Company with fraud record lines up for new Medicaid contract MiamiHerald.com By Brittany Alana Davis TALLAHASSEE -- A health insurer with a checkered past is preparing to bid on billions of dollars in state government contracts to serve Florida's poor and disabled residents. And it stands a good chance of winning at least some ... |
Monday, 11 June 2012
Company with fraud record lines up for new Medicaid contract - MiamiHerald.com
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Saturday, 9 June 2012
Russia Says Syrian Conference Urgently Needed as Civil War Looms - Bloomberg
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Russia Says Syrian Conference Urgently Needed as Civil War Looms Bloomberg Syria is sliding toward full-scale civil war, reinforcing the “urgent†need for an international conference to pressure both sides of the conflict, Russian Foreign Minister Sergei Lavrov said. “You have to force them to sit down at the negotiating ... |
Friday, 8 June 2012
France condemns Syrian incursion into Lebanese territories - The Daily Star
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The Daily Star | France condemns Syrian incursion into Lebanese territories The Daily Star BEIRUT: France condemned Thursday an incursion into Lebanese territories by the Syrian army a day earlier, c » |
Wednesday, 6 June 2012
Executive MBA Programs Add Career Services - Wall Street Journal
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Executive MBA Programs Add Career Services Wall Street Journal By MELISSA KORN Career-services offices at business schools have a new job these days: catering to executive MBA students. Traditionally, companies sent promising up-and-comers to business school, paying for their executive MBA degrees and then ... |
Tuesday, 5 June 2012
IRS takes closer look at hospitals' charity care - Orlando Business Journal:
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Currently, nonprofit hospitals don't have to pay federal incomew tax, state sales tax or local propertyh tax. In return, they must providr a community benefit. But politica l pressure from Congress has caused the to take a closerr look at exactly how nonprofit hospitald provide thatcommunity benefit. The IRS sent out surveys last year to544 tax-exempgt hospitals on the types of communityh benefit they provide. The interim report is expectednext month, with the completed one due in Septembeer 2008. Little difference?
The reporgt comes at a time whensome -- including Ashleyh Johnson, chief financial officer for the for-profit in Sanford -- questiomn whether nonprofits differ enough from for-profit hospitals to justify their tax-exempt status. In fact, the biggest differencre she can point to is simplythat for-profite pay taxes and nonprofits don't. Johnson says Central Florida Regional which is owned by the privatelyheld Nashville, Tenn.-basedd , also provides charity care.
In addition, she says for-profitt hospitals are under many of the same pressures such as dealinf with bad debt and absorbingh shortfalls from Medicare and For example, Central Florid a Regional, which serves about 10,000o inpatients a year, provided nearly $4.2 million in charityu care for 2006 and absorbed $23 milliomn in bad debt, in addition to paying nearlhy $1.2 million in taxes. " don't understand why we have to pay when we're under the same criteria and the same says Johnson. But for nonprofits, that fault-finding soundx familiar.
"Twenty years ago, nonprofits were criticized severelg for not running enough like saysRich Morrison, regional vice presidentt for . "Now 20 years later, we'ree being criticized for beingtoo business-like and A major focus of the IRS report is charithy care and how hospitals define that. For some hospitals count bad debt ascharity care, while others don't. There are also disagreements over whetheer to count both Medicare andMedicaid shortfalls, or costs exceedinh reimbursement, as charity care. Medicaide and Medicare reimbursements typically covert only about 70 percentof costs, says Morrison.
Both for-profitt and nonprofit hospitals havethese shortfalls, whichb can add up to big For 2006, Florida Hospitapl had $30 million in unreimbursesd costs associated with Medicaid and $88 million in unreimbursed costd from Medicare. The includes Medicaid shortfallds in its definition ofcharity care, but not Medicars shortfalls or bad debt, says Donald Stuart, an attorneg with in Nashville. On the othetr hand, the includes all unreimbursed shortfalls and bad debt in its definitioj ofcharity care, says Stuart. "Nobody has been able to come up with a standar measurement to reportcharity care." Many are speculatingh on the local implications of the IRS report.
On the extreme the IRS could take away the says Stuart. If the exemption were to "They'd have to pay but they'd figure out how to do Johnson says. However, Stuart predictsz the IRS simply will creatde a uniform definition of charity care andcommunity benefit, or a cleare r standards on how to report that. "Everyone needsx to work off the same says Morrison. "If we have consistent information, a lot of these questions willgo
Currently, nonprofit hospitals don't have to pay federal incomew tax, state sales tax or local propertyh tax. In return, they must providr a community benefit. But politica l pressure from Congress has caused the to take a closerr look at exactly how nonprofit hospitald provide thatcommunity benefit. The IRS sent out surveys last year to544 tax-exempgt hospitals on the types of communityh benefit they provide. The interim report is expectednext month, with the completed one due in Septembeer 2008. Little difference?
The reporgt comes at a time whensome -- including Ashleyh Johnson, chief financial officer for the for-profit in Sanford -- questiomn whether nonprofits differ enough from for-profit hospitals to justify their tax-exempt status. In fact, the biggest differencre she can point to is simplythat for-profite pay taxes and nonprofits don't. Johnson says Central Florida Regional which is owned by the privatelyheld Nashville, Tenn.-basedd , also provides charity care.
In addition, she says for-profitt hospitals are under many of the same pressures such as dealinf with bad debt and absorbingh shortfalls from Medicare and For example, Central Florid a Regional, which serves about 10,000o inpatients a year, provided nearly $4.2 million in charityu care for 2006 and absorbed $23 milliomn in bad debt, in addition to paying nearlhy $1.2 million in taxes. " don't understand why we have to pay when we're under the same criteria and the same says Johnson. But for nonprofits, that fault-finding soundx familiar.
"Twenty years ago, nonprofits were criticized severelg for not running enough like saysRich Morrison, regional vice presidentt for . "Now 20 years later, we'ree being criticized for beingtoo business-like and A major focus of the IRS report is charithy care and how hospitals define that. For some hospitals count bad debt ascharity care, while others don't. There are also disagreements over whetheer to count both Medicare andMedicaid shortfalls, or costs exceedinh reimbursement, as charity care. Medicaide and Medicare reimbursements typically covert only about 70 percentof costs, says Morrison.
Both for-profitt and nonprofit hospitals havethese shortfalls, whichb can add up to big For 2006, Florida Hospitapl had $30 million in unreimbursesd costs associated with Medicaid and $88 million in unreimbursed costd from Medicare. The includes Medicaid shortfallds in its definition ofcharity care, but not Medicars shortfalls or bad debt, says Donald Stuart, an attorneg with in Nashville. On the othetr hand, the includes all unreimbursed shortfalls and bad debt in its definitioj ofcharity care, says Stuart. "Nobody has been able to come up with a standar measurement to reportcharity care." Many are speculatingh on the local implications of the IRS report.
On the extreme the IRS could take away the says Stuart. If the exemption were to "They'd have to pay but they'd figure out how to do Johnson says. However, Stuart predictsz the IRS simply will creatde a uniform definition of charity care andcommunity benefit, or a cleare r standards on how to report that. "Everyone needsx to work off the same says Morrison. "If we have consistent information, a lot of these questions willgo
Sunday, 3 June 2012
Dover's concrete causes headaches - York Daily Record
a-aveywe.blogspot.com
Dover's concrete causes headaches York Daily Record By DAVID SCOTT DOVER, Del. -- Carl Edwards was feeling pretty good about himself when he raced for the first time on Dover International Speedway's concrete surface. Edwards was in his second season in NASCAR's Truck Series in 2003, driving a plain ... |
Saturday, 2 June 2012
Creative Loafing COO Kirk MacDonald heads back to Denver - Kansas City Business Journal:
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MacDonald will take over as executive vice presidengfor sales, marketing and digital saleas for the , the one-timd partnership group that included the and untill the latter folded last February, according to the Chicagpo Reader . MacDonald joined Creative Loafingy in 2006 after resigning as chief executive officed of the Denver Newspaper Agency but continued to live in Denvedr instead of relocating toCreativs Loafing’s headquarters in In September 2008 he becamew publisher of the Chicago Reader , relocating there, around the same time Creativ Loafing filed for protection from its creditorsx using Chapter 11 in a Tampa bankruptct court.
Creative Loafing’s chief executive officer, Ben Eason, will temporarilg take over the role of chiefoperating officer. The companty spent the first part of the year in a bitted battlewith , which it owes $31 million that was used to purchas e the Chicago Reader and in the Districft of Columbia in 2007. Atalaya had sought to gain control of the alternativre weekly newspaper publisher but lost that bid in March when a judgee in Tampa sidedwith Eason. Creative Loafing had untilk Tuesday to file any amendments to its most recenyt plan of organization filedMay 11.
Amony the issues addressed under thenew plan, a new group consisting of — whichj Creative Loafing owed $10 million to just beforew the bankruptcy filing — and Easomn will purchase stock in a reorganizerd Creative Loafing for $500,000 in cash as well as an in-kindx contribution to lease 14,000 square feet of commercial spac in Atlanta for six years valued at $196,000 annually that will be used for Creativer Loafing Atlanta Inc., according to bankruptcy coury documents. After that, $500,000 will be used to pay allowed administrativ claims and priority tax whileanother $1 million will be used for supplemental fundinb for Creative Loafing’s ongoing business.
Any remaining money will be paid to thosre holdingspecific claims, including outstandingb loans made to the company. Creative Loafing has publicationxsin Tampa, Sarasota, Atlanta, Chicago, Washington and N.C. It claims a combined circulatiojof 425,000.
MacDonald will take over as executive vice presidengfor sales, marketing and digital saleas for the , the one-timd partnership group that included the and untill the latter folded last February, according to the Chicagpo Reader . MacDonald joined Creative Loafingy in 2006 after resigning as chief executive officed of the Denver Newspaper Agency but continued to live in Denvedr instead of relocating toCreativs Loafing’s headquarters in In September 2008 he becamew publisher of the Chicago Reader , relocating there, around the same time Creativ Loafing filed for protection from its creditorsx using Chapter 11 in a Tampa bankruptct court.
Creative Loafing’s chief executive officer, Ben Eason, will temporarilg take over the role of chiefoperating officer. The companty spent the first part of the year in a bitted battlewith , which it owes $31 million that was used to purchas e the Chicago Reader and in the Districft of Columbia in 2007. Atalaya had sought to gain control of the alternativre weekly newspaper publisher but lost that bid in March when a judgee in Tampa sidedwith Eason. Creative Loafing had untilk Tuesday to file any amendments to its most recenyt plan of organization filedMay 11.
Amony the issues addressed under thenew plan, a new group consisting of — whichj Creative Loafing owed $10 million to just beforew the bankruptcy filing — and Easomn will purchase stock in a reorganizerd Creative Loafing for $500,000 in cash as well as an in-kindx contribution to lease 14,000 square feet of commercial spac in Atlanta for six years valued at $196,000 annually that will be used for Creativer Loafing Atlanta Inc., according to bankruptcy coury documents. After that, $500,000 will be used to pay allowed administrativ claims and priority tax whileanother $1 million will be used for supplemental fundinb for Creative Loafing’s ongoing business.
Any remaining money will be paid to thosre holdingspecific claims, including outstandingb loans made to the company. Creative Loafing has publicationxsin Tampa, Sarasota, Atlanta, Chicago, Washington and N.C. It claims a combined circulatiojof 425,000.
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