Despite the calls for dissolving the Memorial Health System board and the outrage about CEO Larry McEvoy’s $1.15 million severance package. experts say it is not out of line with industry standards. [...]
Outgoing CEO Larry McEvoy will receive a total severance package of $1.5 million, under term of an agreement still to be finalized by the Memorial Health System Board of Trustees and McEvoy. [...]
While Memorial Health System is working to settle its governance issues, Penrose St. Francis Health Services is forging ahead with a strategy to grow its regional market share. [...]
Memorial CEO Larry McEvoy will leave the hospital system May 4, and be replaced by CFO Mike Scialdone on an interim basis. [...]
Development of a new drug in 1975 cost $100 million in today’s dollars. Now, the cost of bringing a new medicine from lab to pharmacy could exceed $1.2 billion. [...]
A marijuana proposal aimed at training people who work in medical marijuana businesses faces a test in Colorado’s Republican House. A House committee known for rejecting Democratic proposals planned Wednesday to consider a “responsible medical marijuana vendor” designation. The optional designation would allow pot shops to train employees in state marijuana regulation and how to [...] [...]
Penrose-St. Francis Health Services recently earned an award for its support of its National Guard and Reserve employees. The Pro Patria award is given to companies for “exceptional leadership, support and personal devotion.” The hospital will receive the award at the 2012 Colorado Employer Support of the Guard and Reserves award banquet May 4. “Colorado [...] [...]
Credit-rating giant Moody’s downgraded Memorial Health System’s outlook from stable to negative last week, and even though the hospital has retained its A3 bond rating, it could still spell trouble down the road. A negative outlook could affect Memorial if it were seeking to borrow money, said Allan Roth, a local investment specialist and contributor [...] [...]
HealthSouth Rehabilitation Hospital in Colorado Springs recently was certified as a center of excellence by the Joint Commission, the certification board for the nation’s hospitals. The distinction means that HealthSouth met certain core measures and improved others, said CEO Steve Schaefer. “We identified areas we wanted to measure, and then worked on improving those measures,” [...] [...]
The Colorado Springs Innovations for Aging Collaborative is preparing to meet the baby boomer wave that’s about to wash over El Paso County. The collaborative is hosting a workshop April 21 at Colorado College’s Worner Campus Center. The objective of the meeting is to identify a project related to aging that the community can rally [...] [...]