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Article Abstract:

Health Maintenance Associates of Naples, FL, has maintained nearly 40 straight quarters of growth. Under its chief executive William Schoen, most of HMA's 12 urban and rural hospitals were sold with only the top two performers retained. Then Schoen began acquiring two to four small-town hospitals with only the barest in patient care and invested around $2 million annually into each facility. As a result, HMA's stock grew close to 50% higher than its competitors while trading at 33 times earnings. Its revenues have tripled since 1992 to almost $900 million while its earnings likewise grew to $108 million by almost the same rate.

Comment:

Maintains nearly 40 straight quarters of growth under its chief executive William Schoen

United States, Health Care, Health Care and Social Assistance, Company Planning/Goals, Executive changes & profiles, Company Personnel, Medical care, Article, Health Management Associates Inc. (Naples, Florida)

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System error: critics of HCFA's ill-fated computer system claim it wasted time and money

Article Abstract:

The Health Care Financing Administration (HCFA) dropped the development of the Medicare Transaction System when technical problems and expenses began to rise. It canceled the contract with GTE Government Service Corp. after costs increased from $19 million to $92 million between 1994 to 1996. Frequent requirement changes were cited for some of the difficulties.

Electronic computers, Electronic Computer Manufacturing, Administration of Public Health Programs, Health Care Financing Admin, Health Computer Systems, Computer industry, Contracts, United States. Centers for Medicare and Medicaid Services, Medical computer applications, GTE Government Systems Corp.

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