Vanderbilt University Medical Center is adding an airplane to its LifeFlight program, which provides emergency medical transportation across the country.
The new plane is a Pilatus PC-12 and will be based at Nashville International Airport. Denver-based medical transportation company Air Methods owns and operates the plane. Air Methods also handles the patient billing, which is paid to Vanderbilt for providing medical care on the flights.
The airplane is slightly larger than the program's previous plane, which VUMC has used since 2004. LifeFlight spokesperson Jerry Jones said VUMC has provided emergency medical flights across the country, but most cases come from the Southeastern region.
"We use the most state-of-the-art equipment available, which includes digital capnography, invasive line management, and intra-aortic balloon pump transports," John Kennedy, chief flight nurse over the airplane, said in a release. "We utilize cutting-edge airway technology."
TriStar Centennial Medical Center has secured a permit to rehab emergency room space, according to a Metro Codes Department document.
Nashville-based Batten & Shaw is handling the work, with the permit valued at $1.3 million. The permit follows a similar project, valued at more than $4 million, for work on the ER facility at the HCA Holdings flagship facility. Batten & Shaw handled that effort, too.
See the hospital, located at 2400 Patterson St., here courtesy of Google Maps.
Needham Securities analyst Scott Berg is suggesting investors take a breath on HealthStream after the company's second-quarter earnings report and conference call. He has downgraded the stock (Ticker: HSTM) to 'hold' from 'buy' and wants to see a clearer growth narrative for parts of the business.
While the company's 2Q call detailed a core business that remains strong, potential early ICD-10 customer loss, the continued lack of visibility of declining ICD-10 related revenues, and an underperforming Patient Experience segment give us less confidence that the company can drive meaningful upside to our current growth estimates.
Avondale Partners analyst Paula Torch said she expects AmSurg to report second quarter earnings in-line with expectations with potential for upside. Torch also said adjusted earnings per share could exceed analysts' expectation of 85 cents, which is above the ambulatory surgery center's guidance range of 81 cents to 84 cents.
AmSurg has completed six acquisitions this year. "While we continue to believe the pipeline is robust, we look for more color on the pace and ability to meet or exceed $200 million in capital spend on M&A in 2015," Torch said in a report.
Shares of AmSurg (Ticker: AMSG) were down 1 percent to $68.27. Year to date, they're up almost 25 percent.
Vanderbilt University Medical Center has landed a $2.25 million two-year grant from the William K. Warren Foundation to research treatments for several mental illnesses.
The grant is in addition to a three-year $5 million commitment made last year in a research collaboration agreement. The funding will be used to develop new treatments for major depressive disorder, general anxiety disorder and post-traumatic stress disorder.
Researchers at the Vanderbilt Center for Neuroscience Drug Discovery are working to develop small molecules that act on key receptors in the brain to act on excessive and dysfunctional signaling that has been linked to some mood and stress disorders.
"The global costs and suffering due to mental illnesses are staggering," John-Kelly Warren, CEO of the foundation, said in a release. "The World Health Organization estimates the annual, global costs of mental illness at nearly $2.5 trillion. The U.S. is not escaping this burden. According to the National Institute of Mental Health, an estimated 43.7 million Americans 18 and older had a mental illness in the past year. That is 18.6 percent of all U.S. adults. The support we are providing to Vanderbilt…has the potential to be able to treat almost all of these adults."
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