HealthSpring, Inc. (NYSE:HS) announced that John T. Fox, President and Chief Executive Officer of Emory Healthcare, Inc., has joined its Board of Directors. Fox’s experience in leading healthcare systems and other healthcare organisations should strengthen the Board’s abilities to, among other things, confront and respond to the challenges presented by recent federal health insurance reform.
Prior to joining Emory Healthcare, Mr. Fox was executive vice president, in charge of financial management, acquisitions, HMO performance, quality performance, infrastructure, and other activities for Clarian Health (a regional healthcare system and academic medical center in Indianapolis, Indiana) and a vice president and chief financial officer for The Johns Hopkins Hospital in Baltimore, Maryland. Mr. Fox began his career as a healthcare consultant with Coopers & Lybrand. He holds a bachelor’s degree from Washington University (St. Louis) and a Masters in Business Administration.
“John Fox, like HealthSpring, is committed to the long-term transformation of the way healthcare is delivered in the United States,” said Herbert A. Fritch, Chairman of the Board and Chief Executive Officer of HealthSpring. “His background and diversity of experience bring extensive operating depth and a fundamental understanding of U.S. public health policy to our Board of Directors and expand our capabilities as we evolve our Medicare product lines and enter potential new lines of business. As Chief Executive Officer of Emory Healthcare, he has led its four hospitals and two large physician groups to be a leader in the delivery of high-quality clinical care in a patient-centric manner, which are core tenets to HealthSpring’s Medicare operations. John will be a valuable asset to our Board, to our stockholders, and, personally, to me as we react to health insurance reform and grow our business.”
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Steve Husk, CEO of FRSGlobal, discusses the factors financial institutions are faced with in order to equip themselves against the current regulatory environment.
The adoption of IFRS for Canadian companies is in full swing. As of January 1, 2010, Canadian companies are required to file financial statements under IFRS. Although Canadian GAAP and IFRS are similar, there are three main differences that have posed a challenge for companies: effectiveness testing, hedge accounting eligibility, and fair value measurement. While not an exhaustive list, these issues have posed the greatest challenge for Canadian corporations during the first quarter of 2010. The following paper clarifies some of the differences in hedge accounting between Canadian GAAP and IFRS and shares best practices for hedge accounting to help Canadian corporations navigate through the transition.
With this Spring 2010 Edition of the Phone System Comparison Chart quickly see differences between brands like Avaya, Mitel, Cisco, ShoreTel, 8x8, Panasonic, etc and compare over 94 phone systems by 52 brands for small to big business.