The sweet smell of failure: despite a dubious rep, generous severances are getting catchy

Article Abstract:

An increasing number of for-profit and not-for-profit healthcare organizations are using golden parachutes to diminish labor turnover rate or as an efficient hiring tool according to a survey conducted by consultant William M. Mercer. Larger healthcare organizations are using golden parachutes or change-in-control agreements mostly for their senior executives. The value of golden parachutes ranges from about $1 mil to $10 mil and is related to executives' stock ownership and seniority and company's size.

Laws, regulations and rules, Human resource management, Compensation and benefits, Executives, Executive compensation, Golden parachutes

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Pandoras they're not: in big demand, these pros avert fraud nightmares

Article Abstract:

Hospitals are using compliance officers to coordinate their operations to avoid Medicare fraud situations and criminal/financial penalties. Compliance officers need to get familiar with healthcare organizations' strategies, earn employees' trust and have appropriate management skills. Compliance officers need to implement efficient strategies to fit corporate needs and develop training materials regarding legal aspects of healthcare organizations' management.

Prevention, Medicare fraud, Hospital administration

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Down-home dispensation: South Carolina lets hospitals do a deal that sidelines the feds on antitrust

Article Abstract:

Richland Memorial Hospital and Baptist Healthcare Systems do not have to worry about antitrust concerns as they consumate their merger 26 months after talks started. That is because South Carolina allows hospitals has implemented laws that confines the federal government o the sidelines. The new entity created by the merger has promised not to take actions that will adversely affect other hospitals.

Mergers, acquisitions and divestments, South Carolina, Baptist Healthcare System, Richland Memorial Hospital

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