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March 30, 2015 5:35 AM ET

Healthcare Providers and Services

Company Overview of The Charlotte-Mecklenburg Hospital Authority

Company Overview

The Charlotte-Mecklenburg Hospital Authority, doing business as Carolinas HealthCare System, provides various healthcare and wellness services and programs in North and South Carolina. The company operates a network of academic medical centers, hospitals, healthcare pavilions, physician practices, destination centers, surgical and rehabilitation centers, home health agencies, nursing homes, and hospice and palliative care facilities. Its medical services include ambulance and air patient transport, behavioral health, cancer care, laboratory network, children's, employer health, cosmetic and plastic surgery, emergency and urgent care, faith community health ministry, gastroenterology, global ...

1000 Blythe Boulevard

Charlotte, NC 28203

United States

Founded in 1940

Phone:

704-355-4300

Fax:

704-355-7287

Key Executives for The Charlotte-Mecklenburg Hospital Authority

Chief Executive Officer
Age: 60
President and Chief Operating Officer
Chief Financial Officer and Executive Vice President
Chief Executive Officer of Anmed Health Medical Center, Chief Executive Officer of Anmed Health Women's & Children's Hospital, President of Anmed Health Women's & Children's Hospital and President of Anmed Health Medical Center
Chief Executive Officer of Roper St. Francis Mount Pleasant Hospital, Chief Executive Officer of Bon Secours St. Francis Hospital, Chief Executive Officer of Roper Hospital, President of Bon Secours St. Francis Hospital, President of Roper Hospital and President of Roper St. Francis Mount Pleasant Hospital
Compensation as of Fiscal Year 2014.

The Charlotte-Mecklenburg Hospital Authority Key Developments

Carolinas HealthCare System Announces Earnings Results for the Year Ended 2014; Provides Operating Margin Guidance for 2015

Carolinas HealthCare System announced earnings results for the year ended 2014. For the year, the company reported net operating revenue grew 8.3% to nearly $8.5 billion, up from less than $7.9 billion in 2013. But operating income jumped 233% to $260.9 million up from $78.4 million the previous year. The health-care system expects that its operating margins will be less than 2% for 2015.

Carolinas HealthCare System Announces Earnings Results for the First Nine Months Ended September 30, 2014; Provides Earnings Guidance for the Year 2015; Provides Capital Expenditure Guidance for the Year 2014

Carolinas HealthCare System announced earnings results for the first nine months ended September 30, 2014. The company netted $346.1 million in the first nine months of 2014. That's a jump of nearly 15% from $301 million during the comparable period a year ago. The company's net operating revenue totaled $6.3 billion, up from nearly $5.9 billion a year earlier. The company's operating income jumped 164% to $198.9 million from nearly $75.3 million last year. The company approved a 2015 budget that projects operating revenue for the total enterprise will grow 2.6% to $8.5 billion. The company has budgeted $428 million in capital expenditures in 2015, down from $628 million in 2014.

Carolinas HealthCare System and Blue Cross and Blue Shield of North Carolina Team Up on Health-Insurance Plan for Individuals

Carolinas HealthCare System is collaborating with Blue Cross and Blue Shield of North Carolina on a new insurance plan for individuals. The offering, called BlueLocal with Carolinas HealthCare System, will be available to residents of Anson, Cabarrus, Cleveland, Gaston, Lincoln, Mecklenburg, Rowan, Stanly and Union counties starting January 1, 2014. The plan was designed for those under age 65 who purchase their own insurance and want to receive care through the Charlotte-based health-care system. All Carolinas HealthCare-owned and -managed facilities in North Carolina will be in-network. BlueLocal will be offered through the federal health-insurance marketplace tied to Obamacare, as well as through Blue Cross. The insurance plan will cover a full-range of health-care services and access to more than 900 Carolinas HealthCare locations, including primary, specialty and urgent care facilities, as well as hospitals. Preventative care such as immunizations and screening will be covered, and patients will receive support to better manage chronic disease such as diabetes and heart conditions. Patients also will have access to Carolinas HealthCare Systems Virtual Visit, which provides live access to a medical provider 24 hours a day, seven days a week via computer or mobile devices.

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