Vencor, a Louisville, Ky.-based chain of 31 intensive-care hospitals, reported a 31% increase in profits to $5.9 million, or 35 cents per share, for the first quarter ended March 31, compared with $4.5 million, or 25 cents per share, in the year-ago period. Revenues grew 39% to $87 million.
Caremark International said it will work with three drug companies to seek ways to improve physicians' prescribing practices and patients' compliance with prescriptions. The Northbrook, Ill.-based company manages drug-benefits programs and provides home-healthcare services. It will share drug-utilization information with the companies. The data won't be specific to patients or payers. Two companies involved in the data analysis project are New York-based Pfizer and Collegeville, Pa.-based Rhone-Poulenc Rorer. The third company wasn't identified. Caremark said it's still negotiating with other firms. The companies also will develop drug-treatment protocols for some high-profile health problems, such as AIDS and heart disease.
Jack O. Bovender Jr., former executive vice president and chief operating officer of HCA-Hospital Corporation of America, Nashville, Tenn., has been named to the board of Quorum Health Group, Nashville. Mr. Bovender was a 20-year veteran of HCA when it merged with Louisville, Ky.-based Columbia Healthcare Corp. in February.