VOL. TMN-6 | NO. 14 | Saturday, March 30, 2013
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.
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.
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.
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.
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.
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.
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.
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.
Much about the way forward on health care reform is unclear.
THE MEMPHIS NEWS ALMANAC
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.
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.
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.
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.
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.
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.
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.
Since Dorsey Hopson became general counsel for Memphis City Schools in 2008, he has experienced a whirlwind of change.
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.
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.
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.
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.
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.
When Shelby County Republicans got together for the biannual party convention Sunday, March 24, in Bartlett, local party chairman Justin Joy counseled patience.
Local fundraising consultants Melvin and Pearl Shaw have written two books designed to help nonprofits increase their fundraising activity.
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.
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.
The National College of Business and Technology has a new building with new technology and more classroom space.
The Overton Park Conservancy is considering a bid to run the Overton Park Golf Course for the city of Memphis.
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.
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.
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
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.
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.
3443 Jackson Ave., Memphis, TN 38122
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.
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.
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?”
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.
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 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.
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.
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.
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.
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.
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.