Archive for the ‘CMIO Magazine’ Category

Cardinal Health profit declines as generic drug prices deflate

Icon Written by Alex on August 3, 2017 – 7:41 pm

Cardinal Health reported an 18% drop in earnings in its fourth quarter, driven by dwindling generic drug prices, the company said Wednesday. The Dublin, Ohio-based pharmaceutical and medical products distributor saw its earnings fall to $274 million for the quarter ended June 30, down from $333 million from the same period the year before. Revenue [...]

Peter McCanna – Baylor Scott & White in a new leadership position

Icon Written by Alex on July 11, 2017 – 1:01 pm

Peter McCanna – Baylor Scott & White in a new leadership position.  Dallas-based Baylor Scott & White Health has created a new leadership position to be filled by Peter McCanna, the organization announced Monday. McCanna will assume his role as president of the Office of the President in mid-September, taking on some responsibilities of CEO [...]

Memorial Hermann’s CEO resigns after less than a year

Icon Written by Alex on June 19, 2017 – 6:50 pm

Memorial Hermann Health System President and CEO Dr. Benjamin Chu resigned to pursue a role in crafting health and public policy, the health system announced Monday. The resignation was effective immediately. Chuck Stokes, executive vice president and chief operating officer, has taken over as interim CEO. Chu landed the top office at the Houston-based health [...]

Value-based contracts key to solving U.S. drug pricing ‘crisis’

Icon Written by Alex on June 14, 2017 – 5:45 am

AUSTIN, Texas—Paying for certain high-cost drugs based on the patient outcomes they deliver is becoming increasingly necessary in the face of skyrocketing drug costs in the U.S., the CEOs of a health insurance company and a pharmaceutical giant agreed Thursday. The two industries rarely see eye to eye. Harvard Pilgrim Health Care CEO Eric Schultz [...]

Kaiser hits $1 billion operating gain in Q1

Icon Written by Alex on May 15, 2017 – 8:37 pm

Kaiser Permanente Monday posted a record $1 billion operating gain in its first quarter, just days after holding its largest-ever bond offering.The Oakland, Calif.-based health plan and hospital giant eclipsed the $1 billion barrier on revenue of $18.1 billion. That compared with an operating gain of $701 million on revenue of $16.3 billion in the [...]

World Obesity Federation confirms “Obesity Is a Chronic Disease”

Icon Written by Alex on May 10, 2017 – 12:05 pm

EMBARGO 10.00am EST Wednesday May 10th. In a statement published today in the leading journal Obesity Reviews, the World Obesity Federation confirms its support for defining obesity as a chronic, relapsing disease. The statement was prepared by a scientific committee of the Federation which concluded that obesity fits the epidemiological model of a disease process except that the toxic or pathological agent is diet-related rather than a microbe. [...]

As EHR vendors jockey for ‘mindshare,’ Epic holds slight lead among healthcare C-Suite

Icon Written by Alex on May 9, 2017 – 10:55 am

According to a new Reaction Research Cloud study of senior healthcare executives at hospitals, health systems and physician group practices, of those planning to buy inpatient EHRs in 2017, 40 percent will choose Epic, 39 percent want Cerner and 31 percent are looking at MEDITECH . The story is the same for outpatient EHRs: Epic at [...]

Top 25 COOs

Icon Written by Alex on May 8, 2017 – 11:18 am

Take a look at 2017 top 25 Chief operating officers (COO) in Healthcare.  These individuals have a broad and diverse set of roles and responsibilities. Their job description varies based on the size and sector of the healthcare organization.  COOs also serve a broad range of constituencies, including governing board members, C-suite leaders, the organization’s entire [...]

Toby Cosgrove, M.D., Announces His Decision to Transition from President, CEO Role

Icon Written by Alex on May 2, 2017 – 7:59 am

Source: Newsroom Cleveland Clinic After nearly 13 years as president and CEO of Cleveland Clinic ­– which has grown into an $8 billion health system with multiple locations in Ohio, Florida, Nevada, Canada, Abu Dhabi, and, in 2020, London – Toby Cosgrove, M.D., announced at a staff meeting today that he has decided to begin [...]

Who is the biggest paid CEO is the healthcare industry’s 2016?

Icon Written by Alex on April 17, 2017 – 4:48 pm

Have you hard of Valeant?  Their CEO, Joseph Papa, was paid $62.7 million in 2016.  He’s the highest paid executive in healthcare in 2016.  And keep in mind he only worked a partial year at Valeant. And under Papa, who was recruited to Valeant from Perrigo in May, Valeant’s stock price slid 67% to less than $10 [...]