Finance

04/16/2018 Bookmark and Share Share Post
Finance

Irving-based Christus Health Gets Good News From Moody’s As Its Good Shepherd Turnaround Continues

In early 2017, Christus Health System finalized a deal to bring Longview-based Good Shepherd Health System under its direction. Late last week, the Irving-based not-for-profit’s efforts to turnaround Good Shepherd were recognized by Moody’s Investor Service. Moody’s raised Good Shepherd’s bond rating by four notches, from Caa1 to Ba3. Under the new rating, Moody’s says the hospital’s bonds have speculative elements and are subject to substantial credit risk. The old rating had the bonds judged to be of poor standing and subject to very high credit risk. Why the change? Well, Moody’s is high on the new ownership from Christus,… Full Story

04/3/2018 Bookmark and Share Share Post
Finance

Panelists from Baylor Scott & White, UT Southwestern, and Children’s Weigh In On Hospital Innovation

On Monday afternoon, some innovation-minded hospital administrators gathered at Factory Six03, a trendy spot in downtown Dallas’ West End, to talk about hospital innovation. And they didn’t disappoint, offering some straightforward thoughts on topics ranging from a trend toward smaller, community hospitals, to telemedicine, to navigating a tricky transition period between fee-for-service and value-based care. With myself asking the questions, the panelists for the Dallas Startup Week event were Matthew Chambers, chief information officer at Baylor Scott & White Health; Suresh Gunasekaran, VP and chief of operations at UT Southwestern Health System; and Julie Hall-Barrow, VP of virtual health and… Full Story

02/26/2018 Bookmark and Share Share Post
Finance

Medical City Plano and Medical City Frisco Name New CFO

The chief financial officer for Medical City Denton will take on that job at Medical City Healthcare’s Plano and Frisco facilities, the hospitals said Monday. Jon Alford has been named CFO for 513-bed Medical City Plano and 54-bed Medical City Frisco. He’ll relent his duties at the Denton locale, where he’s led the finance team for the last two years. In all, Alford has nearly 15 years in healthcare finance across systems in Arkansas, North Carolina, Michigan, and Oklahoma. Alford is taking over for Melissa McLeroy, who moved on to become CFO of Medical City Dallas earlier this year. “Jon’s… Full Story

02/15/2018 Bookmark and Share Share Post
Finance

Baylor Scott & White Health Operating Income Soared in the First Half of Fiscal 2018

Baylor Scott & White Health brought in operating income of $383 million during the first half of fiscal year 2018, which lands during the second half of the calendar year. That income represents an increase of 80 percent over the same period the previous year. The numbers came out as a part of the system’s quarterly disclosure report this week. Overall, the nonprofit brought in $4.81 billion in revenue during the first half of fiscal 2018, up about 7 percent from $4.49 billion the year before. The system did note that premium revenue was down 13.5 percent for the period… Full Story