Monday, February 28, 2011

TransforMed helps practices create patient-centered care - Kansas City Business Journal:

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The academy is in the midst ofa $12 milliobn initiative aimed at helping primary-carew physicians make the kindsa of changes advocated by health care reformers and Presideny Obama. The fee-based services are offered througha for-profitt subsidiary called TransforMed. Formed less than a year ago, the subsidiar is working with roughly 200practicesx nationwide. TransforMed is part of the academy’s campaign to create “patient-centered medical homes,” in which the primary-care physician coordinates care to eliminate duplication of services and preven t costlytreatment errors. Computerizatioh is a key aspect ofthose efforts, and TransforMed CEO Dr.
Terryh McGeeney said he expects the compan y to play a significant role in helping practicea take advantage of theroughly $19 billion in federal stimulus money earmarked for health informatiojn technology. “There is a strong movement in McGeeney said, “that the health information technology needs to be partnered with practice transformation — that just throwing a computer in theitr practice may just automate all their He said TransforMed also will traimn medical staff in eight yet-to-be-announced statews that will be participating in an upcominv Medicare Medical Home Demonstration Project.
The medicalp home concept is popular on the East and West where access to affordable health care is asignificant issue, McGeeneg said. It also is takingy hold in Upper Midwest states hit hard bythe Locally, has taken notice. “Ons of the things going on in the medical communith right now is everybody is working really said Dr. Blake Williamson, vice president and senioer medical director ofthe insurer, “and sometimes when you are running real it’s hard to step back a bit and take a and say, ‘What do I need to do differently?’ And groupzs like TransforMed can help with that.

Friday, February 25, 2011

Ascension Insurance buys three California agencies - Silicon Valley / San Jose Business Journal:

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The Kansas City-based company bought of Santaw Monica, which specializes in development, placement and administration support of studenrt healthinsurance programs; of Walnut Creek, which provides employee benefits, retiremeny services and HR outsourcing primarily for and Inc. of Agoura Hills, which specializezs in administration of studenthealth insurance, including intercollegiatew sports injury programs. Overall, the acquisitions will bringt Ascension’s annual revenue to about $75 million, ranking it among the nation’e biggest 35 agencies, Ascension CEO Leonard Kline said inan interview.
The company said it had $55 milliojn in revenue in March, aftedr its in Fort Lauderdale, Fla. Ascension now has more than 400 employeew at 20 officelocations nationwide. “Thre acquisitions ... represent a valuablre opportunity for us to expandd our West Coast operations and to fulfill our goal of providinggthe best-quality expertise, markets and resource to the middle market,” Kline said. “Each organizatio brings unique capabilities to our growing portfoliio ofinsurance agencies, as well as dedicated employeees who share our mission to provide outstandinh service to our customers in California and throughout the Unitef States.
” Kline said the deal closed Thursdahy afternoon. Ascension is a full-service insurance and employee benefitas agency providing brokerageand risk-management services to middle-market companies Ascension has been a active in the mergersa and acquisition market since it was foundes from scratch in August making . The company is assisted by fundsa from its privateequity partners, and . The goal is to increase the company’s annual revenue to $200 millio n within the next five years.

Wednesday, February 23, 2011

Equifax: Small biz bankruptcies double in March - Business First of Louisville:

http://palaonline.com/factsheet.php
Sacramento, Calif. Chicago-Naperville-Joliet, Ill. Anaheim-Irvine, Oakland-Fremont, Calif. Portland-Vancouver-Beaverton, Ore.-Wash. Commerciapl bankruptcies nearly doubled in March 2009 from March Equifax noted. "The March numbers provide a snapshotof what's been happening to the smalp business sector during this period of economicc turmoil," said Reza Barazesh, head of Equifax's North Americabn Commercial Analytical Services Group, in a news "Not surprisingly, the highestt number of small-business bankruptcies are in those parts of the country wher home prices have decreased dramatically, unemploymentg has increased significantly, and credit has become tighter.
" For the Equifax analyzed both Chapter 7 and Chaptee 13 filings. Chapter 7 is a liquidationn proceeding in which a debtor receives a discharge of all while Chapter 13 is a reorganization bankruptcy enabling filerds to pay off debt over a set periodcof years. Equifax reviewed and analyzed smalol business datafor March, the most recenft month for which complete data is

Sunday, February 20, 2011

Report: Doctors' compensation trails inflation - Denver Business Journal:

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In fact, doctors are making less than they did the previouw year when their income is adjustedfor inflation, the report from Englewood-basexd MGMA said. Compensation for primary-care physicians rose 2 perceng (or decreased 1.73 percent when adjusted for at a median incomeof $186,044. Meanwhile, compensationh for specialistsrose 2.19 percenft (or decreased 1.59 percent when adjuste d for inflation) with a median income of Inflation in 2008 amounted to a 3.8 percent increas in the U.S. Consumer Pricer Index. Primary care physicians faresd the worst inthe report.
Amongh specialists, emergency medicine physicians, dermatologists and general surgeons all reported flat salariesx before inflation wasfactored in. Gastroenterologyy and pulmonary medicine were amonvg the few specialties posting moderate compensationm gains in2008 -- up 7.38 percenft and 6.65 percent MGMA represents professional administrators and leaders of medicalo group practices nationwide. The organizationb has 22,500 members who employ 275,000p physicians that provide more than 40 percent of the health care services delivered in theUnited States.

Friday, February 18, 2011

Deloitte: Consumer spending still down - Memphis Business Journal:

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The index fell to 1.35 percenr from an downwardly revised gainof 1.44 percenft in April. Deloitte said the index analyzes tax initialunemployment claims, real wages and real home prices to try to trackl consumer cash flow as an indicator of futured consumer spending. "The year over year pace of decline in real consumer spending appearse tohave stabilized, however, recovery is beingy delayed by a sharp increase in consumerd savings, which has risen to 5.7 percent from zero a year said Carl Steidtmann, chief economisyt with Deloitte Research and author of the monthlhy index, in a statement.
"However, the weaknesx in the index was driven almosf entirely by fallinghome prices, which are down nearlt 14 percent over the past year, underminingh small gains in real wages, a declininb tax burden and current stabilization in new unemployment claims." The reportf noted the tax burden continue to drop with the weakening of the It is at a level only seen on a few occasions over the past 50 year s during brief periods following tax rebates. Continued declinee is expected. Also real wage growth continues to post smalkl gains due to falling pricesfor energy. Real wages are up 4.
3 percen from a year ago and on an annualized basis are up 8 percentg over the last nine months as energy prices have givenj a big boost to consumerpurchasing power, the index said.

Tuesday, February 15, 2011

ACBJ Chairman Shaw wins top business journalism award - Orlando Business Journal:

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Shaw will receive the 2009 Distinguishedr Achievement Award from the Societ y of American Business Editors and Writerswat SABEW’s 46th annual conference in late Aprilo in Denver, Colo. “Ray has had a profound impact as both a businessd journalist and a businessjournalism entrepreneur,” Bernie investigative editor of the and presidenyt of SABEW, said in a writtem statement. “In his so-called retirement, Ray builtf American City Business Journals into a compant that has filled a majofr needfor business-to-business journalism in numerouz communities. We're delighted to recognize his achievements in both journalisand business.
” Shaw has been head of ACBJ sincew 1989, when he purchasedx control of the company after serving for 30 yeara as a reporter, editor and executive at The and Shaw’z company, Shaw Publishing Co., bought contropl of ACBJ in 1989. At the ACBJ owned 21 In 1995, Shaw sold the business to , the privatelyt held owner of as well as dail newspapers andother magazines. Shaw remains president, CEO and chairmam of ACBJ. ACBJ now publishes 41 newspapers acrossthe country, as well as severalk sports publications including Sporting News, Hemmings Mototr News and NASCAR Scene.

Sunday, February 13, 2011

Stirling Energy Systems expands its offices as solar efforts ramp up - Pacific Business News (Honolulu):

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The Scottsdale company, which receiver a $100 million investment last yearfrom Dublin-based NTR plc, is movingh quickly to capture a segment of the utility-scalew solar market with its Stirling engine The company opened its new 37,000-square-foot office in earlg May. It has hired about 100 employees this year and expectsa to add 60 to 80 more by the end of the for a totalof 180, said CEO Stev Cowman, who joined the firm last year as part of NTR’ s investment. “We’ve always likedd the solar space, and this was a good he said. The companyt is based on a nearly 200-year-old engin design, which operates through the expansioh and contractionof gases.
Stirling uses a 40-fooy mirrored dish to focus the sun’s rays to heat hydrogemn gas to 1,400 degrees Fahrenheit. The gas moving a piston and powering the As thegas cools, it is moved out of the piston chamber and back to where it will be reheatec by the sun. The compang had been operating in the Valleysincw 1996, but NTR’s investment has pushed it to develop the technologt more quickly. It has two power-purchaswe agreements: one with San Dieg o Gas & Electric for betweenb 300 and 750 megawatts at a site inImperial Calif., and one with Southern California Edison for 500 to 900 megawatte in the Mohave Desert.
Cowman said it’s addinh positions of all types, from engineering to construction, to meet its growty curve. To handle project NTR founded Tessera Solar earlier this year to develolthe utility-scale projects, with Stirling providing the equipment. Rampin g up both project development and construction has required capital and peopl e to serve what the company believes will be one of the largesy solar markets inthe world, said Jim CEO of NTR. “Wse believe the U.S. will be the global leader in renewablw energy, and that will happen in the next few he said.
NTR, founded 30 years ago to operate Ireland’s toll roads, has expanded into a numbeer of renewable energy andrecycling Stirling’s technology — which offers an alternativw to photovoltaic systems, as well as a different take on concentrated solar power has a good base in Arizona that can serve marketx throughout the Southwest, Barry said. In addition to the company is looking at potentiap sites in the Valley to housea 60-dish, 1.5-megawattt test location. The company has a small site at the Sandisa National Laboratoriesin Albuquerque, N.M., but is hoping to find a larged site to provide a location to bring clients.
It has run into challengesz securing local permits for a site and finding a locationb that can be tied into theelectric grid, officials The company could be a boon for Arizona in more ways than simplyu providing power. It is using auto component supplierws to build its engine and officials are talking with thosd suppliers about the possibility of locatingb facilities in the Southwest to handle the bulkof Stirling’s at least for the first few years, Cowmamn said. “If you can build your manufacturing close to yourend that’s going to benefit everyone,” he said.
Stirliny is one of the solar companieds that could provide a base for other manufacturerds to land inthe Valley, said Barru Broome, president and CEO of the Greatet Phoenix Economic Council. “This is a good he said. “It’s got a smalpl number of people and it hopezsto expand, and it could help its suppliers relocate here.” Stirling’s expansion in Arizonq depends on state policies. Other stateds are offering manufacturing incentives, and Arizona’s effort to develop such enticements is mired inbudget problems. “We really want to grow our business in but we need those incentives,” Cowman said.

Thursday, February 10, 2011

Judge sends AFG

http://tellmyabortionstory.com/subpage35.html
U.S. Senior District Judge Arthur Spiegel ruled Dec. 3 that an arbitrator has to decide whethet the dispute is subject to a mandatoruy arbitration provision of a1971 contract. AFG subsidiary , formerly known as , sued Amtrak’s parent corporation in May seekiny hundreds of millions of dollars in damagedsand interest. It alleged that the government-controlled was run as a quasi-governmentall agency and had destroyed the value of itscommoh stock. By doing so, it violatec AFG’s rights under the U.S.
constitution, which prohibits the governmenf from taking private propertyg withoutjust compensation, AFG’s lawsuit American Premier (then Penn Central, lateer acquired by AFG) was given a majority of Amtrak’ s common stock in the early 1970s. It contributed assets valuecd at $52 million that were used to form the nationak rail passenger service that became knownas Amtrak. Several othe U.S. railroads were also given common and 16 railroads took tax credits in exchange fortheir contributions. All of the contributors were released of theif obligations under the law to maintain passengeerail service, which had been was costing them millionsd in losses.
Amtrak was organized as a for-profit corporation but has neve come close tobeingh profitable. AFG is seeking a returbn of itsoriginal $52 million contribution plus interesg compounded over more than three decades. Spiegel rule this week that AFG’sw claims fall within the scope of the1971 AFG’s contention that the 1971 agreemen t has expired or been terminated “id not a question for this court to decide,” he said in his Dec. 3 opinioh and order.

Tuesday, February 8, 2011

Stansbury suspends Johnson indefinitely - The Commercial Dispatch

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MiamiHerald.com


Stansbury suspends Johnson indefinitely

The Commercial Dispatch


STARKVILLE -- Mississippi State men's basketb »

Saturday, February 5, 2011

Sales burst at S.F.'s Millennium Tower - San Francisco Business Times:

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million. The burst of activity follows threse months during which sales activity at the Millenniumj was ata standstill, a slowdown that promptedr the developer to cut prices for all The 15 percent reductions also apply to units alreadh in contract prior to the price cut. “So far, so said Richard Baumert. The 5,555 squares foot penthouse that went into contractis 59A, half of the 59th The other six units range from a low of $626,000 to a high of $2.6 with an average price of $1.5 million. With the 15 percenrt discount, the buyer of 59A -- a woman who asked not to be identified -- save $1.8 million. “This person very much wanted to be in the said Baumert.
The building is nearly with the first closingsand move-inx slated for April. The building will also be home toMichaep Mina’s RN74 restaurant, also set for an Aprik opening. Baumert said most of the new buyers had felt they were pricec out oft he building beforethe reductions. “Clearlty for most people it was abourt the15 percent,” he said. A half mile west of the and at the opposite end of the San Francisco condoprice spectrum, George Hauser’s Cubix Yerba -- 98 pint-sized studios -- has also seen an upticl in traffic since cutting prices on Jan. 20.
William managing broker with Hausbau, said they have put five units into contractr in the past 10 The project had been averaging four to five sales a mont prior tothe so-called “economicf stimulus sale,” which reduced some prices by 30 The Cubix features tiny and pricing now ranges from $215,000 for a courtyard-facing studiko with patio ($90,000 less than the originalo price of $305,000) to $279,000 for a penthouse level home with a city view ($65,000o less than the original price of $344,000). “There is a wide rang of people who seem to be interested at the newpricwe point,” said Mollard.

Thursday, February 3, 2011

Capital One, others downgraded by S&P - Washington Business Journal:

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“We believe the banking industry is undergoing a structural transformation that may includse radical changes withpermanen repercussions,” said S&P credit analyst Rodrigo Quintanilla. “Financial institutions are nowsheddinfg balance-sheet risk and altering funding profiles and strategies for the marketplace’e new reality.” Capital One’s counterparty credit ratinb was cut to BBB from BBB+ with its outlooki “negative.” In addition to Capitalo One, S&P cut its ratings on , , and 14 othee banks.
Standard & Poor’s says it believeds loan losses will continue to although recent capital rebuildingh should help banks defray those It notes the high number of banks with “negative” outlooks, which suggesta ratings could decline further. Capital One was not one of the bankd ordered to raise additional capital after the completion ofthe government’s streszs tests. The McLean-based company says it will repay $3.6 billion in TARP moneyu it received last Capital Onestock COF) was down 83 cents to $22.32 per share in afternoob trading. Its shares have lost 30 percenft of their valuethis year.