Middlefield Hospital Strategies and Recommendations Background: Middlefield Hospital is a 450-bed tertiary care facility in a major urban area in the Northeast. The hospital is an integrated health system that provides the full array of inpatient and outpatient services. The hospital enjoys a reputation for quality care in the area. Problem: As the new CEO, I have learned that the hospital's employee turnover rate exceeds 20%, and there are over 100 nursing vacancies. I have also learned
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HSM 541: Week 2 – You Decide Middlefield Hospital has been a great healthcare facility to the Middlefield area. Middlefield Hospital consists of a 450-bed tertiary facility in a major urban area in the Northeast. The hospital is an integrated health system that provides the full array of inpatient and outpatient services. The hospital enjoys a reputation of quality care in the area. In recent years, there are areas of concern that need to be addressed. As I have been assigned the position as the
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financial performance in Middlefield | | Health Service Systems Professor: Julie DennisDeVry/Keller University Online | 2/8/2015 | | As CEO of Middlefield Hospital for 2 ½ years now, I analyzed, observe and came up with a plan of execution to finally rectify the current workforce challenges that not only burden but also tormented the hospital when I first arrived. Recently meeting with the chief of financial officer (CFO), documentation was presented, regarding the hospitals financial performance
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School of Management This paper will analyze some of the strategies and recommendations that will improve the financial performance of Middlefield Hospital that has seen some dramatic issues taking place financial wise over the past 6 months that is a great concern for the chief financial officer. Over the past 6 months Middlefield Hospital has been dealing with deteriorating financial issues that can be placed on several issues that have been noted. The budget has taken a big
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Middlefield hospital was once a great hospital that served a variety of patients with the best care. Over the past couple years Middlefield has been having some problem because of the new big hospital in the area. With this new hospital coming to the area Middlefield has been losing many of its patients and getting a lot more uninsured or under insured patients. As CEO of Middlefield hospital I am recommending that do a couple things to improve the current financial performance of the hospital
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financial performance of Middlefield Hospital. The problem started when the chief financial officer (CFO) indicated that the financial performance of the hospital has been deteriorating over the last 6 months. Hospitals throughout the world are operating on tight budgets.Therefore; operational managers must find ways to reduce cost and “manage productivity across all areas and job categories” (Langabeer, 2008, p. 129). There are many factors contributed to this problem: The hospital is exceeding its budget
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a CEO of Middlefield Hospital, I have learned recently that the financial performance of the Hospital has been deteriorating past six months. As I investigated the situation, I found out that there are many problems which are affecting the budget of the hospital. First I need to assess the problems and find out what are the revenue generating things and what are the expenses. The first dimension of financial health is that revenues and expenses be in balance. The fact that our Hospital offers multitude
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To: Board of Directors of Middlefield Hospital From: Vitalina Tatach Date: August 15, 2015 Re: Evaluation and Recommendations for Improvement I have been diligently working on reassessing our present situation with loss of revenue and other bellow described weakness. After thoroughly studying past years’ reports, I came up with a few thoughts that I would like to share with you which should make positive income and decline out quality assurance problems. With that in mind, I came up with
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Plastic surgery is common things among people nowadays. The cost incurred to do the surgery also not too expensive. Mostly we heard female are desired to do the plastic surgery but now men`s also desired to do the same thing. There are the reasons why people choose to have plastic surgery and the several risks involved. The first reason why people choose to have plastic surgery is low of self-confident. As we know, have many factors why people feel like that such as their body appearance, ugly
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Financial Statements Review The Patton-Fuller Community Hospital is a full-service, for-profit hospital with 600-beds. Since 1975, the hospital has made every effort to provide advanced patient care for both inpatient and outpatient treatment in Northwest valley. The Patton-Fuller Community Hospital is owned by a 14 person board, in which 12 are active physicians. Collectively, the board works on a budget that best aids the board and the hospital. The goal is to make a profit while providing patients
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