Issue link: https://beckershealthcare.uberflip.com/i/1425344
37 PRACTICE MANAGEMENT Hospital for Special Surgery named No. 1 orthopedic hospital worldwide By Ariana Portalatin T he Hospital for Special Surgery in New York City was named the best orthope- dic hospital in the world by Newsweek in its "World's Best Specialized Hospitals 2022" list. e publication partnered with Statista to compile the list, which ranks hospitals in 10 specializations: cardiology, cardiac surgery, oncology, endocrinology, neurology, neurosur- gery, orthopedics, gastroenterology, pulmonol- ogy and pediatrics. e companies conducted a global survey of more than 40,000 medical experts from more than 20 countries from June to August. e orthopedic list features 125 hospitals worldwide. Here are the top 10: 1. Hospital for Special Surgery (New York City) 2. Mayo Clinic (Rochester, Minn.) 3. Charité-Universitätsmedizin Berlin 4. Massachusetts General Hospital (Boston) 5. Johns Hopkins Hospital (Baltimore) 6. Schulthess Klinik (Zürich) 7. Helios Endo-Klinik Hamburg (Germany) 8. Istituto Ortopedico Rizzoli (Bologna, Italy) 9. Severance Hospital-Yonsei University (Seoul, South Korea) 10. Cedars-Sinai Medical Center (Los Angeles) n $7.8M awarded to orthopedic surgeon after stem cell clinic ownership row By Alan Condon A jury on Aug. 31 awarded a Texas orthopedic surgeon $7.8 million after his business partner locked him out of a stem cell clinic they jointly owned and siphoned off assets to a competing clinic estab- lished at the same site. The jury determined that in 2018, Neil Riordan, PhD, conspired to lock Wade McKenna, DO, out of his ownership stake in the Riordan-McKenna Institute, a regenerative medicine clinic in Southlake, Texas. Dr. Riordan transferred Riordan-McKenna Institute assets to another com- pany he owned and continued to operate the clinic at the same location using the RMI initials, but he removed Dr. McKenna's name and began operating as the Riordan Medical Institute, the jury found. The jury reached a breach of fiduciary duty verdict, affirming that Dr. McK- enna was not fairly compensated for those assets and the revenue gener- ated by Dr. Riordan's competing clinic. The $7.8 million awarded to Dr. McKenna included $5 million in punitive damages. n Rothman Orthopaedics CEO no stranger to healthcare C-suites: 5 facts By Carly Behm Christopher Olivia, MD, was named CEO of Philadelphia-based Rothman Orthopaedic Institute, replacing Mike West in April. Five facts to know: 1. Dr. Olivia has been CEO of six health-related entities including insur- ance companies, hospitals and physician practices. He has expertise in business development, acquisitions and mergers. 2. Dr. Olivia has an ophthalmology background and received his medical degree from Hahnemann University in Philadelphia. 3. His career accomplishments include establishing the Cooper Medical School of Rowan University in Camden, N.J. It's one of 141 accredited al- lopathic medical schools in the U.S. 4. Dr. Olivia also led Pittsburgh-based Allegheny Health's merger with Highmark, which is one of the largest payer-provider mergers. 5. He holds an MBA from the Wharton School at the University of Pennsyl- vania. n