News Room

Hospital Financial Stress Indicators

Like dashboard warning lights, certain signs mean it’s time for a tune-up or overhaul

by Jim Kendrick, President & CEO, Community Hospital Corporation

Unfortunately, thin margins have long been a reality for most rural hospitals, but a worsening array of issues—from decreasing reimbursements to declining populations—have forced growing numbers of them into financial distress. By monitoring indicators, creating transparency and responding swiftly to warning signals, financially stressed or distressed hospitals can get turned around before bankruptcy or closure become imminent threats. In this interview, Jim Kendrick, president and CEO of...


MORE >

News Room

North Texas Medical Center selects Simple Interact for Front Office Automation

DALLAS, April 23, 2019 /PRNewswire-PRWeb/ — North Texas Medical Center (NTMC) is working to improve the experience of all patients. A major step is NTMC’s selection of Simple Interact and its complete suite of Front Office Automation services which are designated to enhance several aspects of a patient’s experience.

Read the full PR Newswire article, Apr. 23,...


MORE >

News Room

Hospital Financial Stress Indicators

Unfortunately, thin margins have long been a reality for most rural hospitals, but a worsening array of issues—from decreasing reimbursements to declining populations—have forced growing numbers of them into financial distress. By monitoring indicators, creating transparency and responding swiftly to warning signals, financially stressed or distressed hospitals can get turned around before bankruptcy or closure become imminent threats. In this interview, Jim Kendrick, president and CEO of Community Hospital Corporation, discusses best practices for diagnosis and prevention of financial woes. His insights come from years of experience as a community...


MORE >

News Room

7 latest hospital, health system CEO moves

Becker’s Hospital Review reported the following hospital and health system CEO moves in the last week.

The moves are listed below, in alphabetical order.

1. Baton Rouge, La.-based Woman’s Hospital selected Robert Burgess to serve as interim CEO, effective immediately.

2. Albuquerque, N.M.-based Lovelace Health System named Buddy Daniels CEO of Lovelace Regional Hospital in Roswell, N.M., effective April 29.

3. Jay Kreuzer, CEO of Honolulu-based Hawaii Health Systems Corporation’s West Hawaii Region and of Kona Community Hospital in Kealakekua, Hawaii, is retiring, effective at the end of the year.

...

MORE >

News Room

Southwest Memorial financial recovery is on track

‘Not out of the woods’ yet, but progress being made

A financial recovery effort at Southwest Memorial Hospital is gaining momentum, officials said during a public forum Wednesday.

About 40 citizens and hospital staff attended the quarterly joint board meeting between the Montezuma County Hospital District and Southwest Health System, the nonprofit corporation that operates the hospital.

Southwest Health CEO Tony Sudduth presented a financial update on the encouraging results of an aggressive recovery effort that began after the public was notified in May that the hospital was in danger...


MORE >

News Room

Southwest Health System names new CEO

The Southwest Health System Board of Directors has announced that Anthony Sudduth has been named the CEO of Southwest Health System, effective March 28.

Sudduth joined SHS in April, fulfilling the role of interim CEO.

“During this time, he has led the significant financial turnaround of our organization, and in doing so, has improved every financial metric of our organization,” according to a press release.

Read the full article in The Journal, March 29,...


MORE >

News Room

Southwest Health System names permanent CEO: 4 notes

Cortez, Colo.-based Southwest Health System tapped Anthony Sudduth to serve as permanent CEO, effective March 28.

Four notes:

1. Mr. Sudduth became interim CEO of the health system in April 2018.

2. He has experience serving in CEO, COO and CFO roles at both nonprofit and for-profit healthcare facilities.

3. He holds an MBA from Eastern Kentucky University in Richmond.

Read the full article in Becker’s Hospital Review, March 28,...


MORE >

News Room

Freestone Medical Center Recognized for High-quality Care

Freestone Medical Center has received the TMF Hospital Quality Improvement Silver Award from TMF® Health Quality Institute.

“We are very proud to be recognized for our quality. Our success illustrates our commitment to patient safety and consistent delivery of quality healthcare,” said John Yeary, CEO, Freestone Medical Center. “It was a significant amount of work, but well worth it because it was the right thing to do for our patients.”

Yeary shared, “I congratulate all Freestone Medical Center team members for their hard work toward achieving this outstanding level of...


MORE >

News Room

Hospital lease goes into effect Dec. 1; name stays the same

The Gainesville Hospital District Board of Directors are now landlords.

Effective Saturday, Dec. 1, North Texas Medical Center is leased to and operated by Gainesville Community Hospital through an agreement between Plano-based Community Hospital Corp. and the Gainesville Hospital District.

NTMC spokeswoman Kristi Rigsby said the hospital is not changing its name as part of the transition and will remain NTMC.

Community Hospital Corp. formed GCH as part of what hospital district officials are calling a “joint venture” to help keep NTMC a viable hospital.

Read the full article in...


MORE >

News Room

North Texas Medical Center enters lease agreement

North Texas Medical Center, a 60-bed hospital in Gainesville, will be leased to and operated by an organization newly created by Plano, Texas-based Community Hospital Corp.

North Texas Medical Center, which is owned by the Gainesville Hospital District, began looking for a new management company in early 2018 after King of Prussia, Pa.-based Universal Health Services canceled its management agreement with the hospital.

Read the full article in Becker’s Hospital Review, November 29,...


MORE >