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

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

Conversation With: Les Kreis, BIOS Partners

The most recent “The Pulse” breakfast series at Health Wildcatters headquarters last week featured Bill Burns, founder of Encore Vision, a medical supply and equipment company, and Les Kreis, managing partner at BIOS Partners, a healthcare-focused private equity firm. Full Story