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RadioShack sees stock jump on investment report

Fort Worth-based RadioShack saw its stock increase as much as 45 percent on Friday as investor Standard General LP said it was continuing talks on new financing for the electronics retailer.

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Fort Worth couple gets in 'Shark Tank,' comes out with deal

A Fort Worth couple who started a business when they couldn’t sleep, were the first entrepreneurs to get a deal on ABC’s Shark Tank in the season premiere on Sept. 26.

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20 from Dallas-Fort Worth on Forbes wealthiest list

There are 20 Dallas-Fort Worth residents listed among the 400 richest Americans, according to the Forbes 400 list of The Richest People in America 2014.

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Internal audit says EPA mismanaged Fort Worth project

FORT WORTH, Texas (AP) — An internal audit by the U.S. Environmental Protection Agency reveals the agency mismanaged an experiment using new ways to demolish asbestos-ridden buildings.

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Texas Wesleyan acquires two strip shopping centers on East Rosedale

Texas Wesleyan University has purchased two strip shopping centers on East Rosedale Street across from its Southeast Fort Worth campus, the university’s president said Friday.

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Surgical complications can be unintended profit center
NEW YORK (CNNMoney) -- No patient wants to experience complications after surgery. But such complications can actually lead to higher profits for hospitals if the patients are covered by Medicare or private insurance, according to a report released Tuesday by the Boston Consulting Group.
When a privately insured patient experiences one or more complications -- such as blood clots, stroke, infection, septic shock, pneumonia or cardiac arrest -- hospitals' profit margins are 330% higher compared to a patient with no complications, the report found.
For Medicare patients with complications, hospitals' profit margins are 190% higher, according to the report, which was published in The Journal of the American Medical Association.
The report isn't suggesting that complications are caused intentionally, said Dr. Barry Rosenberg, a co-author of the study. But he hopes the findings provoke discussion on the "absolute need for payment reform," he said.
Hospitals make more money the longer a privately insured or Medicare patient stays, said Rosenberg, a partner with BCG's health care practice. As a result, they may lack financial incentives to take steps to reduce surgical complications, he said.
"Insurers are rewarding hospitals when there are complications," he said. "This is not the type of incentive you want ... in the healthcare system for your family."
The BCG study analyzed insurance billing data for more than 34,000 in-patient surgeries performed in 2010 across a 12-hospital system in the southern United States. Of those surgeries, 5.3% -- or 1,820 patients -- experienced one or more complications.
Hospitals receive $56,000 in working revenues on average when a privately insured patient has a complication, but only $17,000 when they're complication-free, according to the report. They receive $3,600 when Medicare patients have a complication, vs. $1,800 when they're free of complications.
"It's been known that hospitals are not rewarded for quality, but it hadn't been recognized exactly how much more money they make when harm is done," said Dr. Atul Gawande, a professor at Harvard School of Public Health and co-author of the study, in the report. "Hospitals should financially gain, not lose, by reducing harm."
It's a different story for so-called "safety net" hospitals that primarily treat patients covered by Medicaid or who pay for their own health care. In those cases, hospitals actually make less if complications ensue because of the way Medicaid and consumers pay, according to the report.
Texas Health Resources and Ariadne Labs, a joint research center at Harvard School of Public Health and Brigham and Women's Hospital, partnered with BCG on the study.
The American Hospital Association was not immediately available for comment on the study.

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