Tenet Healthcare Corp. announced two new management positions. Dennis Brown was appointed vice president of physician management services. Brown had been vice president of operations and development for Tenet's Australian hospitals. In addition, Roger L. Burke was named vice president of managed-care business development. He had been vice president of Scripps/HealthFirst Managed Care Joint Contracting Network in San Diego. Tenet is the nation's second-largest investor-owned health system with 75 hospitals.
Margaret Sabin, 39, was named chief executive officer of Steamboat Springs (Colo.) Health Care Association, which includes 72-bed Routt Memorial Hospital, an extended-care center and a sports medicine clinic. Sabin, a California-based consultant, has been advising the association on medical-staff integration and strategic planning. Before becoming a consultant, she was an executive at Denver system HealthOne.
Net income for Baxter International rose 9% to $158 million, or 58 cents per share, in the first quarter ended March 31, from $145 million, or 35 cents per share, in the year-ago quarter. The Deerfield, Ill.-based company will complete its split into two businesses by the end of 1996. The high-technology businesses that will form the new Baxter were responsible for $138 million of the reported earnings. Sales in those businesses grew 12.2% to $1.3 billion in the first quarter. They include renal, biotechnology, cardiovascular and intravenous products. Cost-management businesses, including U.S. distribution, will be spun off into the new company. Reported as discontinued operations, they accounted for $20 million of earnings. Sales for the cost-management businesses grew less than 1% to $1.05 billion in the first quarter.
The California Public Employees' Retirement System has negotiated health insurance premium rate reductions for most of its nearly 1 million members for the fourth straight year. Fourteen HMOs that contract with the agency, which purchases health coverage for state employees, cut their rates an average of 1.4%. Five plans reduced their rates, and nine HMOs will maintain their current rates. Meanwhile, seven HMOs are adding chiropractic coverage, and two plans are adding annual eye exams. The new rates will take effect Jan. 1.