Navigation Links
Team Finance LLC Announces Fiscal 2007 Results
Date:2/11/2008

accounts receivable funding between years.

Lynn Massingale, M.D., Chief Executive Officer of TeamHealth, said, "We are pleased with our full year 2007 financial performance, which included year over year increases in both net revenue and earnings. During 2007, TeamHealth was able to accomplish several significant operational and financial achievements. Strong operating cash flow and effective management of working capital provided the Company the opportunity to reduce outstanding indebtedness by a total of $11.1 million and increase the Company's cash position by $26.3 million during the year. Net annual revenue growth of 12.5% was driven by a combination of increases in same contract revenue, the addition of new hospital customer relationships, and the full year impact of selected acquisitions. We are pleased to note that our recent acquisitions have been fully integrated into our operations and are performing very well. The Company is continuing to realize favorable trends in its professional liability costs as a result of our ongoing commitment to, and investment in, patient safety and risk management initiatives that provide a tangible benefit to patients, clinicians, and our hospital clients. These initiatives along with other value added measures are a core component of our service delivery process and provided TeamHealth with an opportunity to develop several significant new hospital customer relationships during the year.

"While we are excited by TeamHealth's 2007 progress, many challenges remain within the healthcare industry. Chief among these is the continued issue of an increasing percentage of patients entering hospital emergency departments for medical treatment without any form of insurance. In addition, securing adequate and stable funding at the federal and state level is another challenge to all healthcare providers. We were encouraged that a portion of the formulaic reduction on 2008 Medicare physician payments was recently mitigate
'/>"/>

SOURCE Team Health Inc.
Copyright©2008 PR Newswire.
All rights reserved

Page: 1 2 3 4 5 6 7 8 9 10

Related medicine news :

1. Bush Budget Represents Double Whammy Hit on U.S. Seniors Medicare-Financed Nursing Facility Care
2. Senate Finance Committee Recommends Ways That Medicare Can Enhance Current Physician Quality Reporting Initiative (PQRI)
3. Cardiva Medical, Inc. Appoints Two New Officers: Malcolm Farnsworth as Vice President of Finance and Chief Financial Officer and Tara Zerby as Vice President of Business Development and Marketing
4. OneMedPlace Emerging Healthcare Technologies Finance Forum Jan 7, 8th
5. Harmony Information Systems Raises $28 Million in Series B Financing from JMI Equity, Updata Partners, ORIX Venture Finance and Comerica Bank
6. Kerry, Snowe Push Finance Committee on Small Business Health Care
7. SEIU Applauds Bipartisan Leadership of Sen. Finance Committee in Push for Greater Oversight of Private Equity Takeovers of Nursing Homes
8. Meth Project Chairman Testifies Before U.S. Senate Finance Committee
9. VNUS Medical Technologies Announces Resignation of Chief Financial Officer and VP, Finance & Administration
10. Biotel Announces Strong Results for the Second Quarter Ended December 31, 2007
11. Lincare Holdings Inc. Announces Fourth Quarter and Year Ended 2007 Financial Results
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:11/24/2014)... 24, 2014 Global electrophysiology devices ... by 2020, according to a new study by ... cardiac arrhythmias clubbed with growing global geriatric population ... Though still in the budding stage, the electrophysiology ... usage rates in the recent times, with physicians ...
(Date:11/24/2014)... (PRWEB) November 24, 2014 A ... , London's pre-eminent pain-relief service and massage therapy ... Sports Massage (ESM). This newest sports massage ... The key difference between traditional sports massage and ... access the body's very own "reset button,” and ...
(Date:11/24/2014)... Alberta (PRWEB) November 24, 2014 ... people each day. They break up families, ruin ... is new hope for those that suffer,” says ... scientific research is showing that our specialized nutritional ... Hardy will appear on “Mind Over Matter”, the ...
(Date:11/24/2014)... (PRWEB) November 24, 2014 Dr. Michael ... Fertility Center, recently appeared on NBC to discuss egg freezing ... freezing has been trending in the news recently, with new ... procedure for women. , “[The companies] see it ... are on a career hot path.” Says Dr. Kettel. , ...
(Date:11/23/2014)... The report, “Market Snapshot: Aesthetic ... - Asia-Pacific” provides quantitative analysis of the three ... invasive body contouring devices, non-invasive body contouring devices ... size data by revenue and volume over the ... Japan, South Korea, Australia and India. It uses ...
Breaking Medicine News(10 mins):Health News:Electrophysiology Devices Market Worth Forecasted To Reach $6.19 Billion By 2020: Grand View Research, Inc. 2Health News:Electrophysiology Devices Market Worth Forecasted To Reach $6.19 Billion By 2020: Grand View Research, Inc. 3Health News:Electrophysiology Devices Market Worth Forecasted To Reach $6.19 Billion By 2020: Grand View Research, Inc. 4Health News:Sports Massage in London by Massaggi Presents New Technique to Reset Muscles, Rapidly Eliminate Pain 2Health News:Sports Massage in London by Massaggi Presents New Technique to Reset Muscles, Rapidly Eliminate Pain 3Health News:Nutritional Mental Health Treatment Featured on Access Health Airing on Lifetime Television® 2Health News:Nutritional Mental Health Treatment Featured on Access Health Airing on Lifetime Television® 3Health News:Dr. Michael Kettel of San Diego Fertility Center Gives “An Inside Look at Freezing Eggs” on NBC 2Health News:Dr. Michael Kettel of San Diego Fertility Center Gives “An Inside Look at Freezing Eggs” on NBC 3Health News:Aesthetic Lasers and Energy Devices Market in APAC (China, Japan, South Korea, Australia and India) to 2020 2Health News:Aesthetic Lasers and Energy Devices Market in APAC (China, Japan, South Korea, Australia and India) to 2020 3Health News:Aesthetic Lasers and Energy Devices Market in APAC (China, Japan, South Korea, Australia and India) to 2020 4
... screening, or don,t call back for the results, because they ... a disease. But many illnesses, such as HIV/AIDS and cancer, ... How can health care providers break down that resistance? ... new study by University of Florida psychologists Jennifer L. Howell ...
... WEDNESDAY, Dec. 21 (HealthDay News) -- Hospital patients who ... nearly twofold increased risk of developing delirium, but patients ... increased risk, researchers have found. Delirium is a ... hospital patients. The condition is usually temporary but can ...
... Tenn., Dec. 21, 2011 Armed with a new ability ... St. Jude Children,s Research Hospital have made a discovery they ... the retina. While much work remains, Oak Ridge National ... cells instead of just a few dozen. This tool has ...
... HealthDay Reporter , WEDNESDAY, Dec. 21 (HealthDay News) -- Ludwig ... composers of all time, yet he was deaf by the end ... issue of BMJ suggests that the progression of his ... University of Amsterdam in the Netherlands analyzed three styles of Beethoven,s ...
... News) -- Life expectancy is a topic many disabled seniors ... have that discussion, a new study finds. It included ... had multiple illnesses and disabilities and lived in a community-based, ... had been diagnosed with a specific terminal illness. Interviews ...
... Neuroimaging Technology, researchers use functional MRI brain scans to ... activity. They then employ computerized machine learning (ML) methods ... or sometimes the thought process of human ... decoding." In a new ...
Cached Medicine News:Health News:Self-affirmation may break down resistance to medical screening 2Health News:Move to Hospital Isolation Unit Linked to Raised Delirium Risk 2Health News:ORNL image analysis prowess advances retina research 2Health News:Did Beethoven's Hearing Loss Shape His Compositions? 2Health News:Most Sick or Disabled Seniors Want Docs to Say How Long They Have 2Health News:UCLA neuroscientists demonstrate crucial advances in 'brain reading' 2Health News:UCLA neuroscientists demonstrate crucial advances in 'brain reading' 3Health News:UCLA neuroscientists demonstrate crucial advances in 'brain reading' 4
(Date:11/21/2014)... VIENNA, Va. , Nov. 21, 2014 /PRNewswire/ ... operates in Southern California , today ... caregiving technology. Alta will be providing the innovative BeClose ... services. Logo - http://photos.prnewswire.com/prnh/20141121/160143LOGO ... to providing the kind of affordable 24/7 care our ...
(Date:11/21/2014)... 21, 2014   Rock Creek Pharmaceuticals, Inc., ... is scheduled to present at the Biotech Showcase™ 2015 ... on January 12-14, 2015. ... Rock Creek Pharmaceuticals, will present preclinical and clinical data ... exhibits anti-inflammatory pharmacological characteristics. Dr. Mullan will outline the ...
(Date:11/21/2014)... Calif. , Nov. 21, 2014  Abaxis, Inc. ... manufacturing point-of-care instruments and consumables for the medical, research, ... to the veterinary and research markets in ... of a stock purchase agreement to acquire 100% of ... Kingdom based distribution organization. The transaction closed ...
Breaking Medicine Technology:Alta Home Care, Inc. and BeClose Partner to Enable Seniors to Remain in Their Homes Safely and Securely 2Rock Creek Pharmaceuticals to Present at the Biotech Showcase 2015 2Rock Creek Pharmaceuticals to Present at the Biotech Showcase 2015 3Rock Creek Pharmaceuticals to Present at the Biotech Showcase 2015 4Abaxis Acquires UK-based Distribution Organization 2Abaxis Acquires UK-based Distribution Organization 3Abaxis Acquires UK-based Distribution Organization 4
... ARUP Laboratories is a national reference ... laboratory research and development. ARUP offers an ... unique medical tests in clinical and anatomic ... ARUP Laboratories' clients include more than half ...
... national reference laboratory and a worldwide leader ... offers an extensive test menu of highly ... and anatomic pathology. Owned by the University ... than half of the nation's university teaching ...
... national reference laboratory and a worldwide leader ... offers an extensive test menu of highly ... and anatomic pathology. Owned by the University ... than half of the nation's university teaching ...
... reference laboratory and a worldwide leader in ... an extensive test menu of highly complex ... anatomic pathology. Owned by the University of ... half of the nation's university teaching hospitals ...
Medicine Products: