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Jan 9, 2024

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Financial and Ethical Impact Samantha Grant MHA 506 Ricci Rizzo November 26, 2023
Financial and Ethical Impact Analysis “Financial and ethical impact analysis play a role, in shaping how an organization is structured. Makes decisions. The structure of an organization determines how project management is handled, who has the authority to make project related decisions and how goals and tasks are effectively communicated. Moreover, it influences how project managers collaborate with their teams” (Richards, 2021). The primary focus, at East Chestnut Regional Health System (ECRHS) is to enhance the quality of life through service. Their ultimate goal is to become a leading provider of health and human services. ECRHS has set objectives, such as improving women’s services attracting new physicians and establishing an Oncology Centre. With a vision strong leadership and dedicated employees ECRHS can effectively fulfil its mission achieve its vision and accomplish its long-term goals. Effective leadership plays a role in ECRHSs success. The President and CEO who previously held the position at Archway Hospital introduced a system that grants autonomy to different entities within the organization. Additionally, the leadership team includes a Chief Operating Officer (COO) Chief Financial Officer (CFO) Chief Medical Officer (CMO) and other key members who work together to implement strategies and ensure progress towards success. ECRHSs mission revolves around making an impact by providing service that improves people’s quality of life. They are committed, to achieving this mission through their efforts. ECRHS has set goals, which include improving women’s services recruiting new physicians and establishing an Oncology Centre. These objectives provide a framework, for decision making and evaluating performance enabling the organization to work towards achieving its goals.
The success of ECRHS relies heavily on its structure and culture. The organization came into existence through the merger of three entities: East River Medical Centre, Northern Mountain Hospital Consortium and Archway Hospital. Following the merger, the CEO of Archway Hospital assumed the role of President and CEO at ECRHS. Drawing from his experience leading an organization he implemented a system that allows for minimal centralized control. The structure of ECRHS includes a leadership team consisting of both retained staff from the regime and new members. The President and CEO who has been in position for nine months now is responsible for managing and directing the organization. By fostering trust among employees actively managing and developing the structure and culture well as providing training and development opportunities ECRHS can ensure its ongoing success. While they face a lot of competition from other healthcare facilities and providers within the chestnut community. Their advantage to maintain being one of the best lies in their level 1 trauma centre, advance technology offerings and their recent acquisition of 100 acres of land for their service expansion. To maintain competitiveness in the healthcare industry ECRHS must evaluate its marketing strategies, from both considerations and financial perspectives. To ensure an analysis of the landscape it is crucial to consider various factors such, as the potential entry of new players, competition among existing firms the influence of buyers bargaining power the threat of substitutes and the leverage held by suppliers. Understanding and addressing customer needs and preferences play a role. ECRHS should conduct surveys among physicians and administrators to gather insights into their
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