Hsm 541 Week 6 You Decide Recommendations Memo

655 WordsAug 8, 20153 Pages
HSM 541 Week 6 You Decide Recommendations Memo Purchase here http://devrycourse.com/hsm-541-week-6-you-decide-recommendations-memo Product Description You have been the CEO of Middlefield Hospital for 2 1/2 years and finally resolved the workforce challenges that plagued the hospital when you first arrived. In a recent meeting, the chief financial officer (CFO) indicated that the financial performance of the hospital has been deteriorating over the last 6 months. The hospital is not meeting its budget and he is concerned about the future. The new facility across town has continued to cut into Middlefield's market share by admitting more patients. The number of admissions to Middlefield Hospital is declining each month, and…show more content…
There are little reliable utilization and reimbursement data available. No one at Middlefield Hospital is assigned to manage these contracts or maintain ongoing relationships with managed care companies. The Joint Commission survey is scheduled for next year, and there are significant problems with the hospital's quality improvement program. The health plan offered to employees is getting more expensive each year. In fact, the costs are increasing at a rate of 20% each year. This is adding significantly to the hospital's operational costs. The inpatient mental health services and neo-natal intensive care unit continue to lose money for the

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