Omnicare [OH] undergoing top-down makeover
Omnicare Inc. may be the nation's largest provider of pharmaceutical care for the elderly, but it's operated for nearly three decades with few of the internal administrative and financial controls typical of nearly every other Fortune 500 firm.
Correcting those lapses is the first challenge confronting new leadership at the company in the wake of the abrupt retirement in July of long-time CEO Joel Gemunder.
In their first media interviews since Gemunder's surprise exit, interim CEO James "Denny" Shelton and CFO John Workman talked candidly about problems of the past and their ideas for the $6.1 billion firm's future.
- EHR Systems 'Immature, Costly,' AMA Says
- Better HCAHPS Scores Protect Revenue
- Narrow Networks Cut Costs, Not Quality, Economists Say
- CEO Exchange: Preparing for Population Health
- Interstate Medical Licensure Effort Advances
- Anthem Blue Cross, 7 CA Health Systems Create New Challenger, Business Model
- 'Early Offer' Malpractice Programs May Spur Reform
- How to Build a Health Plan from Scratch
- 3 Strategies for Retaining Millennial Employees
- Advocate, NorthShore Deal Would Create 16-Hospital System