College of Medicine receives grant to expand LabLion Program
The College of Medicine's Center for Science and Health Education has been awarded a grant of more than $539,000 to expand Penn State LabLion, a program designed to provide elementary students in Pennsylvania school districts with a quality standards-based education in the sciences. The college is one of only 19 institutions nationwide to receive four-year grants of varying amounts.
For the full story, go to http://live.psu.edu/story/3350
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Hershey Medical Center appoints Hefner to leadership post
David S. Hefner, who since January has served as acting executive director and chief operating officer for Penn State Milton S. Hershey Medical Center, has been appointed to the role on a permanent basis. He brings to the position more than 25 years of experience in the healthcare industry as a hospital CEO, a program manager for laboratory information systems and data communications network installations, and a healthcare consultant. Hefner steps in for Steven D. Baron, who took a medical leave of absence in December 2002 to focus on personal health matters. Baron will remain involved with the medical center, serving as a special adviser.
For the full story, go to http://live.psu.edu/story/3325
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Hershey Medical Center will meet budget
Capping off a fiscal year in which Penn State Milton S. Hershey Medical Center and Penn State College of Medicine unveiled its plans for future growth, one that calls for a total of more than 832,000 square feet of new construction over the next seven to 10 years, the centers chief executive officer told its board of directors that the organization is poised to meet its budget for the third consecutive year.
The medical center's current fiscal year ends June 30. As of May 31, the medical center showed a positive operating margin of approximately $14 million plus more than $3 million in non-operating income (due mostly to the sale of a reserve air medical helicopter) for a total positive margin of more than $17 million. Total revenue was approximately $471 million — roughly $3 million behind budget. Total expenses were nearly $454 million or less than $2 million over budget. Despite being slightly behind budget projections through May, it is expected budget goals will be met by year's end, Kirch said.
For the full story, go to http://live.psu.edu/story/3342