Citigroup and Tiber Group Launch 'Capital Ideas'; A Briefing Book for Health System Boards and Senior Management.Business Editors/Health/Medical Writers CHICAGO--(BUSINESS WIRE)--Nov. 25, 2003 Today's restrictive capital funding environment poses a profound and multi-faceted challenge to health system leaders as they strive to develop facilities and programs that will accommodate increasing patient demand and unceasing technological innovation. Aging facilities, new competitors, staffing shortages, governmental deficits and marginal industry operating performance exacerbate the impending im·pend intr.v. im·pend·ed, im·pend·ing, im·pends 1. To be about to occur: Her retirement is impending. 2. Capital Gap that many health systems face. Citigroup and Tiber Group have come together to launch Capital Ideas, a series that will explore the forces creating the Capital Gap and define competitive and capital access strategies for meeting the demands of both consumers and the capital market. Finding better ways to fund healthcare delivery and improve patient care is essential for the industry to meet the demographic and technological challenges at its doorstep. The ultimate solutions will require health system leaders, Boards and policy makers to challenge conventional logic in areas such as strategic planning Strategic planning is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy, including its capital and people. , governance models and capital access among others. ABOUT CITIGROUP Citigroup (NYSE NYSE See: New York Stock Exchange : C), the preeminent pre·em·i·nent or pre-em·i·nent adj. Superior to or notable above all others; outstanding. See Synonyms at dominant, noted. [Middle English, from Latin prae global financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. company with some 200 million customer accounts in more than 100 countries, provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, insurance, securities brokerage, and asset management. Major brand names under Citigroup's trademark red umbrella include Citibank, CitiFinancial, Primerica, Smith Barney Smith Barney is a division of Citigroup Global Capital Markets Inc., a global, full-service financial firm, that provides brokerage, investment banking and asset management services to corporations, governments and individuals around the world. , Banamex, and Travelers Life and Annuity annuity: see insurance. annuity Payment made at a fixed interval. A common example is the payment received by retirees from their pension plan. There are two main classes of annuities: annuities certain and contingent annuities. . Citigroup's Health Care Group has 40 professionals in seven offices nationwide, providing a comprehensive range of financial products & services including debt placement, strategic advisory, asset-liability management, direct lending and derivatives. Additional information may be found at: www.citigroup.com. ABOUT TIBER GROUP As one of the nation's leading health care consulting firms Noun 1. consulting firm - a firm of experts providing professional advice to an organization for a fee consulting company business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a , Tiber Group is at the forefront of designing enterprise-wide and service line strategies to tackle consumer and capital market expectations head-on. Within its role of trusted advisor to health systems, hospitals, academic medical centers, physician groups, associations, managed care organizations and industry suppliers since 1989, Tiber Group prides itself on innovative thinking and effective communication applied within the context of each client's competitive and financial reality, as well as their philosophy and mission. Additional information may be found at: www.tiber.com. |
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