small to medium-sized towns. The strategy is to broaden the company's scope beyond full-service management, a business that has been leveling off.
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Hospital systems sold or converted unprofitable facilities curbed their acquisitive appetites and honed their productivity and quality management in 1989, and the bottom line blossomed. Profits rose 10% for the systems reporting financial data in Modern Healthcare's 14th annual Multi-unit Providers Survey.
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Joseph A. Ruffolo, 33, chief financial officer of Millard Fillmore Hospitals, Buffalo, N.Y., is the winner of the 1990 Cain Brothers, Shattuck & Co. award for hospital CFOs. He'll go to Harvard this summer for an intensive course on corporate financial management.
The new CEO of American Medical International, Harry Gray, is tackling healthcare for the first time at age 70. But he comes fully equipped with a reputation for achievement, a penchant for 90-hour weeks, and an ambition to devote the corporate office to tasks that add value to its hospitals.
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