What strategies can the organization take to survive, improve its performance, and compete with other hospitals over the next 5 years? What are some advantages or disadvantages of these strategies?

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter4: Linear Programming Models
Section4.8: Data Envelopment Analysis (dea)
Problem 42P
icon
Related questions
Question

ABC Hospital is a small, privately-owned community hospital. It has been struggling to survive financially, as reimbursement rates have declined, and consumers are being drawn to the larger, state-of-the-art hospital facilities in urban areas that are perceived to have better quality. ABC Hospital was built in 1960 and has been operating in the same manner for many decades. The hospital meets legal and regulatory requirements, but it has not kept pace with some of the newer technologies and patient conveniences becoming more prevalent in the health care industry.

How can I explain 

  • What strategies can the organization take to survive, improve its performance, and compete with other hospitals over the next 5 years?
  • What are some advantages or disadvantages of these strategies? 
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Practical Management Science
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,