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VOL. TMN-6 | NO. 14 | Saturday, March 30, 2013
Weekly Issue

Health Care Decisions

Small-business owners face health care exchange deadline as Affordable Care Act begins to take hold

In the past four years, the health care premiums Courtney Liebenrood Ellett has paid for her 12 employees have risen about 70 percent.

Klan Rally, Heavy Police Presence Mix With Rain

A group of 60 robed Ku Klux Klan members and swastika flag bearing members of the National Socialist Movement rallied Saturday, March 30, outside the Shelby County Courthouse.

Taxing Decision

Local biomedical firms hopeful for repeal of device tax

Local medical device manufacturers like Smith & Nephew, Medtronic Inc. and Wright Medical Group Inc. are crossing their fingers that Congress will follow through on a repeal of the 2.3 percent medical device excise tax enacted in January.

MED Reduces Some Employee Hours

The Regional Medical Center at Memphis is reducing the hours of employees who work in transportation, telemetry and its call center to meet its 2013 budget goals.

Reform Brings Changes to Managed Care

Historic changes in managed health care are already under way and more are expected over the next year as reform continues to take shape following the Affordable Care Act of 2010.

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Cooper Focused on Improving MED Processes

Several months into her new role at The Regional Medical Center at Memphis, Susan Cooper is focusing on what she calls “quick wins” to improve the quality of patient care throughout the regional health system.

Bioworks Foundation to Launch TriMetis

In May, The Memphis Bioworks Foundation will launch TriMetis, a for-profit research company that will be the first of its kind in the region.

UTHSC, UT Medical Group Form Dermatopathology Lab

A recently launched joint venture between the University of Tennessee Health Science Center (UTHSC) and UT Medical Group will bring an academic touch to the diagnosis of skin diseases.

Editorial: Questions Remain After Haslam’s Decision

Much about the way forward on health care reform is unclear.

THE MEMPHIS NEWS ALMANAC

March 29-April 4: This Week in Memphis History

2012: Pinnacle Airlines Corp. filed for federal bankruptcy reorganization after months of trying to reorganize the Memphis-based regional air carrier to compensate for a shift in the airline industry and a move away from the smaller capacity jets used by Pinnacle. It was a dramatic reversal for a company that in October 2010 became the anchor tenant of One Commerce Square. The reorganization plan was later scrapped for another reorganization plan that included Pinnacle moving out of Memphis effective May 2013.

Crosstown Leaders Discuss Ambitious Project

Leaders of the Crosstown Development Project talked this month with The Memphis News editorial board about their plans for the adaptive reuse of the 1.5 million-square-foot, circa-1927 Sears Crosstown building.

Baseball History

Redbirds put focus on past and present during coming season

The last time the Leftfield Loonies were heard from in Memphis, leftfield was near Early Maxwell Boulevard and Central Avenue at the Mid-South Fairgrounds and they were loony for the Memphis Chicks baseball team.

Laurelwood Unplugged Back for Third Season

Two years ago, the owners of the Laurelwood Shopping Center wanted to experiment with something unconventional that would serve as a treat for shoppers – a live music concert series.

Memphis Chemical Rebrands as 1Source

When Memphis Chemical & Janitorial Supply Co. was sold to new owners in 2000, the company’s product mix consisted almost exclusively of chemicals and janitorial supplies, and the company served a client base of mostly local churches.

Stories of the Street

The Bridge provides voice, income for Memphis’ homeless community

On a frosty Monday afternoon in late March, Cynthia “Cee Cee” Crawford stood at the intersection of Park Avenue and Getwell Road waving copies of Memphis’ new street newspaper, The Bridge.

Food Truck Alliance Grows With Rodeos

In 2011, the Memphis City Council passed a food truck ordinance drafted by council members Jim Strickland and Shea Flinn, which allowed self-contained mobile food preparation vehicles to operate in the city of Memphis.

Hopson Takes Over Public Schools Leadership

Since Dorsey Hopson became general counsel for Memphis City Schools in 2008, he has experienced a whirlwind of change.

Fresh Focus

Family-owned Mosa Asian Bistro continues success in evolving market

For family-owned Mosa Asian Bistro in East Memphis, freshness is the key to success.

Highwoods to Develop International Paper Tower

The future of International Paper Co. in Memphis, where it’s long been based and where it recently reached a deal to solidify its presence here, is taking shape.

Beale District Future Mapped Out in Report

Whatever comes next for the Beale Street entertainment district, the city of Memphis isn’t likely to turn over the three blocks of real estate for several decades to a developer and the nonprofit middleman, Beale Street Development Corp.

Secret Sauce

Memphis Pizza Cafe celebrates 20 years in business

Twenty years ago this month, a trio of businessmen opened a new pizza shop in Overton Square.

Sammons Seeks Final Cut Numbers From Delta

Jack Sammons, the new chairman of the Memphis-Shelby County Airport Authority board, is no stranger to the flight from Memphis to Atlanta. Sammons long has been the board’s frequent flyer when it comes to business travel.

Local GOP Convention Continues Tea Party Effort

When Shelby County Republicans got together for the biannual party convention Sunday, March 24, in Bartlett, local party chairman Justin Joy counseled patience.

New Books Designed to Increase Fundraising

Local fundraising consultants Melvin and Pearl Shaw have written two books designed to help nonprofits increase their fundraising activity.

Fashion Philanthropy

Thigh High Jeans strives for positive social change

Not many companies can say their customer base includes Sheryl Crow, JJ Grey and Mofro, Robert Plant, Brandi Carlile and Grace Potter.

Bank of Bartlett Continues Turnaround

The Federal Reserve Board has terminated a so-called “prompt corrective action” order for Bank of Bartlett that was released last year and which at the time asserted the bank was undercapitalized.

National College Ready for Growth

The National College of Business and Technology has a new building with new technology and more classroom space.

Overton Park Conservancy Explores Golf Course Management

The Overton Park Conservancy is considering a bid to run the Overton Park Golf Course for the city of Memphis.

SPORTS

Hugs All Around After Tigers Season

Only Josh Pastner could utter the word “Lamborghini” on the occasion of his contract extension and a pay raise that likely pushed his annual salary north of $2 million and come across as grateful, gleeful and humble.

Troubling Trends Plague Grizzlies’ Recent Play

Maybe, just maybe, this will make you feel a less panicked about the state of the Grizzlies. In beating the Grizzlies, 108-101, the other night at Madison Square Garden, the New York Knicks led by as many as 30 in the first half yet saw the Grizzlies claw back to within 4 points in the final minute.

MEMPHIS STANDOUT

Bearden Photos on Display at Leadership Memphis

Willy Bearden is a local filmmaker best known for works such as his 2010 feature “One Came Home” and the Memphis Memoirs series on WKNO-TV.

MEMPHIS LAW TALK

Long, Winding Road Brings Frulla Home for Legal Career

Before exploring the hushed recesses of a law library and the endless indexes of a legal textbook, Chris Frulla of Rainey, Kizer, Reviere & Bell PLC wanted to explore some of the country.

MEMPHIS NEWSMAKERS

Phipps Named Vice President, COO at American Esoteric Laboratories

Dr. Amber R. Phipps has joined American Esoteric Laboratories, the Mid-South division of Sonic Healthcare USA, as vice president and chief operations officer. In her new role, Phipps will oversee all operations for AEL, which includes nine laboratories and more than 800 employees in six states. A captain in the U.S. Army Reserves, Phipps most recently served as a medical operations officer stationed at Fort Sam Houston, Texas.

REAL ESTATE RECAP

Berclair Dollar General Sells for Almost $1 Million

3443 Jackson Ave., Memphis, TN 38122

SMALL BUSINESS SPOTLIGHT

XMC Reaches Anniversary, Expands in East Tennessee

XMC Inc., the second-largest Xerox dealer in the U.S., is celebrating 20 years in business and is currently expanding into new areas of East Tennessee.

LOCAL COLUMNISTS

The Means to be Mean

PIECE OF CAKE. Lately, and this is disturbing, I’ve been thinking about Sen. Brian Kelsey, R-Germantown, as Marie Antoinette, complete with a powdered wig and a cute little stick-on beauty mark, running up and down the halls inviting the poor to eat cake when they run out of bread. But these are not the halls of her Petit Trianon in Versailles at the time of the French Revolution. These are the halls of the state capitol in Nashville at the time of the super majority.

Making the Ask – Part One

How do you ask someone to make a gift to a nonprofit that you believe in? What do you say? When do you ask? What if the person says “yes?” What if she says “no?”

Are Foreclosures or Short Sales Worth It?

Ray’s Take This is in many ways a fantastic time to be looking for a new home. In addition to historically low mortgage rates, there are a lot of distressed properties on the market – homes for sale as foreclosures or short sells. There are plenty of bargains to be had, but also plenty of risks and financial pitfalls along the way.

Wonderstone Worth Wait

Since writing about magician David Kwong last November, I’ve been waiting for “The Incredible Burt Wonderstone” to come out. David’s listed as one of the film’s two magic consultants at IMDB, though I saw three names in the film’s credits. I enjoyed the film on the day it was released, and now I’m watching the reviews roll in on Rotten Tomatoes.

The Cyprus is Falling!

The Cyprus economy is $23 billion. (The Vermont economy is $26 billion.) Bank loans in Cyprus are eight times the size of GDP, compared with 3.5 times in the Eurozone and 1 times U.S. GDP. With leverage ratio’s that high, a small deterioration in loan performance can render the banking system insolvent.

Make Memorable Impressions at Networking Events

Find yourself attending countless networking events with little result in new business generated? It’s possible you’re just not leaving a memorable impression. But don’t take it personally. Most attendees are more focused on what they’re going to say than what you or anyone else is saying. That’s why deploying attention-grabbing strategies are essential to generating a real return on your networking time investment.

Companies Need to Think Like Venture Capitalists

Last week we discussed the concept of the intrapreneur and our conviction that companies must add the pressures of failure and constrained resources to get ingenuity. Real entrepreneurs have vision, resilience and fortitude. Their natural drive, focus on survival and ability to pivot with the market is what generates market winners. It is the natural selection process at work. This is why VCs think the team is most critical, and companies looking to innovate should too.

Partnerships Key in Baptist Operation Outreach

Last week we highlighted the On Location: MEMPHIS International Film & Music Festival and “Memphis Rocks” category, which is a free opportunity for Memphians to submit short videos that spotlight positive perspectives about our city for a chance to see them shown on the silver screen. This week let us turn our attention to an organization that is now “well beyond a century” with a true heartbeat of giving back to the community: Baptist Memorial Health Care.

It’s Just a Lease Renewal, Right?

So your office lease is expiring and it’s time to make a decision about your space. Hopefully you are at least six to 12 months out from your expiration date as you are thinking about all of this – and if you are thinking of moving, you might want more time than that. This is a big decision, and not just because moving, if that’s a possibility for your company, is a huge ordeal. It’s a big decision because office lease expense is typically one of your larger operating expenses.

A Very Good Question to Ask

What if you knew the best predictor of future growth for your business? Think about it. If you knew the best predictor, you could look into it, see how you’re doing with regard to it and focus much of your time and energy on it.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 67 67 10,289
MORTGAGES 107 107 13,434
FORECLOSURE NOTICES 0 0 2,644
BUILDING PERMITS 393 393 24,700
BANKRUPTCIES 60 60 9,952
BUSINESS LICENSES 16 16 3,752
UTILITY CONNECTIONS 149 149 14,706
MARRIAGE LICENSES 31 31 3,198

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The Memphis News: Business, politics, and the public interest.