Word: profitability
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Dates: during 1990-1999
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This week Harvard launched an interdisciplinary, University-wide center for teaching and research on non-profit institutions after receiving a $10 million donation from Rita E. Hauser '58 and Gustave M. Hauser...
...Hauser center will address issues such as how non-profits can best be managed, how non-profits and corporations can coordinate their activities and how to develop non-profit leaders...
REDMOND, Washington: More good news for Bill Gates in his quest to make all the money in the world: Microsoft reported fiscal third quarter earnings of $1.04 billion, up 85 percent. Revenue jumped 45 percent, far exceeding expectations. Despite all the buzz about the Internet as Microsoft's profit center of the future, the key factor in this quarter's explosive growth was strong sales of an updated version of an old standard, the company's Office 97 software...
That is no comfort to doctors and patients. For-profit plans are reacting to the recent slippage in net by negotiating huge mergers. Some analysts predict that the 30-odd managed-care insurers that compete today in California will be concentrated into seven to 10 by 2005. Such giant combines might be able to hike premiums while squeezing spending on patient care even tighter in an effort to rebuild their margins--and continuing to let their chief executives pile up personal fortunes in salary and stock. One survey found that the salaries of HMO chiefs averaged 62% higher than those...
...managed-care patients are getting, have been especially active. Local 1199 of the National Health and Human Service Employees Union, whose members staff hospitals, clinics and doctors' offices in New York City, is starting its own health plan. The aim, says local president Dennis Rivera, is to "take for-profit out of the equation" and lower costs--not for care but for overhead and salaries. Eleanor Tilson, executive director of 1199's 320,000-member plan, makes $175,000 a year--peanuts compared with nearly any other HMO chief...