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We're always working hard here at HealthShare/THA to do a better job of serving Texas hospitals and supporting our association, and in 2006 we made some changes and had a number of successes I'd like to share with you. In December, Jan Thompson, who has been with us since 1997, was named vice president of financial and administrative services, and JoAnn Broom, who joined us in 2002, was named senior coordinator of marketing and program development. We also welcomed Nancy Vidotto as our new executive secretary.
As most of you know, fiscal year 2006 (which ended August 31, 2006) was the first in our three-year expansion plan, which included hiring and training three new regional representatives. Our annual budget reflected the investment in these positions, including travel and compensation, and we had projected a five percent increase in income from our sponsored companies. I'm pleased to report that actual results exceeded our expectations; sponsored companies revenues increased 11 percent from the previous year! Our net income represented a return on equity of 12 percent, and we paid THA Management Corporation a dividend of $200,000. Fiscal year 2006 marked the eighth year in a row that HealthShare/THA has paid dividends, an important form of support that helps the association provide valuable services while keeping down costs.
Three months into fiscal year 2007, the second in our three-year plan, we are continuing to see positive results from our regional representatives and other marketing efforts. We want to say thank you to all of you at Texas hospitals who have opened your office doors to these folks, giving us a chance to see how we can help meet your needs. As always, if you have questions or feedback, please don't hesitate to call me or any of us here at HealthShare/THA.
Vicki Pascasio, FACHE
President/CEO
NEWS
The THA Endorsed Business Partner program recognizes high performing HealthShare/THA companies, with three levels based on the amount of annual revenue returned: Platinum, Gold, and Silver. We'd like to recognize and thank Platinum Business Partner Amerinet/IHC, Gold Business Partners The MHA Group and XactiMed, and Silver Business Partners CampbellWilson, Staff Care, Hospital Receivables Service Inc, Passport Health Communications Inc, Resource Corporation of America , and Solucient.
PROFILES
Streamlined Compliance NEW!
HealthShare/THA's newest endorsed company, Verge Solutions, creates software that helps hospitals manage the regulatory compliance and quality improvement processes. Verge products tie together administrative responsibilities regulated by accreditation and compliance organizations, and helps hospitals streamline compliance and information gathering requirements. VSurvey, the company's flagship system, is a platform for all operational processes that affect your organization's accreditation. Originally developed for JCAHO standards, VSurvey also provides the capability to import and manage standards for CMS, Healthcare Facilities Management Programs, HIPAA, MAGNET, Baldridge and state quality standards. For more information, contact us at 800/252-9404 or Barbara Norman at 408/227-1314 or Barbara@verge-solutions.com. Ask about registration for a free 30-minute online information session. Or visit www.verge-solutions.com.
Workforce Diversity Conferences
The Texas Area Health Education Centers statewide network is sponsoring a series of conferences to explore the dynamics of health care workforce diversity in Texas. The conferences will look at innovations and best practices for strengthening recruitment and retention of underrepresented groups, and strategies for putting those into place. Participation is open to those in education, health care workforce development and employment, health care industries, governmental organizations and policy makers. Conferences will be held from February through July in Dallas, Lubbock, Austin, El Paso, Houston and Harlingen. For a schedule and registration information, visit www.hwdc.org.
Recruiting Myths Debunked
Jobscience reminds hospital human resources professionals that they face stiff competition for talent and risk falling behind unless they can combine best pratices in HR with the unique needs of the industry. The firm offers an article "Top 5 Recruiting Technology Myths," which addresses quality hiring, automation and time to fill, latest and greatest technology, recruiting best practices, and reporting and metrics. To request a copy of the article by email, visit http://www.jobscience.net/jpg_form_myths.htm.
SPOTLIGHT
Update!
At HealthShare/THA, we are always looking for new companies to provide the services and products that Texas hospitals need. We are also constantly evaluating our existing endorsements to ensure that the companies are providing the best value to you and your hospital. An up-to-date list of endorsed companies is available on our website. Your feedback, suggestions and comments are a valuable part of this process, so don't hesitate to call at any time (or you can do this on our website). And check with us first when seeking out a new provider or service.
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