HSM 541 Week 6 You Decide Essay

851 Words Jan 29th, 2014 4 Pages
As the Chief Executive Office of Middlefield Hospital, it has been brought to my attention by the Chief Financial Officer that our financial performance has been deteriorating for the past six (6) months. It has also been brought to my attention that the new facility has been admitting more new patients and our admissions have been declining. The number of uninsured patients has increased over this period of time. The management team has identified some other interesting facts that are possibly hurting the reputation of Middlefield Hospital. My determination is that the financial performance of Middlefield Hospital needs to be improved.
Research has shown that hospitals are operating on tight budget all over the world, and they need
…show more content…
We should look into the services that this other nearby hospital is providing in their wellness center, and we should extend our services to the ones they are not offering. Our wellness center should also include a retail store to allow the patients to purchases the products that we use on them. I know this will require a specially trained staff, and we will make sure that the staff is qualified with all certifications needed.
Also, in lieu of the wellness center, we should offer a monthly health fair for new and existing patients. This monthly health fair will also draw new patients to the clients.
Most of Middlefield’s managed care contracts are more than 2 years old.
In hopes of getting a handle on the managed care contracts, I would like to assign a team of personnel to specifically handle and maintain the various managed care contracts. I would like for this team to make sure that we are getting the best out of these contracts. The team will know what our goals are before deciding on a managed care contract. Some of the goals that would be considered are:
Increasing or protecting revenue
Aligning with other practices that already contract with the specific Managed Care Organization (MCO)
Fostering a relationship with certain MCOs
Increasing/protecting our patient panel
The Joint Commission survey is scheduled for next year, and there are significant problems with the hospital’s quality improvement program.
To improve the quality

More about HSM 541 Week 6 You Decide Essay

Open Document