Vol. 31
VirginiaBusiness.com NOVEMBER 2016
No. 11
VIRGINIA BUSINESS PUBLICATIONS LLC President & Publisher Bernard A. Niemeier Editor Robert C. Powell III
Managing Editor Paula C. Squires Senior Editor Jessica Sabbath
Special Projects Editor Veronica Garabelli
Contributing Writers Robert Burke Heather Hayes James Heffernan Gary Robertson Joan Tupponce
Art Director Adrienne R. Watson
Contributing Photographers Rick DeBerry Mark Rhodes
Production Manager Kevin L. Dick Circulation Manager Karen Chenault Accounting Manager Stephen P. Fishel
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Sales Manager Lynn Williams 29 Conversion by Joan Tupponce HOSPITALS & HEALTH CARE
47 The health-care squeeze
Hospital executives say they don’t operate in a free market. by Robert Powell
55 Medical breakthrough VIRGINIA BUSINESS PUBLICATIONS LLC
A portfolio company of Virginia Capital Partners LLC Frederick L. Russell Jr., chairman
Virginia Business (USPS 001-387, ISSN 0888-1340) is published monthly by Virginia Business Publications, LLC, 1207 E. Main Street, Suite 100, Richmond, VA 23219. Subscriptions: U.S. and possessions: $48. Periodicals postage paid at Richmond, Va. Postmaster: Send address changes to Virginia Business, 1207 East Main Street, Suite 100, Richmond, VA 23219. Copyright 2016 Virginia Business Publications, LLC. All editorial material is fully protected and may not be reproduced in any manner without prior permission. For additional reference: SRDS #20A – Business-Metro, State and Regional
with a hitch FDA approves new treatment, but is the proposed Medicare payment too slow? by Robert Burke
departments
6 Followups 7 Events calendar 9 Our View
11 Out & About
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12 Regional Views 75 Inside View 76 Index
71 Trend tracker Regional projects capitalize on interest in beer, bourbon and solar power. by James Heffernan
headache New chip-enabled credit cards help prevent fraudulent purchases, but the changeover has been problematic.
contents BANKING
HIGHER EDUCATION
57 The ‘iron triangle’
U.Va. controversy points to conflicting choices at public universities.
by Gary Robertson
UNIVERSITY PROFILE: LIBERTY UNIVERSITY
60 A vision came to pass
Liberty University has transformed itself into Virginia’s biggest school. by Heather B. Hayes
COMMUNITY PROFILE: SHENANDOAH VALLEY
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